Post Tagged with: "Jean-Claude Trichet"

October 28, 2010 04:43

Mad Fed Should Beware Unquantifiable Outcomes

The guardians of the world economy still seem to think the answer to too much debt is yet more debt. Imagine the response, though, if you had asked any of the current crop of central bankers five years ago about the inflationary consequences of pumping trillions of dollars into the financial system.

May 17, 2010 05:07

Merkel: $1 trillion rescue package only buys time

The €750 billion ($1 trillion) shock-and-awe rescue package to prevent the Greek debt crisis from spreading only bought eurozone countries more time, it didn’t solve their underlying debt problems, German Chancellor Angela Merkel and a European Central Bank official said Sunday.