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  • strict warning: Declaration of views_handler_filter_node_status::operator_form() should be compatible with views_handler_filter::operator_form(&$form, &$form_state) in /home/asymptot/public_html/modules/views/modules/node/views_handler_filter_node_status.inc on line 14.
  • strict warning: Non-static method view::load() should not be called statically in /home/asymptot/public_html/modules/views/views.module on line 879.
  • strict warning: Declaration of views_plugin_style_default::options() should be compatible with views_object::options() in /home/asymptot/public_html/modules/views/plugins/views_plugin_style_default.inc on line 25.
  • strict warning: Declaration of views_plugin_row::options_validate() should be compatible with views_plugin::options_validate(&$form, &$form_state) in /home/asymptot/public_html/modules/views/plugins/views_plugin_row.inc on line 135.
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  • strict warning: Non-static method view::load() should not be called statically in /home/asymptot/public_html/modules/views/views.module on line 879.

Who is the biggest clown of the Credit Crisis? Vote now!

Thanks to @centrifugen I came across a poll on a Swedish site: who is the biggest clown of the Credit Crisis?


Thought we should have our voice heard so please cast your vote here: http://www.asymptotix.eu/content/who-biggest-clown-credit-crisis

Olli Rehn could soon be sitting in Eurogroup chief Juncker's chair

Eurogroup chief Jean-Claude Juncker has been out of the spotlight recently. However behind the scenes discussions are going on to find Juncker’s replacement as the group’s head. It is now certain his reign will come to an end when his term expires in January.

And so begins the debate as to exactly who will replace him. German Finance Minister Wolfgang Schäuble has already been mentioned as a possible successor. Schäuble however, rejected the claims as simply rumours.

Juncker: Belgium provides for "Disorder in the euro area" 450 days without government

Even Jean Claude Juncker had enough of the ridiculous situation in Belgium. The designated Prime Minister Elio Di Rupo plans today to submit a compromise solution to form a coalition. Di Rupo is a frankophone socialist and it is all or nothing now. If he fails then Belgium will fall deeper in recession and the European Capital will likely be more ridiculed than ever by Nigel Farage and likes.

Polish EU Presidency - Warsaw decided not to take part in Eurogroup meetings

Poland decided against participating in meetings of the eurozone’s finance ministers – even though it is not a member of the area – during its EU Presidency after the presence of a non-member had stirred controversy, according to a statement published in Warsaw, on 10 July.

11 July 2011 Statement by the Eurogroup

"Ministers reaffirmed their absolute commitment to safeguard financial stability in the euro area. To this end, Ministers stand ready to adopt further measures that will improve the euro area's systemic capacity to resist contagion risk, including enhancing the flexibility and the scope of the EFSF, lengthening the maturities of the loans and lowering the interest rates, including through a collateral arrangement where appropriate.

PAPANDREOU OPEN LETTER TO THE PRESIDENT OF THE EUROGROUP JEAN CLAUDE JUNCKER

 PRIME MINISTER’S PRESS OFFICE / Athens, 11th July 2011

LETTER BY PRIME MINISTER GEORGE A. PAPANDREOU TO THE PRESIDENT OF THE EUROGROUP AND PRIME MINISTER OF LUXEMBOURG JEAN CLAUDE JUNCKER

Secret Euro Finance Ministers meeting in Luxembourg - discussing Greece and possible exit from the euro

There are unconfirmed reports of a secret finance ministers meeting in Luxembourg today to discuss Greece and its possible exit from the euro. A reporter at Spiegel insists that this is the case.

 

 

 

SEE PETER'S ANALYSIS & REFLECTION ON THIS MEETING BELOW

... he broke the story of the appointment of Draghi (below) ..

 

ECOFIN: EU Ministers To Discuss Bank Taxes, Hedge Fund Rules - starting on Monday

Debate over regulation of hedge funds will take center stage at a meeting of European Union finance ministers next week, overshadowing previously planned discussions on new taxes for banks and reforms of the bloc's economic policy rules. The ministers will attempt to resolve an impasse over the hedge fund rules, which would require funds to register with the EU and allow national supervisors and ultimately a new pan-EU regulator to limit the amount of leverage they can use to boost returns. The main obstacle now to an agreement is concerns from France that the new legislation would allow offshore hedge funds to operate freely throughout the EU without adequate regulation.

Euro-zone ministers meet Monday morning in Luxembourg, with a gathering of ministers from all 27 EU member states scheduled for the following day. Officials from European Council President Herman van Rompuy's task force on economic governance will also meet Monday for the last time before they put their proposals to EU heads of state when they meet Oct. 28. The proposals aim to strengthen the bloc's budget rules and improve coordination of macroeconomic policies across the EU.

ECOFIN Council 7 September 2010: EU finance ministers to discuss new bank levy - Bank Resolution Funds

 

who is really in charge in the EU?

 

The eurogroup is an utterly demagogic profoundly undemocratic sub-committee,

its a politburo;

a product of 'Rampant Ad-Hocery'

EU Economic Governance is 'Seat of the Pants' in a West End Farce - i.e. the pants are falling down ....

 

European Union finance ministers are set to discuss the possibility of introducing a levy on banks and whether a tax on financial transactions can deal with another banking crisis, as they gather tomorrow Tuesday in an atmosphere more benign than when they last met in July. Worries about the European economy and its ability to deal with large amounts of government debt have been eased by a run of better than expected economic data, progress by Greece in strengthening its bailed-out government finances and the results of stress tests on 91 of the EU's banks.

Eurozone finance ministers are meeting in Luxembourg today to discuss the 750 billion euro rescue package for bankrupt states

The historical political mechanism, the SPV, was thrashed out four weeks ago however, it is yet to be approved by 90 per cent of Eurozone countries. According to Luxembourg leader and eurozone chief Jean-Claude Juncker a decision will be made by the end of the month. The SPV is essentially a company that will be able to raise money on markets by issuing bonds thanks to loan guarantees provided by governments of the euro zone. Member states hope it will never be mobilized but that its existence will convince markets that default fears are unfounded.

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