<?xml version="1.0" encoding="UTF-8" standalone="yes"?><oembed><version><![CDATA[1.0]]></version><provider_name><![CDATA[PAXsims]]></provider_name><provider_url><![CDATA[https://paxsims.wordpress.com]]></provider_url><author_name><![CDATA[Rex Brynen]]></author_name><author_url><![CDATA[https://paxsims.wordpress.com/author/rexjbrynen/]]></author_url><title><![CDATA[Playing at the Eurozone&nbsp;crisis]]></title><type><![CDATA[link]]></type><html><![CDATA[<p>How could we have missed this? Last month the European Central Bank has recently launched an iPhone and iPad version of its monetary policy game <a href="http://www.ecb.int/ecb/educational/economia/html/index.en.html" target="_blank">€conomia</a>.</p>
<p>The actual game is flashy (with catchy music too), but at its core very simple indeed: you simply adjust interest rates to keep inflation under control. That&#8217;s it. You needn&#8217;t worry about the deficits of Eurozone member states, global economic recession, debt servicing, or a contagious lack of confidence among European bondholders—apparently, that&#8217;s all fine. You certainly don&#8217;t need to worry about massive bail-outs, European crisis meetings, the IMF, or Greek and Italian domestic politics. Every year, your expert group of European Central Bank officials (pictured below) stand ready to offer you advice.</p>
<p><a href="http://prrnblog.files.wordpress.com/2011/11/advisors.jpg"><img title="advisors" src="https://prrnblog.files.wordpress.com/2011/11/advisors.jpg?w=614&#038;h=458" alt="" width="614" height="458" /></a></p>
<p>From the look of them, that may explain something about the current Eurozone crisis&#8230;</p>
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