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> just compare - having your own currency, you could have covered the 14% deficit just by printing those money Perhaps most glaring is the ECB's current Quanti
by cyphunk 11y ago
> just compare - having your own currency, you could have covered the 14% deficit just by printing those money
Perhaps most glaring is the ECB's current Quantitative Easing effort to the tune of 1 trillion euros, buying assets and bonds in every country but greece [1]. This devaluing of currency is paid for by all users of the Euro, including greek. And yet it is used to prop up the same banks and countries greek lends from on conditions of austerity?
1. http://www.ecb.europa.eu/mopo/implement/omt/html/index.en.html http://www.ecb.europa.eu/mopo/implement/omt/html/index.en.ht...