Category Archive: 2) Swiss and European Macro
8) Euro Crisis and Euro Macro
We are currently looking for a curator that takes over the euro macro category. The Euro Crisis and its Reasons, details and chronology, German economists ,Eurobonds, fiscal or banking union,Who Says No to Austerity, Says Yes to the Northern Euro Ways to the Northern Euro
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All roads lead to a euro zone break-up
For us all roads lead to a euro zone break-up and multiple sovereign defaults. Our reasoning can be summarized as follows: Equities are worthless when associated debt becomes encumbered (risk capital takes the first loss). Equity is not an asset; it is merely the remainder that is left over once debt is subtracted from …
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Otmar Issing’s new book on the euro crisis
We well remember when the über-bailouter of the Financial Times Wolfgang Münchau claimed that except some old economy professors like Otmar Issing nobody in Germany would like to abolish the euro. According to Münchau the euro can be saved only via a fiscal and a banking union. The response to Münchau’s post could be … Continue reading...
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Guest Post: Six Reasons Why Italy May Exit the Euro Before Spain; Ultimate Occupy Movement
Six Reasons Why Italy May Exit Before Spain
1) Rise of the Five Star Movement
2) 44% of Italians view the euro negatively, only 30% favorably. That is biggest negative spread in the eurozone. In Spain more view the euro positively than negative, albeit by a small 4 percentage point spread.
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Full 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 Financial-Sector Policy Conditionally
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Diskussion beim IFO-Institut: Die Schuldengemeinschaft und Generationengerechtigkeit
Die Aufklärung für den mündigen Bürger über ESM, Eurobonds, Schuldengemeinschaft und Generationengerechtigkeit. Nehmen Sie sich die Zeit und Sie können die kommende Politik Merkels und den weiteren Verlauf der Eurokrise voraussehen, möglicherweise sogar mit ihrem Investment .
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German 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.
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Update vom Deutschen Verfassungsgericht 11. Juli
Deutsches Verfassungsgericht braucht 3 Monate für seinen Eilentscheid, der nun eine halbe Hauptsachenentscheidung ist. Die Wahl im Gericht zwischen der system-relevanten Bank ESM und dem "Herausschmeissen" der Südländer aus dem Euro und vieles aus dem Verfassungsgericht.
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German constitutional court injunction decision on ESM and the potential referendum
What is the injunction procedure of the German constitutional court exactly about. What are the arguments of the Anti-ESM and the Pro-ESM fractions ?
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Switzerland in MoM deflation due to cheaper energy and clothes
Slowing energy prices (MoM -4.2%) and seasonal effects for clothes and footwear (MoM -2.8%) drove Switzerland in a slight deflation on monthly basis again.
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Only 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 Eurobonds and many more European “utopias”, as we called it. The German chancellor Angela Merkel recently connected her life with the fulfillment of the voters wish to …
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Wolfgang 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 nothing really new. Münchau even claims that "The real victor in Brussels was Merkel."
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At 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.
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Merkel: ‘No Eurobonds as Long as I Live’, Hollande: ‘Eurobonds will take up to 10 years’
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".
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Can 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:
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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
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The German supply-side reforms or will German companies take over the PIIGS ?
Words heart on German street in 2010 during the first Greek bailouts were that Germany should obtain the Greek islands as collateral if Greece is not able to pay back the debt to Germany. But even today German n-tv is reporting about many Greek real estate brokers that are currently delling islands. If it is not that type … Continue...
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The Northern Euro introduction: A retrospective from the year 2030
A retrospective from the year 2030 on two decades of failed european integration policy and 10 years of successful disintegration policy The following essay shows that currency regimes come and go over the time. Nothing is stable with the time, especially the use of a currency. What has never happened in history is the use …
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