The German Constitutional Court (Verfassungsgericht) ruled the European Central Bank’s mass bond buying programme is in violation of German law (grundgesetz) and in breach of EU treaties. The ruling, made in Karlsruhe, Baden-Wurtemberg states that the ECB, in purchasing over €2.2 trillion of government bonds since 2015 has “manifestly” flouted EU treaty and exceeded itsContinue reading “The Slow Fuse of Euro Destruction is Burning”
Tag Archives: crisis
Bank of England Prophesy Worst Economic Slump in 300 Years.
Bank Publishes Deeply Despondent Economic Forecast for 2020. Optimistic Predictions For Recovery Are Made Through A Glass Darkly The UK economy will contract by 25% in the Second Quarter 2020 the Bank of England cautioned today, before staging a recovery “relatively rapidly” through the second half of the year, assuming lock down restrictions are significantlyContinue reading “Bank of England Prophesy Worst Economic Slump in 300 Years.”
BROAD SPECTRUM 