FEAR?

Give me control of a nation's money 

and I care not who makes the laws.

 .

Mayer Amschel Rothschild

.

 

 

Parturient montes, nascetur ridiculus mus

Ώδινεν όρος και έτεκε μυν

A Montanha pariu um rato

11. 

All euro area Member States will adhere strictly to the agreed fiscal targets, 

improve competitiveness and address macro-economic imbalances. 

Public deficits in all countriesexcept those under a programme 

will be brought below 3% by 2013 at the latest. 

In this context, 

we welcome the budgetary package recently presented by the Italian government
which will enable it to bring the deficit below 3% in 2012 

and to achieve balance budget in 2014. 

We also welcome the ambitious reforms undertaken by Spain in the fiscal, 

financial and structural area. 

As a follow up to the results of bank stress tests, 

Member States will provide backstops to banks as appropriate.

in STATEMENT BY THE HEADS OF STATE OR GOVERNMENT OF THE EURO AREA
AND EU INSTITUTIONS

Brussels, 21 July 2011

.

painting by Lucien Freud

.

ILLUSION OF CONTROL

Homo Politicus

Homo Economicus

Homo Peregrinus

-People are Myopic

And 

Live In a Cognitive Illusion - said HPo.

-ZIRP - said HEc.

-Oh My Dear Prime Minister

I do Not Agree @ all.

They See Very Well 

and as Much as I Know

They Are Watching Us

Very Attentively.
And it seems more
Liquidity Trap than ZIRP dear Viktor! - HPe.

.

Τρεις Χάριτες

.