Einfach nur erholen“ – in Fügenberg, in der Bergnatur hoch über dem Zillertal, dreht sich im Viersternehotel Waldfriede alles um das Wohlbefinden von Körper, Geist und Seele. In der kleinen, feinen Panorama-Wellnessoase ist es ein Leichtes, zur Ruhe zu kommen. Der Blick auf die wunderschöne Landschaft rund um das Hotel und das imposante Bergpanorama schenken neue Kraft und innere Harmonie. „Energie pur im Genusshotel über den Dächern von Fügen“ weiterlesen
von Immo H. Wernicke
A record of cumulated claims of the German Central Bank in the EURO-system of almost EURO 1,000 Billion has been reported by the President of the European Central Bank (ECB) Marion Draghi. The new TARGET 2-report has enhanced again a crucial political dispute on the dimension of the risks and the negative impact of the monetary policy of the ECB on German taxpayers, if debtor countries like Italy and Greece fail to reimburse their liabilities. Mario Draghi, however, argues that the present disparities in the EURO-zone have mainly a technical dimension resulting from the settlement of cross border payments, which are operated by the digitized TARGET 2-system. The implied risks and the negative impact of the ECB policy seem to be neither made adequately transparent nor sufficiently assessed. The poor transparency and control of the banking system has once motivated Murray N. Rothbard from the Austrian Economic School to express his general critics on the banking system in his publication “Mystery of Banking” decades ago. A reprint of the book was published in the year of the financial crisis.