jones_supa writes: Finnish President Sauli Niinistö says in all likelihood the current European financial crisis will be solved by the European Central Bank printing more money. This is one of the methods that the Federal Reserve System also used in the US. 'It will supposedly lead to inflation at some point, but it starts to look like the only path to take', Niinistö said to HS.fi. Commenting on the President’s forecast, the former Managing Director of the Research Institute of the Finnish Economy (ETLA), Sixten Korkman says printing money is only part of the solution and in itself not a magic trick.
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