Post Profile






Euro 'house of cards' to collapse, warns ECB prophet

Prof Issing lambasted the European Commission as a creature of political forces that has given up trying to enforce the rules in any meaningful way. "The moral hazard is overwhelming," he said.   The European Central Bank is on a "slippery slope" and has in his view fatally compromised the system by bailing out bankrupt states in palpable violation of the treaties. "The Stability and Growth Pact has more or less failed.
read more

share

Related Posts


Warning Sign In Europe, As Bank Approaches ECB To Buy Dollars

Business & Finance : Business Insider: Money Game

A bank approached the European Central Bank to borrow dollars in violation of a major lending taboo, according to FT Alphaville. Banks systematically approach the ECB to temporarily borrow euros, but avoid asking for dollars unless ...

A Whole New Level Of Moral Hazard: China Will Use Public Funds To Cover Any Venture Capital Firms' Losses

Business & Finance : Zero Hedge

It should surprise nobody that when it comes to perpetuating the global central bank "put", China - which is at daily danger of having its house of trillions in non-performing loan card collapse at any moment - has perfected moral h...

Europe's banking plan gets cool response

Business & Finance : Business Report

The European Commission unveiled sweeping plans for the European Central Bank to supervise all euro zone banks. ||| The European Commission unveiled sweeping plans for the European Central Bank to supervise all euro zone banks on We...

Euro 'house of cards' to collapse, warns ECB prophet

ECB's First Chief Economist Warns: The EU Is A "House Of Cards"

Business & Finance : Zero Hedge

Submitted by Mike Krieger via Liberty Blitzkrieg blog, None of the following about the EU will come as a surprise to most of you, but the language used by Otmar Issing is nevertheless pretty remarkable. The Telegraph reports: The Eu...

Comments


Copyright © 2016 Regator, LLC