The Naked ECB
The European Central Bank has begun to buy government bonds, including those of Greece, at prices well above those that would prevail in a free market. But the decision to do so was not unanimous, and has exposed issues concerning the ECB's governance that Europe’s decision-makers have wanted to keep under the carpet.
https://prosyn.org/eTkUuAF
LONDON – The crisis in the eurozone remains far from resolution. Investor worries are now concentrated on the health of European banks, many of which have large exposures to Greece and the other southern European countries with severe fiscal problems.