It’s High Noon

But which one is Gary Cooper?

Big spending Mario Draghi, the European Central Bank boss who is shooting for the outright central-bank purchase of European sovereign debt, or lonely Bundesbank chief Jens Weidmann (and pretty much the rest of conservative Germany) who is gunning to resist such a move as it would “dilute debt-laden governments’ incentive to reform, and lumber the central bank with too many risks and responsibilities, endangering its independence and credibility.”

And more importantly, who is Grace Kelly here and where is she when we need her?

“I will do whatever it takes to preserve the euro.”