https://redstate.com/blackhedd/2011/08/08/jean-claude-trichets-italian-job/feed/Conservative News & Politicsen-usWed, 17 Jun 2026 06:35:06 -0400<![CDATA[Jean-Claude Trichet, the outgoing governor of the European Central Bank, just announced that the ECB will engage in purchases of euro-denominated bonds issued by Spain and Italy. This long-resisted move is intended to stem the latest flareup of the sovereign-debt heartburn that is a far greater threat to financial-market stability than the US debt downgrade. If the ECB manage to sustain this, it probably will work, for a while at least.]]>Mon, 08 Aug 2011 06:20:11 -0400<![CDATA[Francis Cianfrocca]]>https://redstate.com/blackhedd/2011/08/08/jean-claude-trichets-italian-job-n39966