European leaders are loosening the economic shackles once demanded by Germany as the recession and mounting unemployment in southern Europe shove aside the debt crisis as the euro area’s biggest headache.
A two-day Brussels summit starting today will endorse plans for “structural” assessments of national budgets, according to a draft statement, using code for granting countries such asFrance, Spain and Portugal extra time to bring down deficits.
“We have to restore sound and sustainable public finances, via continued differentiated fiscal [...]
telegraph.co.uk
December 10, 2012
The prestigious award, controversially given to the EU rather than an individual, has been collected by Herman Van Rompuy and Jose Manuel Barroso, the Union’s two “presidents” to the sound of trumpet fanfares and in the presence of the Norwegian Royal Family.
“Ich bin ein Europaer. Je suis fier d’etre europaen. I am proud to be European,” said Mr Van Rompuy, the president of the European Council, the regular [...]
from dailybail:
Great work. Countdown to EUSSR in 3,2,1…
What the Nobel Peace Prize means to Europe.
“The Eurozone is now in a very dark place; economically, socially, politically, and I fear that the countries trapped inside it will be there for many years to come.”
Nigel Farage is leader of the UK Independent Party http://www.ukipmeps.org
Video features:
The Nobel Peace Scam Trio: Council President Herman Van Rompuy, Commission President Jose Manuel Barroso and European Parliament President Martin Schulz (but many [...]
I have a bit of good news today. The efforts of Herman Van Rompuy, the European Council president, to mollify the UK and other budget hawks have created such a stir that France rejects EU budget compromise.
Jean-Marc Ayrault, the French prime minister, objected to deep cuts to agriculture spending included in the proposal, but also expressed displeasure with reductions in the development money, known as cohesion funds, that benefit poorer regions.
The [...]
Infowars.com
October 12, 2012
It makes perfect sense – the globalist European Union has received a “peace” award dreamed up by a guy who manufactured armaments and invented dynamite.
One-worlders and banksters were joyous.
“It is a great, touching moment for the EU to get the Nobel Peace Prize 2012 for the decades of working on peace, democracy and wealth on our continent,” gushed Werner Hoyer, President of the European Investment Bank.
Herman Van Rompuy, president of [...]
Luis Miranda
The Real Agenda
Flashback: Herman van Rompuy, President of the European Union: “Homogenous Nation States are Dead”.
The collapse of the Euro and the European Union is not a result of the financial crisis created by the bankers. In fact, the crisis was created as a way to justify the banker acquisition of independent nation states in Europe, America, Africa and Asia, among others.
After reading what van Rompuy’s intention is in multiple occasions – [...]
BREAKING NEWS
Spain Second-Quarter GDP Worse Than Expected, -1.3% on Year vs -1.0% Forecast
This is much worse the expected and lets see what it does to the bond market? Stay tuned .
From Bloomberg:
Spain’s recession worsened in the second quarter as the government’s austerity push to reduce the euro area’s third-biggest budget deficit and a slump in consumer spending offset growth in exports.
Gross domestic product fell 0.4 percent from the previous quarter, when it declined [...]
EU leaders have agreed to use the eurozone’s planned bailout fund to directly support struggling banks, without adding to government debt.
After 13 hours of talks, they also agreed to set up a joint banking supervisory body for the eurozone.
Spain and Italy put pressure on Germany to allow the bailout fund to buy government debt in the markets – a measure to contain borrowing costs.
Eurozone leaders agreed to begin implementing [...]
EU leaders have agreed to use the eurozone’s planned bailout fund to directly support struggling banks, without adding to government debt.
After 13 hours of talks, they also agreed to set up a joint banking supervisory body for the eurozone.
Spain and Italy put pressure on Germany to allow the bailout fund to buy government debt in the markets – a measure to contain borrowing costs.
Eurozone leaders agreed to begin implementing [...]
By Sarah Turner
SYDNEY (MarketWatch) — A late Thursday night meeting of European leaders came up with a plan for a single financial supervisory mechanism for the region to help stabilize markets. European Commission President Herman van Rompuy said that the mechanism will involve the European Central Bank and that there will be the possibility of direct recapitalization for European banks. Financial assistance will be provided by the European Financial [...]
Yesterday, just days before the yet another European Summit and 2 days before the new ultimatum by George Soros, the Euro “quartet” (European Central Bank’s Mario Draghi, Eurogroup’s Jean-Claude Juncker, European Commission’s José Manuel Barroso and European Council’s Herman van Rompuy) came up with a Eurovision proposal “Towards a genuine economic monetary union“, which suddenly look a lot closer to the fiscal union we have been talking about for quite a while. So [...]
Source: The Guardian
European leaders have drafted a radical plan to turn the 17 countries of the eurozone into a full-fledged political federation within a decade in an attempt to placate the financial markets by demonstrating a political will to save the single currency in the medium-term.
The incendiary proposals for a banking, fiscal, and economic unions resulting in a “political union” are to be debated at an EU summit on Thursday [...]
