Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
As long as the member states retain the ability to regulate their own financial corporations, nothing prevents them from setting up a de facto central bank and using it to fund their own debt issues.

Sure, it's blatantly against the treaties, but the thing about fines is that if you have a dependent central bank, you can print money to pay them with.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Sun Jun 6th, 2010 at 05:29:05 PM EST
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