15th February, 2012
BEIJING: China’s top central banker Wednesday expressed confidence in the euro and pledged to continue buying European sovereign debt, as the Asian giant seeks to shore up support for its biggest trading partner.
Archive for the ‘Battle for Europe’ Category
China central banker backs euro, vows more support
Posted by seumasach on February 15, 2012
Posted in Battle for Europe | Tagged: China-EU cooperation | Leave a Comment »
European stocks rise on China pledge of help
Posted by seumasach on February 15, 2012
European Stocks Rise on China Pledge of Help; BNP, Heineken Gain
15th February, 2012
“China has pledged to contribute to the bailout fund, which not only could increase the firepower available but might also persuade other countries like Japan, Russia, oil-rich states and possibly even the U.S. to actively take part in combating the crisis,” said Markus Huber, head of German sales trading at ETX Capital in London.
China pledged to invest in Europe’s bailout funds and sustain its holdings of euro assets. The commitment offers an incentive to European finance ministers, who are increasing pressure on Greece to deliver budget cuts in exchange for a second bailout.
Posted in Battle for Europe, Currency Wars | Tagged: China-EU cooperation | Leave a Comment »
EuroBRICS. Un basculement dans l’équilibre du monde
Posted by seumasach on February 10, 2012
Un changement peu attendu encore par les observateurs, malgré des signaux concordants, sera le déclin sinon l’effondrement de la puissance américaine. Il vaudrait mieux parler de la puissance atlantique pour y inclure la Grande Bretagne. Celle-ci ne semble pas en voie de se désolidariser de la puissance américaine et risquera donc de la suivre dans sa chute.
Jean Paul Baquiast
9th February, 2012
Un certain nombre d’experts, dont le politologue franco-européen Franck Biancheri 1), prévoient pour les prochaines décennies d’importants changements dans l’ordre du monde. Il ne s’agit pas d’annoncer des évènements encore inattendus, mais de mettre en perspective un certain nombre de changements en profondeurs (dits aussi systémiques) que la plupart des observateurs constatent mais dont ils ne tirent pas encore de conclusions significatives.
Posted in Battle for Europe, Multipolar world | Tagged: BRICS(Brazil-Russia-India-China-South Africa), EuroBrics | Leave a Comment »
Greece: PM reaches deal with party leaders over bailout terms
Posted by seumasach on February 9, 2012
9th February, 2012
Government sources have revealed that a deal has been reached over how to find the 300 million euros in savings that the troika was demanding to prevent cuts to pensions that three parties in Greece’s coalition government were not willing to accept.
Posted in Battle for Europe | Tagged: Greece, Kathimerini, Lucas Papademos | Leave a Comment »
Ben Warns More Helicopter Drops May Be Necessary
Posted by seumasach on February 2, 2012
Watch out everyone- we’re in for “a period of balance-sheet adjustment”
2nd February, 2012
In a surprisingly (but also refreshingly) candid admission, Fed Chairman Bernanke declared last night that another round of quantitative easing may well be necessary to alleviate “high and persistent unemployment in an underperforming economy”. With inflation still low and Europe a potential drag on the economy, the Fed Chairman clearly feels that more asset purchases are a risk worth taking if it helps the recovery become more self-sustaining.
Posted in Battle for Europe, UK economy | Tagged: bankrupt Britain, dollar collapse, QE3 | Leave a Comment »
China willing to aid bailout: EU leaders
Posted by seumasach on January 29, 2012
28th January, 2012
DAVOS, Switzerland – The leaders of Denmark and Finland said on Friday that China has showed a willingness to contribute to global efforts to bail out debt-ridden European countries. However, a senior Chinese policy adviser said there should be preconditions.
Posted in Battle for Europe | Tagged: China's IMF role, IMF reform | Leave a Comment »
Toward a new social contract
Posted by seumasach on January 29, 2012
Nikos Xydakis
29th January, 20112
The crisis has taken a toll on our standards of living and created a rift in the social contract. In the political arena, the rift caused by the crisis is in the relationship that has developed between the people and the leadership, or the masses and the elite. This rift is best illustrated by the frequently heard condemnation that the government has lost its legitimacy.
Posted in Battle for Europe | Tagged: Ekathimerini, Nikos Xydakis | Leave a Comment »
‘Most Britons’ think euro will collapse
Posted by seumasach on January 28, 2012
Since every media outlet, “expert”, pundit, political party or current in the country has been telling us day in day out over several years that the Euro is going to collapse, the real news here is the astonishing fact that a third of the British population don’t think it’s going to collapse
27th January, 2012
A total of 68 per cent think the single currency will not survive, according to a survey by Harris Interactive for Metro.
Posted in Battle for Europe | Leave a Comment »
The international monetary system needs the euro
Posted by seumasach on January 28, 2012
Agnès Bénassy-Quéré
20th January, 2012
With the survival of the euro area at stake, and the reform of the international monetary system no longer a priority of the G20 presidency, it may seem strange to call for an increased international role of the euro. But the flaws of an international monetary system centered on the US dollar are substantial and these flaws are likely to inflate as world economic growth is mainly driven by emerging countries.
Posted in Battle for Europe, Multipolar world | Tagged: global, new global financial system | Leave a Comment »
Downgrade the rating agencies
Posted by seumasach on January 26, 2012
It really is unusual to read such a sane analysis in the British press!
Philip Stephens
19th January, 2012
I keep hearing people say don’t blame the rating agencies. My first reaction is why not? After due and sober reflection my considered response is why the hell not?
Posted in Battle for Europe | Tagged: ECB, european stability mechanism(ESM), S&P | Leave a Comment »
Britain fears more integrated European defence policy
Posted by seumasach on January 25, 2012
Wake up call to EU on NATO
23rd January, 2012
BRITAIN can no longer rely on the US for its “military salvation”, according to defence minister Gerald Howarth.
Posted in Battle for Europe | Tagged: Britain into Europe-Europe out of NATO | Leave a Comment »
