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> This is about "elections cannot be allowed to change economic policy" It reflects the anti democratic perspective of the Eurogroup It just reflects the gener
by zajio1am 7y ago
> This is about "elections cannot be allowed to change economic policy" It reflects the anti democratic perspective of the Eurogroup
It just reflects the general european position on separation of powers. That central bank and its monetary policy should be independent of executive branch of government in a similar manner like supreme court or whole judiciary branch.
It is a position of authoritarian leaders who promote that everything should be under the control of the people (i.e. under their control as people representatives).
- petermcneeley 7y agoIf economic policy is not in the scope of government then you certainly have a very narrow concept of government power. Even the judiciary's only power is to discover inconsistantancy in law. However given that you described elected officials as Authoritarian I would imagine you are simply a libertarian.
- rumanator 7y ago> If economic policy OP stated monetary policy, not economic. Furthermore, Greece's problems were primarily caused by the way Greek governments systematically mismanaged the Greek state, having resorted to a perverse and continuous push for a combination of massive accounting fraud and overspending fueled by collosal levels of sovereign debt.
- petermcneeley 7y agoThe original quote is economic policy not simply monetary policy. This is because Greece was facing an austerity crisis as a result of directives from the euro group.