The Silent Anschluss: Germany Formally Requests That Greece Hand Over Its Fiscal Independence

Once when we were on holiday in Greece on the Island of Crete we visited a restaurant to have a drink we were sitting outside and it was a warm and beautiful night and we were talking to some of the locals. One of the people we were talking too asked if we were Germans […]

Behold The New Anschluss: ECB’s Paramo – “Prepare To Give Up Significant Sovereignty”

From Zero hedge: The only quote worth noting from the just delivered speech by ECB executive board member José Manuel González-Páramo is the following: “We cannot completely delegate governance to financial markets. The euro area is the world’s second largest monetary area. It cannot depend solely on the opinions of ratings agencies and markets. It […]