|QUOTE (Zugzwang @ Wednesday, Jun 26 2013, 09:35)|
|QUOTE (Stephan123 @ Wednesday, Jun 26 2013, 07:51)|
|QUOTE (sivispacem @ Tuesday, Jun 25 2013, 20:24)|
|QUOTE (Stephan123 @ Tuesday, Jun 25 2013, 17:58)|
| I hope Europe finds justice and brings him into jail. |
So, what's the criminal sanction for ECB-sponsored state financing these days? Oh, that's right, it isn't a criminal offence.
What's wrong about it? That he gives money to de facto bankrupt states and banks, for which all Euro-states have to be liable for. He has no democratic legitimation to do so.
Those eurostates you refer to would be in a much worse spot if it weren't for the ECB- and that includes Germany.
Yes of course, and this is the point where everyone must see, that this sick system would already be dead, if everyone would respect the laws.
But if you refer to the simple people and the mid size companies, it didn't save them. The situation is worse than ever before.
If one would break up the € and give every country a decent debt cut at banks, hedge-funds and private investors costs, every single country would be better of, and the "real" economy of these countries would be in a better shape.