The German Constitutional Court is once again hearing cases against the European Central Bank. At stake is the control of a powerful institution.
Still looking down on us: nominated ECB President Christine Lagarde Photo: ap
The newly elected Molvanian President Claus von Wagner actually wanted to do good for his subjects, to invest in education and social welfare. But the man’s hands are tied: An arrogant representative of the European Central Bank puts his feet on the table in Wagner’s office and declares that Molwania must cut spending for the good of the financial markets. Otherwise, there would soon be no more banknotes coming out of the machines in his country.