ECB Intervenes In Last Minutes Of Euro Market Trading As Italy Closes Red Once Again

Tyler Durden's picture

This aggression of a red close in the FTSE MIB will not stand man. Which is why Trichet just went ahead and sent the cavalry to buy another X billion worth of Irish 10 years to send a powerful message that European taxpayer capital will be used to purchase worthless paper that is cash flow bad, until morale improves.