German Chancellor Angela Merkel is going down in flames with ECB president Jean-Claude Trichet. Members of Merkel's own party are in a major dispute with the Chancellor about more Greek bailouts. Finland has had enough too. In spite of the Open Revolt Against Trichet wherein German Politicians Demand "Private Creditor Involvement", Merkel is proving to [...]
The feud between ECB president Jean-Claude Trichet and German finance Minister Wolfgang Schaeuble escalated in a major way today with members of German Parliament siding with Schaeuble and against the wishes of the ECB. German Politicians Demand Private Creditors Participate Please consider Germany MPs discuss resolution on Greece aid German members of parliament are discussing [...]
Rather than admit the innumerable mistakes has has made, ECB president Jean-Claude Trichet has continually upped the ante on taxpayers with increasingly risky measures such as loading up the ECB with junk bonds from Greece and Ireland in clear violation of the Maastricht Treaty. Today, in the wake of still more failures of the bond [...]