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George Dorgan on Zerohedge

Eurobonds, fiscal or banking union are all pure utopia

2012-08-31

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 solved by supply side reforms as formulated in the Euro Plus Pact, reforms that were already successfully introduced during the Thatcher/Reagan era in the …

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The End of ECB Rate Cuts or Draghi against Weidmann to be Continued..

2012-08-30

by George Dorgan

2012-08-30

Even in the unlikely case of a fiscal union, the conflict “Draghi against Weidmann”, between the ECB and the Bundesbank will continue for years. The ECB mandate and european inflation figures do not allow for excessive ECB rate cuts or for state financing via the printing press, but Draghi wants to help his struggling …

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The win of the pro-bailout parties in the Greek elections was no win for the SNB

2012-06-25

by George Dorgan

2012-06-25

The win for the pro-bailout parties in the Greek elections was no win for the Swiss National Bank (SNB), even if the fear of an immediate bank-run and extreme money flows into Switzerland are avoided. Also the fact that QE3 is not coming in the next weeks did not help the SNB.

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