Draghi is speaking again today taking the opportunity as he always does to push his central planning infused political agenda:
@ecb Simply stunning how political #Draghi is. #ECB and the #commission are by far the biggest threats to progress in #Europe. #Poverty— Atle Willems (@atlewillems) November 11, 2015
Meanwhile, he is also hard at work creating another debt boom which can only make the damage already done by faulty monetary policies and insane government spending and debt accumulation that much worse. You simply cannot solve a debt problem by creating more debt.
|Picture by The Telegraph|
No amount of "economic and monetary integration", "pooling more sovereignty" and "common governance" can sort out the catastrophic mess the ECB and the commission have created together with governments. In fact, it will only make matters even worse. A good start would therefore be to end ECB's monetary policy making altogether sooner rather than later.