Bundesbank disapproves of ECB bond buying.

The German Bundesbank has increased pressure on German Chancellor Angela Merkel’s attempts at shoring up support for the ECB bailout of the sovereign debts of Italy and Spain in an attempt to stave off unsustainable future borrowing costs for the two beleaguered EU states. This just highlights the coordination difficulties inherent in the current financial system in the EU. If you are an expert on this subject matter, or you have a really awesome opinion, email me because I would love to hear about what people think concerning the Euro and the current financial maladies of the EU states.

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