Telegraph: Reports that the European Central Bank is expected to announce on Thursday that it will buy the bonds of at risk countries such as Italy and Spain. The question that has to be asked will it be enough for the markets, should ECB not rescue Spain and just give limited support to Italy. What even if the ECB buys the bonds of Italy and Spain and it does not solve the problem, just crating more bad debt in the system, it might just give these Countries some economic relief over the next few months, but is it a long term solution, from 2008 European Government bailout out banks, but all it did was move the debt from the banks to the state, this is part of the reason that the Europe faces a Sovereign debt crisis. At some point the debt will be to much folks, when that shoe drops it will cause major disaster in Europe.
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