|
楼主 |
发表于 2012-8-5 04:18 AM
|
显示全部楼层
回复 contr 的帖子
The question is how European situation can improve?
Europe can be only rescued by Germany's money, however it certainly will not come freely. Germany essentially requires PIIGS countries to surrender their sovereignty, in certain forms and to certain degree. Such a deal is very difficult to swallow for PIIGS as it means Germany's ruling to Europe. Hence to make such a deal to happen, to ensure it's accepted politically, the PIIGS economies and financial markets must go worst first before turn better. Euro needs to be kept under stress continuously, to allow PIIGS being brought down 1-by-1. Hence, any effect from ECB easing is set to be short life. |
|