ECB's Nowotny Slams Door Shut

Tyler Durden's picture

As Deutsche Bank suggested earlier, the ECB needs a market plunge to justify an intervention. Hence, here is the ECB's very own Jens Nowotny doing all he can do to precipitate a, you go it, market plunge:

  • NOWOTNY FEARS MERKEL/SARKOZY PROGRAM WON'T BE ENOUGH
  • NOWOTNY SAYS EUROPE CAN SOLVE CRISIS ITSELF
  • NOWOTNY SAYS NOT NECESSARY THAT USA `HELP OUT' EUROPE
  • NOWOTNY SAYS SMP CAN'T BE COMPARED TO FED, BOE PROGRAMS
  • NOWOTNY SAYS SMP HAS TIME LIMIT
  • NOWOTNY: DEBT CRISIS MUST NOT BECOME BANKING CRISIS AGAIN

For anyone who ignored the DB post earlier, we urge you reread it...