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Budget 2014-2020: Don't sacrifice EU's future to the current crisis, say MEPs

EU member states must not use the economic crisis as a pretext to force austerity upon the EU until 2020, MEPs warned in a debate on Wednesday. The EU needs a budget that is flexible enough to cope with unforeseen events and is funded from new sources, they added. The debate with Commission President José Manuel Barroso and Ireland's EU Presidency Minister Lucinda Creighton was Parliament's final input to the 7-8 February EU budget summit.

Kapital has transitioned to the state (ref. AMA) Political Economix & Rational Expectations

What we have to realize is that ‘capital has transitioned to the state’[1]; through the bail-outs and bail-ins, QE’s & SLS’s, LTRO’s & EFSFs; TARPs & twists; capital has transitioned to the state; it has happened, it is ‘what it is’; de-facto (not de-jure); capital has crossed the great libertarian 'blood brain barrier' and it did it @ a ridiculously low price with the greatest irony of all, no central planning!

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

An Essay for the EU summit June Twenty Twelve

 

 

 

 

MEMO TO EU POLICY MAKERS SUMMIT JUNE TWENTY TWELVE

HERE WE GO AGAIN / TIDYING UP ASYMPTOTIC ORPHANED IDEAS / TIME TO LISTEN

 

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?

THAT ARMAGEDDON SUMMER OF 2010 Lessons for LTRO2 in 2012

 

THE SEQUENCE OF EVENTS ON ASYMPTOTIX

 

SECRETS LIES & SMOKE AND MIRRORS

STATEMENT OF THE MEMBERS OF THE EUROPEAN COUNCIL 30 JANUARY 2012

TOWARDS GROWTH-FRIENDLY CONSOLIDATION AND JOB-FRIENDLY GROWTH

Over recent months, there have been tentative signs of economic stabilisation but financial market tensions continue to dampen economic activity and uncertainty remains high. Governments are undertaking strong efforts to correct budgetary imbalances on a sustainable basis but further efforts are needed to promote growth and employment. There are no quick fixes. Our action must be determined, persistent and broad-based. We must do more to get Europe out of the crisis.

EU; Treaty of debt ESM stop it now! (video)

European Disunion indecision 2011

Inside the French ambassador's 19-bedroom mansion, finance ministers and central bankers from the world's largest economies heard Dominique Strauss-Kahn, then-head of the International Monetary Fund, deliver an ultimatum. Greece, the country that triggered the euro-zone debt crisis, would need a much bigger bailout than planned, Mr. Strauss-Kahn said. Unless Europe coughed up extra cash, the IMF, which a year earlier had agreed to share the burden with European countries, wouldn't release any more aid for Athens.


 

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