" Enligt uppgifter som tyska statstelevisionen hämtat från Bank of International Settlement, "Centralbankernas bank", så är Grekland skyldig franska banker 92 miljarder euro och tyska banker 43 miljarder euro. Även det amerikanska bankväsendet är invol
By PAUL KRUGMAN Published: October 23, 2011 ...at this point, Greece, where the crisis began, is no more than a grim sideshow. The clear and present danger comes instead from a sort of bank run on Italy, the euro area’s third-largest economy. Investors, fearing a possible default, are demanding high interest rates on Italian debt. And these high interest rates, by raising the burden of debt service, make default more likely.
Enl. Wyplosz fokuserar EU-ledrana i alltför hög grad på att gardera sig mot moral hazard ( moralisk risk: utsikten att en part som är isolerad från risk kan bete sig annorlunda än hur den skulle bete sig om parten var fullt utsatt för risk) gm att förstärka stabilitets- och tillväxtpakten. Nationalekonomerna har inte kunnat enas om en diagnos på krisen. Stabiltetapakt och/eller nytt EU-fördrag räcker inte för att lösa problemet. EU-ländernas sammanlagda skuld uppgår till 9000 miljarder euro. Stabilitetsfonden skulle kunna hosta upp 200 mrd, IMF ytterligare 200 mrd. Enast ECB kan kapitalisera bankerna. Alternativ till ett nytt EU-fördrag: "budgetdisciplinärt råd" och ECB:s regler för säkerheter (collaterals): "The proposal is for some European authority (the Commission? Or some other body?) to take over fiscal policy in a country that runs afoul of the Stability and Growth Pact. The idea that a country loses fiscal policy sovereignty is inspired by IMF programmes. " "The ECB has the authority to decide what collateral it accepts and it could decide to only accept treasury bonds issued by governments that exercise fiscal discipline. "
Mark Blyth (author of "Austerity - The History of a Dangerous Idea") interviewed by C. J. Polychroniou for Truthout 16.2.14 "The rise in debt was a consequence of the lending crisis, not a spending crisis." "the greatest bait-and-switch in human history"
#1 Chinese credit rating agency Dagong has downgraded U.S. debt from A to A- #2 China's recent currency swap agreement with the eurozone... will result in a lot less U.S. dollars being used in trade between China and Europe... #3 Currency swap agreement with UK last June #4 The exposure to the 1.3 trillion dollar debt is becoming a major e internal issue #5 Govt adviser Mei Xinyu's warning that China may decide to completely stop buying U.S. Treasury bonds #6 China's State Administration of Foreign Exchange is looking to diversify into real estate investments in Europe #7 Xinhua has called for a "de-Americanized world" #8 and said that the debt deal "was no more than prolonging the fuse of the U.S. debt bomb one inch longer." #9 China is the largest producer of gold in the world, and it has also been importing an absolutely massive amount of gold ... the Chinese appear to be accelerating their gold buying.