The weekly will be a more in depth look on the ECB but here's today's daily first. I will be on Headline with Howard Green on Monday at 1230 to talk about all the headlines of the day.
I just want to focus on one aspect of the euro crisis - and that's Angela Merkel's support for monetization. I have been saying since 2010 that monetization was likely and since last year that crisis in Spain and Italy would be the trigger. Now we have finally arrived. And, it is the German Chancellor's being fully behind this move that has allowed it happen. The question then is why is she putting her weight behind the 'money printing' route?
I talked about this last month when I wrote "The end of European bailouts and the beginning of monetization". The crux of the matter here is the combination of risin...
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Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.