EUROBOND or EU Collapse - Global Macro Tipping Points
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The document discusses the European sovereign debt crisis and options for resolving it. It states that either European countries need to jointly issue Eurobonds to guarantee each other's debts, or the European Union will collapse. It also includes statements by the European Central Bank president welcoming fiscal reforms by Italy and Spain, stressing the need to adhere to deficit reduction targets and implement decisions from a July EU summit, and outlining the ECB's plan to intervene in bond markets to ensure monetary policy transmission and price stability.
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EUROBOND or EU Collapse - Global Macro Tipping Points
- 1. Global Macro Tipping PointsAugust 16th, 2011 IT’S EITHER A EUROBOND or the EU is Kaput!
- 2. Global Macro Tipping PointsAugust 16th, 2011 A EUROBOND or the EU is Kaput!
- 3. Global Macro Tipping PointsAugust 16th, 2011 A EUROBOND or the EU is Kaput!
- 4. Global Macro Tipping PointsAugust 16th, 2011 A EUROBOND or the EU is Kaput!
- 5. Global Macro Tipping PointsAugust 16th, 2011 A EUROBOND or the EU is Kaput!
- 6. Global Macro Tipping PointsAugust 16th, 2011 A EUROBOND or the EU is Kaput!
- 7. Global Macro Tipping PointsAugust 16th, 2011 A EUROBOND or the EU is Kaput!
- 8. Global Macro Tipping PointsAugust 16th, 2011 A EUROBOND or the EU is Kaput!
- 9. Global Macro Tipping PointsAugust 16th, 2011 A EUROBOND or the EU is Kaput!
- 10. Global Macro Tipping PointsAugust 16th, 2011 A EUROBOND or the EU is Kaput!
- 11. Global Macro Tipping PointsAugust 16th, 2011 A EUROBOND or the EU is Kaput!
- 12. Global Macro Tipping PointsAugust 16th, 2011 A EUROBOND or the EU is Kaput!
- 13. Global Macro Tipping PointsAugust 16th, 2011 A EUROBOND or the EU is Kaput!
- 14. Global Macro Tipping PointsAugust 16th, 2011 A EUROBOND or the EU is Kaput!
- 15. Global Macro Tipping PointsAugust 16th, 2011 A EUROBOND or the EU is Kaput! Statement by the President of the ECB 1. The Governing Council of the European Central Bank (ECB) welcomes the announcements made by the governments of Italy and Spain concerning new measures and reforms in the areas of fiscal and structural policies. The Governing Council considers a decisive and swift implementation by both governments as essential in order to substantially enhance the competitiveness and flexibility of their economies, and to rapidly reduce public deficits. 2. The Governing Council underlines the importance of the commitment of all Heads of State or Government to adhere strictly to the agreed fiscal targets, as reaffirmed at the euro area summit of 21 July 2011. A key element is also the enhancement of the growth potential of the economy. 3. The Governing Council considers essential the prompt implementation of all the decisions taken at the euro area summit. In this perspective, the Governing Council welcomes the joint commitment expressed by Germany and France today. 4. The Governing Council attaches decisive importance to the declaration of the Heads of State or Government of the euro area in the inflexible determination to fully honor their own individual sovereign signature as a key element in ensuring financial stability in the euro area as a whole.. 5. It equally considers fundamental that governments stand ready to activate the European Financial Stability Facility (EFSF) in the secondary market, on the basis of an ECB analysis recognizing the existence of exceptional financial market circumstances and risks to financial stability, once the EFSF is operational. 6. It is on the basis of the above assessments that the ECB will actively implement its Securities Markets Program. This program has been designed to help restoring a better transmission of our monetary policy decisions – taking account of dysfunctional market segments – and therefore to ensure price stability in the euro area
- 16. Global Macro Tipping PointsAugust 16th, 2011 A EUROBOND or the EU is Kaput!
- 17. Global Macro Tipping PointsAugust 16th, 2011 A EUROBOND or the EU is Kaput!
- 18. Global Macro Tipping PointsAugust 16th, 2011 A EUROBOND or the EU is Kaput!
- 19. Global Macro Tipping PointsAugust 16th, 2011 A EUROBOND or the EU is Kaput!
- 20. Global Macro Tipping PointsAugust 16th, 2011 A EUROBOND or the EU is Kaput!
- 21. Global Macro Tipping PointsAugust 16th, 2011 A EUROBOND or the EU is Kaput!
- 22. Global Macro Tipping PointsAugust 16th, 2011 A EUROBOND or the EU is Kaput!
- 23. Global Macro Tipping PointsAugust 16th, 2011 A EUROBOND or the EU is Kaput!
- 24. Global Macro Tipping PointsAugust 16th, 2011 A EUROBOND or the EU is Kaput!
- 25. Global Macro Tipping PointsAugust 16th, 2011 A EUROBOND or the EU is Kaput!
- 26. Global Macro Tipping PointsAugust 16th, 2011 A EUROBOND or the EU is Kaput!
- 27. Global Macro Tipping PointsAugust 16th, 2011 A EUROBOND or the EU is Kaput!
- 28. Global Macro Tipping PointsAugust 16th, 2011 A EUROBOND or the EU is Kaput!
- 29. Global Macro Tipping PointsAugust 16th, 2011 A EUROBOND or the EU is Kaput!
- 30. Global Macro Tipping PointsAugust 16th, 2011 A EUROBOND or the EU is Kaput!
Notas del editor
- 08-16-11- FRANCO-GERMAN SUMMIT: The two leaders also pledged to integrate financial and economic policies to a greater extent in the face of Europe's debt crisis. They proposed a tax on financial transactions in all the euro-zone countries starting in summer 2012, and called for closer joint governance of economic policy. A plan for Germany and France to harmonize their corporation tax will be drawn up by next year, to take effect starting in 2014.