Why so long cautious Angela Merkel? It was and still is a simple solution: the ECB buying Government Bonds – so-called Quantitative Easing – et voila, sit back and enjoy the Ease in Quantity.
Sadly however, the stubborn wait formed a whole new litany of shortfalls in the tottering edifice of the Euro. All eyes on her for now as she agonizingly yields to US strategy and beckons the flow of much vaunted liquidity.
PUNCH & KISS 