I Don’t Know You Guys, It Seems Like That German Inflation Print Is Bad News When It Comes To Whether The ECB Will Be Inclined To Rescue Italy

You know if I didn't know any better, I'd be inclined to say that Wednesday's upbeat economic data out of Germany was "bad" news for anyone who's still long European risk. The combination of decelerating eurozone economic activity in Q1 and political turmoil in Italy seems likely to give the ECB pause when it comes to winding down QE in September, especially considering the potential for new Italian elections to morph into a de facto referendum on the euro. The Governing Council has been at pa

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