Oh, That Wasn't the ECB Propping up the Euro, It Was China
Are you telling me that Tim Geithner and Hillary Clinton showing up in China actually worked?! Holy shit, we're less doomed than I thought.
See, Tim Geithner already knows the dollar is next if the eurozone collapses. If he doesn't want that as an inevitable outcome (it's hard to read the prick sometimes), he wants the euro to somehow make it through. And we all know he can't afford to do it. But China can and has certainly been looking for a way to diversify out of the dollar. Pfft.
So apparently those two goons were able to convince China to keep playing along.
FT has the scoop on China going balls in.