Quote:
Originally Posted by Skybird
German Central Bank president Weidmann just made a good suggestion that I support, but that will make him many enemies in politics. He said that banks should be forbidden to finance national states. An end to state bonds.
What...? No more living on tick? No more infinite debt raising, debt reshuffling, debt-refinancing? Well, that is reasonable, and I think the same way. But in practice this has no chance to ever become true. Politicians will bury it immediately.
Soopaman, better hold Britain responsible for her economic policies and finances. Germany has not told thew Brits to make debts and more debts and more debts. Those criticising German all the time just demand that the "new debts to finance old debts" should be going on forever. Which is denial of reality, of course. BTW, Germany itself does the same already, although we have had a record tax collection - we still increase debts again.
So stop that blame game. Every nation is responsible for its own debt policies and rotten state finances and rotten political systems: Germany for it's own, and Britain for hers.
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Does Germany have much money left to bail out the Greeks again Sky?
I should imagine the German people are quite annoyed at what there money is being spent on atm.