Printing money could get euro zone out of fiscal hole

Sandvich

http://www.zerohedge.com/article/european-banks-now-feverishly-betting-against-euro-bailout-fails-gold-surges

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Obviously this is fantastic reason to drop regulation even FURTHER like some people want to.

SeanW

Sandvich wrote: »

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Obviously this is fantastic reason to drop regulation even FURTHER like some people want to.

No, this is a fantastic reason to let the scummy bastards fail, which is what the market originally demanded. Faling that, yes, regulate the bastards into oblivion. I think I speak for all libertarians on this board when I say it's totally unacceptable for a bank to firstly be bailed out and secondly to spend all their bailout money in the aforementioned fashion.

It suggests what many of us have suspected all along, albeit for different reasons: the currency, and the continent, might have been better off staying the hell out of it.

Sandvich

The problem is that they'd act the same way when there's nothing ultimately to tell them otherwise.

SeanW

If the ECB wasn't constrained by the financial crisis, and had, say a stockpile of gold or forex, it could now sell these to buy Euros en masse, thus breaking the short sellers. But it IS constrained simply because it's had to print at least some money to bail out the banks ...