Ian Traynor
The Guardian
June 26, 2012
European leaders have drafted a radical plan to turn the 17 countries of the eurozone into a full-fledged political federation within a decade in an attempt to placate the financial markets by demonstrating a political will to save the single currency in the medium-term.
The incendiary proposals for a banking, fiscal, and economic unions resulting in a “political union” are to be debated at an EU summit [...]
European authorities have unveiled their vision for the future, which gives them much greater powers.
It includes the creation of a European treasury, which would have powers over national budgets.
European Commission President Jose Manuel Barroso said it was “a defining moment for European integration”.
Described as a 10-year plan, it is designed to strengthen the eurozone and prevent future crises, as countries grapple with current debt problems.
This week, some markets fell [...]
Germany on Tuesday offered a cool response to a roadmap released by European Union President Herman Van Rompuy and other European officials outlining a path to tighter fiscal integration and a banking union. German Deputy Foreign Minister Michael Link, speaking to reporters in Luxembourg, said the proposals tilt “toward various models for mutualizing debt” but “come up short” in terms of improved budgetary controls, Bloomberg reported.
Read more: http://www.marketwatch.com/story/germany-cool-to-eu-fiscal-union-plan-report-2012-06-26?link=MW_home_latest_news
Because they have been unable to find agreement, European leaders have asked top Eurocrats—European Commission President José Manuel Barroso, European Council President Herman Van Rompuy, Eurogroup head Jean-Claude Juncker and European Central Bank head Mario Draghi—to come up with a plan. They hope to share some initial proposals at the European summit scheduled for the end of this month. A concrete plan is to be ready by autumn. …
The four are intent [...]
U.S. Treasury Secretary Timothy F. Geithner and Federal Reserve Chairman Ben S. Bernanke are concerned about the European banking industry, Finnish Prime Minister Jyrki Katainen said after meeting the two U.S. officials.
“They were very worried about what was going on,” Katainen said in a Bloomberg News telephone interview yesterday. Katainen said he discussed with Geithner and Bernanke the options for recapitalizing banks in trouble.
European Union leaders, including European Central Bank President Mario Draghi and European Commission PresidentJose Barroso, [...]
What would the weekend be without at least one rumor that Europe is on the verge of fixing everything, or failing that, planning for a master fix, OR failing that, planning for a master plan to fix everything. Sure enough, we just got the latter, which considering nobody really believes anything out of Europe anymore, especially not something that has not been signed, stamped and approved by Merkel herself, is rather ballsy. Nonetheless, one [...]
Globalists fear Greek exit could torpedo single currency
Paul Joseph Watson
Infowars.com
Wednesday, May 30, 2012
President of the European Council Herman Van Rompuy will join fellow elitists at the 2012 Bilderberg conference this week to discuss the collapsing euro and how the Greek debt crisis threatens to unravel the quest for a European federal superstate.
According to veteran Bilderberg sleuth Jim Tucker, Van Rompuy will be joined by former president of the [...]
Reuters
The United States and Japan need to tackle their tax issues and China must relax restrictions on the yuan as they share responsibility with Europe for restoring global economic health, EU leaders said ahead of a June summit of the G20 economies.
In a letter addressed to all 27 European Union nations, European Commission President Jose Manuel Barroso and European Council President Herman Van Rompuy said Europe was doing all it could.
“Europe has [...]
EU leaders want Greece to remain in the eurozone but to “respect its commitments”, European Council President Herman Van Rompuy has said.
He was speaking after a Brussels summit which exposed differences between France and Germany over measures to tackle the eurozone debt crisis.
The EU is struggling to revive growth.
The risk of a Greek exit from the euro loomed large, ahead of another Greek election on 17 June. Contingency plans [...]
europarl
Published on May 22, 2012 by europarl
Donate to UKIP: http://www.ukip.org/donations | http://www.ukipmeps.org |http://twitter.com/#!/Nigel_Farage
• European Parliament, Strasbourg, 22 May 2012
• Speaker: Nigel Farage MEP, Leader of the UK Independence Party (UKIP), Co-President of the ‘Europe of Freedom and Democracy’ (EFD) Group in the European Parliament - http://nigelfaragemep.co.uk
• Bluecard question: Georgios PAPANIKOLAOU MEP (Greece), Group of the European People’s Party (Christian Democrats) (EPP group)
• Debate: Preparation of the informal European summit – Investment, growth and jobs – Council [...]
U.S. President Barack Obama pledged at a summit on Saturday to work with Europe on a package that balances growth with debt reduction as world leaders try to prevent the worsening euro zonecrisis from destabilizing the global economy.
At the wooded Camp David retreat in Maryland’s Catoctin Mountains, Obama and leaders from other major economic powers are seeking ways to soothe financial markets after worries about Spain’s banking problems and the risk [...]
Greece will hold fresh elections on 17 June and a judge has been appointed to head an interim government.
