Posted by seumasach on January 26, 2012
It really is unusual to read such a sane analysis in the British press!
Philip Stephens
19th January, 2012
I keep hearing people say don’t blame the rating agencies. My first reaction is why not? After due and sober reflection my considered response is why the hell not?
Posted in Battle for Europe | Tagged: ECB, european stability mechanism(ESM), S&P | Leave a Comment »
Posted by smeddum on June 3, 2009
By JOELLEN PERRY
WSJ
JUNE 3, 2009
In a speech on Tuesday in Berlin, Chancellor Angela Merkel expressed ‘great skepticism’ over the clout of central banks and suggested their aggressive moves in Europe, the U.S. and the U.K. might backfire. She is shown here at a rally later in Saarbrücken, Germany, for European Parliamentary elections.
German Chancellor Angela Merkel, in a rare public rebuke of central banks, suggested the European Central Bank and its counterparts in the U.S. and Britain have gone too far in fighting the financial crisis and may be laying the groundwork for another financial blowup. Read the rest of this entry »
Posted in Financial crisis | Tagged: ECB, Financial crisis, Multipolar world, stop the bailout | Leave a Comment »
In These New Times 