EMerging Equity
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The ECB’s Noose Around Greece: How Central Banks Harness Governments
By Ellen Brown Remember when the infamous Goldman Sachs delivered a thinly-veiled threat to the Greek Parliament in December, warning them to elect a pro-austerity prime minister or risk having central bank liquidity cut off to their banks? (See January 6th post here.) It seems the European Central Bank (headed by Mario Draghi, former managing … Continue reading
Germany Vs Greece: The Very Survival Of The Eurozone Is At Stake
By Michael Snyder Is this the beginning of the end for the eurozone? On Thursday, Germany rejected a Greek request for a six-month loan extension. The Germans insisted that the Greek proposal did not require the Greeks to adhere to the austerity restrictions which previous agreements had forced upon them. But Greek voters have already … Continue reading
Why Argentina Must Learn The Virtues Of Economic Orthodoxy
By Adrián Ravier Orthodoxy is, according to the first definition of the Royal Spanish Academy, “conformity with generally accepted doctrines or practices.” Those in the economics profession and academic discipline have reached a broad consensus about the importance of fiscal balance (in public finances), monetary stability (in macroeconomics, and in the sub-discipline of monetary theory), … Continue reading
