The European Tribune is a forum for thoughtful dialogue of European and international issues. You are invited to post comments and your own articles.
Please REGISTER to post.
# he prohibition of monetary financing (Article 123 of the Treaty on the Functioning of the European Union),
No QE?
# the prohibition of privileged access to financial institutions (Article 124 of the Treaty on the Functioning of the European Union),
Banks should get no tax payer guarantees?
# the no-bail-out clause (Article 125 of the Treaty on the Functioning of the European Union),
Banks and funds should get a haircut.
# the fiscal provisions to avoid excessive government deficits (Article 126 of the Treaty on the Functioning of the European Union, including the excessive deficit procedure), and
All governments have followed this, including Ireland and Spain. All have paid off their debts for 10-20 yrs. Ireland was only 2 yrs ago practically debt free.
# the Stability and Growth Pact (secondary legislation based on Articles 121 and 126 of the Treaty on the Functioning of the European Union).
Here is the key. In neoliberalism "growth" does not mean "wealth creation." It means credit creation. And wealth distribution by asset price inflation.
by DoDo - May 20 35 comments
by Nomad - May 10 14 comments
by JakeS - May 15 7 comments
by Metatone - May 14 85 comments
by ARGeezer - May 16 15 comments
by gmoke - May 17 2 comments
by DoDo - May 12 11 comments
by Migeru - May 6 100 comments
by DoDo - May 2035 comments
by gmoke - May 172 comments
by ARGeezer - May 1615 comments
by JakeS - May 157 comments
by Metatone - May 1485 comments
by DoDo - May 1211 comments
by Nomad - May 1014 comments
by Migeru - May 78 comments
by marco - May 782 comments
by Migeru - May 6100 comments
by Ted Welch - May 35 comments
by afew - May 340 comments
by ceebs - May 26 comments
by gmoke - Apr 301 comment
by Frank Schnittger - Apr 3067 comments
by joelado - Apr 2954 comments
by Metatone - Apr 2854 comments
by ATinNM - Apr 275 comments
by ceebs - Apr 265 comments
by Frank Schnittger - Apr 2686 comments