Moody’s: “The ECB Can Do No More Than Buy Time”

Monday, July 30, 2012
By Paul Martin

by Tyler Durden
ZeroHedge.com
07/30/2012

It would be odd to suggest that one of the most scathing critiques of the ECB’s attempts to talk up the market on nothing but hope, promises and expectations would come from rating agency Moody’s, yet that is precisely what has happened. With Swiss, Dutch, Finnish, and German short-dated bonds once again hitting new record low (negative) rates (and Italian 10Y is weakening), it would appear that at least some of the market is not drinking the all-things-risk kool-aid.

The Rest…HERE

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