[Archive!] FOREX - Trends, Forecasts and Consequences (Episode 7: September 2011) - page 10

 
Nils:

Happy arrival! Pleased to meet you.

Did he say anything important? Where to read it, I couldn't find it... Would it be difficult for you to tell me?

ECB, Trichet: The current crisis is global, especially pronounced in the EU

" -Eurozone budget oversight plan is important
" -Compliance with the stability and growth pact is still necessary
" -Compliance with the stability and growth pact has weakened
" -Eurozone has paid a high price for non-compliance with the pact
" -Crisis reveals need to strengthen governance in the eurozone
" -There is a need to strengthen prevention of violations within the eurozone
" -To tighten governance in the eurozone, the treaty will need to be changed
" -In the long term, a eurozone finance ministry will need to be created
" -The July 21 agreements need to be ratified more quickly
" -There are structural barriers to economic growth within the eurozone
" -Structural reforms are too slow
" -Labour market reforms, economic reforms need to be accelerated
 

But the gap to the downside was triggered by yesterday's news:

At its meeting held on 4 August 2011 the Governing Council of the ECB decided that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility would remain unchanged at 1.50%, 2.25% and 0.75% respectively.

 
margaret:
ECB, Trichet: current crisis is global, especially pronounced in EU

" -It is important to develop a plan to oversee eurozone budgets
" -Compliance with the stability and growth pact remains essential
" -Commitment to the stability and growth pact has weakened
" -Eurozone has paid a high price for non-compliance with the pact
" -Crisis reveals need for stronger governance in Eurozone
" -There is a need to strengthen measures to prevent infringements within the eurozone
"The treaty must be changed in order to tighten governance in the eurozone
"In the long term, a eurozone finance ministry must be created
"Ratification of the 21 July agreement must be accelerated
"Structural barriers to growth exist within the eurozone
"Structural reforms are too slow
"Labour market reforms, economic reforms need to be accelerated

He's just like Yulka in the old days, he's really stuck on the word "crisis")))
 
strangerr:

He's just like Yulka in the old days, he's really jammed on the word "crisis")))
He's got a month's work left!
 
margaret:
He's got a month's work left!

Until what date? If it's not a secret )
 
margaret:
He's got a month's work left!

Are you saying that mentally he is already in Hawaii?))
 
Evgen157:

Until what date? If it's not a secret )
What difference does it make? Or is there supposed to be a violent reaction of joy or chagrin to EVRA?
 
strangerr:

Are you saying that mentally he is already in Hawaii?))
I think - off to the Urals.
 
margaret:
I think - will go to the Urals.

To Zapolyarny?
 
margaret:
I think it will go to the Urals.

The ruble will be happy )))) We've got a Siemens company going full steam ahead..... and equipment .... and training.... all the pleasures.... and factory check after factory check... Tricia is definitely waiting for his pension ))))