Европейский Саммит: Комментарии Канцлера Меркель

 Учитывая, что сегодня ранним утром мы получили из Брюсселя всего лишь меморандум о взаимопонимании (по сути пока только декларацию, на которую тем не менее рынок отреагировал весьма позитивно) решающим моментом должен был стать пресс-релиз о позиции Канцлера Меркель по основным положениями принятого меморандума. Госпожа Меркель фактически подтвердила согласие Германии на проведение интервенций на долговых рынках периферийных стран силами фондов ESFS/ESM. Однако в той части, которая касается возможности прямого финансирования европейских банков из средств фонда ESM, были высказаны некоторые особенные условия. Прежде всего это касается выполнения фискальных обязательств со стороны проблемных стран по сокращению расходов и принятия решения о передаче части национального суверенитета в руки специального единого надзорного органа. Что касается статуса кредитора первой инстанции, то вроде бы в комментариях не содержится никакого согласия Меркель на изменение привилегий для государственных фондов.





We have taken important decisions last night. First we 
agreed that if countries need the instruments to buy bonds on 
the primary or secondary market from the EFSF or ESM then the 
conditionality will be agreed as follows: 





„The country report will be presented to the Commission on 
which basis we will agree a memorandum of understanding in which 
there will be a time-frame. The EU/IMF 'troika' will then 
supervise, as it is always usual in the EFSF and ESM, whether 
the conditions are met. 


   
“That would be the case if Spain or Italy, with regards to 
their interest burden, make use of such instruments. Then this 
conditionality would apply, which we have agreed on precisely, 
according to the rules we have.» 
     

 

“Our formula hasn’t changed,”
Merkel told reporters as she arrived for day two of a European Union leaders summit in Brussels.
“I think we have taken some important decisions, but we remain true to our philosophy of no help without something in return.”


     

 
«Secondly, regarding the banking recapitalisation which 
Spain has requested, a request will be made with the EFSF. Once 
the ESM becomes available, then the application will be 
transferred to the ESM.



The seniority of the bonds will not be 
changed.
For Spain we won't do what is otherwise applicable in 
the ESM regarding the preferred creditor status because the 
request was made through the EFSF, where such details do not 
apply.»  

Комментарии (32)

свернуть / развернуть
+
Памятка которая всегда висела в общаге у Меркель в ее бытность инструктором местного немецкого комсомола


КАПИТАЛИЗМ — У вас две коровы, вы продаете одну и покупаете быка; ТРЕД-ЮНИОНИЗМ — У вас две коровы, у вас забирают обеих, одну забивают, другую доят, а молоко выливают в канаву; СОЦИАЛИЗМ — У вас две коровы, правительство забирает одну и отдает ее соседу; КОММУНИЗМ — У вас две коровы, правительство забирает обеих и выдает вам молоко; ФАШИЗМ — У вас две коровы, правительство забирает обеих и продает вам молоко; НАЦИЗМ — У вас две коровы, правительство забирает обеих, а вас расстреливает. МОРАЛЬ: Не связывайтесь с коровами. От них одни неприятности
+
13:23 29Jun12 RTRS-SPAIN'S GOVERNMENT TO INITIALLY GET BANK RECAPITALISATION LOAN,  BUT THE OPERATION WILL BE SWITCHED TO DIRECT BANK  RECAPITALISATION ONCE ESM AQCUIRES THAT CAPABILITY-OFFICIAL
     BRUSSELS, June 29 (Reuters) — The Spanish government will initially borrow money from the euro zone to recapitalise its banks, but the loan to the sovereign will be changed to direct bank recapitalisation once the ESM permanent bailout fund acquires that capability, a senior euro zone official said. 


   The permanent bailout fund, the European Stability Mechanism (ESM), will be able to directly recapitalise banks once the European Central Bank takes on the role of a euro zone-wide bank supervisor, euro zone leaders agreed earlier on Friday. 


   «Already 14 out of the 17 euro zone central banks have supervisory powers, so it can happen quite quickly — by the end of the year or early in 2013,» the senior euro zone source said. 


   Once the ESM can recapitalise Spanish banks directly, it would do so, allowing the banks to reimburse the Spanish government for the recapitalisation loans that it will take now. 


