Can Europe be Bailed Out?

The Wall Street Journal: Shades of Weimar? Only the ECB Can Save Europe:

The Germans have accepted the notion that the only institution with the wherewithal to save the eurozone is the European Central Bank, and the only way possible for the ECB to do it is by printing euros. Trillions and trillions of euros. 

This is a major about face for the historically inflation-averse Germans, for whom the hyperinflation and disaster of the Weimar Republic is still an open wound, Mauldin noted. But there’s no other way around it, because from Greece to Portugal to Ireland to Spain to Italy, there isn’t one government with the capability to overcome what are now, or are quickly becoming, crippling debt burdens.

Related articles

• MAULDIN: Germany Has Waved The White Flag And Will Allow Printing And Inflation (businessinsider.com)
• Germany Ready to Embrace Inflation? (silverdoctors.com)
• When world economy finally rights itself, John Mauldin sees 'biggest bull market in history' (theglobeandmail.com)
• Three Data Points That Prove Europe Cannot Be Saved (zerohedge.com)
• Europe Blinks: Troika Willing To Change Terms Of Greek Bailout Deal (zerohedge.com)