Every wire now has a version of the ECB’s plan, set to be released tomorrow.
Bloomberg started the ball rolling first thing this morning in New York, laying out the basics. Reuters advanced the ball three hours later by adding that the ECB would drop its preferred creditor status. Dow Jones is the latest with the story, but adds no new details.
I think it’s clear that this is not a rumor, it’s a leak. We know what the ECB will say tomorrow. In fact, Merkel has already reacted to the plan in parliament.
All over but the shouting…
