There Will Be Blood
December 5, 2011 by Marshall Auerback
Another week to go before the euro blows up, or so we’re told again for the thousandth time. More likely is that the ECB does barely enough to keep the show on the road, fiscal austerity continues and riots intensify on the streets of Madrid, Athens, Rome and Paris. Like the film, “there will be blood” before there is any likely change toward a sensible growth oriented policy in the euro zone.