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A European Monetary Fund/ EU Stabilization Bank / The Eurozone Problem and Proposed Solutions

When asymptotix first developed a European Stabilization Bank proposal, our thinking was just “common sense”, maybe driven a little by some experience not only of capital markets but of Public Sector policy development and specifically of the EU. It is possible that when I myself first wrote “The Lunatix are on the Grass: A new Bretton Woods proposition for Europe” I was thinking in a sort of “Kydland & Prescott[1]” / “Political Economics” [2] way. I was schooled in all that stuff way back when in the Adam Smith School in Glasgow.  That blog led us into the Stabilization Bank (SB) paper; but really we were driven by only one method; Structured Common Sense! And with the blogs we are always in a hurry; “it’s just a blog after all” !?! In fact a lot of this blog post here, I have said before in summer 2010 or summer 2011; it is GroundHog Day  every day in Van Rompuy space! But in blog-land I have no editor!

Lunatix3 EURO AREA SUMMIT STATEMENT 29 June 2012

 

 

 

 

 

 

 

 

RATIONAL EXPECTATIONS &

 

THE EU STATE / CAPITAL MARKETS INTERFACE

 

version 2.2 4th July 2012

 

POLICY & PROCESS RECOMMENDATION FOR BRUSSELS

 

REFERENCE: Press release / Summary

 

TOWARDS A EUROPEAN STABLISATION BANK

EZ politix is not a Western movie

 

did the Greeks call the referendum because they had advanced intelligence that the #EFSF would not be able to raise a cent?

EUROZONE SUMMIT: METRIC OF SUCCESS

Understanding what a Central Bank is for / The Boundaries of European Financial Institutional Architecture


WHAT IS THE METRIC OF SUCCESS OF THE FINAL EUROZONE SUMMIT CONCLUSIONS ?

 

Crisis Mis-Management in Brussels! They sure aint doin it by the book!

 

MARKET (RATIONAL) EXPECTATIONS & (MONETARY) ECONOMIC POLICY IN BRUSSELS

 

Asymptotix diagnosis of european problem & proposal of a solution

 

 

 

 

Asymptotix diagnosis of EU atrophy (incompetence?)
& a 'Policy Prescription' proposal 

CHAPTER HEADINGS AS LINKS

EUROPEAN Sovereign and Banking Crisis asymptotix references

 Consolidated References to the European Sovereign and Banking Crisis on asymptotix

EU Economic Governance: Lunatix 2

updated for the bank holiday and rentree coincidence August 2011,

porto man

 

 

Lunatix Two: A European Stabilisation Bank & the Dysfunctional European Commission Economic Policy development process

 

 

 

A EUROPEAN MONETARY FUND MORPHED OUT OF THE EFSF

A set of references to the nascent European Monetary Fund are below

(but we @ asymptotix think that we thought of it 1st) - see the link to the ESB proposal below

UL icons asymptotix 2

 

FT LEXICON

"European Monetary Fund"

$229 Billion in New Greek Aid

EU leaders look to expanded bailout fund to stave off crisis

European debt crisis: As it happened

Sarkozy's take on debt crisis

That eurozone summit draft - annotated

Eurozone debt crisis summit: as it happened

 

A EUROPEAN MONETARY FUND [EMF] = the ESB (EUROPEAN STABILISATION BANK) CONCEPT

 

Let me summarise what is going on here on this page, above is the Euro Summit of summer 2011; Merkozy-sphere; Van Rompuy & Barosso are the puppets; here is how the process works; Lunatix2 ; the EMF or ESB idea is progressing through the DYSFUNCTIONAL GROUNDHOG SUMMITRY of the 2010 - 2012 period, announcements at 5am - thing! The initial partial proposal of summer 2010 is below with an explanation [allegedly] of why that proposal was so over complex and half baked & some links to further contempraneous analysis. The summits of 2012 are opaque to say the least; we still have van Rompuy the Harlequin announcing 'peace with honour' but we don not have a solution which remains credible and stable in terms of the markets for longer that 48 hours; see Lunatix3 . We are watching a Darwinian inevitability proceed at the pace of a car crash; guided by Lunatix, with Hidden Agendas; in the end the solution is inevitable, an EMF or ESB in all but name & with a banking license. It looks as complex as a modern ballet, that is the way they like it in Brussels; the process has become publicly narcissistic; it has gone too far, the politicians (elected & unelected) are loosing their audience. Now it looks as though in the end the Germans will have to pay;-

EU Van Rompuy: Political Will For Permanent EFSF Now Stronger

European Council President Herman Van Rompuy said here today that the political appetite for making the E440-billion European Financial and Stability Fund permanent has strengthened in recent weeks.

In response to a question on whether it would be wise to make the EFSF permanent, Van Rompuy said: "The general feeling among all the main players, all the 27, is that they will take every necessary step to safeguard financial stability. This political will is now a lot more clear than a few weeks ago."

"You can be sure that, if needed, we will take any step to guarantee financial stability," he said.

Van Rompuy also said that weaker eurozone states must meet their fiscal targets in order to improve investor confidence.

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