EUROBLOWN: Stalemate spikes Draghi’s guns as Weidmann threatens to quit

The Slog

Francois Hollande: Is there a point to this bloke?

Germany 1 Italy 1

(After far too much time. Penalties to be taken by Spain & Greece)

Apologies if this reads like a cross between news item and opinion-piece, but many if us here in Europe are beginning to wonder where this mutual exhibitionist onanism between Berlin, Frankfurt and Rome is going to end…and when something practical to help EU citizens might start happening.

We are now at Friday afternoon over here (early-bird Americans are just getting up) and so far there have been no big-gun interventions from Mario Draghi in terms of either serious bond-buying or – more urgently – Spanish banking and regional liquidity. There are two simple reasons for this: Jens Weidmann (the Bundesbank version of Jurgen Klinsmann) keeps threatening to fall on his sword, and Angela Merkel keeps alternately egging him on and holding him back. My…

Δείτε την αρχική δημοσίευση 583 επιπλέον λέξεις