What is the European Central Bank waiting for?
MADRID | Risk premium is attaining no-return levels. But this time any prospect of bailing out either Spain or Italy seems utterly out of reach. The EU rescue fund simply lacks enough muscle. Its depleted coffers are unable to provide any sustainable respite to the on-going crisis. Even if it had the money, it is highly questionable it would thwart the current wild burst of uncertainty now raging on uncontrollably across…