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That all sounds sensible, and I can agree with a lot of it (how could I not), but this doesn't convert into lack of independence from the Bundesbank.

*Lunatic*, n.
One whose delusions are out of fashion.
by DoDo on Tue Sep 11th, 2007 at 05:57:03 PM EST
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I don't disagree, but I will point out that the one thing which really hamstrings finance ministries throughout the community is the growth and stability pact, which everyone had to agree to in order to make the Germans (and their tightwad central bankers) happy.

The GSP is the legacy which ensures the Buba's poisoned gift keeps on giving, long after the Buba has (thankfully) gone away.

The Hun is always either at your throat or at your feet. Winston Churchill

by r------ on Tue Sep 11th, 2007 at 06:11:08 PM EST
[ Parent ]


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