In the short term, the ECB is still holding against the capital flight from Irish government bonds, but it is powerless against the capital flight out of the euro. The ECB's new bazooka won't help, Mrs Lagarde.
As you can see in the chart, the fish is eaten, and the trader world can see that too if 1,77 falling.
Best regards from Hannover (Lower Saxony)
Stefan Bode
#IR10Y - #ECB is BANKRUPT Part 4 #Ireland #EURUSD @lagarde@ecb