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The ECB is a part of the european government; but hardly the only one. There is the commission, the parliament, the council, the court. The ECB is not even the most powerful part: The council is equal in power, the court more powerful.

The ECB is not subject to oversight from either. Another piece of obvious and manifest insanity that was instituted at the insistence of Helmut Kohl and the BuBa.

- Jake

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

by JakeS (JangoSierra 'at' gmail 'dot' com) on Mon Aug 15th, 2011 at 05:28:06 AM EST
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