Big mystery, the headlines are downright ugly..
- German President Christian Wulff has accused the European Central Bank of violating its treaty mandate with the mass purchase of southern European bonds
- Finland threatens to withdraw Greek bailout support
In any case, we know that the ECB cannot buy these bonds indefinitely. Something has to give..
We know that Germany doesn’t want:
- The ECB buying bonds
- An increase in the EFSF, the European emergency fund
The problem is, what DO they want?? How do they think to solve the crisis? We wish we had an answer to this..