Tuesday, April 17, 2012

ECB Staffs Demand Inflation Insurance on Pensions

From the Financial Time’s Money Supply blog

A spot of domestic trouble for the European Central Bank: its staff in Frankfurt are demanding protection for their pensions — against inflation.

Oops.

Does the ECB staff know something which their bosses don’t?

Or could this be an example of the idiom where left hand doesn’t know what the right hand has been doing?

Or could this signify as the proverbial handwriting on the wall?

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