At The Economist, this passes for sensible comment: The snag with using the ESM is that its firepower is limited to €500 billion (of which up to €100 billion is already earmarked for Spanish banks). By contrast the ECB’s resources are potentially unlimited. Unlimited resources? Magic! Why ever didn’t they say so before… There’s a primer to help rethink economics here.
Tag Archives: The Economist
A mob of Britain’s finest eccentrics will gather in central London on February 28th. Their ranks will include outspoken novelists, radical lawyers and fed-up judges. David Davis, an unusual MP who left the shadow cabinet to wage guerrilla war from the backbenches, will be there; so will Shami Chakrabarti, the relentless head of Liberty, a pressure group. Several of those attending can sometimes seem pious; but in a stubborn, deeply English way, many are rather magnificent. The occasion is the […]