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Saft: ECB doesn't need an elephant gun for markets

Tuesday, April 17, 2012 - 01:29

April 17 - Reuters columnist Jim Saft says the ECB doesn't have to repeat the past and muscle the market into submission to spare Spain.

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Spain's King Juan Carlos surprise for low. Most insensitive and active in her or. I had some excellent jury. And -- -- one. He's gonna go off to Africa and -- -- Is not the the only one being called out. 200 gain easy she's expected to go after her and this time. -- Which have been trampling down and instead -- -- interest rates raising the chances. On. I'm gonna need a bailout or end possibly had difficulty staying within reunion. He's got to understand. This is probably not its job in -- -- around -- not. Last year while Spanish debt and here we are again. Twice attacked and LTR and here we are. But it's under tremendous pressure to do. Very much like George Orwell essay about when he wears -- colonial com. Among the ninety. He was called out to do something about an elephant in -- when he found it all down let you know he had. Decent crowds watching his losses -- to -- I yelled at you always regretted it. It'll be the same with the ECD. You'll probably be something probably won't help because. They're confusing solvency with liquidity. Wrong tool Iran's. It's gonna get the wrong result.

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Saft: ECB doesn't need an elephant gun for markets

Tuesday, April 17, 2012 - 01:29