Friday, 19 November 2010

"ECB is more leveraged than the average hedge fund"


Peter Jungen, who is the President of SME Union, the pro business wing of the European People's Party (EPP),


highlighted at an EPP debate that the ECB is more leveraged than the average hedge fund. He said the ECB is


leveraged 21 times, and the Eurosystem 24 times, while the average hedge fund is only leveraged three to four


times. He added, "A fall in assets of 4.2% would wipe out the reserves of the ECB balance sheet, which begs


the question: who will then bail out the ECB?" He further said that if the ECB applied mark-to-market


accounting, it would already be insolvent.


SME Union



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SME-UNION President Peter Jungen warns of currency war ( pdf )
08-10-2010
SME-Union President Peter Jungen opening speaker at the Aspen Conference “The way ahead for economic Governance in Europe.” ( pdf )
07-10-2010
SME Union President Peter Jungen invited to the IMF Annual Meeting and the “Group of Thirty”: Substantial Reform of the IMF in best interest of EU! ( pdf )
06-10-2010
SME Union President: Congratulations to Prime Minister Valdis Dombrowskis ( pdf )
05-10-2010
SME-UNION President Peter Jungen: Structural changes at the IMF necessary ( pdf )
05-10-2010
Global Economic Symposium 2010 in Istanbul under the patronage of President Barroso SME-Union President Peter Jungen invited as a speaker ( pdf )
27-09-2010
SME Union President Peter Jungen urges Ministers of Finance to adopt a more stringent framework for the European Monetary Union: “Strict resolution regime is decisive for the future of the Euro.” ( pdf )
07-09-2010
SME-Union President Peter Jungen at the European Forum Alpbach: Public Debts will damage growth in Europe ( pdf )
06-09-2010
SME UNION President Peter Jungen rejects proposal for European taxes ( pdf )
12-08-2010
SME Union President Peter Jungen welcomes BASEL III proposals, Peter Jungen urges governments to support new rules ( pdf )
29-07-2010
Peter Jungen President of the SME UNION of the EPP at the EDS-Summer University, Zilina, Slovenia ( pdf )
18/25-07-2010
SME UNION Conference on A Competitive Digital Market for SMEs ( pdf )
14-07-2010
2010-06-29 SME UNION Working Lunch on “Harmonizing cross border Health Care in European Regions” ( pdf )
29-06-2010
Peter Jungen the President of the SME UNION at UNPR National Conference Bucharest, Romania ( pdf )
25-06-2010
SME UNION President Peter Jungen welcomes the EU Council decision ”Stress tests are needed for banks to restore lending capabilities” ( pdf )
18-06-2010
SME-President Peter Jungen at the Spring Meeting of the International Institute of Finance ( pdf )
9/11-06-2010
Peter Jungen at SME UNION Working Breakfast on Services Directive & the Impact on SMEs ( pdf )
01-06-2010
European Initiative on Danube Region on the eSilk and eAmber Roads ( pdf )
01-06-2010
Workshop on EU-US relations in the aftermath of the financial, economic and social crisis ( pdf )
31-05-2010