Eurostorm Batters Brazil
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  • WigWag

    “Today’s surprise announcement to cut interest rates by the European Central Bank offers a rare glimpse of hope…” (Walter Russell Mead)

    A “glimpse” is right and even that is probably overstating the case. Considering the magnitude of the problems facing Europe, a quarter point drop is not only a joke, it’s way too little, way too late.

  • dearieme

    “Today’s surprise announcement to cut interest rates by the European Central Bank offers a rare glimpse of hope”: my guffaw at the news was unrelated to hope.

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