   «This will mean that the impact on Spanish public debt will be eliminated,» the senior euro zone source said. 


   Euro zone ministers have made available up to 100 billion euros to lend to Spain for thee bank recapitalisation. If  Madrid were to use all that money, its debt would rise by about 10 percentage points above 90 percent of gross domestic product.
 
+
Онжелло скоро пойдёт в Бундестаг объяснять особенности бурной европейской ночи…
+
GERMAN OPPOSITION SPD BUDGET EXPERT SCHNEIDER SAYS OPEN QUESTION WHETHER PARLIAMENT CAN VOTE ON ESM TODAY

GERMAN CONSERVATIVE BUDGET EXPERT BARTHLE SAYS DOES NOT DEEM IT NECESSARY TO POSTPONE ESM VOTE
RTR, 06/29 07:37AM

Source: Thomson News
-----------------------------
Оппозиция в нерешительности =)
+
MERKEL SAYS VOTE ON ESM IN GERMAN PARLIAMENT WILL HAPPEN TODAY
RTR, 06/29 07:54AM

Source: Thomson News
+
BRUSSELS-MERKEL SAYSEXCEPTION FROM SENIORITY OF ESM ONLY APPLIES TO SPANISH AID

MERKEL SAYS CONDITIONALITY STILL APPLIES TO EURO ZONE RESCUE FUNDS

MERKEL SAYS MANY COUNTRIES DID NOT WANT ESM'S PREFERRED CREDITOR STATUS REMOVED AS GENERAL MEASURE, APART FROM SPAIN

MERKEL SAYS SHE PUSHED FOR PROCEDURES TO BE RESPECTED

MERKEL SAYS STANCE AGAINST EUROBONDS REMAINS UNCHANGED AND SHE REITERATED THAT TO SUMMIT

MERKEL SAYS CAN IMAGINE VARIOUS SOLUTIONS TO HIGH INTEREST RATES PAID BY COUNTRIES ITALY AND SPAIN INCLUDING INSURANCE SOLUTION

MERKEL SAYS WORKING WELL WITH FRENCH PRESIDENT HOLLANDE

MERKEL SAYS UP TO FINANCE MINISTERS TO DECIDE WHETHER GUARANTEES FOR DIRECT AID TO BANKS WOULD BE WITH STATES OR ESM
RTR, 06/29 07:53AM

Source: Thomson News
+
GERMAN CHANCELLOR ANGELA MERKEL
    ON MEASURES TO KEEP SPANISH AND ITALIAN DEBT COSTS FROM
SPIRALLING OUT OF CONTROL:
    «There was pressure here to find a solution and I saw my
role as ensuring that these solutions should respect the
procedures that we already know and have and the guidelines
given by the Bundestag.»
    
    ON ESM CREDITOR STATUS:
    «There was also discussion about whether one can remove the
ESM's preferred creditor status in general. That did not happen.
There were some who wanted it removed in general, but quite a
large number of countries said there was no way it should be
removed in general.
    „We only agreed that because Spain is applying under the
EFSF it should keep the same conditions.“
    
    ON WHETHER SHE WAS SURE THE GERMAN PARLIAMENT'S VOTE ON
RATIFICATION OF THE ESM AND FISCAL PACT LATER ON FRIDAY:

   »110 percent… The ESM as it will be used here will be
voted on today."


--------------------------------
=)

+
MERKEL COALITION PARL'T LEADER SAYS VOTE ON ESM,. FISCAL PACT TO TAKE PLACE ON FRIDAY AS SCHEDULED
RTR, 06/29 09:34AM

Source: Thomson News
+
 
Merkel; says direct ESM bank recapitalization could be in only
a few months, maybe 1 year.
 
Merkel reaffirms there will be conditionality to every ESM
program.
 
+
И вот пришел лесник....

