The European Central Bank’s true priorities
April 2, 2016 12:00 am Leave your thoughtsPart 7 in a series of articles by Eric Toussaint - Governments submit to "Too Big to Fail" banks
Eric Toussaint
Part 7 in a series of articles by Eric Toussaint - Governments submit to "Too Big to Fail" banks
Part 6 of the series 'Too Big to Fail' by Eric Toussaint
Part 5 of the series 'Too Big to Fail' by Eric Toussaint
Part 4 of Eric Toussaint's series: Governments submit to "Too Big to Fail" banks
Private banks shamefully enjoy a monopoly of lending to the public sector
On 5 July 2015 the Greek people overwhelmingly rejected the austerity measures imposed by the institutions that were known as the Troika
Governments make gifts galore to private banks
Since 2007, the major Central Banks of the most industrialised countries have lent massively to private banks at very low interest rates in order to avoid their failure
The final part of the series by Eric Toussaint - The Banks and the "Too Big to Jail" Doctrine
Joseph Stiglitz shows that a suspension of debt repayments can be beneficial for a country and its people