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2015-02-14

The banks in Greece will not open on Monday, I guess


ECB; expansion of so-called Emergency Liquidity Assistance by about 5 billion euros to Greece on Thursday

Bloomberg, Friday 13th 2015



The fact that both /ECB and Greece/ threaten euro destruction is testament to the astonishing mis-construction of the euro itself.

Peter Doyle, an economist and former IMF staffer, FT 10 February 2015

The game is up. It’s time for Greece to leave the eurozone and move on

The stand-off between Greece and the rest of the eurozone will escalate, neither side will blink and the country will default

Allister Heath, Telegraph 29 Jan 2015




1 kommentar:

ProfessorPelotard sa...

Peter Doyles karakteristik av euron är träffande: "It is like a mid-air jumbo jet, flown by a large one-member-one-veto committee, with one wing on backwards"

Men hur i h-e kunde så många ledande politiker och nationalekonomer stötta detta missfoster till projekt? Det är möjligt att det kommer att bli en lika stor fråga för framtidens historiker som utbrottet av kriget 1914.