one could ROTFL. (TD till death ;() Really I posted that the central bank is not allowed to finance states. Well fact is the EZB has bought bond on the secondary markets. Well obviously for lawyers this makes a "big" difference. The economic...
I don't know why but my last entry is gone. It was a message to Mr Draghi: Here are the relevant part of the rules for the ECB: Alticfe 104 1. Overdraft facilities or any other type of credit facility with the ECB or with the central banks of the...
Mrs Lagard will follow Strauss Kahn. http://mises.org/Community/blogs/fdominicus/archive/2011/05/23/thanks-but-not-to-mrs-lagarde.aspx Oh well now we have another potential defrauder and definitive a centralist at the top if the IMF. Now I bet Greece...