Friday, 9 April 2010

IMF: Inflation Maximising Fund

Pretty much spot-on.
The joint rescue between the IMF and the EU would turn the Bundesbank into a "money-printing machine" for the purchase of Greek bonds, according to Rundschau. This would breach the EU's 'no-bail clause'.
And I don't blame the Greeks for taking advantage of the system. They invented anarchy too, after all.

No comments:

Post a Comment