Reported by CNBC, 25th September 2008
On the day we officially slip beneath the waves of Recession, it doesn’t look as though the “good ship” ECB will be steaming in with a rates cut any time soon.
(Not that I believe that ECB should be cutting, just yet)
Will Lisbon II be a subtext for secession from the EU?
I don’t think anything is impossible these days.
I am not joking when I say this, but Lisbon II will be a bit of leverage to get a good bit of dough ray me out of the ECB for own leverage problem!
ECB are like the USA in 1929.