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Yesterday evening Spiegel Online posted a quite balanced article about the current monetary discussion at the ECB.

But it used one of my favored switch and bait tactics: Now that the situation is going radically down hill, ECB action will probably change nothing (which is most likely true, we need fiscal action). Ergo: Why do anything!

by rz on Thu Jun 5th, 2014 at 03:37:15 AM EST

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