September 8th, 2012
Econintersect: In the wee hours of the morning on Thursday (April 6) Marshall Auerback's article "Dr. Draghi: Name Your Poison" was published at GEI Analysis. He compared Dealing with the ECB was like "dealing with Hannibal Lector." Here is part of the opening paragraph:
... the ECB (European Central Bank) is prepared to initiate unlimited purchases of national government bonds in order to underwrite their solvency. Of course, as usual with the ECB, there’s a sting in the tail, the sting being additional “conditionality” (for which one can read more fiscal austerity) as a quid pro quo. It’s like dealing with Hannibal Lecter.
Auerback appeared on BNN later the same day where he discussed his Hannibal Lector comparison: