Tag Archives: Euroblown : “To Hell With The Rules” Say Eurozone Members. Maybe Britain Should Be Saying The Same. Far Too Few Brits Are Aware Of Our EU Obligations

John Ward – Euroblown : “To Hell With The Rules” Say Eurozone Members. Maybe Britain Should Be Saying The Same. Far Too Few Brits Are Aware Of Our EU Obligations – 21 May 2012

There is an inverse correlation between imminent poverty and the commitment to the Rule of Law. If ever you doubted that fact, then kop this from Poland’s finance minister Jacek Rostowski: he thinks the ECB should announce its intention to buy unlimited amounts of sovereign debt in the event of a Greek exit from EMU. As to whether this is against EU or ECB statutes, Rostowski describes the fundamental principle underpinning the role of central banking as “a moot point”. Continue reading

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