Angela Merkel & European Stability Mechanism

Angela Dorothea Merkel; née Kasner (born 17 July 1954) is the Chancellor of Germany and Chairwoman of the Christian Democratic Union (CDU). The European Stability Mechanism (ESM) is planned as an institution to manage a permanent rescue funding programme following the temporary European Financial Stability Facility (EFSF) and European Financial Stabilisation Mechanism (EFSM) in the 17-member Eurozone. 0.7/5

Angela Merkel European Stability Mechanism Federal Court Chancellor Angela Merkel

It couldn't have been better for global market. Already has one good and one is expected very soon. German Federal Court] on Wednesday, ruled in favor of Angela Merkel's supported 500 Billion Euro (=$640 billion) permanent European rescue fund ESM (European Stability Mechanism). Now Euro zone governments finally have two robust financial defenses against the debt crisis in place. Heavily Indebted European countries e.g. Spain and Italy will have twin supports of ECB's unlimited bond purchase program support and ESM. Another positive indication is from The Netherlands. Holland is going for poll on Wednesday. Indications are that Euro supporters Centrist Coalition have fair chances in the federal elections. But there are whiffs of concern from growing Eurosceptic lobby's political clout. Defeat of incumbents will put the recovery plan in jeopardy. Holland is euro zone’s fifth-largest economy and one of its key lenders. * Tomorrow BSE and NSE could have some 100 points gap opening if not huge one on thursd ...
Risk has been increased. German taxpayers have increased their liabilities. In future a bank crash will no longer fall on the shoulders of national treasuries but on the European Stability Mechanism (ESM), a fund to which Germany contributes the most.
Mario Monti faced down the German chancellor and won the battle. He will survive a few more weeks or months in politics. It was clever of him to threaten a veto on something Angela Merkel badly needed. He had her in the corner. It was an example of
“What we decide today is an important step to make clear to the world that we stand by the euro; we want it as our stable currency. Today, with the adoption of the fiscal and European Stability Mechanism treaty in the Bundestag and Bundesrat, across party lines, Germany is sending an important sign.”(Angela Merkel, German Chancellor)
June 28, 2012- "German Chancellor Angela Merkel sought to bury once and for all the idea of common euro zone bonds on Tuesday, saying Europe would not share total debt liability, as long as I live" she was quoted as saying. (Reuters, 2012) Merkel is also resistant to any joint deposit guarantee or common bank resolution fund. However, she might support the European Stability Mechanism, (ESM), to help stabilize troubled banks by allowing funds to go directly to the bank, without the country having to bear the stigma of a bailout. There is also the co- investment fund (CIF) that will work with private investors, but so far neither option has been used. So what we have is a possible buyer for the troubled governments' bonds, with a partial guarantee promising to diminish the risk to private investors. So, far the euro has not responded well to the proposals, and nothing has been finalized. Expect the meeting to extend through the weekend.
North Korea Hurricane Irma Donald Trump Selena Gomez Hillary Clinton South Korea President Trump White House Chelsea Manning Martin Shkreli Lady Gaga Hurricane Harvey Frank Vincent Angelina Jolie Alexis Sanchez Serena Williams Attorney General Jeff Sessions Harvard University Bill Clinton Darren Aronofsky John Lewis Star Wars Wall Street Jemele Hill Josh Duhamel Fort Bragg Bernie Sanders Europa League Floyd Mayweather Silicon Valley White Sox North Korean Jeff Sessions Grenfell Tower Theresa May Kim Kardashian Ivanka Trump State Department Security Council Champions League President Donald Trump Evil Twin Rose Gold Mutual Fund Chuck Schumer Middle East Jimmy Carter Kennedy School Kansas City Real Estate Ben Shapiro Sean Spicer Aaron Carter Pacific Ocean Simon Rattle South Africa Judi Dench Frankfurt Motor Show Angela Merkel European Union Aung San Suu Kyi Harrison Ford Prince William Manchester Arena Prince George Jane Austen Mercury Prize Glendale Heights Crystal Lake Tim Scott Elon Musk Kim Jong Don Jr Chocolate Factory Dennis Rodman Whole Foods American Assassin Ken Burns Buffalo Grove Husker Du Grant Hart Apple Watch Michael Morell Vietnam War South Park Long Island Jennifer Lawrence Crooked Hillary Clinton Pace University Anthony Weiner Huma Abedin Steve Mnuchin Best Way Carla Hayden De Blasio Daily News Charging Bull San Francisco Mia Khalifa Dark Knight
© 2017