The possibility of this:
http://www.theaustralian.com.au/bus...l-growth-outlook/story-e6frg926-1226247311109
might be deja vu squared.
It's not a possibility, it's here.
Well the story goes:
the ECB lent 500B EU to banks at 1% who lent around 20B to PIIGS leaving 480B to shore up cash position.
Surely bonds backed by govt and taxpayers earning 6% is a pretty good deal to throw a few billion at.