President Francois Hollande said the
euro area needs the lowest possible interest rates to help
revive economic growth and that completing plans for banking
union among the bloc’s countries should help achieve them.
euro area needs the lowest possible interest rates to help
revive economic growth and that completing plans for banking
union among the bloc’s countries should help achieve them.
“We need the lowest possible interest rates,” Hollande
said at a press conference in Paris. “It’s already the case in
many countries, notably in France. At the same time many small
companies are having a hard time getting funding. And there are
countries with interest rates that are too high.”
http://www.businessweek.com/news/2013-05-01/hollande-says-euro-are-needs-lowest-possible-interest-rates
said at a press conference in Paris. “It’s already the case in
many countries, notably in France. At the same time many small
companies are having a hard time getting funding. And there are
countries with interest rates that are too high.”
http://www.businessweek.com/news/2013-05-01/hollande-says-euro-are-needs-lowest-possible-interest-rates
__._,_.___
=======================================
France and Germany held largely
contradicting hopes and aspirations for Europe’s common currency.
contradicting hopes and aspirations for Europe’s common currency.
To
France the key issue in establishing a European monetary union was to
end monetary dependence, both from the vagaries of the U.S. dollar and
from regional deutschmark hegemony, and to establish a global reserve
currency that could actually stand up to the dollar as part of a new
international monetary order.
France the key issue in establishing a European monetary union was to
end monetary dependence, both from the vagaries of the U.S. dollar and
from regional deutschmark hegemony, and to establish a global reserve
currency that could actually stand up to the dollar as part of a new
international monetary order.
By contrast, the main German concern was
to forestall the threat of deutschmark strength as undermining German
competitiveness within Europe. Reserve currency status and currency
overvaluation stand in conflict with Germany’s export-led growth model.
to forestall the threat of deutschmark strength as undermining German
competitiveness within Europe. Reserve currency status and currency
overvaluation stand in conflict with Germany’s export-led growth model.
In light of the euro crisis both nations are bound to reassess the euro’s viability.
No doubt France has seen
all its hopes for the euro disappointed. France is facing the prospect
of a lost generation today, a prospect shared with other debtor nations
in the union, and a prospect that undermines the Franco-German axis and
may soon turn it into the ultimate euro battleground.
http://www.social-europe.eu/2013/05/on-the-franco-german-euro-contradiction/
all its hopes for the euro disappointed. France is facing the prospect
of a lost generation today, a prospect shared with other debtor nations
in the union, and a prospect that undermines the Franco-German axis and
may soon turn it into the ultimate euro battleground.
http://www.social-europe.eu/2013/05/on-the-franco-german-euro-contradiction/
Billionaire investor George Soros has struck
back at one of Germany's top economists for distorting his arguments on
Germany's role in the euro zone.
back at one of Germany's top economists for distorting his arguments on
Germany's role in the euro zone.
Hans-Werner Sinn, president of the influential Ifo Institute for
Economic Research and a member of the German economic ministry's
Advisory Council, said last week that George Soros was "playing with fire" by calling on Germany to exit the euro zone if it continues to block the introduction of Eurobonds.
http://hereisthecity.com/2013/05/01/soros-battles-top-german-economist-in-euro-spat/
Economic Research and a member of the German economic ministry's
Advisory Council, said last week that George Soros was "playing with fire" by calling on Germany to exit the euro zone if it continues to block the introduction of Eurobonds.
http://hereisthecity.com/2013/05/01/soros-battles-top-german-economist-in-euro-spat/
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