{"id":2661,"date":"2011-10-17T14:04:02","date_gmt":"2011-10-17T12:04:02","guid":{"rendered":"http:\/\/www.poleconomix.gr\/portal\/?p=2661"},"modified":"2011-10-17T14:04:02","modified_gmt":"2011-10-17T12:04:02","slug":"the-ecb-using-a-crisis-to-maximize-leverage","status":"publish","type":"post","link":"https:\/\/www.poleconomix.gr\/portal\/the-ecb-using-a-crisis-to-maximize-leverage\/","title":{"rendered":"The ECB: Using a Crisis to Maximize Leverage"},"content":{"rendered":"<p>Funk Kirkegaard, Jacob.<\/p>\n<p>Paraphrasing Donald Rumsfeld, the former Defense Secretary, you fight a financial crisis with the institutions you have, not the institutions you might want. No doubt Europe went into its current financial and sovereign debt crisis woefully under-institutionalized. In effect, Europe was flying on just one motor\u2014the European Central Bank (ECB), the only institution able to respond powerfully and in real time.<\/p>\n<p><strong>\u03a0\u03b7\u03b3\u03ae: <\/strong>Peterson Institute for International Economics<\/p>\n<p><a href=\"http:\/\/www.piie.com\/realtime\/?p=2447\" target=\"_blank\">\u03c0\u03bb\u03ae\u03c1\u03b5\u03c2 \u03ba\u03b5\u03af\u03bc\u03b5\u03bd\u03bf<\/a><!--nextpage--><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Funk Kirkegaard, Jacob. Paraphrasing Donald Rumsfeld, the former Defense Secretary, you fight a financial crisis with the institutions you have, not the institutions you might want. No doubt Europe went into its current financial and sovereign debt crisis woefully under-institutionalized. In effect, Europe was flying on just one motor\u2014the European Central Bank (ECB), the only [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18,37],"tags":[26,27],"class_list":["post-2661","post","type-post","status-publish","format-standard","hentry","category-18","category-37","tag-26","tag-27"],"_links":{"self":[{"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/posts\/2661","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/comments?post=2661"}],"version-history":[{"count":2,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/posts\/2661\/revisions"}],"predecessor-version":[{"id":2663,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/posts\/2661\/revisions\/2663"}],"wp:attachment":[{"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/media?parent=2661"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/categories?post=2661"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/tags?post=2661"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}