The ECB bought a piddling amount of bonds last week…trivial, really.
Don’t count on the ECB to bail you out of your Portuguese position, I guess….
They will drain EUR 74 bln for the system via one week deposits tomorrow.
Kind of reminds me of the Napoleon quote: If you are going to take Vienna, take Vienna…
If you are going to buy bonds, buy some freakin’ bonds…don’t tiptoe…
