Goldman: “ECB Will Have To Go Big”

(Before It's News)

from Zero Hedge

Early last week we presented something rather shocking: a note by Goldman Sachs suggested that as a result of the ECB’s QE failure to push the EUR lower and with bond yields having risen instead of falling since the launch of the ECB’s QE in March, and perhaps due to a perplexing conflict between the ECB and the Bundesbank when it comes to debt monetization, a Greek default sparking contagion blowout risk, not to mention a “seven big figure” tumble in the EURUSD, may be just what the ECB needs.

Continue Reading at ZeroHedge.com…

• US Gov Crushes 2000 Lbs of Ivory as Publicity Stunt
• Economic Stagnation and the Global Bubble
• Global Debt Time Bomb Ticks – Puerto Rico Is Next
• Is the Euro a Failure?
• Fresh Greek Bailout Proposals Fall Short of Creditors’ Demands
• Tsipras Allegedly Caves In On Many Creditor Demands; No Vote Leads Polls but Yes Gaining
• Are You Sure Gold is a Safe Haven?
• Law Enforcement More Concerned About Anti-government Activists Than Al-Qaeda Terrorists
• Exim Bank Bites The Dust Today – Good Riddance To A Crony Capitalist Heist
• Things Are Likely to Get Worse for Greece Before They Get Any Better