Mr.Bernanke loves this song

As Bernanke shows frustration for slow growth and economy he does not offer any solution as usual he repeated Fed will act  when there will be need. Bernanke  also  appealed to Congress for help in giving the economy a shot in the arm. But New York Sen. Chuck Schumer told him point blank today to forget it."Given the political realities, Mister Chairman, particularly in this election year, I'm afraid the Fed is the only game in town," Schumer said, "and I would urge you to take whatever actions you think would be most helpful in supporting a stronger economic recovery."

Mean wile Europe /Germany Struggling hard to manage ESM fund as Germany  question's legality of ESM .ESM is basically a permanent rescue funding program that's designed to replace the EFSF in creating a firewall against debt contagion in the euro region. The ESM was set to have a pool of 500 billion EUR and was scheduled to be launched in July 2012.But with Germany, the largest contributor to the fund, questioning the legality of its participation, the ESM's launch has been put on hold. Apparently, some German lawmakers, academics, and political groups have a couple of objections to Germany's role in the ESM fund.