15/09/10 17:20:45.11 ozmUAsMx.net
>>214の続き
4. Liquidity effects on sovereign debt: Finally, I’m sorry to say
that I completely missed the important of liquidity and cash shortages
in driving bond prices in the euro area. It wasn’t until Paul DeGrauwe
weighed in that I realized just how much difference it would make
if the ECB did its job as lender of last resort; if the euro survives,
DeGrauwe --- and this guy named Draghi, who put his ideas into practice
--- should get a lot of the credit.