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The entire German political establishment appears to agree that the ECB is configured as it should be. Central bank independence, interpreted fundamentalistically as a prohibition of monetary financing of fiscal policy, is part of the German basic law. No promiment German politicians question austerity, and most economists who do are in "exile".

What you propose will be done over Germany's dead body.

I distribute. You re-distribute. He gives your hard-earned money to lazy scroungers. -- JakeS

by Migeru (migeru at eurotrib dot com) on Wed Feb 13th, 2013 at 04:36:12 PM EST
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