Lunatix3 EURO AREA SUMMIT STATEMENT 29 June 2012
Friday, 29 June 2012 | 
John A Morrison
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
Tuesday, 26 June 2012 | John A Morrison
MEMO TO EU POLICY MAKERS SUMMIT JUNE TWENTY TWELVE
HERE WE GO AGAIN / TIDYING UP ASYMPTOTIC ORPHANED IDEAS / TIME TO LISTEN
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STATEMENT OF THE MEMBERS OF THE EUROPEAN COUNCIL 30 JANUARY 2012
Tuesday, 31 January 2012 | Peter Lindmark
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.
9 December 3 AM: Statement by euro area heads of state or government
Friday, 9 December 2011 | Peter Lindmark
The European Union and the euro area have done much over the past 18 months to improve economic governance and adopt new measures in response to the sovereign debt crisis. However, market tensions in the euro area have increased, and we need to step up our efforts to address the current challenges. Today we agreed to move towards a stronger economic union. This implies action in two directions:
- a new fiscal compact and strengthened economic policy coordination;
- the development of our stabilisation tools to face short term challenges.
G-20 Summit Cannes 3-4 November 2011
Sunday, 30 October 2011 | Peter Lindmark
Presidents Barroso and Van Rompuy shared their views in advance of the summit in a letter sent to the other members of the European Council on 7 October 2011 (see MEMO/11/678).
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EUROZONE SUMMIT: METRIC OF SUCCESS
Tuesday, 25 October 2011 | John A Morrison
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!
Wednesday, 19 October 2011 | John A Morrison
EU Economic Governance: Lunatix 2
Wednesday, 17 August 2011 | John A Morrison
updated for the bank holiday and rentree coincidence August 2011,
Lunatix Two: A European Stabilisation Bank & the Dysfunctional European Commission Economic Policy development process
Political Economy: Social Democracy in Europe: The Commission and the European Banking System
Tuesday, 26 July 2011 | John A Morrison
version TWO
edited 4th July 2012
What the hell is going on with our economy in Europe since whatever that is, it underpins our level of activity; our level of social engagement our socio political locus does it not?
One cannot avoid, when living in BXL now and again picking up a history book about Schuman[1] or Delors[2] and the various grand plans which developed to drag "the EU" from the Coal and Steel union huddles in Irish bars, cigar smoke and beef prices; to this monster of power which we have today.
I have been extremely critical of the performance of the EU in the financial crisis here on this website. The crisis facing special units of the EU megalith made some howling mistakes in crisis management.
this link probably will not stick ECFIN changes its website so frequently
It has become obvious recently that senior EU personnel really do not understand how banking and financial markets function. (reference) The disaster that was the EBA (& its predecessor CEBS) speaks to that clearly!
A EUROPEAN MONETARY FUND MORPHED OUT OF THE EFSF
Friday, 22 July 2011 | John A Morrison
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
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;-
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