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 ?
Asymptotix diagnosis of european problem & proposal of a solution
Asymptotix diagnosis of
european atrophy
& a solution proposal
basically because bureaucrats can't hack it!
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
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
SUMMARY
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 buildin
g here in BXL at 4am CET this morning.






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