Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Stuck with the CB governor, but not with the board...

... or the core governance structure.

Ram a law through parliament giving the government the power to replace at will the board of the central bank, and devolve all operational powers to individual board appointees, leaving the president as an empty figurehead position.

The entire construction of an "independent central bank" is a bad-faith nonsense, so treat it as such and dare anybody to point to a particular article of the treaties to justify their objection - on pain of strategic default against and confiscations oftheir Greek assets if they interfere in the internal affairs of the sovereign Greek state.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Thu Jan 1st, 2015 at 04:00:45 AM EST
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