The German Press Responds To Draghi: “Vengeance Will Be Bitter”
by Tyler Durden
ZeroHedge.com
08/05/2012
And, as expected, it’s not happy. The punchline:
The central bank is to become subordinate to finance ministers in crisis-stricken countries. In Draghi’s homeland Italy, such a situation was the norm for decades — and the result was chronic inflation. Now, he is accepting a repeat of history. On the short term, it will create relief in the debt crisis. On the long term, vengeance will be bitter.”
As a reminder from March: Mario Draghi Is Becoming Germany’s Most Hated Man
More from Spiegel:
The Rest…HERE
