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Well, clearly parliament isn't conveying instructions, and clearly the board members don't accept nor solicit instructions.

However, parliament is permitted to voice opinions, and board members are permitted to form opinions, and parliament is permitted, by the text of the rules, to hire and fire board members at its pleasure, so long as the reasons given for the termination is unrelated to policy.

It's obviously a bad faith move, but establishing the precedent that the central bank acting in bad faith is a violation of the treaties would in itself be a valuable sort of outcome.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Fri Jan 2nd, 2015 at 03:42:31 PM EST
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