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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?

European Commission Green Paper on the feasibility of introducing Stability Bonds - Official Version

Brussels, 23 November 2011

European Commission Green Paper on the feasibility of introducing Stability Bonds

Will Merkel Change Her Tune on Stability Bonds?

Stability bonds. That is the new moniker given by the European Commission to euro bonds as it moves toward presenting its most definitive proposal yet for the debt pooling measure on Wednesday.

Indeed, European Economic and Monetary Affairs Commission Olli Rehn was in Berlin on Tuesday to tout Brussels' three-option studyon how bonds issued jointly by the 17 euro-zone member states could help stem the debt crisis.

Autumn forecast 2011-13: Growth at a standstill

Commission Vice-President for Economic and Monetary Affairs Olli Rehn said: "Growth has stalled in Europe, and there is a risk of a new recession. While jobs are increasing in some member states, no real improvement is forecast in the unemployment situation in the EU as a whole. The key for the resumption of growth and job creation is restoring confidence in fiscal sustainability and in the financial system and speeding up reforms to enhance Europe's growth potential. There is a broad consensus on the necessary policy action. What we need now is unwavering implementation. On my part, I will start using the new rules of economic governance from Day one."

 

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

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

 

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

 

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.

Timothy Geithner meeting the European finance ministers, Wroclaw, Poland - Finns making trouble - latest

The world will not see the kind of coordinated response policymakers organized during the global financial crisis in 2009 but the United States and the European Union must work closely together to overcome the current economic challenges, U.S. Treasury Secretary Timothy Geithner said on Friday.

Fears over the eurozone's ability to deal with its debt crisis have grown after Finland's finance minister said she does not expect it to resolve a dispute over her country's demand for collateral for loans to Greece.

Jean Claude Juncker said:

We didn't discuss the expansion of EFSF with Geithner.

Decision on next payment to Greece will be made in October.

Olli Rehn said:

We need more stability of public finances, otherwide the Eurobonds would turn into junk(er) bonds

Geithner said:

What is very damaging from the outside is not the divisiveness about the broader debate, about strategy, but about the ongoing conflict between governments and the central bank, and you need both to work together to do what is essential to the resolution of any crisis.

Governments and central banks have to take out the catastrophic risks from markets ... and avoid loose talk about dismantling the institutions of the euro.

EU lowers euro area growth forecasts on worsening outlook from debt crisis

In its latest interim forecast, published on September 15, the Commission presents its assessment of economic prospects in the euro area and the whole of the EU for 2011. The document includes estimates for GDP growth and inflation in the EU and the euro area, as well as detailed projections for the seven largest EU Member States: Germany, Spain, France, Italy, the Netherlands, Poland, and the UK.

Statement by President Barroso and Commissioner Rehn on Tuesday's proposals by President Sarkozy and Chancelor Merkel

After a working meeting in Brussels, European Commission President, José Manuel Barroso, and Commissioner for economic and monetary affairs, Olli Rehn, issued the following statement.

The proposals made today (Tuesday 16 August) by President Sarkozy and Chancellor Merkel are a welcome step forward in our common efforts to strengthen the governance of the euro area. They represent an important political contribution by the leaders of the two largest euro area economies to this debate and the on-going work.

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