Comments on: France, Germany could agree on ECB’s euro role http://blogs.reuters.com/breakingviews/2011/11/22/france-germany-could-agree-on-ecbs-euro-role/ Mon, 26 Sep 2016 03:26:00 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: Paats-W. http://blogs.reuters.com/breakingviews/2011/11/22/france-germany-could-agree-on-ecbs-euro-role/comment-page-1/#comment-8666 Fri, 25 Nov 2011 15:01:21 +0000 http://blogs.reuters.com/breakingviews/?p=7677#comment-8666 the first seriously intelligent comment in a long time on this subject;

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By: whirdym http://blogs.reuters.com/breakingviews/2011/11/22/france-germany-could-agree-on-ecbs-euro-role/comment-page-1/#comment-8662 Thu, 24 Nov 2011 01:26:15 +0000 http://blogs.reuters.com/breakingviews/?p=7677#comment-8662 While in principal, the capping of bond-buying does make sense, as does the refusal to QE, in practice it is an extraordinarily reckless approach. The level of fear in the market (and the speed at which events unfold) mean that they are simply not in control. We are only a few shocks (uncovered auctions due to bid-side collapse in the secondary-market, sovereign bond syndicate strikes, the massive bank refi required next year is frankly a non-starter) away from headlines which will provoke EMU-wide retail-deposit bank-runs. This would be end-game for the system and the fallout goes far beyond a mild recession. Stability is needed FIRST, followed by a pact of technocratic governance (to remove subversive partisan-political motivations) in all EMU states to implement the austerity required to produce a lasting stability.

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By: TB7W1B http://blogs.reuters.com/breakingviews/2011/11/22/france-germany-could-agree-on-ecbs-euro-role/comment-page-1/#comment-8661 Wed, 23 Nov 2011 14:29:55 +0000 http://blogs.reuters.com/breakingviews/?p=7677#comment-8661 I wish your preditions will come true. With no credible crises resultion in sight reflecting Merkel’s incompetence, something needs to happen very quickly to avert disaster.

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