Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
But is it legal for the ECB to issue bonds over the objections of the national parliaments? Let's not forget the ECB is owned by the 27 EU National Central Banks and each of these is "owned" by their respective Treasuries who capitalize their Central Banks and receive profits from them.

Economics is politics by other means
by Carrie (migeru at eurotrib dot com) on Mon Sep 12th, 2011 at 08:36:47 AM EST
[ Parent ]

Others have rated this comment as follows:


Occasional Series