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Friday, February 6, 2015

Will the OMT Program Turn the Eurozone into a 'Transfer Union'?

ECB.jpg Home Page News Page Is ECB OMT bad for the EU? The European Central Bank (ECB) symbolises the strange mix of politics and technocracy that marks EU governance. The bank was pushed to centre stage by the Eurozone debt crisis and the unwillingness or inability of Europe’s national governments to come up with timely solutions. Its rise as a political actor started while it was led by Jean-Claude Trichet, but it has become much clearer under his successor, Mario Draghi. The European Central Bank (ECB) symbolises the strange mix of politics and technocracy that marks EU governance. The bank was pushed to centre stage by the Eurozone debt crisis and the unwillingness or inability of Europe’s national governments to come up with timely solutions.  See Also links url:  http://www.economywatch.com/features/The-Impact-of-the-ECBs-Decisions-Regarding-Greek-Debt-Largely-Confined-to-Greece.02-05-15.html Title:  The Impact of the ECB's Decisions Regarding Greek Debt Largely Confined to Greece See Also type:  Reference read more


READ THE ORIGINAL POST AT www.economywatch.com