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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!

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

 

Asymptotix diagnosis of european problem & proposal of a solution

Asymptotix diagnosis of
european atrophy
& a solution proposal 


basically because bureaucrats can't hack it!

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

 

 

 

EU Debt Office, Authority for Bank Resolution Funds & European Financial Stabilisation Mechanism

Michel Barnier, Commissioner in charge of the Internal market and Services presented last week a proposal for Bank Resolution Funds. This came two weeks after the EU Heads of State presented the 750 bn euro rescue package with that mysterious Special Purpose Vehicle (SPV), which aimed at calming down the markets. The turmoil continued and it felt kind of weird that there were no panic news this last Friday (no bad news is good news).

Last week Asymptotix pleaded for a European Debt Bank, or European Union Debt Office, which the Swedes would call it. John A Morrison said:

We are where we are, capital has transitioned to the state, we need public institutions which can properly manage us through this second phase sovereign debt crisis and develop a roadmap for free markets beyond a properly constituted European "Bretton Woods" style "Public Debt Bank" (its not for me to coin the name); philosophically in line with Keynes' thinking.

The Lunatix are on the Grass: A new Bretton Woods proposition for Europe

viaduct morlaix asymptotixSUMMARY 

We are where we are, capital has transitioned to the state, we need public institutions which can properly manage us through this second phase sovereign debt crisis and develop a roadmap for free markets beyond a properly constituted European "Bretton Woods" style "Public Debt Bank" (its not for me to coin the name); philosophically in line with Keynes' thinking.

European Rescue Package May 2010 analysis / debate contribution

 

INTRODUCTION

There is so much ridiculously flimsy commentary on this momentous agreement and open market operations activity consequent in Brussels, early this morning. I personally could not sleep so I have been monitoring this; just about since the initial announcements from the Justus Lipsius buildinasymptotix fountain blogg here in BXL at 4am CET this morning.

 

It is a momentous process, the like of which we have really never seen before. There are two major points of comment to consider and these are as usual firstly on the process side and secondly on the institutional side.

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