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bubbleturbo

Ecb President Super Mario Has No Credibility

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Just read this piece in todays torygraph by Liam Halligan. It goes as far as to call Mario Draghi, the ECB president a stooge. At least not all journalists are on the Goldman Sachs / gubbernmint payroll.

An excellent article IMO and well worth a read:

http://www.telegraph.co.uk/finance/economics/11367615/Central-Bank-trickery-without-real-reform.html

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He certainly has no mandate from the people of Europe to run the European union for the benefit of bankers.

That has been shown tonight.

Edited by TheCountOfNowhere

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In particular, he is not staying within his (ECB) competences which are for price stability, and NOT for economic policy. Direct state financing is a NO-NO. Prices are fairly stable in the EU, if +2% inflation is acceptable, -2% should be acceptable as well. Furthermore, he should "see through" the dip in oil prices.

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Best article in the DT for a long time.

But my god you have to sift through months of shi7 to find it.

Lets hope this Greece election brings things to a head im tired of their fantastic ability to kick the can down the road.

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