Tuesday, April 12, 2016

Germany Takes Aim At 
The European Central Bank
Spiegel article on the growing frustration in Germany with the monetary policies of the European Central Bank (ECB) - this confrontation is threatening to become damaging to the euro zone .. "The alienation between Germany and the ECB has reached a new level. Back in deutsche mark times, Europeans often joked that the Germans 'believe in the Bundesbank,' as Germany's central bank is called. Today, though, when it comes to relations between the ECB and the German population, people are more likely to speak of 'parallel universes.' ..  ECB head Draghi doesn't understand why he is getting so much resistance from the country that has profited from the euro more than any other. Yet Germans blame Draghi for miniscule yields on savings accounts and life/retirement insurance policies. Frustration is growing."
LINK HERE to the article

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