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"Consistency is the hobgoblin of small minds!" --- especially on a matter as important as money.

Perhaps the problem is the name -- European Central Bank. People fail to understand two crucial factors:

  1. The center is Germany.
  2. It is not a "common" bank, as in "acting in the common interest of all citizens of Euro-zone nations. It is an elite bank, as in "acting in the interests of the monetary elite, primarily German.


"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Wed Mar 2nd, 2011 at 09:21:03 AM EST
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