Perma-slump and Project | 114 comments (114 topical, 0 editorial, 0 hidden)

Re: Perma-slump And Project (none / 0)

>If the ECB keeps the spread down, it is because of the "Draghi Effect" as it hasn't bought any bonds since 2011.<

A very successful bluff

by IM on Thu May 29th, 2014 at 04:52:29 PM EST
[ Parent ]

Re: Perma-slump And Project (none / 0)

Why did the BVG's ruling have no effect?

A society committed to the notion that government is always bad will have bad government. And it doesn't have to be that way. — Paul Krugman

by Carrie (migeru at eurotrib dot com) on Fri May 30th, 2014 at 05:43:13 AM EST
[ Parent ]

Re: Perma-slump And Project (none / 0)

They didn't rule, they kicked it up to the ECJ.

by IM on Fri May 30th, 2014 at 09:22:04 AM EST
[ Parent ]

Re: Perma-slump And Project (none / 0)

I thought they ruled Germany could not cooperate with the OMT in any case, and asked the ECJ to clarify whether the rest of the EU could.

A society committed to the notion that government is always bad will have bad government. And it doesn't have to be that way. — Paul Krugman

by Carrie (migeru at eurotrib dot com) on Fri May 30th, 2014 at 09:44:42 AM EST
[ Parent ]

Re: Perma-slump And Project (none / 0)

I interpreted the majority decision (6:2) in the way that while they think OMT is illegal and Germany obligate to stop it, they still relegated the decision to the ECJ.

by IM on Fri May 30th, 2014 at 10:25:31 AM EST
[ Parent ]

Perma-slump and Project | 114 comments (114 topical, 0 editorial, 0 hidden)

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