The European Central Bank will discuss next week whether to begin laying the groundwork to add the Chinese yuan to its foreign-currency reserves, according to two people with knowledge of the matter.
Such a measure by the ECB would mark a major step in the internationalization of China’s currency, also known as the renminbi. While China is the world’s second-largest national economy, the yuan isn’t ranked among the most-held foreign reserve assets, according to data from the International Monetary Fund. The U.S. dollar leads at 61 percent of holdings.
"Francesco Forgione a présidé la commission parlementaire anti-Mafia en Italie. Dans un livre qui sort en France chez Actes Sud (1er septembre), il démonte les ramifications européennes de ces organisations criminelles. " "Si, dans le passé, le souci des
Turkey's State Minister & chief negotiator for EU talks Egemen Bagis criticized Germany, along with France, for seeking to sell military equipment to Greece while pressing the government in Athens to make drastic public spending cuts as a result of its di
Novembre 2009: "La faillite de Lehman prit un caractère systémique parce que cette banque d’investissement était massivement refinancée par le système bancaire classique. Ne faut-il pas rétablir des cloisons étanches ? Ne doit-on pas, dans une version m
Björn Elmbrant: "När politiken alltså knappast kan lindra krisen alls, kom ändå amerikanska riksbanken, Federal Reserve, igår kväll till undsättning med ett gigantisk stimulanspaket för den amerikanska ekonomin. Riksbanken ska under ett år köpa upp statsp
A federal Europe, with more sovereign power ceded to the centre, is the best defence against any future crisis, the head of the International Monetary Fund has declared.
7 June: "To recapitulate... Three decisions have now put € 580 billion of EU citizens’ money on the line (almost the size of the GDP of the Netherlands), plus half as much promised by the IMF. Monumental decisions are taken between governments of the Euro
22.11. by Katinka Barysch, deputy director of the Centre for European Reform. , "The leaders of two of the European Union’s most powerful states stunned their European partners - and most of their officials at home - by announcing in Deauville that the E
Början av december, 2010. "På EU:s toppmöte den 28 oktober uppges Tysklands förbundskansler Angela Merkel ha flaggat för att Tyskland har börjat fundera på att överge EMU. ”Om det här är den klubb som euron verkar utvecklas till kanske Tyskland borde dra
Mario Draghi, ancien Président de Goldman Sachs Europe, prend aujourd'hui la présidence de la Banque centrale européenne. Il présidait la banque d'affaires américaine au moment où celle-ci, dans les années 2000, aidait la Grèce à maquiller ses comptes pub
11.7. Mark Weisbrot "The problem is that the monetary union, unlike the EU itself, is an unambiguously rightwing project. If this has not been clear from its inception, it should be painfully clear now, as the weaker eurozone economies are being subjecte
An interview with Susan Gearge, July 2011. "One of the reasons we fought so hard in France against the Lisbon Treaty was that it enshrined neoliberal economic policy at the heart of Europe, and set us up for the kind of crises we now face. Now the Europe
Johan Norberg: "Statsbankrutterna är på väg" Publ. Europas banker har lånat ut mer än 750 miljarder euro till Italien, Spanien, Portugal, Grekland och Irland. Det kan leda till kolossala förluster, i synnerhet för franska banker. Bankernas beroende av kor
Jean-Paul Brasseur / the Belgian party VIVANT « Libérer le travail en le détaxant et financer notre sécurité sociale par une taxe sur la consommation, uniquement sur les produits qui le plus souvent, sont fabriqués par la machine » (+ revenu de base inco
Pimco Gross Investment Outlook January "2012 Paranormal This process of delevering has consistently been a part of PIMCO’s secular thesis but “implosion” and “bimodal fat tailed” outcomes are New Age and very “2012ish.” Perhaps the first observation to be made is that most developed economies have not, in fact, delevered since 2008. Certain portions of them – yes: U.S. and Euroland households; southern peripheral Euroland countries. But credit as a whole remains resilient or at least static because of a multitude of quantitative easings (QEs) in the U.S., U.K., and Japan. Now it seems a gigantic tidal wave of QE is being generated in Euroland, thinly disguised as an LTRO (three-year long term refinancing operation) which in effect can and will be used by banks to support sovereign bond issuance. Amazingly, Italian banks are now issuing state guaranteed paper to obtain funds from the European Central Bank (ECB) and then reinvesting the proceeds into Italian bonds, which is QE by any definition and near Ponzi by another."
