> Do you think the ECB will be willing to junk its whole economic philosophy
> for the mere sake of avoiding a deep world recession?
Of course. They did it in 1997-98, because they had to, and they'll do it again, because they have to. They'll tell themselves it's to save the euro from those unscrupulous American speculators or some such nonsense, but the Eurobourgies are global pragmatists, not financial fundamentalists.
-- Dennis