"To some people, the European Central Bank [ECB] seems like a fire department
that is letting the house burn down to teach the children not to play with
matches."
So wrote Jack Ewing in The New York Times last week. He went
on:
"The E.C.B. has a fire hose - its ability to print
money. But the bank is refusing to train it on the euro zone's debt
crisis.»
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