Wrong way round! ECB allows Governments to delay or abandon any structural reforms by bailing them out, keeping rates at absurd levels and effectively stealing from Savers - most of them low or middle income citizens that benefit little from the asset bubble the Central Banks create.
Governments Have Put the ECB in a Bind
Trump Says New Iran Negotiations Will Start Monday. A 3-Way Deal with Oman?
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Here's another batch of TACO-related rumors to ponder.
4 hours ago
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