Who would want to be in the shoes of Ben Bernanke, Federal Reserve chairman, or for that matter, in those of Jean-Claude Trichet, president of the European Central Bank?
They are grappling with a fiendish dilemma. As concern about a double dip grows, there is rising pressure for more stimulus. But the more addicted western economies become to aid, the harder it will be to implement exit strategies.
No wonder markets seem uneasy; squaring this circle looks extremely hard.
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