ECB’s bloody-mindedness and contempt manners

Here are Swedish and Finnish 10-year bond yields.
See the big line´s divergence as the euro crisis has exploded.

Dailymail Monday, Nov 28 2011 12PM  Sure, with money you doesn't buy your manners.

Those one ostentatious Bugatti Veyron stuck out like a sore thumb when it was illegally parked in a disabled bay in an affluent corner of Essex. No matter,
`couse we have some real problems.
This scene when euro bond spreads began their upward march, culminating in an another scene, in the current crisis.
The ECB, the European System of Central Banks started raising rates. They have no right visions, but also didn´t get any sense of instinct.
By itself, that rate hike, although it was clear, obviously a big mistake: Mistake, an it should not have mattered that much hikes.
But maybe according to The New York Times's Op-Ed columnist Paul Krugman it acted as a signal of the ECB’s bloody-mindedness, and that’s what set off the panic.
Yes, I agree with this Nobel-Prize winner.
And I've lost my respect for the ECB.
If that’s what happened, as Krugman says, the ECB’s hard-money madness may have destroyed the euro.

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