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View Full Version : Synthetic Bonds Are the Answer to Euro-Area Crisis: Harald Uhlig - Bloomberg



NewsWhore
10-21-2011, 01:40 PM
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Synthetic Bonds Are the Answer to Euro-Area Crisis: Harald Uhlig (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNHETCWUlL12_2x6xhcD9xV7vARhfw&url=http://www.bloomberg.com/news/2011-10-21/synthetic-bonds-are-the-answer-to-euro-area-crisis-harald-uhlig.html)
Bloomberg
The ECB is ultimately backed by the euro area&#39;s taxpayers, who either get more inflation or a depreciation of their currency, if things turn south. In addition, the central bank&#39;s actions have had the unintended effect of encouraging private banks to ...

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