French Presidential favorite outlines his ridiculous strategy on how crisis could have been prevented

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Hollande says the ECB could have prevented the debt crisis if it had “massively” bought Greek debt at the outset.

The stupidity of that idea is astonishing.

Meanwhile, in a bid to make himself nearly as unelectable, Sarkozy says the ECB’s mandate should be changed to include growth.

Stuff like this makes you glad the Germans are running things.

Author: Adam Button

Adam Button is the managing editor of ForexLiveâ„¢. He was previously the chief currency strategist at XForex and has also worked with Intermarket Strategy. Adam believes there's an edge in knowing every tidbit of news. He was formerly the head of the markets team at the Canadian Economic Press and is a graduate of Ryerson University. Adam lives in Montreal, follow him on Twitter: @FX_Button.



Adam Button


  1. “The stupidity of that idea is astonishing.”

    That made my day, its just the french being french.

  2. So true, Adam, so true ;)

  3. These eurocrats never cease to amaze me. They are like a team of doctors who know their patient has a cancer, but they are afraid to tell him of it or to discuss any remedies that might actually work.

  4. Haha, that’s a good one. Brilliant, Adam :)

  5. Why is it such a bad idea?


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