A Fistful of Euros notes Spain has many of the same credit- and mortgage-related problems as America does.
And, interestingly, it looks like the European Central Bank may be willing to play a “pawnbroker” role similar to the Federal Reserve. Read the whole post for more.
It’s long and somewhat economically wonky, but very interesting.
And, I’m sure that Germans who feared the loss of bank independence when the Bundesbank was superceded by the ECB are tearing their hair out at the possibilities.
A skeptical leftist's, or post-capitalist's, or eco-socialist's blog, including skepticism about leftism (and related things under other labels), but even more about other issues of politics. Free of duopoly and minor party ties. Also, a skeptical look at Gnu Atheism, religion, social sciences, more.
Note: Labels can help describe people but should never be used to pin them to an anthill.
As seen at Washington Babylon and other fine establishments
March 28, 2008
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