Monday, December 6, 2010

German Ability to Help Neighbors Faces Test

Wall Street Journal
December 6, 2010

Germany and the European Central Bank have taken a tag-team approach to keeping the euro zone afloat: The former supports the currency bloc's economy, the latter its financial markets.

Each has enough juice to play its part into the new year. After that, they may start to flag.

For now, markets want to see that the two are willing and able to do all they can to contain Europe's debt crisis. To that end, investors will watch Monday's release of data on the ECB's latest bond-buying activity.

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