Where are they going to find over 2 trillion when they couldn't manage it before?... The EFSF cant manage to raise money.. The Germans are against Eurobonds and Printing because it is unconstitutional..... The IMF is not a tool to be used like this and the shareholders will not allow it....Tell us where are they are going to get the money from !!!...Torn between the need for stability and the desire for solidarity, EU leaders have to find an immediate fix for the broken euro zone and embrace a longer-term plan for fiscal union by Friday night. Portuguese premier Pedro Passos Coelho set the tone for the week in an interview on Sunday: "We have to find a response, a much stronger response than so far. If we don't, clearly that could represent the end of the European Union." Senior opposition politicians put severe pressure on French president Nicolas Sarkozy and German chancellor Angela Merkel ahead of their pre-summit talks in Paris on Monday to approve a "grand bargain" or, at least, workable plan that will gain the support of partners such as the US. Timothy Geithner, Treasury secretary, will be in Europe for talks all week. Sarkozy's main opponent in next spring's presidential election, socialist leader François Hollande, accused him of caving into German demands for a new EU treaty on budgets that was bound to fail, exacerbating French weakness in an unbalanced relationship with Berlin and ignoring the need for immediate solutions. "We cannot wait," he told Le Journal du Dimanche, setting out his stall for a "pact of governance and growth," greater scope for intervention by the European Central Bank, turning the bailout fund, the EFSF, into a bank "to help out the most vulnerable countries" and huge investment in infrastructure. At the social democrats' (SPD) congress in Hamburg, ex-chancellor Helmut Schmidt warned Merkel against a "show of strength" or leadership role for Germany that would simply isolate it. CONCLUSION : The Euro zone crisis is demonstrating what any sub A level economics student should have said when the Euro was launched - you can not have monetary union without central fiscal policy control. So events have proved. Hence the choice is clear. Either the Euro zone breaks up or Europe is ruled by Germany.
Access Investments-Building Awareness - European Union-ROMANIA
Monday, December 5, 2011
Let us all fervently pray for a failure to find a solution so that we can have the end of the European Union.
Where are they going to find over 2 trillion when they couldn't manage it before?... The EFSF cant manage to raise money.. The Germans are against Eurobonds and Printing because it is unconstitutional..... The IMF is not a tool to be used like this and the shareholders will not allow it....Tell us where are they are going to get the money from !!!...Torn between the need for stability and the desire for solidarity, EU leaders have to find an immediate fix for the broken euro zone and embrace a longer-term plan for fiscal union by Friday night. Portuguese premier Pedro Passos Coelho set the tone for the week in an interview on Sunday: "We have to find a response, a much stronger response than so far. If we don't, clearly that could represent the end of the European Union." Senior opposition politicians put severe pressure on French president Nicolas Sarkozy and German chancellor Angela Merkel ahead of their pre-summit talks in Paris on Monday to approve a "grand bargain" or, at least, workable plan that will gain the support of partners such as the US. Timothy Geithner, Treasury secretary, will be in Europe for talks all week. Sarkozy's main opponent in next spring's presidential election, socialist leader François Hollande, accused him of caving into German demands for a new EU treaty on budgets that was bound to fail, exacerbating French weakness in an unbalanced relationship with Berlin and ignoring the need for immediate solutions. "We cannot wait," he told Le Journal du Dimanche, setting out his stall for a "pact of governance and growth," greater scope for intervention by the European Central Bank, turning the bailout fund, the EFSF, into a bank "to help out the most vulnerable countries" and huge investment in infrastructure. At the social democrats' (SPD) congress in Hamburg, ex-chancellor Helmut Schmidt warned Merkel against a "show of strength" or leadership role for Germany that would simply isolate it. CONCLUSION : The Euro zone crisis is demonstrating what any sub A level economics student should have said when the Euro was launched - you can not have monetary union without central fiscal policy control. So events have proved. Hence the choice is clear. Either the Euro zone breaks up or Europe is ruled by Germany.
Subscribe to:
Post Comments (Atom)
6 comments:
The latest idea under discussion involves the ECB lending cash via its member national central banks to the International Monetary Fund, which in turn would use the cash to support struggling euro states."
How about creating some magic trousers that grow 50 euro notes in the pockets? Or planting money trees in Southern Spain for the upcoming money harvest?
Both Mrs Merkel and Mr Sarkozy seem to believe their plan can be achieved with protocols rather than treaty changes"
Adding a protocol, or removing or amending an existing protocol, is itself a treaty change, because:
"The Protocols and Annexes to the Treaties shall form an integral part thereof."
That's Article 51 of the Treaty on European Union, on page 44 here:
http://eur-lex.europa.eu/LexUr...
I see bombers dropping trillions of euros onto the peoples of europe - hands outstretched clasping the notes as they flutter to the ground - may prevent the deflationary death spiral - bond markets collapse - hyperinflation occurs. Democratic rejection of the eurozone resisted - rioting - leaders emerge and the dream dies.
Finally, the nations of europe emerge from the economic prison to forge their own national destinies - back in the black & pride reinstalled.
The Old Man from Hamburg", as he is fondly called, former Chancellor Helmut Schmidt, an enthousiastic European, today has shaken Germany to the core with a historical speech he delivered at the SPD's yearly party conference in Berlin !He is 92 years old and still considered it his duty to roll in in a wheelchair and deliver a harsh message. He has heavily criticised the government's policies and position; moreover he made it a point to remind Germany of the recent past, the solidarity it has received from it s neighbours in spite of recent history, it s duty to make up to it s neighbours also in matters debt load, and his dissaproval of German-nationalistic stuck up statements of recent days such as "do away with this (money) Transferunion".His message and criticism has been quoted in this evenings State TV News Channels. Suddenly the tone is humble.
The full speech has been published by the German daily newspaper Hamburger Abendblatt...and Google Translation will render an acceptable translation. Chancellor Schmidt speaks in a very refined and proper German, as spoken by people in North Germany of some standing, far from the language used on the streets of the more nationalistic South Germany, Munich or Stuttgart, Ms. Merkel's and her party s home land. It is difficult to understand even for somebody fluent in German; the translation is therefor also challenging.http://www.abendblatt.de/politik/arti...
ELS - In office for another month, European Parliament chief Jerzy Buzek looks back at the highs and lows of his mandate and advises his successor to reach out to citizens and speed up lawmaking, but not at the expense of democracy.
Under a current arrangement between the two main political groups - the centre-right European People's Party and the Social Democrats - the five-year mandate of the president is split in two, with German Social-Democrat Martin Schulz poised to become the next chief of the legislature in January.
"Martin Schulz is very experienced, politically. He doesn't need advice. I can only say that besides the obvious activities - negotiating the next EU budget and defending the community method, there are some which are very important, even if they are not that obvious: the creation of a European public space and helping to create EU law faster and more efficiently," Buzek told this website.
From the 11th floor of the European Parliament, things appear quite distant from the day-to-day life of EU citizens. But a former prime minister and member of the Solidarnosc movement, which brought down Communism in Poland, Buzek knows how important it is to have the support and active engagement of citizens.
Only an election featuring individual personalities can inspire the European public and yield respectable results. German Finance Minister Wolfgang Schäuble, long a firm believer in Europe, says: "I would like to see the direct election of a European president. Then we will already have a much stronger European consciousness by the time of the first reelection." Schäuble envisions a president for Europe who would head the European Council and Commission, and would be armed with political power and new competencies. A European public sphere could emerge as a result of the contest for such a position....well, does "adolf" have any heirs ???
Post a Comment