Posts Tagged This time is different
We’re going to need a bigger bazooka!
Posted by Stephen Clarke in Economics, European Union, Politics on 28/10/2011
On Thursday some greeted rises in world stock markets as a sign that the EU’s bail-out ‘bazooka’ had worked in scaring away speculators and reassuring the markets. Today’s news that Italy has had to sell 10 year bonds at a record high price indicates that simply inflating the bail-out fund is no panacea.
