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

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

Why is it that public benefits like housing or old age pensions which could be afforded in much less prosperous times are suddenly becoming unaffordable now?

How else is the Ueberklass supposed to get the more it so richly deserves without taking it from the rest of us?

by rifek on Tue Apr 26th, 2016 at 07:36:19 PM EST
[ Parent ]

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

Maybe they should call it 'Qualitative Squeezing' instead?

'The history of public debt is full of irony. It rarely follows our ideas of order and justice.' Thomas Piketty

by melo (melometa4(at)gmail.com) on Wed Apr 27th, 2016 at 02:21:05 AM EST
[ Parent ]

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

"Qualitative Fingernail Extraction"?

by rifek on Wed Apr 27th, 2016 at 03:33:14 PM EST
[ Parent ]

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

But the ECB is certainly not asking Germany to provide the funds for QE! NO! They are just printing the money. If Germany dares to object the ECB can always say: "well, then, please tell the general public that you are preventing us from defending the payment system." As others here have so often noted defending the payment system is the most fundamental job of a central bank. After all, Euros are the liability of the ECB and only the ECB can print Euros - err - effectively.

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

by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Thu Apr 28th, 2016 at 11:10:06 PM EST
[ Parent ]

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

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