Grande nation limits its monetary efforts on buying back state bonds

German NTV

After the pretty infamous spinoff of Mr Smaghi, Sarkozy isnt beset by very mindblasting
ideas. In fact, his current monetary policies are shortly dull. Like Papandreou and Berlusconi before him, he is demanding the ECB to buy back state bonds. This isnt very creative. In fact it reminds me more of Roulette. The number decides how many billions you invest in buying back state bonds. The weekly buyback already rose from Trichet to Draghi from 4 bio to 9 bio in Draghis first week. And, Sarkozy held his summit close to Monaco, in Nice. I think European monetary policies should not turn so rotten as they become form of gambling. Merkel's ho in the direction of Sarkozy is very necessary. The crisis is not at an end. If you use too much money right now, you will be facing some dry out soon and some falling currency as well. Sarkozy is at best naive, id call it more or lest short sighted.

So, Sarkozy isnt even trying to prove Smaghi wrong or Draghi wrong. He is not even trying to hide that he did not support the German candidate Weber. He is completly ok with Italian monetary policies. In short, he is an axxhole.