In These New Times

A new paradigm for a post-imperial world

Posts Tagged ‘eurobonds’

Hollande wants either Eurobonds of direct ECB bond purchases on the primary market

Posted by seumasach on May 10, 2012

Eurointelligence

8th May, 2012

Talking to the slate.fr Francois Hollande replied to a question about Germany’s opposition to Eurobonds: “On this question we will have discussions with our partners and in particular with our German friends, but they cannot put into place two deadlocks at once: one on the Eurobonds and the other on the direct financing of debt by the ECB”. On his demands to stimulate growth the French president elect said that he did not aim at a Keynesian deficit spending program as he is committed to reducing the French deficit. Rather he was aiming at “putting into place instruments at the European level, which means increasing the capital of the European Investment Bank, mobilising structural funds and the financial transaction tax which would allow financing of infrastructure works. Also Europe could at last decide to borrow which is all what the Eurobonds or the project bonds are about”.

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Dollar and euro: Whose crisis is bigger?

Posted by seumasach on September 21, 2011

This is indeed a war and as we have seen in Libya the centralised command over military, terrorist, intelligence, media and political players across the spectrum makes many things possible, even the entry of a ragbag army into Tripoli. The author is absolutely correct to point out the Anglo-Americans’ ability to continually seize the initiative even using the most outrageous methods such as the deployment of rating agencies which should have been behind bars years ago. Still, from the Clausewitz point of view, they can, I think, be criticized for doing too much: they are throwing everything at Europe and people are beginning to notice it’s war. If you conspire enough against people they will become conspiracy theorists. The whole world has to learn this simple lesson: the only way to be at peace with the Washington/London axis is to prepare for war. Europe have a simple devastating weapon which they can unleash against Wall street/City of London; the Eurobond, backed by the world’s emerging economies.

Pravda 

20th September, 2011

Dollar exchange rate continues to rise, despite the enormous national debt and virtually pre-default state of the USA. Why? 
Mikhail Fedorov, analyst of “RIC-Finance”:
 “Today, because of the debt crisis the Eurozone and the U.S.  became competitors in terms of their attractiveness to outside investment, and therefore their ability to fund their own public loans. In fact, they are competitors in terms of attracting investment. The world today simply does not have enough funds to finance both the euro area and the U.S. simultaneously. The flow of investments in one region will pump blood from another one. This creates a conflict of interests between the two largest economies in the world.
Of course, we are not talking about an economic war (perhaps not yet), but the presence of the opposing sides, in my opinion, suggests that the laws of war are relevant.

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Europe’s sovereignty crisis

Posted by seumasach on August 20, 2011

Merkel has embraced the ‘new EU’ – better late than never, says Joschka Fischer

Joschka Fischer

New Europe

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.

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Euro zone bond debate raises pressure on Merkel

Posted by seumasach on August 15, 2011

Money

 

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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Berlin braces against calls for common ‘eurobonds’

Posted by seumasach on August 15, 2011

Deutsche -Welle

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.

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