Be it a text, a facebook post, or a twitter update, or maybe you’re a person of few, yet concise words, a lot of us like to pack as much information into as little space as we can these days.
So, let’s see if we can turn your skills of conciseness into explaining how the EU works. We’ve got two €25 iTunes (work in Ireland only) vouchers up for grabs for the two people who can best describe what the European Central Bank does in 140 characters or less. With all the bailout talk everyone should be experts by now.
You can post your answers in the comments below or on twitter using the hashtag #talktoeu
And the winners are…
@Chris_BG who entered via Twitter – “ECB prints your money, tackles inflation, sets the interest rate in the Eurozone and makes the Euro possible.”
Niamh Barron for her answer below.
Thank you all for entering.
it implements monetary policy,determines interest rates,controls the nation’s entire money supply,manages the country’s foreign exchange and gold reserves and the Government’s stock register
It tries to keep inflation low; has exclusive authority to issue euro banknotes; monitors banking sector; houses foreign reserves; kicks ass
I don’t think its monitoring of the banking sector has proved very effective. The bad Irish banks passed the stress tests, and now look where we are.
The ECB dictates conditions to Ireland on how to solve the economic problems which were created by membership of the Eurozone.
Made up of the heads of the Central Banks in the Euro area, this body is charged with controlling inflation within the Euro area by setting interest rates.
It keeps interest rates disastrously low to benefit its masters in Berlin, creating a devastasting bubble/crash in Ireland which it then demands hands over its sovereignty to the EU/IMF.
I agree having such low interest rates fooled the ordinary citizens into thinking that money was in abundance , But the European central bank should have been monitoring this situation as well as the Irish government when they seen ordinary people having to pay up to 10 and 12 times there annual income for there homes and 15 yrs earlier people were only paying up to 4 times there annual income the ALARM BELLS should have been going . That was the time for the I.M.F to be coming to town
”…who can best describe what the European Central Bank does in 140 characters or less.”
Oh that’s easy.
The Snake Pit of global tyranny, where the Hounds of Hades snarls at the people of the earth.
1. Establish unionization of sovereign nations to create interdependency.
2. Establish currency to said union depolarizing power and wealth of former sovereign nations to the elite running the union.
3. Dance to the whims of higher echelon powers and watch your country cascade into the deepest depths of depression and tyranny.
The ECB attempts to apply the same monetary policy to diverging economies, thereby creating unemployment, poverty and misery.
The EU is a group of non-elected entities, whose job it is to ensure the enslavement of all European people by supporting an immoral FIAT Monetary system controlled by the Banking elite. In short the EU is another criminal enterprise not wanted by most thinking Europeans.
EU, ECB. There really is no difference, only in the mask it projects outwardly.