27 ECB discovers it cannot raise rates without bankrupting the heavily indebted Italian government. So now they are just printing cash and giving it to Italy…. (www.reuters.com) posted 2 years ago by NotAGlowy 2 years ago by NotAGlowy +27 / -0 10 comments share 10 comments share save hide report block hide replies
The ECB’s main mandate is to control inflation. The reality is they have sold out to the governments. There is no sane justification to be printing more Euros when official inflation is at almost 10%.
(And the real inflation is likely much higher)