Posted by seumasach on August 20, 2011
Merkel has embraced the ‘new EU’ – better late than never, says Joschka Fischer
Joschka Fischer
16th Augiust, 2011
Finally, German Chancellor Angela Merkel has accepted a new form of ‘European Union’. More than ever, the EU must combine greater stability, financial transfers and mutual solidarity if the entire European project is to be prevented from collapsing under the weight of the ongoing sovereign-debt crisis.
Posted in Battle for Europe | Tagged: eurobonds, european monetary fund | Leave a Comment »
Posted by seumasach on August 15, 2011
15th August, 2011
BERLIN, Aug 15 (Reuters) – One of Germany’s leading economic associations came out in favour of joint euro zone bond issuance on Monday, raising pressure on Chancellor Angela Merkel to consider bolder crisis steps ahead of a meeting with the French president.
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Posted by seumasach on August 15, 2011
15th August, 2011
As eurozone countries scramble to solve the currency bloc’s debt crisis, members of the German government are digging in their heels against calls for common eurozone government bonds.
Posted in Battle for Europe | Tagged: eurobonds | Leave a Comment »
Posted by seumasach on August 11, 2011
Cailean Bochanan
11th August, 2011
Although everyday life seems to go on as normal, looting and burning notwithstanding, the worlds events are hurtling towards their denouement. Never has one flashpoint succeeded another with such breakneck speed and the prevailing feeling can only be one of bewilderment. This year has seen, so far, the Arab Spring, a new war against an Arab nation which has gone disastrously wrong for “the scourge of the world”, the new Tamberlaine, Anders Fogh Rasmussen, a new stock market collapse, unpredented post-modern rioting ,the Norwegian terror attacks and the implosion of the Murdoch empire, amongst other prodigies. The question is: how are these events connected?
Posted in Battle for Europe, Currency Wars, Drive to Global War, Libya | Leave a Comment »
Posted by seumasach on August 11, 2011
The motive behind S&P’s US downgrade now becomes clear: it gave them a free hand to escalate hostilities against the Eurozone. As usual this is a full anglosphere mobilisation involving rating agencies, press and speculators. At the same time falls on Wall Street hasten the “flight to safety” into US government bonds, helping to sustain the dollar a little longer.
The Mail on Sunday (Daily Mail) has published an apology further to allegations made on 7 August 2011 concerning the situation of the Group which Societe Generale categorically denied.
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Posted by seumasach on August 4, 2011
European Central Bank president Jean-Claude Trichet admits to buying sovereign bonds.
74 bullion euros sounds like peanuts compared to US debt monetization. It’s interesting how the anti-eurozone campaign increases in proportion to the evidence of crisis in the anglosphere. This is possible due to the power of the rating agencies and media outlets at the disposal of Wall Street and the City. The europeans didn’t mean to challenge the US by launching the Euro. Nor did they realize how precarious the US economy was. Now the empire has decided that the world isn’t big enough for two such currencies: one or other must go. In our view it will be the dollar.
4th August, 2011
“I never said that the SMP had been interrupted,” Mr Trichet said in reply to a question on the ECB’s Securities Markets Programme that bought around €74bn in public debt so as to support the financial system with liquidity.
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Posted by seumasach on July 27, 2011
Posted in Battle for Europe | Tagged: Kosovo | Leave a Comment »
Posted by seumasach on July 24, 2011
22nd July, 2011
Left-leaning daily Die Tageszeitung writes:
“A new epoch has begun in the history of the euro. There were three remarkable developments at the EU summit in Brussels. First, the European Central Bank (ECB) was deprived of its power. Second, no more respect will be paid to the ratings agencies. Third, it is only a matter of time until euro bonds are used across the board. All three developments are worthy of embrace. They are also unavoidable if the euro is to survive.”
“In the long term, this means that the euro zone is declaring independence from the financial markets. That is a historic step.”
Posted in Battle for Europe | Tagged: european monetary fund | Leave a Comment »
Posted by seumasach on July 24, 2011
24th July, 2011
China welcomes a second rescue package for Greece and will always be confident of the eurozone and the region’s currency, Central Bank Governor Zhou Xiaochuan said yesterday.
Posted in Battle for Europe | Tagged: Chinese diplomacy | Leave a Comment »
In These New Times 