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"A community that says, regardless of what happens in the rest of the world, that it can never again change its ground rules, that community simply can't survive."
Does. Not. Parse.
she doesn't have the political power to overcome the BB, does she?
if those ground rules are hard money hawkshit, she can make nice noises, but that's pretty much it, right?
if we can change them, and use the ECB's magic keystrokes to deliver a nice new dose of morphine to the pained patient, then we can go back to BAU, yeah?
Fail. so basically she's saying that we have to over-ride german bankster paranoia to create a new yurp wide finance entity. we all know that, but why would she say it? is there a shred of sincerity there, or is it just blather?
last Q...is there any long term downside for german banks to crash the euro? iow, is it possible they have bet on it failing, like GS did against the sub-prime loans?
"We can all be prosperous but we can't all be rich." Ian Welsh
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