{"id":20698,"date":"2016-05-18T19:08:20","date_gmt":"2016-05-19T00:08:20","guid":{"rendered":"http:\/\/olduvai.ca\/?p=20698"},"modified":"2016-05-18T19:08:20","modified_gmt":"2016-05-19T00:08:20","slug":"another-reason-to-get-rid-of-the-euro","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=20698","title":{"rendered":"Another reason to get rid of the euro"},"content":{"rendered":"<h3 class=\"story-title entry-title\"><a href=\"https:\/\/www.mises.ca\/another-reason-to-get-rid-of-the-euro\/\">Another reason to get rid of the euro<\/a><\/h3>\n<div id=\"right-content\" class=\"relative\">\n<div id=\"content-area\" class=\"left relative\">\n<p>From today\u2019s\u00a0Open Europe news summary:<\/p>\n<p><strong>EUROPEAN COMMISSION CONSIDERING NEW TOOLS TO PREVENT CASH OUTFLOWS FROM FAILING BANKS<\/strong><\/p>\n<p>According to a document seen by the Financial Times, the European Commission is considering proposing a new \u2018moratorium tool\u2019 that would give national regulators the power to freeze payments to bondholders and potentially halt depositor withdrawals in order to prevent huge cash outflows from failing banks before national authorities can intervene.<\/p>\n<p class=\"ecxsources\">Source:\u00a0<a class=\"source\" href=\"http:\/\/www.ft.com\/cms\/s\/0\/fe11824e-1914-11e6-bb7d-ee563a5a1cc1.html#axzz48ni48a66\" target=\"_blank\">The Financial Times<\/a><\/p>\n<p class=\"ecxsources\"><em>This is the typical answer from the elite running the EU and the ECB. When their policies lead to failure, the people\u2019s assets will be seized. In typical Orwellian New Speak fashion, such action will be hailed as the necessary and proper\u00a0solution to the problem.<\/em><\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Another reason to get rid of the euro From today\u2019s\u00a0Open Europe news summary: EUROPEAN COMMISSION CONSIDERING NEW TOOLS TO PREVENT CASH OUTFLOWS FROM FAILING BANKS According to a document seen by the Financial Times, the European Commission is considering proposing a new \u2018moratorium tool\u2019 that would give national regulators the power to freeze payments to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[63,233,279,280,282,2535,284,8262,7617],"class_list":["post-20698","post","type-post","status-publish","format-standard","hentry","category-economics","tag-banks","tag-ecb","tag-eu","tag-euro","tag-european-central-bank","tag-european-commission","tag-european-union","tag-financial-times","tag-mises-institute"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/20698","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=20698"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/20698\/revisions"}],"predecessor-version":[{"id":20699,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/20698\/revisions\/20699"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=20698"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=20698"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=20698"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}