Post Profile






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

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 European Central Bank is becoming dangerously over-extended and the whole euro project is unworkable in its current form, the founding architect of the monetary union has warned.
read more

share

Related Posts


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

Business & Finance / Mortgage & Banking : Mortgage Lender Implode-O-Meter

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 "s...

ECB Chief: It Is An "Illusion" That You Can Solve Greece's Problems With A Debt Restructuring

Business & Finance : Business Insider: Money Game

Greece's problems cannot be solved by just a debt restructuring and it is an "illusion" to think so, according to ECB economics chief Jurgen Stark (via The Telegraph). Stark also warned that a Greek debt restructuring would result i...

Frontrunning: May 27

Business & Finance : Zero Hedge

Former ECB chief economist Otmar Issing: Greece "Cheated" to join Euro (Bloomberg) Fitch cuts Japan credit rating outlook to negative (Reuters) Japan ends 25 months of deflation (Bloomberg) Basel III break for banks in EU (FT) China...

On Using World War 2 Flashbacks To Shame Germany Into Perpetual Bail Outs

Business & Finance : Zero Hedge

Lost in the complete and utter lack of newsflow yesterday (no pun intended) were some comments from Otmar Issing, former chief economist of the ECB. Also a German. Also an advisor for Goldman Sachs. In the absence of Angela Merkel a...

Everything You Need To Know About The Greek Crisis And ECB Fascism In Two Paragraphs

Business & Finance : Zero Hedge

Submitted by Mike Krieger via Liberty Blitzkrieg blog, Yanis Varoufakis just sat down for his first interview since resigning as Finance Minister of Greece. He talked frankly with Harry Lambert of the New Statesman. Here are the two...

Comments


Copyright © 2016 Regator, LLC