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Merkel Does The Devil's Work | 167 comments (167 topical, editorial, 0 hidden)
Re: Merkel Does The Devil's Work (4.00 / 2)
The central bank supplies reserves to preserve the payments system. It has no choice, bank resolution is a fiscal action.

Finance is the brain [tumour] of the economy
by Carrie (migeru at eurotrib dot com) on Wed Aug 28th, 2013 at 02:53:14 PM EST
[ Parent ]
Re: Merkel Does The Devil's Work (none / 1)
Unless the central bank stages what effectively amounts to a coup d'etat and starts usurping fiscal function.

Particularly if nobody in the government has the balls to call its bluff and send armed goons to its place of business...

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Wed Aug 28th, 2013 at 02:55:39 PM EST
[ Parent ]

Merkel Does The Devil's Work | 167 comments (167 topical, 0 editorial, 0 hidden)
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