Eurobonds, fiscal union or banking union are all pure utopia
Eurobonds are light years away.Germany wants the following order: 1) Euro Plus Pact 2) Fiscal Compact 3) ESM 4) Political union 5) Fiscal union 6) Eurobonds
View ArticleCan Merkel stop the Eurobonds ? German “Der Focus” on Eurobonds
The German “Der Focus”,one of the most successful weekly magazines, titles “Can Merkel stop the Eurobonds ?” Der Focus claims that Eurobonds have the following issues: For Germany, the interest...
View ArticleMerkel: ‘No Eurobonds as Long as I Live’, Hollande: ‘Eurobonds will take up...
German chancellor Angela Merkel today confirmed the content of our article that Eurobonds are pure utopia. She vows “No Eurobonds as Long as I Live”. More on Spiegel Online Again we urge our...
View ArticleAt the Euro summit there was nothing really new. What was the party about ?
At the euro summit today there was essentially nothing what was really surprising. We wonder what markets are so excited about. The long way to Eurobonds As we stated in a previous post, Germany...
View ArticleWolfgang Münchau, FT: Merkel was the winner of the Euro summit
Wolfgang Münchau endorsed many of our arguments Wolfgang Münchau, Financial Times, has endorsed many of our arguments of our Friday’s opinion about the Euro summit where we stated that there was...
View ArticleOnly 17% of German voters in favor of Eurobonds
Voters are strongly against many other European utopias The newest poll of the Forsa institute, here in the left-wing Stern and the conservative Welt, shows that Germans are strongly against...
View ArticleGerman constitutional court needs 3 months to decide about the injunction
The German constitutional court will need up to 3 months for the injunction. Weidmann's critic on the ESM in detail. Estimations of German liability between 900 bln. and 2 trillion EUR.
View ArticleFull text Spanish banks bailout: Memorandum of Understanding
Here the full text of the European’ Commission’s Memorandum of Understanding with Spain regarding the bailout of the Spanish banking sector released earlier today. Memorandum of Understanding on...
View ArticleEurobonds, fiscal or banking union are all pure utopia
Germany’s stance in the euro crisis: More than ESM will not be possible for many years updated on August 31, 2012 German politicians and the German Bundesbank believe that the Euro crisis can be only...
View ArticleThe Euro Crisis: Details and chronology and the German Perspective on it
The history of EU reforms, bailouts during the euro crisis and the German perspective on them
View ArticleWays to the Northern Euro
Two ways for building the Northern euro, exit of Southern members or slow creation of Northern euro with currency interventions of central banks.
View ArticleCyprus Levy on Deposits: New Escalation or Final Stage of Euro Crisis?
Nicosia will impose a 9.9 percent one-off levy on deposits above 100,000 euros in Cypriot banks. This constitutes maybe the final stage of the euro crisis, with the very last country to be rescued. Or...
View ArticleCyprus: The initial compromise and reactions
The initial compromise The Cyprus compromise combines a 10 billion € bailout with European, basically German tax-payers money, that also obliges rich account owners (9.9% levy) – rich Russians and...
View ArticleCyprus, the Final Compromise: The Winners and the Losers
UPDATE March 25 The final compromise: via Reuters TOP NEWS Detail of EU/IMF bailout agreement with Cyprus Sun, Mar 24 22:19 PM EDT BRUSSELS (Reuters) – Cyprus clinched a last-ditch deal with...
View ArticleDijsselbloem: The End of the Bankers’ and Bond Holders’ Moral Hazard
We have insisted in several posts that the northern euro zone is very reluctant to continuously bail out the periphery and in particular its banks. The euro group chief Dijsselbloem has confirmed this...
View ArticleEuropean Banking Assets and Debt
Still in summer 2013, too much debt was an issue. By 2014 things have changed: Europeans have too many savings.
View ArticleEurobonds, fiscal union or banking union are all pure utopia
Eurobonds are light years away.Germany wants the following order: 1) Euro Plus Pact 2) Fiscal Compact 3) ESM 4) Political union 5) Fiscal union 6) Eurobonds
View ArticleCan Merkel stop the Eurobonds ? German “Der Focus” on Eurobonds
The German "Der Focus",one of the most successful weekly magazines, titles "Can Merkel stop the Eurobonds ?" Der Focus claims that Eurobonds have the following issues: For Germany, the interest...
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