Enl. Wyplosz fokuserar EU-ledrana i alltför hög grad på att gardera sig mot moral hazard ( moralisk risk: utsikten att en part som är isolerad från risk kan bete sig annorlunda än hur den skulle bete sig om parten var fullt utsatt för risk) gm att förstärka stabilitets- och tillväxtpakten. Nationalekonomerna har inte kunnat enas om en diagnos på krisen. Stabiltetapakt och/eller nytt EU-fördrag räcker inte för att lösa problemet. EU-ländernas sammanlagda skuld uppgår till 9000 miljarder euro. Stabilitetsfonden skulle kunna hosta upp 200 mrd, IMF ytterligare 200 mrd. Enast ECB kan kapitalisera bankerna. Alternativ till ett nytt EU-fördrag: "budgetdisciplinärt råd" och ECB:s regler för säkerheter (collaterals): "The proposal is for some European authority (the Commission? Or some other body?) to take over fiscal policy in a country that runs afoul of the Stability and Growth Pact. The idea that a country loses fiscal policy sovereignty is inspired by IMF programmes. " "The ECB has the authority to decide what collateral it accepts and it could decide to only accept treasury bonds issued by governments that exercise fiscal discipline. "
"Talousministerit ovat sopineet, että euromaiden kriisirahastot, Euroopan Rahoitusvakausväline (ERVV) ja Euroopan Vakausmekanismi (EVM) saavat yhteensä myöntää korkeintaan 700 miljardin euron hätäluotot."
23.5.2011: Hexicon är en spektakulär, sexhörnad flytande energiplattform som fullt utbyggd med både vågkraftverk och vindkraftverk kan få en effekt på över 60 MW. Tillsammans med åtta andra svenska projekt inom bioenergi, vindkraft och Smarta Nät har Hexicon Baltic gått vidare till en noggrannare granskning hos Europeiska Investeringsbanken EIB.
The proposed financial transaction tax should be better designed to capture more traders and make evasion unprofitable, said the European Parliament in its opinion adopted on Wednesday. The opinion also says the tax should go ahead even if only some Member States opt for it. The tax rates proposed by the Commission (0.1% for shares and bonds and 0.01% for derivatives) are considered suitable and pension funds should be the only sector exempted from the tax
Jan Hurri, Taloussanomat 30.5.2012: "Protestiäänet ovat jo nostaneet Kreikassa uusnatseja parlamenttiin. Silti Kreikan "pelastajat" yhä painostavat toivottomaan jamaan suistunutta maata jatkamaan mahdotonta talouden tuhokuuria. Tämä ei ole enää vain järjetöntä vaan pelottavaa. Talouden ahdinko ja sitä varta vasten pahentaneet talouspolitiikan päättömyydet ovat ennenkin avittaneet ääriliikkeitä Euroopassa valtaan – kammottavin seurauksin."
Mediapart 17.7. "... un grave dérèglement au sein de la zone euro, d’une dérive entre l’Europe du Nord et l’Europe du Sud, les capitaux fuyant ce qu’ils considèrent être des zones à risque pour se réfugier dans les pays considérés comme plus sûrs, acceptant même de perdre de l’argent pour mettre dans l’immédiat leur argent en sûreté."
Osasyy juuri pankkiosakkeiden suosioon ja hirmuiseen kurssinousuun lienee yksinkertaisesti se, että juuri pankkien hallussa on suuri määrä kriisivaltioiden velkakirjoja. Pankit ovat toisin sanoen hyötyneet kyseisten velkakirjojen arvonnoususta. Samoin ne ovat hyötyneet kriisin hellittämisestä eli Draghin lupauksen suotuisista tunnelmavaikutuksista.
