Political Union must precede economic union, justly and democratically created, not enforced by fiat from Brussels.
Printing fiat Euros won’t solve Europe’s malignant problems.-J.B. Schuettler
ECB President Draghi Reaches for the Bazooka
By Stefan Kaiser in Frankfurt
European Central Bank President Mario Draghi has taken a bold step this week to contain the euro crisis. The ECB is now planning unlimited bond purchases in order to prevent an escalation of the euro’s woes. The step marks a fundamental shift in efforts to save the common currency — and comes with plenty of risks.