Sunday, November 28, 2010

Ireland bailout: fears mount that eurozone fund is too small

It's hypocritical for European finance ministers to  bash the Fed for applying quantitative easing several weeks ago, and then turn around and announce bailouts of Ireland, with Portugal and Spain waiting in the wings.  Printing money is printing money, and central banks from both sides of the Atlantic will do whatever it takes to save their respective economies from collapsing.

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