Archive for ecb

Hardcore stuff

Posted in Crisis, current events, Democracy, Economics, Economy, Financial crisis, News, politics, Society with tags , , , , , , , , , on 28/01/2012 by Living out of Eden

As Greece moves towards default, as France, Italy and Spain suffer credit downgrades, and as negotiations over last month’s fiscal treaty reach deadlock, the euro is heading for the rocks and the driving force is becoming clear. The real cause of the euro disaster is not France, Italy or Greece. It is Germany.

The fundamental problem lies not in the efficiency of the German economy, although that has contributed to the divergence in economic fortunes, but in the behaviour of German politicians and central bankers.

Read more in ….

http://www.presseurop.eu/en/content/article/1449971-save-euro-get-rid-germany

 

Democracy vs Mythology: The Battle in Syntagma Square (via sturdyblog)

Posted in Economics with tags , , , , , , , , , , , , , , , , , , , , , , , , , , on 18/06/2011 by Living out of Eden

Democracy vs Mythology: The Battle in Syntagma Square I have never been more desperate to explain and more hopeful for your understanding of any single fact than this: The protests in Greece concern all of you directly. What is going on in Athens at the moment is resistance against an invasion; an invasion as brutal as that against Poland in 1939. The invading army wears suits instead of uniforms and holds laptops instead of guns, but make no mistake – the attack on our sovereignty is as violent and … Read More

via sturdyblog