***Central Bank Sets Bond Plan Meant to Ease Euro Debt Peril - NYTimes.com

Central Bank Sets Bond Plan Meant to Ease Euro Debt Peril - NYTimes.com

Good to prop up the Euro, but long-view sustainability of lifestyle and economics is in order. The latter being the big paradigm assessment.

Reader comment:

• Stephen
• Windsor, Ontario, Canada
• Verified

"It seems that for the time being this is the end of the consumer driven economies of both the US and Europe. With little or no growth envisaged, and it's the consumers who are being hit with layoffs and not much of a possible return to work, then the ECB can only prop up banks in the hope that they can find someone to lend to."