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Tagged: Greece

The “Markets” control of Sovereign debt of Greece and other Eurozone countries poses a threat to financial stability Recent data on the state of the global economy indicate clearly that the crisis is not over. Contrary to earlier   assessments it now appears that in the years to come the developed economies are bound to […]

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In a late summer interview to Bloomberg ,  Weber resumes his campaign to destabilize the Eurozone. His vision of a Decoupled EMU will see Greece exit  the Eurozone. It is summertime and Axel Weber, the powerful president of the Bundesbank decided that it is time to remind the world of his existence in an interview on […]

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Trying to please the Markets will not work.  In a democracy public debt (in the domestic currency) is formally and institutionally the obligation of the nation to its citizens guaranteed by the very same citizens. The “citizen-creditor” is both the lender and the obligor. That is why the Bank of International Settlement, [BIS] which formulates […]

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