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Tag Archive 'ECB'

Sep 10 2008

Achtung! Revolt ahead!

Published by under Europe,Opinion

First published on my old blog on 7/10/2005. 

Of all the things I don’t understand in this world (e.g. black holes, my wife, George Bush) the topic which perplexes me most is why the governments of member states of the EU haven’t yet revolted against the straight-jacket which is the Maastricht Treaty – and specifically the fact that it robbed them of all their power to determine economic policy (here defined as fiscal policy and monetary policy).  [Read on]

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Sep 09 2008

Something has to change

Published by under Europe,Opinion

First published on my old blog on 5/8/2005. 

My gut tells me the European Union (EU) can’t exist with the monetary and fiscal arrangements as they stand now. They are to “country-insensitive”. Amongst others. Somehow, sometime, something has to change.  [Read on]

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Sep 09 2008

ECB independence revisited

Published by under Europe,Opinion

First published on my old blog on 14/7/2005. 

While I’m at it, I should perhaps just finish the chapter on central bank independence (for now…..we’ll most certainly be revisiting this topic in the not too distant future).  [Read on]

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Sep 09 2008

One huge step back for mankind

Published by under Europe,Opinion

First published on my old blog on 6/7/2005. 

Now, now. What I warned against yesterday, happened while I was writing. Unbeknown to me, the EU parliament decided yesterday with 296 votes to 287 votes NOT to support the European Central Bank’s (ECB) view that interest rates should stay where they were.  [Read on]

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Sep 09 2008

Do what I say, not what I do

Published by under Europe,Opinion

First published on my old blog on 5/7/2005. 

The fact that the EU states have lost monetary policy as an instrument for navigating the ups and downs of the short-term business cycle to the European Central Bank (ECB) is disaster enough. 

But this morning a new evil reared its ugly head here in EU land. [Read on]

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