GERMAN FINANCE MINISTER SCHAEUBLE SAYS NO EURO BONDS IN HIS LIFETIME EITHER WITHOUT COMMON FINANCIAL POLICY
RTR, 06/29 01:43PM

Source: Thomson News
+
Обсуждение итогов саммита до сих пор продолжается и толком никто не может понять, каким образом принятые решения все таки будут исполняться. Поскольку конкретных подписей или договоренностей никто не увидел… были только слова, причем у всех совершенно разный подход к результатам. К примеру социалистический президент Оланд вообще заявил, что фонд ESM очень удачный случай для помощи проблемным странам, так как для того чтобы одобрить выделение помощи оттуда для каких-либо стран, не надо единогласного одобрения, в отличие от фонда EFSF… Чиновники которые присутствовали на саммите были возмущены таким сообщением социалиста, поскольку такого уговора не было


In stark contrast to his German and Dutch counterparts, French President François Hollande said a key clause of the ESM had been changed to allow decisions to be made without unanimity.
Unlike the EFSF, Mr. Hollande said, the «ESM has an advantage, namely that it doesn't have unanimity.» Once the EFSF had been replaced by the ESM, the need for full unanimity would be removed, he said.
The comment surprised EU officials, who said Mr. Hollande's view wasn't in line with the current ESM treaty, which will be ratified by France and other countries in the coming weeks.
«If Hollande said this, we might as well all go home and scrap the ESM, because this was not what was agreed in the ESM treaty,» a diplomat from one euro-zone country said.
+
The Devil in the details 
+
GERMAN LOWER HOUSE BUNDESTAG APPROVES EU'S NEW FISCAL COMPACT — SPEAKER
RTR, 06/29 03:21PM

Source: Thomson News


German lower house approves EU's fiscal pact
German lower house approves EU's fiscal pact RTR, 06/29 03:29PM BERLIN, June 29 (Reuters) — The lower house of Germany's parliament, the Bundestag, resoundingly approved on Friday the EU's new fiscal compact that sets tough budget rules championed by Chancellor Angela Merkel. The compact was backed by 491 votes, with 111 votes against and six abstentions, meaning Merkel easily won the required constitutional two thirds majority. The outcome of the vote was never seriously in doubt after opposition parties agreed to back the fiscal compact in return for growth and job creation measures. The Bundestag was also set shortly to vote on the euro zone's permanent bailout scheme, the European Stability Mechanism (ESM). The upper house, or Bundesrat, is expected to approve both pieces of euro debt crisis legislation later on Friday and then President Joachim Gauck must sign them into law — but only once the constitutional court has given the go-ahead.

+
GERMAN LOWER HOUSE BUNDESTAG APPROVES ESM BAILOUT FUND — SPEAKER
RTR, 06/29 03:39PM

Source: Thomson News
+

German lower house approves ESM bailout scheme
German lower house approves ESM bailout scheme RTR, 06/29 03:43PM BERLIN, June 29 (Reuters) — The lower house of Germany's parliament approved with an overwhelming majority on Friday the euro zone's permanent bailout scheme, the European Stability Mechanism (ESM), shortly after also backing the EU's new budget rules. The Bundestag backed the ESM by 493 votes, with 106 against and 5 abstentions. Those opposing the fund included some lawmakers from Chancellor Angela Merkel's conservative coalition unhappy about using German taxpayers' money to bail out struggling members of the euro zone such as Greece. The ESM cannot come into effect without German backing as it needs approval of countries making up 90 percent of its capital base. It is meant to come into force on July 9 but Germany may miss the deadline because ratification also requires approval by the constitutional court. The upper house, or Bundesrat, is expected to approve both the ESM and the new budget rules, known as the fiscal compact, later on Friday.

+
  белая горячка 

Выдержки из статей: одна датирована 29 июня 2011 года. Вторая 29 июня 2012 года.

NEW YORK—Blue-chip stocks posted their biggest gain in more than two months, as signs of progress in Greece's debt crisis sparked a broad market rally.
The Dow Jones Industrial Average rose 145.13 points, or 1.21%, to 12188.69, for the measure's biggest one-day gain since April 20. Caterpillar CAT +2.30% led blue chips as it rose $3.04, or 3%, to 103.84, reflecting investors' increased willingness to take on risk, rather than any company-specific news. McDonald's rose 2.03, or 2.5%, to 84.35, and Home Depot HD +2.30% added 86 cents, or 2.4%, to 36.06.
The Standard & Poor's 500-stock index gained 16.57 points, or 1.21%, to 1296.67, its highest close since June 3. Battered energy stocks led advancers, as all of the index's sectors finished with a gain.
The technology-oriented Nasdaq Composite jumped 41.03 points, or 1.53%, to 2729.31, its third gain in four sessions and also the highest close since June 3.
[29.06.12 23:40:04] григорий: 29 июня 2011 года
28.06.11 NEW YORK—Blue-chip stocks posted their biggest gain in more than two months, as signs of progress in Greece's debt crisis sparked a broad market rally.

