c071600246f86fc408d11b0b_pa3780c.jpg Paul Lachine

The ECB’s Secret Bailout Strategy

For many, Greece, Ireland, and Portugal had to seek an EU bailout, and Spain is a potential candidate, because international markets no longer wanted to finance their current-account deficits. But international markets have not financed any of them for the past three years; the European Central Bank has.

MUNICH – Why did Greece, Ireland, and Portugal have to seek shelter under the European Union’s rescue umbrella, and why is Spain a potential candidate?

https://prosyn.org/MjSdjFp