Policy Mistake Number 101

After raising rates into the summer of last year, the ECB could potentially be a more dangerous central bank then the one led by our very own Ben.  Not even a week after the Dubai Debt Default, the ECB is moving ahead with stage one of their exit strategy, presumably to cool the Eurozone’s white-hot GDP growth rate posted last quarter of 0.4 per cent.  Double Dip anyone?

http://www.ft.com/cms/s/0/311896b8-dd0e-11de-ad60-00144feabdc0.html