Greek Progressive Economist Yanis Faroufakis sees progress in new discussions about Eurobonds by the bureaucrats in Brussels. But there are serious flaws in their proposals; chiefly that their plans require treaty changes which could not be delivered in the time left even if member states could be persuaded to agreed to them.
My goodness, have things come to this? The normally circumspect Ambrose Evans Pritchard writes in the conservative UK newspaper The Telegraph as follows… “Having followed the German political scene closely for the last five months, it is clear to me that almost the entire German political establishment is out of its depth, ideological, sometimes smug, [...]
The Irish economy needs stimulus and the most effective way to do this is to implement an immediate jobs program backed by newly issued, low-yield tax-backed Jobs Bonds. This will provide the financing necessary for such a program without adding to Ireland’s already substantial interest burden. [...]
Jobs Now, End forclosures, jail the banksters
It’s also worth noting that when the ECB funds Greece, that funding facilitates Greek purchases of German goods and services, including military, at no cost to the German taxpayer. [...]
Is the success of 'Occupy Wall Street' just wishful thinking on behalf of weary commentators? See this assessment of the initiative by Mark Engler in the Energy Bulletin.