LTRO: Criminal Political Behaviour by Merkozy with Van Rompuy as the Marionette
Think about it, as LTRO triggers on the leap day TODAY, why is the Central Bank being forced to do this against its will? The European monetary transmission mechanism doesn't have an IMF-Equivalent; so not only is the euro a political mishmash at the concept level its a stool (sic) on two legs at the practical institutional level.
EU Money supply is at rock bottom, the pump at the 'heart' of European money supply is on life support.

That 'life support' is LTRO from the Central Bank, right? The Central Bank should be independent right? It shouldn't be pumping up the very thing that it is chartered to control, that is perversity by definition right?
EU economic governance: European Parliament approves Commission comprehensive package of proposals for legislative measures
The European Parliament, sitting in Strasbourg on 28 September, approved the Commission's proposals for six pieces of legislation setting out robust new rules for the future economic governance of the EU and the euro area. This "six-pack" was tabled by the Commission exactly one year ago as part of its comprehensive response to the financial and economic crisis. It has been the subject of sometimes tough negotiations between the Council of Ministers and the European Parliament.
Paul Donovan - UBS: the euro is like the Hotel California: once you join you can never leave
‘You can check-out any time you like, but you can never leave’
A potential ‘complete’ solution to the crisis is to abolish the euro or kick troubled countries out of the monetary union. While there is a satisfying simplicity to these options, they should only be thought of as last-ditch alternatives. The cost of reinstating a sovereign currency would be horrendous. As Paul Donovan, deputy chief global economist at UBS said on Bloomberg Radio, “the euro is like the Hotel California: once you join you can never leave”.
UBS Investment Research Global Economic Perspectives
EU Economic Governance: Lunatix 2
updated for the bank holiday and rentree coincidence August 2011,

Lunatix Two: A European Stabilisation Bank & the Dysfunctional European Commission Economic Policy development process
PUBLIC QUANTITATIVE ANALYTICS: ASYMPTOTIC ORGANISATIONAL LAYOUTS
a discussion of european issues of data quality & reliability
& a sketch of a roadmap to address such
THE Policy Forming e-Community from Europe which can influence Washington too ...

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