Karl-Friedrich Israel: The ECB Has Failed

Tags: The Fed, Global Economy, Money and Banks

07/17/2015 Karl-Friedrich Israel Jeff Deist

Karl and Jeff discuss the current situation in Greece from Karl’s perspective as a German. Old hostilities between the north and south in Europe are being inflamed, which calls into question the entire purpose of the Eurozone.

Would Greece be better off simply leaving the Euro and resurrecting the drachma? Would the less profligate Eurozone nations cheer this? And has the ECB failed as miserably as the US Fed in creating price stability?

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