“Does the ECB stand behind Italian debt like the Federal Reserve stands behind U.S. debt? That’s the only question,” said Johnson, now a professor at the Massachusetts Institute of Technology and a Bloomberg View columnist. “Everything else is derivative from that question. They won’t tell you that, and they can’t decide.” Britain's prized AAA rating to be 'at severe risk' by 2013, says fund giant
http://www.bloomberg.com/news/2011-10-14/germany-backing-italian-debt-seen-as-key-to-europe-bank-crisis.html
Here comes Super Mario
On 1 November 2011, Jean-Claude Trichet will be replaced as president of the ECB by Mario Draghi.
Draghi was professor at the University of Florence, and then worked at the World Bank and at Goldman Sachs before becoming governor of the Bank of Italy in 2006.
http://www.fool.co.uk/news/investing/2011/10/14/is-this-the-man-who-can-save-europe.aspx
http://www.thisismoney.co.uk/money/markets/article-2048447/Britains-prized-AAA-rating-severe-risk-2013-says-fund-giant-L-G.html?ito=feeds-newsxml
Friday, 14 October 2011
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