No more lifelines for Greece

nick-beecroft-saxo-bank
Nick Beecroft, Saxo Bank

We have clearly now entered a period of what could be called ‘maximum intervention' by politicians and central banks globally. The European Central Bank (ECB) continues to do the work of politicians by addressing fiscal problems with monetary tools, but it seems the voice of monetary orthodoxy on the ECB's governing council won't stomach this forever. The recent resignations of Axel Weber and Jürgen Stark are a clear sign of the disdain with which the Bundesbank views the current state of

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