The Dow Jones Industrial Average rose 145.13 points, or 1.21%, to 12188.69, for the measure's biggest one-day gain since April 20. Caterpillar CAT +2.30% led blue chips as it rose $3.04, or 3%, to 103.84, reflecting investors' increased willingness to take on risk, rather than any company-specific news. McDonald's rose 2.03, or 2.5%, to 84.35, and Home Depot HD +2.30% added 86 cents, or 2.4%, to 36.06.
The Standard & Poor's 500-stock index gained 16.57 points, or 1.21%, to 1296.67, its highest close since June 3. Battered energy stocks led advancers, as all of the index's sectors finished with a gain.
The technology-oriented Nasdaq Composite jumped 41.03 points, or 1.53%, to 2729.31, its third gain in four sessions and also the highest close since June 3. 

29.06.12 NEW YORK - Stocks headed toward their best June in more than a decade after European leaders at a summit in Brussels made more progress than investors expected in addressing the region's debt crisis.
The Dow Jones Industrial Average jumped 231 points, or 1.8%, to 12,833 in late-afternoon trade, putting it on track for its biggest percentage jump since June 6 and its second-largest of the year.

The Standard & Poor's 500-stock index jumped 28 points, or 2.1%, to 1357. All 10 of the index's sectors rose, with the industrials and technology groups—which are seen as exposed to global growth--pacing gains. The S&P 500 and the Dow were on track to post their biggest percent increases since 1999. The gains trimmed stocks' first quarterly decline since late September, following a big retreat in May.

The Nasdaq Composite rose 80 points, or 2.8%, to 2929, on pace for its steepest climb of the year. 
 
+
Итальянкие и французкие газеты заполнены громогласным уррааа, мы выиг( ралли/?/) в борьбе с  фрау «Nein». Италия + France  vs Germany 2:0. Анжи Меркель стояла на своём, потому, что её эксперты считают, что  каждый новый шаг кредитной экспансии дожен быть подкреплён т.н. Auflagen,   сбережениями и депозитами граждан. Как это принято в «правильных» странах. Или в серьёзном банке. Южноевропейцы этот раунд выиграли, их бумаги добрый дядя из ESM в конечном итоге купит, но будут ли они (южноевропейцы ) сводить дебет с кредитом не в убыток, т.е. в среднесрочном плане больше зарабатывать и меньше потреблять, этот вопрос ушёл за рамки встречи.  
Боюсь, что он (… проклятый вопрос ) совсем не второстепенный.
C утра смотрел не EUR/USD, думал 1,256  безумие, потом на AUD/EUR всё в норме. Вечером передумал, лучший сценарий было скорее продать USD/CHF и вечером перевернуться, или? Сейчас не знаю, скорее усилить шорт на бундесфьюч FGBL тевтонских десятилеток в понедельник.
+
Ну… скажем так… Анжи Меркель стояла на стороне своих банков, и иного решения по испанскому хамону и быть не могло… Это то, что касается краткосрочных мер.




«Доброго дядю из ESM» можно назвать так же и бедным дядей… если приглядеться...



А вообще, фрау двое суток, как зомби, повторяла одно слово «условленность»… слово это для всего мира осталось таинственным, и в выходные дни его будут пытаться «раскурить» практически все… Но, как вариант «раскурить» это слово может и не получится… потому что Германия — блефует.
+
наблюдал за евро/франком — робкий всплеск и снова прижали ко дну, доллар/иена -нормально так себя чувствует, истерических распродаж еника нет.
+
17:58ET German Parliament's Upper House approves European Stability Mechanism, and Fiscal Pact. 
+
американские фонды денежного рынка с августа 2011 по май 2012 года увеличили свои вложения в европейские банковские краткосрочные бумаги.


 
+
«The Wall Street Journal» немного «подпортил» впечатление от саммита ЕС, опубликовав статью на тему испанских банков....

