Carbon-Dioxide: the gas of life!
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German court disarms Draghi's 'big bazooka'
Mario Draghi’s pledge that the European Central Bank would do “whatever it takes” to save the euro is in big trouble after Germany's constitutional court today gave “important reasons” why it was illegal. The development may well trigger new turbulence for the eurozone. As eurozone governments have balked at banking and fiscal union, the the ECB's Outright Monetary Transactions (OMT) programme has become the most important, totemic factor in easing the sovereign debt crisis. The "big bazooka" of unlimited sovereign bond purchases to defend the European Union's single currency has been seen as the ultimate ... (full story)
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Carbon-Dioxide: the gas of life!
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