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But if you are willing to fire central bankers, why exactly do you need to break up the eurozone?

Because sacking the board of the ECB is not legal under federal law, and changing the federal law in question requires 50 % +1 of the vote in even the most backwards, recalcitrant member state.

Whereas firing the national central bankers after withdrawing from the Eurozone would require only 50 % +1 of the vote in any state which wishes to adopt a sanity-based policy.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Fri Aug 31st, 2012 at 10:19:22 AM EST
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