47 sats \ 0 replies \ @xz 23 Oct \ on: Eurozone's Economic Crisis Deepens: ECB Faces Pressure for Dramatic Policy Shift econ
Dear Chrissie.
Back in 20022, when asked about how the enourmous deficit on the ECB balance sheet will be balanced, you said "it will come." Well. We are still waiting here. All we see are increases to the ECB balance sheet, fiscal devaluation, and destruction of purchasing power of the Euro.
But I'm writing today to tell you this. We need dramatic interest rate cuts. Preferably to minus infinity. We need to give as much money as people need, stat. And all the time please, indefinetly. I'd be especially grateful if you could make sure you are doing your job and distributing as much wealth to any bank that might need a capital injection, and without doubt, any ECB ancillliary organization, ECB's friends and their pets.
Please make sure you do this, to ensure the cost of goods keep increasing for European people but we all have as many Euros as we can.
Thanks,
Europe