Monthly Archives: July 2011

THE EURO …….AN OWNERS’ MANUAL WAS LACKING

In the present discussions on the Euro troubles there is little willingness to analyze the causes.Brussels admonishes us to go only “forward ! ” .What was missing in the introduction of the Euroo was an “OWNERS MANUAL” with sufficient warnings to Greek pension funds and banks, to european banks.Lacking was also oversight which could have been contracted out to the IMF (if it could not yet be handled by the EU itself).Several suggestions are made, and at the end even a plea for more Direct Democracy, since representational democracy (via parliaments) had been sleeping.. Continue reading

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