Why The ECB May Have A ‘Slight’ Credibility Problem

via: ZeroHedge
by: Tyler Durden
July 30, 2012

Tyler Durden's picture

ECB head Jean-Claude Trichet: July 27, 2011:

Speculating on Greece defaulting is a certain way of losing out. Such a speculation would be a sure-fire way of losing money given the decisions taken last Thursday

And what happened next to Greek bond yields (and inversely, Greek bond prices):

Continue Reading At: ZeroHedge.com

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