Borttaget från Youtube
Nu återuppstått i jag tror olika skepnader. Kanske ryska troll baserade i Turkiet. Döm själv.
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Yanis Varoufakis Home page, probably
Inte helt i min smak.
Tråkigt, han var bra tidigare, tycker jag.
Sidan om eurokrisen verkar dock fortfarande vara bra.
There is no reputable economic theory according to which an economy that has experienced an eight-year-long depression requires a new round of austerity to bring about economic adjustment.
Wolfgang Münchau
https://englundmacro.blogspot.com/2015/07/darfor-avgar-varoufakis.html
När jag letar hittar jag min egen gamla sida om honom
https://www.internetional.se/varoufakis.htm
Se also:
Target 2 and OMT, TPI, QT and
The Pandemic Emergency Purchase Programme
Germany is the largest guarantor of the OMT
Germany is the largest guarantor of the European Central Bank’s credit default insurance, known as the OMT, and provides by far the largest stock of “target” overdraft credit to other European countries, currently €956bn.
Hans-Werner Sinn FT 27 June 2018
Germany, it says, will never accept a “transfer union”. Target 2
The true choice is between the shadow transfer union represented by the mountain of national central bank liabilities that have built up at the ECB — so-called Target balances — and the creation of an economic union that admits the role of fiscal policy in managing economic demand. Philip Stephens FT 12 September 2019
The issue of the increasing TARGET balances was brought to public attention for the first time in early 2011 by Hans-Werner Sinn, president of the Munich-based Ifo Institute for Economic Research. In an article in Wirtschaftswoche, he drew attention to the enormous increase in TARGET claims held by Germany's Bundesbank, from €5 billion at the end of 2006 to €326 billion at the end of 2010, and to the attendant liability risk.[10]
In the German daily Süddeutsche Zeitung he put the entire volume of the TARGET liabilities of Greece, Ireland, Portugal, and Spain at €340 billion at the end of February 2011. Moreover, he pointed out that if these countries should exit the Eurozone and declare insolvency, Germany's liability risk would amount to 33% of that sum, or €114 billion, relating these sums to the other rescue facilities of euro countries and the International Monetary Fund.
Before he made them public, TARGET deficits or surpluses were not the subject of major public attention even though they were disclosed by Eurosystem central banks.[11]
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