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Asmussen/Merkel Double Whammy

Tyler Durden's picture




 

Just when the world thought Europe was the new cleanest dirty shirt, ECB's Asmussen and Germany's Merkel have opened the can of European worms once more. First Asmussen...

  • *ASMUSSEN SAYS ECB IS NOT AN ECONOMIC ALL-PURPOSE WEAPON
  • *ASMUSSEN SAYS OMT PROGRAM LEGALLY POSSIBLE (a year later, still not sure?)
  • *ASMUSSEN SAYS GERMANY 3Q WILL BE 'SOMEWHAT WEAKER' THAN 2Q

and then Merkel...

  • *MERKEL SAYS GREECE SHOULDN'T HAVE BEEN LET INTO EURO AT ENTRY
  • *MERKEL SAYS SCHROEDER RESPONSIBLE FOR `FALSE' GREECE DECISION

So that would appear to be it for those hoping for her to soften her stance post-elections... and remember Greek debt is soaring once again.

 

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