Tuesday, August 16, 2011

Lord Stirling's News Blog EUROPE

Holy Shroud of Turin

Powerful prayer to St. Michael the Archangel - video ~ link

AVA MARIA - by Helene Fischer - video ~ link

Lord Stirling's news blog EUROPE

Franco-German call for 'true euro economic governance' - with video ~ link ~Speaking at a joint news conference, German Chancellor Angela Merkel and French President Nicolas Sarkozy urged much closer economic and fiscal policy in the eurozone.

They also advocated a tax on financial transactions to raise more revenues.

Leaders want Eurozone 'Government' ~ link ~ An expansion on the Rothschild concept/plan for a central European government that they can totally control much easier that multiple governments.  Stirling     

Sarkozy and Merkel plan Eurozone government ~ link ~ France's Nicolas Sarkozy and Germany's Angela Merkel vowed to give the eurozone bloc a "true economic government" Tuesday, but experts said their pledges were not enough to defuse the debt crisis.

But the pair disappointed many observers by not backing the idea of issuing "eurobonds" to pool the debts of the 17 eurozone members and by insisting that the bloc's existing €440-billion bailout fund is "sufficient." 

Sarkozy and Merkel push Euro integration ~ link
Under heavy pressure to restore confidence in the euro zone following a dramatic market slump, President Nicolas Sarkozy and Chancellor Angela Merkel stopped short of increasing the bloc's rescue fund but vowed to stand side-by-side in defending the euro and laid the groundwork for a future fiscal union.

Their message was that the focus should be on further economic integration rather than signing bailout cheques, and suggested that straying from euro zone rules and fiscal targets would no longer be tolerated.

France and Germany call for 'collective economic government' in desperate b id to save Euro Zone ~ link President Nicolas Sarkozy and Chancellor Angela Merkel put forward the scheme at a meeting in Paris following a bilateral summit today.

But the radical proposal failed to boost market confidence - global stock markets lost ground today after figures revealed German economic growth slowed to a near standstill in the second quarter.

France and Germany propose 'True European Economic Government'  ~ link ~ So much for a couple thousand years of national/regional/local governmental powers.   Stirling     

With the sovereign debt crisis deepening, the leaders of France and Germany announced that they would seek a "true European economic government" made up of all the heads of state of eurozone countries but led by European Union President Herman Van Rompuy.

The AP reports that French President Nicolas Sarkozy and German Chancellor Angela Merkel, who met in France after a turbulent week in the world markets, also want the 17 nations to make a balanced budget part of their constitutions.

Sarkozy and Merkel call for 'true economic government' to save Eurozone ~ link ~ The French president, Nicolas Sarkozy, and German chancellor, Angela Merkel, announced the dramatic proposals after a two-hour mini-summit. They also called for the imposition of tighter restrictions on member country's deficits and announced a synchronising of the tax policies of their own two countries. Sarkozy has also secured the support of Merkel for a Tobin tax – a financial tax on all international transactions – to raise funds to ease the crisis engulfing the European economy.

The establishment of an economic government for the eurozone will be regarded by eurosceptics as a political power grab for Europe.

Nicolas Sarkozy just announced plans for a new tax on financial transactions ~ link ~ French President Nicolas Sarkozy has expressed plans to introduce a "Tobin tax" in Europe: This means taxes on financial transactions, which is something the banks will hate.

On the surface, we'd expect banks to scream bloody murder, but given that the whole point of this ongoing bailout exercise is to protect banks, it's hard to imagine this being too damaging ultimately.

Eurozone second quarter GDP growth slows to 0.2 percent ~ link ~ The euro zone economy grew less than forecast in the second quarter, held back by a sluggish performance in Germany and stagnation in France, data from the European statistics agency showed on Tuesday.

Europe: Growth grinds to a halt ~ linkSarkozy has been pushing for a more centralised system of controls across the eurozone, better able in Paris' eyes to protect against future meltdowns.

But Merkel - and German voters - oppose any bid to create what they dub a "transfer union" in which Germany's powerful export-led economy effectively underwrites its underperforming eurozone partners.


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