What Haering vs. Hessischer Rundfunk will imply for the legality of a parallel currency

March 31, 2020 | On 15 June, as part of the Häring vs. Hessischer Rundfunk case, the European Court of Justice will rule on the conditions under which governments may restrict the use of the legal tender of the euro area. There is a lot at stake, not only for my campaign to obstruct the campaign to abolish cash, but also for the survival of the European Monetary Union.

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EU-Parliament wants Trichet removed from ECB-ethics committee (corrected version)

Yesterday, the EU-Parliament adopted a report, which calls on the ECB “to ensure that the Ethics Committee is not chaired by a former president of the ECB” and stresses that the president or board members of the ECB should not be members of the G30 or other groups which include executives from banks supervised by the ECB.

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Jean-Claude Trichet cannot be chairman of the ECB’s ethics committee any longer

The EU Ombudsman has issued her judgement that it constitutes maladministration on the part of the ECB that they have been letting their president, Mario Draghi, be a member of the private club of bankers G30. It would be an insult to the European people, if former ECB-president Jean-Claude Trichet, long-time chairman of said club G30 and its current honorary-chairman, would continue to serve as the chairman of the ethics committee of the ECB.

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The Curious Silence of the British Media Regarding Mark Carney and the Secretive G30

The governor of the Bank of England, Mark Carney has at least two things in common with Mario Draghi, the president of the European Central Bank (ECB): He worked for Goldman Sachs before becoming a central banker, and he is a member of the Group of Thirty. The EU-Ombudsman has just called it maladministration on the part of the ECB to let Mario Draghi be a member of that secretive bankers’ club. This should invite the question: What about Mark Carney and the Bank of England? The British press, apparently, couldn’t care less.

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The ECB resorts to omissions, half-truths and misrepresentations to defend Draghi’s G30-membership

The ECB has answered questions posed by the European Ombudsman to president Mario Draghi regarding his membership and his participation in closed-door meetings of the Group of Thirty (G30), a Group in which the world’s most central bankers and commercial bankers comingle. The 17-page reply manages to evade several questions, is quite selective in the information given and even contains some false statements.

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