Council of State president Panagiotis Pikramenos will head the caretaker government until the election.
The election date was announced after party leaders met Greek President Karolos Papoulias on Wednesday.
Final talks to form a coalition failed on Tuesday, raising new concerns over Greece’s eurozone future. No party won a majority in the 6 [...]
SENIOR Eurocrats are secretly plotting to create a super-powerful EU president to realise their dream of abolishing Britain and other nation states, the Daily Express can reveal.
A covert group of EU foreign ministers has drawn up plans for merging the jobs currently done by Herman Van Rompuy, president of the European Council, and Jose Manuel Barroso, president of the European Commission.
The new bureaucrat, who would not be directly elected by [...]
At a time when oil prices are being driven up by geo-political risks in Iran, Europe’s debt crisis is being increasingly impacted by politics in the region, and when the world is looking at over 40 elections in a year, political events have become crucial to the market.
Nomura’s senior political analyst Alastair Newton is out with his calendar of important political events in 2012. Here’s what you need to watch [...]
Wolf Richter www.testosteronepit.com
Europe returned from its begging expedition to Beijing empty-handed. Well, they called it a summit, but it was an unmitigated begging expedition, one more in a series. Jose Manuel Barroso, President of the EU Commission, and Herman Van Rompuy, President of EU Council, were talking to Premier Wen Jiabao, trying to lure China into plowing part of its hard-earned foreign exchange trillions into the European bailout fund, the EFSF. And they [...]
• Greece to miss debt target despite bail-out: Europe officials
• EC president calls special euro summit on March 2: reports
• ECB slashes eurozone growth forecasts for 2012/2013
• German finance minister ‘rules out Greek bridging loan’
• Germany ‘playing with fire’ on Greece, warns Venizelos
• Moody’s puts 114 European banks on ratings review
Latest
19.28 Former Greek finance minister Yannos Papantoniou has told Sky’s Jeff Randall Live that the eurozone should stop talking [...]
Wen Jiabao – Photo EC
(BEIJING) – China’s Premier Wen Jiabao said Tuesday his country was ready to increase its participation in efforts to resolve Europe’s debt crisis, after holding talks with EU leaders in Beijing.
Wen said China wanted to see Europe — its biggest trading partner — “maintain stability and prosperity”, a day after ratings agency Moody’s downgraded Italy, Spain and Portugal.
The two sides also agreed during the [...]
Bloomberg
Un-Fing-believable… These guys just never lose, never pay for their crimes and risky wagers, and never do a damned productive thing.
Excerpt:
“As regards private-sector involvement, we have made a major change in our doctrine: from now on we will strictly adhere to the IMF principles and doctrines,” EU President Herman Van Rompuy told reporters at a briefing. “Or, to put it more bluntly, our first approach to PSI, which had a [...]
BRUSSELS (AP) — Russia, hoping to keep its largest export market from collapsing, will give at least $10 billion to the International Monetary Fund to help support the struggling euro currency, an aide to President Dmitry Medvedev said Thursday.
Russian officials have said in the past that the country would offer up to $10 billion. But Arkady Dvorkovich, a Medvedev economic adviser, indicated the total may be greater because Russia has a big [...]
Bloomberg
Un-Fing-believable… These guys just never lose, never pay for their crimes and risky wagers, and never do a damned productive thing.
Excerpt:
“As regards private-sector involvement, we have made a major change in our doctrine: from now on we will strictly adhere to the IMF principles and doctrines,” EU President Herman Van Rompuy told reporters at a briefing. “Or, to put it more bluntly, our first approach to PSI, which had a [...]
US Treasury Secretary Timothy Geithner voiced confidence that Europe will beat its …
By Michael Mainville
(AFP) French Finance Minister Francois Baroin, left, welcomes US Treasury Secretary Timothy …
Economic powerhouse Germany played down hopes Wednesday that a crucial debt summit will save the euro as French President Nicolas Sarkozy warned the risk of a eurozone ”explosion” was very real.
Piling the pressure on EU leaders due to meet in Brussels from Thursday, Standard and Poor’s put a number [...]
http://hosted.ap.org/dynamic/stories/E/EU_GERMANY_FINANCIAL_CRISIS?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2011-11-22-12-50-00
BERLIN (AP) — German Chancellor Angela Merkel rejected a new push by the European Commission for bonds issued jointly by the 17 euro nations, saying Tuesday they wouldn’t resolve the debt crisis and now is the wrong time to discuss them.
She appeared to be joined in her resistance to immediate talk of so-called “eurobonds” by eurozone chief Jean-Claude Juncker and Herman Van Rompuy, president of the European Council, which is [...]
Europe’s scorched-earth policies have begun in earnest. The inherent flaws of monetary union have created a crisis of such gravity that EU leaders now feel authorized to topple two elected governments.
As I long feared, the flood of cheap credit into Southern Europe and the slow death of Club Med industry by currency asphyxiation have together created such a dangerous situation for world finance that informed opinion is willing to turn [...]
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