'Consensus Is Growing' For ECB and IMF Takeover Of Euro-Crisis

'Run For Your Lives' ... Euro Zone Considers Solution of Last Resort: The ink on the most recent European Union summit agreement was hardly dry before it became clear that it was insufficient. With investors now increasingly wary of Italy, the consensus is growing that the European Central Bank – and the IMF – will have to play an even greater role. But will it be enough? – Der Spiegel Online

Dominant Social Theme: We didn't want it. We didn't mean to suggest it. We don't think it's a good idea. But it looks like the European Central Bank and the International Monetary Fund will simply have to take a bigger role in solving this terrible crisis.

Free-Market Analysis: It is all too predictable. We've been writing for months on the possibility that the entire EU crisis is a kind of contrived one and this article post at Der Spiegel Online does nothing to discourage this supposition.

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