Global Financial Integrity - Raymond Baker "As European and Russian officials currently weigh the merits of bailing out the Cypriot economy, GFI's study raises serious concerns about the legitimacy of Cyprus' financial sector. The report notes that Cyprus, a tiny island nation with a GDP of just $23 billion, is the largest source and destination of Russian foreign direct investment (FDI) from 2009-2011. According to the IMF, Cyprus sent $128.8 billion in FDI into Russia in 2011, more than 5 times the size of Cyprus' GDP. "The recorded FDI positions merely reflect the round-tripping of prior illicit deposits from Russia into Cyprus," write Dr. Kar and Ms. Freitas in the report."
TED June 2013 ; papandreou prime minister 2010, decisions on austerity, greece triggered the eurocrises; but greece was only a symptom; our democracies trapped by systems too big to fail ("the markets"); I relised that we were lead by our fears which lead to blind ffaith in orthodoxy
Åsa Mobergs kapitel om rivningen av Barsebäck i ny bok "Ett extremt dyrt och livsfarligt sätt att värma vatten" : "Efter Sovjetunionens sönderfall skulle västliga normer för säkerheten tillämpas och åtskilliga reaktorer avvecklades.... EU hjälper till ekonomiskt eftersom stängningarna ofta är en följd av krav från väst. 2011 hade EU beviljat anslag på 3 miljarder euro, eller 25 miljarder kronor, till rivning av reaktorer i Litauen, Bulgarien och Slovakien. Mellan 2014 och 2020 kommer dessa länder att få ytterligare 500 miljoner euro, omkring 4,3 miljarder kronor. Det är mycket mindre än de berörda länderna begärt. Enligt Litauens premiärminister Andrius Kublius är summan oacceptabelt låg. Litauen hade bett om 700 miljoner euro och de andra om liknande summor. Alla tre har gått med på att stänga reaktorer för att kunna bli medlemmar i EU. Men EU-kommissonen kräver att de fullt ut ansluter sig till EU:s kärnsäkerhetslagstiftning innan mer pengar anslås, samt att man visar en plan för resten av rivningskostnaderna."
Eurotalous kompuroi kohti uutta taantumaa ennen kuin se on toipunut edellisestäkään. Kompurointia pahentaa europäättäjien erimielisyys ongelmien syistä ja siitä, pitäisikö taloutta elvyttää finanssi- vai rahapolitiikan konstein - vai pitäisikö taloutta sittenkin kiristää. Muualla menee paremmin. 8.10.2014 06:01 Jan Hurr
Myriam van der Stichele: "A short edition of the EU financial reform Newsletter provides the background of the latest financial and political crises in different EU countries, with focus on the Cyprus crisis. This newsletter was finalized just before the Cypriot parliament rejected the deal and since the quick events have been changing every day, about we will provide an update later."
The shocking fact at a time of austerity is that EU military expenditure totalled €194 billion in 2010, equivalent to the annual deficits of Greece, Italy and Spain combined. "Despite the clear evidence of the cost of high military spending, military leaders continue to push a distorted and preposterous notion that European Union’s defence cuts threaten the security of Europe’s nations. NATO’s secretary general, Anders Fogh Rasmussen “has used every occasion to cajole alliance members into investing and collaborating more in defense.” "
20.12.2013 London - Die Rating-Agentur Standard & Poor's (S&P) hat der Europäischen Union (EU) die Bestnote entzogen. Die Note für die Kreditwürdigkeit sei wegen der schwächeren Verfassung ihrer 28 Mitgliedsländer um eine Stufe von AAA auf AA+ gesenkt worden, teilte S&P mit. Den Ausblick hielt die Agentur allerdings auf stabil. Damit ist zunächst nicht mit einer weiteren Abstufung zu rechnen.