How long before the ECB fires up the printing press?

[DiscoStu]

So in the opinion of the esteemed panel, which is a worse scenario:

The ECB riding roughshod over several treaties and printing a truckload of cash to buy up Italian and Spanish bonds

Or

The ECB doing cock all and the Euro collapses with defaults all over the place?

AtW would know what to do

[eek]

The only thing the ECB can do is cock all. But they will take six months until they do that.

[shaunbhoy]

The only thing the ECB can do is cock all. But they will take six months until they do that.

To be fair though, their speciality is Cricket.

[AlfredJPruffock]

The Germans would never permit money-printing - however ... the Italians hold the worlds 4th largest gold reserves .

That is what the Chinese are holding out for. If that is not enough the Germans hold the 2nd largest reserves.

There is a ready market for Gold - and the Chinese want it.

[shaunbhoy]

The Germans would never permit money-printing - however ... the Italians hold the worlds 4th largest gold reserves .

That is what the Chinese are holding out for. If that is not enough the Germans hold the 2nd largest reserves.

There is a ready market for Gold - and the Chinese want it.

Looks like there is Gold in them thar bills!!

[scooterscot]

The Germans would never permit money-printing - however ... the Italians hold the worlds 4th largest gold reserves ..

Indeed, the Italians have almost 8 times as much gold as the UK does,

The Germans almost as 11 times as much.

[DimPrawn]

Indeed, the Italians have almost 8 times as much gold as the UK does,

The Germans almost as 11 times as much.

Explain why you sold Britain's gold, Gordon Brown told - Telegraph

[suityou01]

So in the opinion of the esteemed panel, which is a worse scenario:

The ECB riding roughshod over several treaties and printing a truckload of cash to buy up Italian and Spanish bonds

Or

The ECB doing cock all and the Euro collapses with defaults all over the place?

AtW would know what to do

Depends where you shop for info
BBCs Robert Peston says that it's a toss up between Germany coughing up or allowing the ECB to fire up the printing presses

The ECB however say they cannot fire up the printing presses as it's 'not in the treaty'

Germany must be looking at the cost of bailing out Greece + Italy + Spain + France versus their export market if they chuck the towel in and go back to the Deutch Mark

Rumours abound that Merkel is considering sending in the towel

We will see

[TimberWolf]

Explain why you sold Britain's gold, Gordon Brown told - Telegraph

That, and the rest of his policies, were revenge on the English for some war fought hundreds of years ago which most English haven't even heard about.

[BrilloPad]

The ECB however say they cannot fire up the printing presses as it's 'not in the treaty'

In Europe the rules are regularly broken. Except by the UK who are stupid enough to abide by them.