По оценке одного из двух независимых консультантов, нанятых правительством для проведения стресс-тестов испанских банков, убытки кредитных организаций в следующие три года могут достигнуть 274 миллиардов евро 


Консалтинговая компания Oliver Wyman прогнозирует, что годовая прибыль испанских банков без учета резервов на покрытие потенциальных убытков может составить 23 миллиарда евро, что сопоставимо с показателями 2011 года, даже на фоне сокращения экономики на 6,5 процента, ожидаемого в рамках пессимистичного сценария.



Если крупнейшие банки Испании, Banco Santander SA и Banco Bilbao Vizcaya Argentaria SA, получают большую часть прибыли за счет операций за рубежом, деятельность менее крупных банков зависит от внутреннего рынка.


Большинство из них платят по депозитам более высокие проценты, чем получают по ипотечным кредитам. Самая прибыльная операция банков — привлечение кредитов Европейского Центробанка по ставке 1 процент и покупка гособлигаций Испании с доходностью около 6 процентов — грозит стране дефолтом.



“По мере дальнейшего ухудшения ситуации в экономике банки второго эшелона не смогут генерировать прибыль, и их убытки будут расти, — сказал главный кредитный стратег Royal Bank of Scotland Group Plc по Европе в Лондоне Альберто Галло. — Банковским убыткам нет конца, и полностью покрыть их невозможно. Банки, в конце концов, станут той последней каплей, которая переполнит чашу”.



Из-за завышенной оценки прибыли власти Испании могут запросить недостаточный объем финансовой помощи у Евросоюза для рекапитализации испытывающих трудности банков. Это повышает вероятность того, что программа помощи не поможет восстановить доверие инвесторов к банковской системе страны и даст лишь короткую передышку, как и четыре предыдущие попытки санации отрасли, предпринятые с 2010 года.
+
Минюст Германии подвердил, что на рассмотрение в Конституционный Суд страны поступил запрос от представителей оппозиции в Бундестаге на предмет проверки законности ратификации закона о фонде ESM. Минюст подтвердил также тот факт, что Суд начнет рассматривать это дело и вынесет вердикт. 

German Justice Minister Sabine
Leutheusser-Schnarrenberger suggested that the national Constitutional
Court would likely validate the ratification of the European bailout
fund ESM and the EU fiscal compact in Germany.
 
     «The Constitutional Court has in the past set principles for
individual bills, but it has not fundamentally objected to aid measures»
for ailing Eurozone member states, Leutheusser-Schnarrenberger told
German daily Passauer Neueste Nachrichten in an interview published
Monday.
 
     The government had taken into account the recent rulings of the
court, the minister said. Moreover, the ESM and fiscal compact bills
were passed in parliament with a two-thirds majority necessary for
changes to the constitution, she reminded
 
     President Joachim Gauck has already announced that he plans to
delay signing the bills. The Constitutional Court had asked him to wait
until it had decided on requests for preliminary injunctions that have
been filed against the two bills, Gauck said.
 
+
Проверка состояния французских финансов со стороны национального аудитора, выявила, что для Франции необходимо сокращение расходов в размере 43 мллрд.евро до 2013 года чтобы соответствовать критериям  Евросоюза по размеру бюджетного дефицита.

July 2 (Bloomberg) — French President Francois Hollande needs to find as much as 43 billion euros in budget cuts through 2013 to meet deficit commitments,  the national auditor said today.
+
Слухи о том, что Финнляндия и Голландия хотят заблокировать решение о покупке облигаций со стороны фонда ESM.

BUNDS: Sep Bunds reverse losses and squeeze higher after newswires
report Finland and the Netherlands govt are to block ESM bond buying in
the secondary market.
+
Какие то источники близкие к Еврогруппе и ЕЦБ, сообщают о том, что Совет Управляющих Европейского ЦБ раскололся и нет общего компромисса по поводу снижение учетной ставки на ближайшем заседании.  


  Bold first steps by EU leaders to allay financial
market concerns about the Eurozone have cleared the way for the European
Central Bank to cut interest rates, though the Governing Council has not
yet made a definitive decision, highly placed Eurosystem sources told
MNI.
 
