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Franco-German Central Bankers Call for Creation of Eurozone Treasury
Telegraph (UK) ^ | 1:30PM GMT 08 Feb 2016 | Mehreen Khan

Posted on 02/14/2016 12:24:41 AM PST by Olog-hai

Two of Europe's most powerful central bankers have called on the eurozone to form its own treasury and push forward with a quantum leap in integration to secure the single currency's future.

Germany's Jens Weidmann and France's newly-appointed Francois Villeroy de Galhau urged member states to move towards a "comprehensive sharing of sovereignty" which would include a common 19-member treasury and an "independent fiscal council" with a eurozone parliament. [...]

Their comments are a rare sign of unity from the EU's most powerful founding member states, which have often diverged on their visions for the future of the eurozone.

Germany has long championed greater budgetary discipline to be at the heart of a "fiscal union", while France has favored a more flexible investment-led approach which prioritizes the creation of new institutions to bolster governance. ...

(Excerpt) Read more at telegraph.co.uk ...


TOPICS: Foreign Affairs; Germany; United Kingdom
KEYWORDS: banking; eurobanking; eurozone; eurozonetreasury; eussr; finance; france

1 posted on 02/14/2016 12:24:41 AM PST by Olog-hai
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To: Olog-hai

for those who follow EUR/USD is up 5 cents in a few weeks.

if it breaks 1.17 all bets are off.

the only thing keeping it from exploding is the Euro sucks too.

If Europe gets ANY good financial news and we keep getting bad, the EUR/USD is going to 1.40.

Looking for a jump tomorrow when it opens based on Scalia’s demise.

Rough times, friends.


2 posted on 02/14/2016 12:37:02 AM PST by dp0622
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To: dp0622

They also are thinking of going to a cashless society. It’s easier to control people that way. Brave New World.


3 posted on 02/14/2016 1:30:36 AM PST by gattaca (Republicans believe every day is July 4, democrats believe every day is April 15. Ronald Reagan)
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To: gattaca

then the pezzonovante would control EVERYTHING, even the illegal institutions. Instead of just getting a cut like they do now, perhaps they could have all the proceeds.


4 posted on 02/14/2016 1:53:25 AM PST by dp0622
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To: Olog-hai

The basket is getting smaller, all is going well with the plan


5 posted on 02/14/2016 4:08:00 AM PST by ronnie raygun
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