Monday, January 21, 2013
Thursday, January 17, 2013
And the dollar falllsss, and the markets rrrriseee...?? abslute madness...?
Saturday, December 29, 2012
Crass scaremongering by crass corrupt political "elite".
Thursday, July 5, 2012
Saturday, November 26, 2011
It's never going to happen....wishful thinking
Saturday, November 12, 2011
Saturday, October 8, 2011
Wednesday, October 5, 2011
Tuesday, October 4, 2011
Monday, October 3, 2011
Thursday, September 15, 2011
For Joseph Daul MEP, Chairman of the EPP Group: "The time has come for the Eurozone countries and for all other EU states who want to be involved, to take decisive action by adopting, together and at the same time, measures which are strong enough to put an end to the doubts on Europe's ability to assume its responsibilities."
In a debate in the European Parliament on the economic crisis, Joseph Daul said that on a proposal by the Commission, the governments of the Eurozone and all those in the Union who wish to do so, should decide to deal drastically with their debt, collectively, and on the same day, by taking coordinated measures to guarantee the sustainability of the pension systems or to ensure the effective harmonisation of their fiscal policies, particularly on companies.
"By making an economic government reality, a government run by all the Eurozone countries, Europe would kill two birds with one stone: it would show its capacity to act in the long term, and it would strengthen unity among its citizens, who would finally be subject to the same rights and duties. By taking coordinated measures of budgetary discipline while promoting the necessary growth of our economies, the Eurozone would arm itself with converging rules, and would give a clear and strong signal of its willingness to strengthen integration", continued Joseph Daul.
Joseph Daul said: "Our citizens, although they are aware that this European crisis calls for a European response, not just a national response, are still questioning the capacity of national and European leaders to put an end to this crisis of confidence and low growth. What's at stake in the next three months is Europe's capacity to get back on the path to growth and employment, to preserve its way of life and defend its values. Only with a major act of integration will we finally be able to live up to the challenges", concluded Joseph Daul.
Monday, September 12, 2011
The incompetent and ill prepared EU Commissioner = EU economy commissioner Olli Rehn
Sunday, September 11, 2011
Sunday, September 4, 2011
Sunday, August 28, 2011
Sunday, August 7, 2011
America did receive some support yesterday, with Francois Baroin, France's finance minister, insisting that he had total confidence in the US economy, while Russia said it would keep the current level of its US investments in national reserve funds.
Friday, August 5, 2011
Thursday, August 4, 2011
European politicians had hoped their deal on 21 July to bailout Greece for a second time and impose losses on bond holders would restore confidence in the eurozone. Their efforts have failed, particularly as US debt crisis compounded the febrile atmosphere in the markets. In France, shares in the second largest bank Société Générale were temporarily suspended – they eventually closed 9% lower in heavy turnover – after it took a €395m (£345m) hit on its exposure to Greece because of its contribution to the bailout plan. Concerns were also mounting that banks across the eurozone were finding difficulties in funding themselves on the markets. Huw van Steenis, banks analyst at Morgan Stanley, said: "Investors, we and some banks are increasingly concerned that funding markets won't reopen with sufficient depth or at good enough terms for Italian and Spanish issuers, requiring banks to take offsetting measures". Berlusconi's statement to the lower house of parliament faced immediate criticism for failing to tackle the problems facing the Italian economy even though he promised to work with unions and employers on a reform of Italy's notoriously rigid employment laws. He drew attention to the fact that his government had earlier given the green light to €9bn of infrastructure projects which he said would promote growth, especially in the poorer south.