Politics and monetary policy in Europe have departed from the principles that were once the guarantors of success for the continent. The financial crisis and its seemingly endless aftershocks have led a confused and overwhelmed elite at the levers of power to seek refuge in state planning, intervention, and bureaucracy. Above all, the monetary policy under Mario Draghi as head of the European Central Bank has evaded any control. In the pursuit of saving the euro, it has degenerated into unrestrained state financing. The outcome is foreseeable: a monetary crisis and catastrophe loom on the horizon, the likes of which have not been seen in history. The policy of cheap money has not only set in motion a gigantic redistribution machine from North to South but has also eroded bank profits and led to massive consequences.
Language | German |
Author | Markus Krall |
Number of pages | 208 |
Book cover | Hard cover |
Year | 2017 |
Item number | 6513120 |
Publisher | Finanzbuch |
Category | Reference books |
Release date | 7.6.2017 |
Language | German |
Author | Markus Krall |
Year | 2017 |
Number of pages | 208 |
Book cover | Hard cover |
Year | 2017 |
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