The ECB knows what it has to do and continue to do – fund the fiscal deficits irrespective of what smokescreen it erects to call it something different. Read Here
My rule of thumb is this: 1. If the financial markets are interested in something it is better for the rest of us to keep them at bay. 2. Do not allow ‘private profitability’ to […]
The ECB’s power is disturbing in the sense that its decision makers are unelected and largely unaccountable. It does have to provide reports to the European Parliament but it mostly does what it likes. Worst […]
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