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So, yesterday evening I drove home from work, turning on my normal radio channel...and want was on? A full 30 minutes special on the horrible decision the ECB had taken. 'expropriating the saver' 'creating great uncertainty in the monetary system' and so on. And it is actually a channel that normally plays mostly music!

Not once was the downside of doing nothing mentioned.

Tagesschau had only a short report on the decision and they obviously gave the word to Sparkassen-Präsident Georg Fahrenschon.

by rz on Fri Jun 6th, 2014 at 03:41:26 AM EST

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