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So what. Do you really think a hedge fund - or any private lender woulds give a credit to the irish banks at 1.75%?

And why should the european and irish central bank not enjoy seignorage?

by IM on Fri Feb 4th, 2011 at 09:48:17 AM EST
[ Parent ]
Oh, it should. But it should not complain about it.

Also, the Eurozone monetary authority shouldn't be the leading driver of the push to bring in the IMF to lend Euros to a Eurozone treasury.

Something really bizarre happened in November.

Keynesianism is intellectually hard, as evidenced by the inability of many trained economists to get it - Paul Krugman

by Migeru (migeru at eurotrib dot com) on Fri Feb 4th, 2011 at 09:53:21 AM EST
[ Parent ]

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