Could anyone explain me the meaning of bond buying of ECB? How it save euro zone?
The simplest way I understand this whole ECB thing is...
Greece, Italy, Spain spent money like water for a long long time as though they were swimming in money :rofl:
and one fine day, they realized the money is over and nothings been achieved, thats when they started screaming Help!! Help!!
to the better-off countries in the Euro-zone....
And now those better-off countries (read just France, Germany & Netherlands) are trying to pull them out of the well....without risking themselves falling into it :lol: :rofl:
Stupid!!!