The 4th February late-night decision by the European Central Bank to reject Greek bank collateral for monetary policy operations will, I confidently predict, precipitate not just a run on Greek banks; not just greater price instability across the Eurozone – but ultimately, the collapse of the fantastic machinery that is the ‘self-regulating’ economy of the Eurozone.

Source: www.socialeurope.eu

Excellent must-read analysis of the ECB’s attack on democracy and Greece.

See on Scoop.itThe Great Transition

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