Friday, December 9, 2011

Peter Schiff : The ECB should not bailout EU Governments

Peter Schiff : well, the ECB should do nothing. that's exactly what the fed should have done. unfortunately, they didn't. if the central bank in Europe stands firm, they will force european nations to actually cut spending and that's the only solution that's going to work. a monetary bailout is just a coward's way to dafault

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