Friday, 18 November 2011

Cameron and Merkel bury differences


Merkel, Cameron Fail to Resolve Differences on EU Treaty Changes

Merkel Says ‘Every Day Counts’ on Fleshing Out Rescue Details

Analysis - Some German red lines may not be so red

Cameron urges ‘decisive’ euro crisis response; Merkel cautions against expecting too much

Britain, Germany fail to thrash out eurozone differences

http://www.zerohedge.com/news/ecb-agrees-%E2%82%AC20-billion-upper-limit-sovereign-bond-purchases

Merkel Adviser Bofinger Says Capping Yields Within ECB Mandate

Peter Bofinger, an economic adviser to German Chancellor Angela Merkel, said it would be within the European Central Bank’s price-stability mandate to cap yields on euro-area sovereign bonds.

“If the ECB stabilizes the value of government bonds, it prevents an implosion of values,” Bofinger said in an interview in Frankfurt today. “If the ECB acts like this, it prevents deflation. It is completely within its mandate to maintain price stability.”
http://www.bloomberg.com/news/2011-11-18/merkel-adviser-bofinger-says-capping-yields-within-ecb-mandate.html

Schaeuble Says All of Europe Will Have Euro Eventually, DPA Says

German Finance Minister Wolfgang Schaeuble said all of Europe will one day use the single currency, including the U.K., Deutsche Presse Agentur reported.
Although it will happen over a long period of time, the U.K. will eventually adopt the euro, Schaeuble told DPA in an interview. He said that while Germany “respects” Britain’s decision not to join the monetary union, a stabilized euro will convince others to adopt the single currency, DPA said.
“It will happen perhaps faster than some in the British Isles currently believe,” the minister said in the interview.
http://www.bloomberg.com/news/2011-11-18/schaeuble-says-all-of-europe-will-have-euro-eventually-dpa-says.html

EU fiscal union framework could be in place soon: Germany

http://www.expatica.com/de/news/german-news/eu-fiscal-union-framework-could-be-in-place-soon-germany_189555.html

Fighting talk from Germans as Cameron meets Merkel


GERMAN Finance Minister Wolfgang Schaeuble has predicted the demise of the pound in an interview published today – ahead of British Prime Minister David Cameron’s meeting with German Chancellor Angela Merkel in Berlin.
http://www.independent.ie/business/european/fighting-talk-from-germans-as-cameron-meets-merkel-2939360.html

Merkel's plot to scupper OUR referendum

Merkel's plot to scupper OUR referendum with 'limited' treaty change... as German colleague claims Britain will scrap the Pound and join the sinking Euro
snip

Her extraordinary announcement came on the day that finance minister Wolfgang Schäuble predicted that the UK will have to adopt the euro 'faster than people think', despite the ongoing crisis in the single currency.
http://www.dailymail.co.uk/news/article-2063103/Wolfgang-Sch-uble-says-UK-join-euro-Germany-plans-block-EU-referendum.html?ito=feeds-newsxml