{"id":1901,"date":"2011-11-15T15:45:27","date_gmt":"2011-11-15T20:45:27","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=1901"},"modified":"2011-11-15T15:45:27","modified_gmt":"2011-11-15T20:45:27","slug":"no-one-was-listening","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2011\/11\/15\/no-one-was-listening\/","title":{"rendered":"No one was listening"},"content":{"rendered":"

\u201cCommon responsibility for the European currency will also engender a common decision-making instance for the European economy. It is unthinkable to have a European central bank but not a common leadership for the European economy. If there is no counterweight to the ECB in European economy policy, then we will be left with the incomplete construction which we have today… However even if the building is not finished it is still true that monetary union is part of a supranational constitution… It is our task for the future to work with the appropriate means for the transfer of traditional elements of national sovereignty to the European level.\u201d<\/p>\n

~ Italian President Carlo Ciampi, Frankfurter Allgemeine Zeitung,<\/em> February 8, 2000<\/p>\n

With thanks to Grant Williams (via John Mauldin)<\/p>\n","protected":false},"excerpt":{"rendered":"

\u201cCommon responsibility for the European currency will also engender a common decision-making instance for the European economy. It is unthinkable to have a European central bank but not a common leadership for the European economy. If there is no counterweight to the ECB in European economy policy, then we will be left with the incomplete … <\/p>\n

Continue reading “No one was listening”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[33],"tags":[962,1169,1295,1919],"class_list":["post-1901","post","type-post","status-publish","format-standard","hentry","category-uk-europe-countries-regions","tag-debt-crisis","tag-ecb","tag-euro-zone","tag-italy"],"yoast_head":"\nNo one was listening - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"No one was listening - the patient investor\" \/>\n<meta property=\"og:description\" content=\"\u201cCommon responsibility for the European currency will also engender a common decision-making instance for the European economy. 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