Tag Archives: EMS

Merkel and Sarkozy’s Letter to Van Rompuy laying out the Dec 5 Agreement

So I found the joint Franco-German press conference from December 5, at the website of the French Presidency (so in French) and confirmed (08:15 into the video) that the reporters did not misrepresent their statements. Merkel and Sarkozy had no … Continue reading

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The latest Franco-German Agreement: Is it enough?

So France and Germany reached what was hailed as yet another “comprehensive agreement” on the reform of the Eurozone fiscal policies. In my opinion this wasn’t that comprehensive an agreement. It was only the last of such several steps since … Continue reading

Posted in Current Events, ECB, Euro-zone Update, European Integration, Sovereign debt Crisis, Uncategorized, Weekly Bond Yield developments in the Euro Area | Tagged , , , , , , , , , , , , , | 3 Comments

Barroso’s Speech: European Orthodoxy, Legislative Proposals and Punching the Chinese

Jose Manuel Barroso, President of the European Commission, gave a speech to the Konrad Adenhaur Foundation (video extracts/full transcript), on the state of the EU. I am not in the habit of following every speech made by EU leaders. There … Continue reading

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Thank you Mr Bini Smaghi, but Fiscal Federalism is not Centralisation…

As I mentioned in an earlier post, Mr Lorenzo Bini Smaghi recently gave a speech where he addressed the issue of European Fiscal Union, at length. That post gave a pure report of the speech and made no efforts to … Continue reading

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Euro Update(17): Eco-Fin Council – From EFSF to EMS and Portugal

If we are to believe the reports coming out of Monday night’s meeting of eurozone Finance ministers, the metaphorical ball is rolling on the negotiations of the permanent version of the EFSF. According to the FT , the parties agreed … Continue reading

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Euro Update (6): Is the SPD signalling its availability for constitutional reform?

The FT seems to have become the channel of preference for European leaders to debate and lobby each other. After Jean-Claude Juncker and GiulioTremonti advanced the idea for common EU bonds(“E-bonds would end the crisis“), now the two top voices … Continue reading

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Euro-zone Update (2): European Stability Mechanism and Collective Action Clauses

Bloomberg announces today that the EU has reached an agreement on that thorny issue. Here is the announcement by the Eco-Fin Council of the EU, corroborating that report. The Economic and Financial affairs Council statement reads as such: “Rules will … Continue reading

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