The Federal Reserve's Protectorate Expands By One: L-Pap Is Officially In Charge

Tyler Durden's picture

This is not news, and was already broken over the weekend, but at least now it is official.

  • GREEK PRESIDENT TOLD THAT PAPADEMOS TO HEAD GOVERNMENT- BBG quotes SKAI

That said, while the EURUSD is obviously delighted that the ECB has just placed its first proxy to head a sovereign nation, perhaps PM is not quite the right title: how about Federal Reserve Viceroy for the Aegeo-Turkish region; or Annexation Tzar for the ECB. As a reminder, L-Pap's profile can be found here.