CENTRAL BANK FROM THE PORTUGUESE A MISSILE AGAINST THE ECB: AS DO NOT WARRANT THE SOVEREIGN DEBT , AND AN EARTHQUAKE Friday, May 30, 2014 LISBON - The Central Bank of Portugal , in a statement picked up by the Jornal Negocios , writes as the European Banking Union could not reach any of the goals it has set itself. According to the central bank of Lisbon , in fact, many weaknesses of the scaffold was not possible to break the link between the risk of sovereign debt and the bank , which proved so dangerous during the crisis. The banks, according to the note will remain highly dependent on national economies, in a situation in which financial crises have generated an additional concentration of the public debt of the countries in the banking systems of countries in difficulty. The ECB , finally , because it will not be a lender of last resort , the risks remain associated with sovereign debt . The Union does not have the means to avoid the problems of free-riding national legislators and allow these to enact laws favorable to their financial systems , charging the costs to taxpayers or to the banks of other countries, he concluded. The stance of the Central Bank of Portugal - part of the board of the ECB - is an unprecedented gravity in the scenario of the direction of the European Central Bank. And this hard -legitimization of the ECB , judged incapable own by one of the members of the management of the ECB itself , not surprisingly comes days after the overwhelming victory of the Socialist Party of Portugal in the European elections and the crushing defeat of the coalition of parties that support the well- shaky pro- government and pro- EU Troika . In fact, the PSP has in its program an immediate end to the policy set by the EU recessive Portugal and consequently the end of the euro . The signal was made today by the Bank Centered Portuguese. And it is a signal of war against the oligarchs EU in Brussels. Editorial Milan. We thank The Antidiplomatico the news.
Posted on: Tue, 03 Jun 2014 23:37:54 +0000
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