Another Rift Within the ECB Develops

The ECB has been viewed as a elite institution that would impose austerity and  keep the euro together against the wishes of taxpayers who are ultimately on the hook for all the sovereign debt. The taxpayer would also like to have a more democratic process in key decision making.

Well now Orphanides, a central bank policy maker, is siding with taxpayers stating the ECB and Euro Zone leaders should abandon supporting countries like Greece.

Perhaps he will fall victim to the next big sex scandal….

Full article