Useless whatever Italian rescue Italy should cut 75% of its current expenditure The Italian Predatory State cannot do it!

European Bank to Buy Bonds in Effort to Head Off Debt Crisis

By JACK EWING 40 minutes ago

FRANKFURT — The bank says it will “actively implement” its bond-buying program, a move that is expected to help stem the crisis in Spain and Italy.

Second Recession in U.S. Could Be Worse Than First

By CATHERINE RAMPELL6 minutes ago

Policy makers exhausted their resources in the last recession and, in a weaker economy, would have few options the next time.