The EU Stands On the Cusp of a Momentous, Democratically Deficient Decision. Ultimately, Who Will Be Answerable to Whom? At its nadir, the 2008 financial crisis threatened to tear the European Union asunder, yet the wealthier (Northern) nations determinedly resisted pleas to embrace collectivised debt. This time however, the coronavirus pandemic has proven so economicallyContinue reading “What Price Democracy? EU Commission Seeks Unparalleled New Powers.”
Tag Archives: Euro
The Slow Fuse of Euro Destruction is Burning
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”
Eurozone Fiscal Fault Lines
The vexed question of pan Eurozone bond issuance sits at the epicentre of the vainglorious Euro project. No currency area can function coherently or sustainably without a central treasury and the political unity this represents.
BROAD SPECTRUM 