The ECB has been talking exit strategy in recent months but the flare up in sovereign debt woes has them backpedaling a bit.
Case in point: ECB chief economist Stark says the ECB has been withdrawing support measures but that they will keep them in place as long as needed.
With the Irish banks on life support, don’t expect the ECB to pull the plug anytime soon.
There are signs the euro zone recovery is nearing a self-sustaining recovery. He also says new fiscal rules do not go far enough.