     One senior central banker said there was a majority on the Council
in favor of a rate cut, given waning inflation pressure and growing
signs of recession. But he added that some members still had concerns
about cutting rates, particularly about the timing and effectiveness of
such a move.
 
     This source said the Council's hopes for «bold decisions» from last
week's EU summit had largely been met, although there were still «a few
gray areas.» He said the general idea on the Council was «to give a
signal of positive reaction,» presumably meaning a rate cut.
 
     Senior ECB officials have argued repeatedly over the past several
weeks that a genuine and lasting solution to the Eurozone crisis is in
the hands of the governments, not the central bank. They clearly had
been hoping for some political cover that would allow the ECB to address
the Eurozone's economic weakness without giving the appearance of
compensating once again for government inaction.
 
     Another senior Eurosystem official was more cautious about a rate
cut, suggesting it could be justified for economic reasons, but that
there was a political dimension as well.
 
     «The ECB is very careful and very cautious,» he said. «The ECB has
played hardball» on interest rates and on the prospects for another
long-term refinancing operation. «If you don't take those risks you
don't get results.»
 
     The official spelled out the dilemma facing the ECB in confronting
a crisis that has so frequently forced it into the role of front line
firefighter. «Firstly, you cannot be too lenient. There is a crisis of
trust in government and the central bank can't risk its credibility,» he
observed. «On the other hand, you have to think of economic well-being.
And the economy is significantly weakening.»
 
     A third well-placed central banker expressed much the same
sentiment, though he also suggested that the actions taken at the summit
will have allayed some of the Council's concerns.
 
     A rate cut, this official said, «could be helpful if governments
take care of certain actions. And you could argue they have gone quite
far in that already.» In addition, «the [economic] situation is not
good. Few countries are showing any growth outside Asia,» he observed.
He added: «Nothing's excluded, but there's no definite commitment yet.»
 
     Before the summit, investors had been braced for a harsh market
reaction in the case of a disappointing outcome. Central bankers had
told MNI they would be prepared, if necessary, to intervene on Monday to
provide some calm.
 
     But peripheral sovereign bond markets and the euro rallied sharply
on news that the leaders, overcoming mostly German objections, had
managed to agree on key moves to address investors' greatest fears: they
decided to drop the senior creditor status of the European Stability
Mechanism in the case of bank aid to Spain and eventually to allow the
ESM to inject capital directly into banks rather than burden governments
with extra debt. They also pledged to establish the framework of a
centralized Eurozone banking authority at the ECB by the end of this
year.
 
     However, none of the central bank officials who spoke to MNI were
under any illusion of being out of the woods yet. The third source said
that while another LTRO was not «crucial at this stage,» it might still
be needed further ahead.
 
     He even suggested that the ECB's SMP bond-buying program, which has
been dormant for many months, could conceivably be resurrected if
necessary. «You need to have your unconventional measures ready if
they're needed,» he said. «And they might be needed even though they
haven't been used recently.»
 
     One unrelenting stress point for Eurozone financial stability is
the situation in Greece, the first-cited central banker noted. «We have
tough negotiations between Greece and the troika that could last for
weeks and we don't know what the outcome will be,» he said. «We have
been informed by the Greek authorities that the recession there could
skyrocket to 9% in the third quarter of the year. Who can ignore that?» 
 
     The officials made clear they were not surprised by the leaders'
decision to make the ECB the central supervisor of European banks, but
they noted it would be a complex and thorny task.
 
     One of the problems that will arise, the second senior Eurosystem
official said, is the flow of information from the national central
banks to the Governing Council — assuming it is the ultimate supervisor
within the ECB. «The NCBs will be providing national information. Will
they tell the Council everything they should about certain national
banks, or politically sensitive institutions?»
 
     He noted that in Germany, bank supervision is supposed to reside at
the Bundesbank, «but in reality it's Bafin [the financial market
regulator] that pulls the strings. And Italy has a lot of firewalls in
place as well. How will the ECB be able to increase pressure on national
banks? And will the ECB have intrusive powers? We would need it. And
does the ECB have the resources, and will it be able to push
forbearance?»
 
     The third official noted that the precise form the supervisory body
within the ECB would take is a matter for negotiation. «You might have a
separate body within the ECB that is ring-fenced and does not have to
report to the Council in order to separate it from the monetary
transmission channel,» he ventured. «Or it reports to the bank's board
more directly. Or you have more of a European Banking Authority-type
structure.»
 
