The sovereignty of the countries includes the debt of the country, which means that the country should be able to deal with that debt on their own, not being dictated by Brussels. I would almost call it criminal. It has nothing to do with the healthy banking system anymore, Peter Koenig, economist and former World Bank staff, currently based in Zürich, Switzerland, told Radio VR. The European Central Bank has taken control over 80% of the Eurozone banking sector. What could be the implications of the move, largely seen as a bold anti-crisis measure? Follow the link to listen to the full interview on Burning Point program:
Posted on: Sat, 08 Nov 2014 12:07:41 +0000
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