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who is single-handedly blocking the potential use of BCE power to act as lender of last resort and in so doing go a very long way in resolving the present crisis.

You can say all you like that there is no longer a Bundesbank (which, of course, isn't true, there still is a Bundesbank) and that somehow this means Germany is not responsible for blocking solutions to the crisis its own mercantilist policies have created, via BO imbalances, in the Eurozone, but just saying so doesn't make it true.

And, as far as declaring another person's contribution here is ill-informed and essentially being simply that of an apologist for the corruption of the Greek elite and its willing voters, I would say you simply don't know what you are talking about with respect to the realities of Greek political history, a good survey to be found here:

 http://newleftreview.org/?page=article&view=2924


Fai de bèn a Bertrand, te lou rendra en cagant

by redstar on Tue Jan 31st, 2012 at 04:30:09 AM EST
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