ECB Gets a Small Win

The ECB, justifiably criticized for claiming asset-backed bonds can reverse Europe's slump back into recession, got some support from an unlikely source this week -- Finland's auto loans market. 
Driving to the ECB's aid?

The European Central Bank has been justifiably criticized for its claim that the magic of asset-backed bonds can reverse Europe's slump back into recession. It got some support, though, from an unlikely source this week -- the market for car loans in Finland.

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