ECB Crushes Spiegel's "Absolutely Misleading" Monetization Report

Tyler Durden's picture

We said hours until the latest ECB rumor was dismissed. We meant minutes:

  • ECB SAYS BOND YIELD TARGETS HAVE NOT BEEN DISCUSSED BY THE COUNCIL.
  • ABSOLUTELY MISLEADING TO REPORT ON DECISIONS NOT YET TAKEN
  • WILL ADHERE STRICTLY TO ITS MANDATE

Socialists everywhere crushed. And now, time for Spiegel to cite "unnamed sources" that the EFSF is going to use 3-4x leverage... Just like last year. Because the broke continent can't even come up with new bullshit any more so must recycle.