By creating the European Central Bank, the member states exposed their own government bonds to the risk of default. Developed countries that issue bonds in their own currency never default, because they can always print money. Their currency may depreciate, but the risk of default is absent.
George SorosRelated topics
absent bank central currency government money risk statesRelated quotes
You can make more money on unemployment than you can going down and getting one of those jobs that is an honest job, but it doesn't pay as much. And so, that's what's happened to us is that we have put in so much entitlement into our government, that we really have spoiled our citizenry and said you don't want the jobs that are available.
Sharron Angle
Up against the corporate government, voters find themselves asked to choose between look-alike candidates from two parties vying to see who takes the marching orders from their campaign paymasters and their future employers. The money of vested interest nullifies genuine voter choice and trust.
Ralph Nader
