tommy271
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Ci sono grossi progetti di investimento per lo sfruttamento dell'eolico e del solare.
Visto che segui le vicende, avrai sicuramente letto ...
Saran contenti gli ecologisti![]()
Merkel, Sarkozy Talk Euro Up And E-bonds Down
By Geoffrey T. Smith and William Horobin
Of DOW JONES NEWSWIRES
FREIBURG, Germany (Dow Jones)--French President Nicolas Sarkozy and German Chancellor Angela Merkel Friday reaffirmed their "total" commitment to defending the euro and the region's financial stability. But they gave no indication of any new initiatives in the works, repeating only that common bond issuance and increased loan guarantees are not under consideration.
"Our determination is total," Sarkozy told a joint news conference halfway through a meeting of most of the French and German cabinets.
Merkel, in turn, recalled a declaration by euro-zone governments during the Greek debt crisis in February "to do everything to guarantee financial stability in the euro zone.
"That was true then, it is true today," she said.
Merkel repeated her opposition to any near-term enlargement of the EUR440 billion European Financial Stabilization Facility, the vehicle being used to provide rescue funds for Ireland.
"For us this is not a question," she said, noting that the Irish deal had taken less than 10% of the funds available to the EFSF.
Sarkozy was less explicit, saying only "we will do what it takes to defend the euro."
Ireland is the second euro-zone country after Greece to need a bailout and the first to tap the EFSF, which was set up in May after Greece nearly defaulted on its debt. Markets worry that the EFSF in its current form and size may not be able to cope if the region's debt crisis spreads to larger economies like Spain or Italy.
That has left the European Central Bank as the only institution capable of addressing such fears for the present, by intervening in government bond markets to keep them orderly.
The meeting in the southwestern city of Freiburg was in the tradition of coordinating Franco-German policy--not just in economic affairs--in the run-up to European Union summits, the next of which takes place in Brussels next week.
Merkel was confident that the leaders would formally endorse changes to the E.U. treaty, making it easier to force private bondholders to share the burden of any future rescues for highly-indebted member countries. At their last summit, E.U. leaders watered down Germany's proposal to force losses on bondholders as a precondition for providing any more taxpayer money and guarantees in future bail-outs.
The two leaders were equally firm in their opposition to a proposal from Luxembourg Prime Minister Jean-Claude Juncker and Italian Finance Minister Giulio Tremonti for the euro zone to issue a portion of its debt jointly, through what they called "E-bonds".
"We mustn't put the cart before the horse," Sarkozy said. "If one day there is a lot more integration and a much more harmonized economic policy, we could maybe talk about it then."
Sarkozy rebuffed accusations of big-country arrogance in rejecting the Juncker-Tremonti proposal out of hand. "Germany and France...have shown their European solidarity and I don't think they have lessons to take on this subject," Sarkozy said, noting that the two are the biggest backers of the EFSF. "If we'd been told beforehand we might have understood better."
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L'Asse Franco-Tedesco.
Penso proprio che, per il momento, gli e-bond rimangano solo un'ipotesi di lavoro.
Nulla di più.
Ci si deve render conto che l'euro nel complesso ha avvantaggiato l'economia tedesca: infatti l'economia tedesca è stata trainata essenzialmente dalle esportazioni, soprattutto nei paesi dell'eurozona. Paradossalmente lo sciovinismo tedesco rimpiange i tempi in cui vi era il marco non rendendosi conto che la rivalutazione continua del marco tedesco rappresentava una remora formidabile allo sviluppo economico deprimento soprattutto le esportazioni. Infatti i dati dell'economia tedesca di quel periodo non sono certo esaltanti. Paradossalmente chi oggettivamente ha interesse alla fine dell'euro sono proprio i paesi indebitati che si trasformrebbero in formidabili concorrenti usando la leva delle svalutazione della moneta nazionale. Gli effetti negativi della svalutazione sarebbero poi mitigati da un sostanzioso sviluppo economico interno.
In un sistema economico non ci sono solo le aziende che esportano ... ci sono quelle che importano (energia, ad esempio), ci sono i consumatori a reddito fisso ... poi ci siamo anche noi che speculiamo.
Sinceramente non mi piacerebbe vedere un mio BTP passare da Euro in Lire ....
Le nostre preferenze o aspettative sovente non sono coerenti con la logica e la realtà economica. Il fatto che l'economia tedesca con l'euro goda di un formidabile vantaggio competivivo, mentre i paesi come l'Italia o la Grecia arrancano, è nella logica delle cose, nei dati economici. Le nostre personali aspettative o desideri, sacrosanti e legittimi, sono fuori discussione.