Listen,do you want to know a secret
Do You promise not to tell,whoa,oh
Closer,let me whisper in your ear
Listen,do you want to know a secret
Do You promise not to tell,whoa,oh
Closer,let me whisper in your ear
Tags:ECB, elections, Eric Rosengren, EU, Europe, Fed, FOMC, France, Janet Yellen, Jon Hilsenrath, Mario Draghi, Nicholas Sarkozy, William Dudley
Posted in Europe, Fed | 2 Comments »
I’M UP ON THE TIGHTROPE,ONE SIDES HATE AND ONE IS HOPEIT’S A CIRCUS GAME WITH YOU AND ME
Tags:Angela Merkel, Aussies, BOC, Canada, Canadian crosses, ECB, EU, EU Summit, Euribor, Eurocrats, France, Germany, Herman Von Rompuy, Mario Draghi, Nicholas Sarkozy, RBA, referendum, Timothy Geithner, Yen
Posted in Currency, ECB, Europe, RBA | 6 Comments »
A previously planned meeting between Frau Merkel and President Sarkozy has been canceled as Merkel claimed to be too busy pushing through an €80 billion cut in the German budget that will take place during the next four years. The meeting between the European powerhouses was meant to resolve some ill will that had resulted from the Greek bailout and were undoubtedly the result of Sarkozy’s preening like a Peacock in thinking that he had bested the German political establishment. We will hear more about this as we approach the European summit scheduled for June 17-18. The Sarkozy-Merkel meeting has reportedly been moved back to June 14–we await further developments. It is of more than passing interest that it is Germany pushing hard for budget cuts as it is setting the bar ever higher for the profligate nations. The German banks, and now government, are on the hook for a lot of money so they are going to push for greater European austerity–this will not amuse U.S. Treasury Secretary Tim Geithner. Also, Europe has now determined that the €750 billion package to buy stressed debt is officially set up as a special purpose vehicle (SPV), so all that bond buying will be carried off the balance sheet of the ECB and this phrase reminds us of Enron. We will look into the plumbing the more info that becomes available.
Tags:Angela Merkel, Ben Bernanke, ECB, Euro, Euro/Yen, Fed, Nicholas Sarkozy, Timothy Geithner
Posted in Currency | Leave a Comment »
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