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Why? Common courtesy. Making passive-aggressive side-swipes does not increase the signal to noise ratio of the comment thread.

But I will try: The governing council of the ECB has 23 members. Only two are german. (You don't really need a link on that, do you?)

So how exactly it is a purely german institution or even dominated by former and current members of the bundesbank?

NATO has 28 members, of nominally equal voting weight. How come it's viewed as an extension of the Pentagon? The other members can just say "no" (many NATO decisions require consensus).

And that's leaving aside the fact that the ECB is legally obligated to pay far closer attention to bullshit BuBa neuroses (and yes, those are BuBa neuroses - those requirements were put in the treaties at German insistence) than NATO is to pay attention to American concerns.

- Jake

Austerity can only be implemented in the shadow of a concentration camp.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Sun Aug 14th, 2011 at 06:48:42 AM EST
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