“The Guardian: Bank of England governor attacks eurozone austerity…”

Hallo, Fräulein Merkel and Brusselocrats, are you listening?!

The Guardian: Bank of England governor attacks eurozone austerity. http://google.com/newsstand/s/CBIwqumLtCA

Mark Carney says eurozone is caught in a debt trap and should ease hardline budget cuts just days after the Syriza election directly challenged policy.


Photograph: Andy Rain/EPA

Carney’s remarks come just three days after the election of the Syriza-led government in Greece presented a direct challenge to the austerity policies championed in the eurozone by Germany’s Angela Merkel.”

2 thoughts on ““The Guardian: Bank of England governor attacks eurozone austerity…”

  1. You are posting about some interesting news.
    I don’t usually take sides in these sorts of economic debates. It seems that every position has an equally plausible and logical counter position. But I am interested in how this experiment of different governments with the same currency works out.

    I am also interested in the upcoming negotiations between Greece and the EU. [Popcorn in hand.]


    1. In my oppinion a single currency virtually exists where free trade agreements are in place, nevertheless, the euro’s viability is dictated by a political union which in reality works only if sustained by a dictatorial, draconian socio-political dictatorship. But since independent democracies like the EU members will never succumb to any such attempts, especially when they come from a country like Germany, with a well known, dubious attitude towards leadership. They may act like accepting it for a while, but when statistics start showing the real problems and the whipping begins, it all starts falling appart. The euro is a Utopian dream, sustainable only by a dystopian practice, no one will ever willingly accept.
      I’ve prepared my popcorn too…


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