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The negotiations with the ECB were carried out b the Central Bank Governor and senior civil servants in the Dept. of Finance and the Cabinet was "bounced" into accepting a fait accomplit very late in the process.  Yes they did ultimate accept the deal but both the manner and the content of the decision was unconscionable and is a primary reason why we now have a general election in which the Governing parties will be shafted.

My diary is primarily aimed at ensuring the next Government doesn't act quite as stupidly.

Index of Frank's Diaries

by Frank Schnittger (mail Frankschnittger at hot male dotty communists) on Sun Feb 6th, 2011 at 03:07:57 PM EST
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Greece's Plan B?

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Deflationary QE

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Another modest proposal. LQD.

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