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User ID: 42569454 Germany 06/30/2013 05:57 AM Report Abusive Post Report Copyright Violation | JPMorgan wants Euro dictatorship The U.S. Banks analysis wants an authoritarian regime for the euro zone. The reason: Some States would not enforce the necessary austerity measures. Civil and labor rights could lead to destabilization. The policy is unable to take the necessary steps to save the euro. [ link to translate.google.de] “In the early days of the crisis, it was thought that these national legacy problems were largely economic: over-levered sovereigns, banks and households, internal real exchange rate misalignments, and structural rigidities. But, over time it has become clear that there are also national legacy problems of a political nature. The constitutions and political settlements in the southern periphery, put in place in the aftermath of the fall of fascism, have a number of features which appear to be unsuited to further integration in the region. When German politicians and policymakers talk of a decade-long process of adjustment, they likely have in mind the need for both economic and political reform.” Yes, you read that right. It’s in dry, banker-ese, but the authors have basically said that the laws and constitutions of southern Europe are a bit too lefty, a product of their having been written by anti-fascists. [ link to homment.com] Niemand |
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User ID: 42569454 Germany 06/30/2013 06:01 AM Report Abusive Post Report Copyright Violation | Re: JPMorgan wants Euro dictatorship The JP Morgan vision for Europe [ link to anotherangryvoice.blogspot.de] Niemand |