JW Mason has another take on Krugman's column.

http://slackwire.blogspot.com/2012/06/pain-is-agenda-method-in-ecbs-madness.html

"It's a tenet of liberalism -- and a premise of the conversation Krugman
is part of -- that there are conflicting opinions, but not conflicting
interests."

"... what Krugman presents as a vague, speculative story about the ECB's
motives -- that they want to hold politicians' feet to the fire -- is,
on the contrary, exactly what they say they are doing."

---------

Why don't these guys use plain language. This is a naked power play pitting 
whole nations and their national interest against ECB power to be the 
determiner of their fate. 

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