Gracias, Draghi, por darme la razón y hundiremos más aún en el lodo

De BI

Mario Draghi did a press conference today. "Everyone" was eagerly awaiting it, and nobody seemed to understand it makes no difference what he says. At least, that is, from the point of view of saving the euro, or Spain, or Italy, or the eurozone. Draghi let slip a dumb remark last week at what was essentially no more than an Olympic cocktail party, and now he's supposed to make it all come true. But he didn't say anything of substance then or now, because he doesn't have anything of substance to offer.

Unfortunately (well, for the European people), though, there are still financial markets out there demanding Blooper Mario hand over more European taxpayer money. What he'll try to do (and what will be another grossly expensive failure) is to save the banks, and to do that at the cost of impoverishing the people of Europe even further. The markets will say he disappointed. For the good of the people of Spain and all of Europe, Draghi should be sacked, ASAP, but the banks may want him to stay on a bit longer; he might deliver a few hundred billion more. So he'll stay. For now. Until t people hit the streets. Again.

Read more: http://www.businessinsider.com/draghi-diabolical-spiral-2012-8#ixzz22Pv2Bd9J

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