(AP Photo/Andres Kudacki)
The European authorities seem determined to drive the continent into a repeat of the Great Depression.
The European Central Bank keeps playing a cute game designed more to impress the Germans than the financial markets or to provide real relief. Mario Draghi, ECB president, offers to buy unlimited amounts of the bonds of states that are being pummeled by speculators, but then undercuts his own offer by conditioning it on punishing austerity.













