Wednesday, January 14, 2015
Friday, August 29, 2014
Putin is in the right to defend what he cosnsiders to be his sphere of influence. As this mess continues the economic consequences for everyone but particularly the average EU citizen goes from bad to worse...
2. A heroic Ukrainian army destroyed at least 50% of this menacing force.
3. The Russians put their tail between their legs and retreated before the mighty Ukrainian army could wipe out the rest of them.
4. Apparently the terrified Russians had the good sense in them to take back to Russia all their destroyed equipment for reasons of protecting the Ukrainian environment.
Friday, May 10, 2013
Wednesday, October 24, 2012
The fourth REICH in full action according to the Ribbentrop - Molotov Treaty ... Europe is under the German boot !!!!..
We designed the OMTs exactly to...restore monetary policy transmission in two key ways.First, it provides for ex ante unlimited interventions in government bond markets, focusing on bonds with a remaining maturity of up to three years. A lot of comments have been made about this commitment. But we have to understand how markets work. Interventions are designed to send a clear signal to investors that their fears about the euro area are baseless.Second, as a pre-requisite for OMTs, countries must have negotiated with the other euro area governments a European Stability Mechanism (ESM) programme with strict and effective conditionality. This ensures that governments continue to correct economic weaknesses while the ECB is active. The involvement of the IMF, with its unparalleled track record in monitoring adjustment programmes would be an additional safeguard.
Wednesday, September 26, 2012
Friday, September 14, 2012
Thursday, September 13, 2012
Sunday, September 2, 2012
Saturday, August 25, 2012
Friday, March 9, 2012
Greece slashes its debt burden and qualifies for fresh bailout money as part of the €130bn (£109bn) package from the IMF
Surly that can't be right ...!!!!
Wednesday, March 7, 2012
Sunday, February 12, 2012
Saturday, February 11, 2012
Thursday, February 9, 2012
Monday, January 30, 2012
Tuesday, January 10, 2012
OVER THE WATERWAYS - Atlanta Fed President Dennis Lockhart has been speaking on the US economy and eurozone crisis. The Atlanta Fed’s outlook anticipates a moderate pace of improvement but real progress on most fronts [...] At the same time, I think slow progress toward full employment justifies continuing consideration of whether more can and should be done. So for me as a policy maker, now is not a time to lock into a rigid position. Mr Lockhart said, adding that he expects “modest” GDP growth of between 2.5pc and 3pc “if there are no surprises from Europe or elsewhere.” Mr Lockhart added that the Fed would not rule out more money printing even if steady growth and "acceptable" inflation made it harder to justify: Steady even if unspectacular growth accompanied by inflation in the neighborhood of 2% justifies some reluctance to change, in either direction, the (central bank's) accommodative policy [...] At the same time, I think slow progress toward full employment justifies continuing consideration of whether more can and should be done. On European sovereign debt exposure, he said: American financial institutions have reduced their exposures fairly substantially, particularly to peripheral countries. Mr Lockhart becomes a voting member of the Federal Open Market Committee (FOMC) which decides on US interest rates and monetary policy this year.
Thursday, January 5, 2012
Sunday, January 1, 2012
The reality is : Only with the backdrop of the "crisis" can governments continue to get the people to swollow the necessary pills to cure the ills (caused by the governments). Without the pain they will spit it out. Thus, the crisis is a necessary tool to realign the reality of their budgets and get all in lock-step.