ECB Independence, Then and Now | 27 comments (27 topical, editorial, 0 hidden)

Re: ECB Independence, Then and Now (4.00 / 2)

Mario Draghi didn't take it too kindly and replied that the ECB isn't into the sole business of preserving German savers' assets

Never-ending transfer of economic power upwards is the only goal, German savers' assets being undermined is just unconvenient because German politicians has claimed that they would not be.

By blaming everything but the cold weather onto the ECB loose money, Schaüble et fellow politicians are drawing attention away from the cause: the ECB is using the loose money and low interest rates methods because the Eurozone states, led by the German government, refuse to use the budgetary tools. Without enough budget for maintenance and upgrades, German infrastructures are aging, not to mention airport construction projects...

But the ECB is also the muscle behind the Commissions threats to any state that dares use fiscal stimulus.

ECB blames the states, Germany blames ECB. What can they ever agree on?

Well, there is this:

"If you want the real economy to grow, there are no shortcuts which avoid reforms."

by fjallstrom on Mon Apr 25th, 2016 at 04:36:44 AM EST

Re: ECB Independence, Then and Now (none / 1)

Ah yes, Reform^TM, that old chestnut...

And it's not only the CDU:

Germany′s populist AfD party wants France excluded from common European currency | News | DW.COM | 24.04.2016

"We can have a common currency with the Netherlands, Austria, Finland or Baltic states. They have similar cultures of stability like ours," Joerg Meuthen, the co-leader of the Alternative for Germany (AfD) party, told the daily Frankfurter Allgemeine Zeitung in an interview to be published on Monday.
The AfD leader told the paper that the political culture of France and the southern European states was different from Germany's. "They don't want austerity at all," Meuthen underlined.

The AfD's deputy leader Alexander Gauland shares Meuthen's views on the exclusion of France and the southern European countries from the eurozone.
"No one wants to throw France out. But France is certainly a political problem. And for that, I have no solution," Gauland said.

by Bernard (bernard) on Mon Apr 25th, 2016 at 03:35:54 PM EST
[ Parent ]

Re: ECB Independence, Then and Now (none / 0)

"We can have a common currency with the Netherlands, Austria, Finland or Baltic states. They have similar cultures of stability like ours,"

Apparently no one has told these neostormtroopers that Finns and Estonians aren't Aryan. Learning that people can be blonde yet "impure" would make their little, acephalic heads explode.

by rifek on Tue Apr 26th, 2016 at 07:47:01 PM EST
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Re: ECB Independence, Then and Now (none / 0)

Wait until they find out that Lithuanian and Latvian are Ural-Altaic Languages. I am sure they have never heard of linguistic replacement.

"It is not necessary to have hope in order to persevere."

by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Tue Apr 26th, 2016 at 11:53:02 PM EST
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Re: ECB Independence, Then and Now (none / 0)

Perhaps they just want to go back to cosy old East Germany, with a Prussian outlook towards the East...

Index of Frank's Diaries

by Frank Schnittger (mail Frankschnittger at hot male dotty communists) on Wed Apr 27th, 2016 at 05:22:42 AM EST
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Re: ECB Independence, Then and Now (none / 1)

Well they have the paranoia part down.

by rifek on Wed Apr 27th, 2016 at 03:34:20 PM EST
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ECB Independence, Then and Now | 27 comments (27 topical, 0 editorial, 0 hidden)