Aufsätze Ökonomik

Aufsätze Pädagogik

Aufsätze Sozialethik


Prof. Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.

Abhandlungen über Johann Heinrich Jung-Stilling

Nachtodliche Belehrungen zur Ökonomik

Nachtodliche Belehrungen zu Persönlichkeiten

Nachtodliche Belehrungen zur Philosophie

Nachtodliche Belehrungen zur Theologie

Nachtodliche Belehrungen zu verschiedenen Themen


Deficit financing prohibition (no-bailing-out clause)

The ECB may not grant any loans to governments or quasi-governmental entities in the EU, including by way of underwriting debt instruments. This is explicitly stated in Article 123 TFEU and in Article 21 of the “Protocol on the Statute of the European System of Central Banks and of the European Central Bank” annexed to the TEC. – See fear, perverse, presumption, central banking, fear, perverse, buyouts, central banking, bailout, balance sheet adjustment, European Monetary Union, fundamental error, ECB sin, sovereign debt repatriation, redistribution, central bank-induced, contract compliance, path inflation, central bank credit, public.

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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
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