     He also suggested that the ECB might be keen to limit its remit to
supervising only the biggest European banks — a question that is sure to
be intensely debated later this year. «There's a good argument for
keeping smaller banks locally supervised,» he said.
 
+
Немецкий Конст.Суд вынесет решение по поводу законности ратификации закона о фонде ESM 10 июля.

Germany's constitutional court will next week
debate whether to grant an injunction against the Eurozone's ESM
firewall, which was challenged immediately after Germany's parliament
ratified the ESM and Fiscal Compact late Friday.
 
     The court said Monday it would consider the case on July 10.
Germany's Left Party and others — including a group representing more
than 12,000 citizens — have challenged the constitutionality of the ESM,
which will succeed the EFSF and was initially intended to become
operational by July 1.
 
     German President Joachim Gauck has said he will not sign the law
until the court examines the challenges. The court said it would debate
whether to grant an injunction, blocking Gauck from signing the law,
until it could rule on the constitutionality of the ESM.

 
+
Франция повышает налоги
  • FRANCE TO HAVE NEW TAX RATE OF 45% FOR WEALTHY
  • FRANCE TO TAX INCOME OF MORE THAN EU1 MLN AT 75%, AYRAULT SAYS
  • FRANCE TO TAX CAPITAL INCOME AT SAME LEVEL AS WAGES
  • FRANCE TO RAISE TAXES FOR LARGE COMPANIES, BANKS, OIL FIRMS
 
+
Партия социал-демократов Германии выступает против предоставления права для фонда ESM проводить прямое финансирование банков.

Germany's largest opposition party, the center-left
SPD, opposes the plan to allow Europe's permanent rescue fund, the
European Stability Mechanism, to directly recapitalize banks, a senior
lawmaker said in an interview published Wednesday.
 
     The proposal allowing for direct capitalization of banks by the ESM
was considered one of the key achievements of the EU leaders' summit in
Brussels late last week. The leaders said, however, that direct
capitalization would only be allowed once a new centralized European
bank supervisor, headed by the European Central Bank, has been
established.
 
     «We strictly oppose enabling credit institutions to be financed
directly from the rescue funds,» Carsten Schneider, the SPD's
parliamentary budget speaker, told German web media Spiegel Online.
 
     If the planned aid for the Spanish financial sector were to flow
directly from the bailout fund to the banks, then «it's hard for me to
imagine that the SPD could approve this,» Schneider said.
 
     It is expected that the lower house of parliament, the Bundestag,
will get to vote on the planned aid for Spain, which could be as much as
E100 billion, at the end of this month. German Chancellor Angela
Merkel's center-right CDU/CSU-FDP coalition government has a majority in
the Bundestag.
+
«В миру» есть такое мега-адекватное понятие: Критикуешь — предлагай! =) Социал-демократы Германии конечно могут быть против, но подобное «поведение» должно быть подпитано некими действиями. В тупость немецкой полит-элиты я не верю ©. Игру «Немецкие политики против голдманитов» (связка Драги — Монти) — играть как то абсурдно =) Неужели и там никого не осталось кто может принять некрасивое, временно болезненное, но адекватное решение =)
+
Социалист Оланд про Меркель рассуждает


FRENCH PRESS: In an interview to appear in the French weekly Marianne
this Saturday, French President Francois Hollande says that Angela
Merkel is a strong but not nebulous personality. «I quickly understood
her personality (...) One knows what she wants and she has a sense of
compromise, however, all the while retaining her position», affirmed
Hollande. Their relations are, contrary to press reports, «not bad». Of
President Barack Obama he says, «He is very informed but first and
foremost he is an American who is very conscious of the power of the
United States».
+
SENIOR EURO ZONE OFFICIAL:THERE WILL BE NO CASH DISBURSEMENT TO GREECE UNTIL THE EUROGROUP HAS DETERMINED PROGRAMME IS BACK ON TRACK
RTR, 07/06 08:39AM

Source: Thomson News
--------------------------------
Какая всётаки удобная страна… Греция…
Только зарегистрированные и авторизованные пользователи могут оставлять комментарии.
© 2015 Medelle Finance