Wrong way round! ECB allows Governments to delay or abandon any structural reforms by bailing them out, keeping rates at absurd levels and effectively stealing from Savers - most of them low or middle income citizens that benefit little from the asset bubble the Central Banks create.
Governments Have Put the ECB in a Bind
A Third of Yesterday’s Massive Rally Vanishes, Who Knew What When?
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Check out an interesting chart of options trading ahead of the rally.
1 hour ago
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