Wednesday, April 22, 2015

Wednesday roundup (04-22-15)

End the ECB Dictatorship!: The European Central Bank has far overstepped its mandate as a guardian of economic stability. And a backlash is coming. (Foreign Policy)

Germany's brinkmanship over Greek economic woes could prove damaging: They should beware of pressing too hard for reforms – or assuming that they know best about what economic medicine Greece needs so as to recover [Editorial] (The Independent) German finance ministry: 'very limited expectations' of Greece deal at Friday meeting (The Associated Press)

Why Greece May Be the New Lehman: Here we go again. This time it’s Europe’s fault, and the crisis could be worse than last time, at least politically. (Politico)

Timeline: Key dates in Greece's funding talks with euro zone (Reuters)

Bank of England decision to keep 0.5% interest rate was unanimous: All members of monetary policy committee rejected rate rise after previously split votes while analysts say likely coalition negotiations will delay changes (The Guardian)

Home nursing group [in the Netherlands] to slash 2,100 jobs, cut wages (Dutch News)

Bad Buzz: Studies Say Neonic Pesticides Hurt Wild Bees (NBCNews)

     The aim of this blog is to show (mostly from reports in mainstream respected news sources) that there is reason to believe that both the United States and the global economies remain fragile in the wake of the financial crisis of 2008 and that a number of threats exist today that could, if they worsened, bring about economic depression -- not just a minor depression, but a depression worse than the Great Depression. Key threats include excessive risk-taking by financial firms, unchecked by effective regulation; the continued existence of "too big to fail" institutions; and most especially, the amassing of levels of public and private debt which could become unsustainable.

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