Recent Items  Mosler/Pilkington: The IMF-ECB ‘Plan’ – Fig-Leaf
upon Fig-Leaf  Posted on by  By Warren Mosler, an investment
manager and creator of the mortgage swap and the current
Eurofutures swap contract and Philip Pilkington, a journalist
and writer based in Dublin, Ireland  Politics in the Eurozone
has turned into a strange and tragic farce in the recent weeks
and months. While the peripheral countries continue to judge
successful economic policy on the amount of tax liabilities they
can levy to smother their depressed economies, the big dogs play
various games in which they try to hide their shame behind ever
more sophisticated veils.  Their ‘shame’, of course, being that
the ECB, the issuer of the euro, has to ultimately write the
check in order to fund the peripheral countries whether they
like it or not. Being the liberated fiscal nudists that we are,
we fully embrace such actions, but we recognise that our
brothers and sisters within the Eurocracy may need some time
and, excuse the pun, cover to adj