Watch what I do and not what I say issue.
ECB bond purchases have increased but the statements do not match. It is the ECB through its lending which has been saving the EU from disaster. However, correcting malfunctioning markets does not provide monetary stimulus. One year after exit strategy discussion, the bond purchases increase with unlimited loans to many banks. There is not the same talk about quantitative easing but make no mistake that the helping hand of the ECB is one of the key financial stories of 2010.
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