Desperate Optimism and Unlimited Promises Don’t Equal a Solvent
IMF Director Christine Lagard is “optimistic” about the world. In terms of Europe, she believes that the ECB is the only Central Bank that has “a bit of space” to work with.
It’s a good thing Lagarde is optimistic about things and believes the ECB can do more… because European markets are rapidly losing optimism and will be likely needing that extra “space” form the ECB in due order.
Read More: http://economicrisis.com/desperate-optimism-and-unlimited-promises-dont-equal-a-solvent-financial-system/5164