The ECB is the currency issuer and it does more or less what it likes to keep the Member States solvent.
In 2012 the ECB purchased massive amounts of Greek bonds from German and French banks to save them from going under, they having recklessly purchased these bonds. Greece has continued to pay interest on these, […]
New analysis suggests the EU must ditch plans under its European Green Deal to increase mining and set hard limits to the natural resources it extracts in order to prevent human and ecological disaster. Read […]
Going cold turkey would finish off a dysfunctional global financial system that’s now hopelessly addicted to emergency infusions. The only solution is surgery on the system itself. Read here Alec Monopoly, Breaking the Bank mixed […]