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Tag Archives: political intervention

Draghi’s awkward memory moment: Not the role of ECB to use its monetary policy to force governments to reform

It is a working psychological survival strategy: one creates a bubble, gets in and lives comfortable and nicely till the end of the days. When the bubble is drawn with bright colors, the protection is almost perfect – especially when these bubbles are institutions like the European Central Bank. Too …

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Three years in IMF, there are still tax “untouchables”: the caste of Greek millionaires

Three years after Greece sought the money of IMF and drained every employee, pensioner and property owner with unbearable taxes, Finance Minister Yiannis Stournaras openly admits: there is still a caste of people the tax authorities do not dare to touch. People with millions in the bank who declare income below …

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