Monday, September 10, 2012

The Euro is Destined to End Badly

"When the “primacy of politics” prevails, the ECB cannot possibly be independent. It is taking orders from EU governments who assert the “primacy of politics” over markets, the principles of the Bundesbank and even the rule of law. After all, it is impossible to count the number of times Maastricht Treaty obligations and EU rules for budget deficits and debt limits have been broken. So the euro is destined to end badly."

- James Turk in a recent interview with Resource, read the full article here: