Meeting Minutes des Arbeitskreises

von heute, 26/8.

Föhrenberg-Kreis Financial Economy III 15-08-26

Neu sind die Seiten 176-183

 

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The Greek „Waterboarding Document“ in Full

The shame of last nights decisions has just been published:

Read the full document: 20150712-eurosummit-statement-greece

Heutige Meeting Minutes des Arbeitskreises

John Mauldin Debt

Föhrenberg-Kreis Financial Economy III 15-07-08 S. 174-176 neu

Meeting Minutes des Arbeitskreises

Stand: heute, 11/5.

Föhrenberg-Kreis Financial Economy III 15-05-11

Neu Seiten 172-173

Die Meeting Minutes von heute

neu: Seiten 170 & 171.

Föhrenberg-Kreis Financial Economy III 15-02-24

Die Meeting Minutes von heute

21/10/2014

Neu S. 171, 179, 180

Föhrenberg-Kreis Financial Economy III 14-10-21

Großartige Hypo-Spurensuche durch die NEOS

Da kann man ja fast eifersüchtig werden: wir glaubten immer, als Föhrenbergkreis die Causa Hypo am Besten zu verstehen! Nun erwachst uns durch die Neos Konkurrenz ein ernsthafter Komplize: Chapeau, wir freuen uns! Ein kleiner Unterschied: Wir haben schon im Dez. 2009 ohne Vorliegen der eben veröffentlichten vertraulichen Dokumente die Lage richtig analysiert und genau(so) die richtigen Maßnahmen vorgeschlagen. Es war also: unprofessionell, feige, ungeschickt, naiv, ganz der Bankenlobby gefällig. Und wahrscheinlich nicht unkriminell (Untreue, Betrug, …) Warum die Koalitionsparteien keinen Banken-Untersuchungssausschuss wollen, wird damit wieder um ein Stück klarer!(hfk)

2014-03-19_Presseunterlage-Hypo-Verstaatlichung

Link zu den teils vertraulichen Dokumenten, die die Grundlage dieser Analyse darstellen: http://neos.eu/parlament/

Neueste Meeting Minutes

Neu: S. 165/166.

Föhrenberg-Kreis Financial Economy III 14-01-23

Die neuesten Meeting Minutes des Arbeitskreises

vom Meeting 20/9. Neu: Seiten 160-165

Föhrenberg-Kreis Financial Economy III 13-09-20

Eurogroup agrees the main features of a direct bank recapitalisation instrument and welcomes Latvia’s progress towards joining the euro

„60 bio € are reserved for the bank recapitalisation“. The debts of the Eurozone Banks are about 35-40 trillion € (35.000 to 40.000 bio). Aren`t they crazy??? (hfk)

21/06/2013 – News, ecofin press release

After meticulous preparation, the Eurogroup has agreed upon the main features of the European Stability Mechanism’s (ESM) direct bank recapitalisation instrument.

Olli Rehn, Vice President of the European Commission; Jeroen Dijsselbloem, President of the Eurogroup; Klaus Regling, Managing Director of the European Stability Mechanism

 The President of the Eurogroup said:

“This instrument will help preserve the stability of the euro area and help remove the risk of contagion from the financial sector to the sovereign, thus weakening the vicious circle between banks and sovereigns as called for by the Euro Summit last year”.

The Eurogroup has agreed there will be strict eligibility criteria as well as a clear pecking order for the instrument.

• An appropriate level of bail-in will be applied before the bank is recapitalised by the ESM in line with EU State aid rules, and applying of the forthcoming Bank Recovery and Resolution Directive (BRRD) as of the start of the supervision by the SSM.
• A burden-sharing scheme will determine the contributions of the requesting Member State and the ESM in order to cater for the existence of legacy assets and to ensure that incentives remain aligned between the ESM and the requesting Member State.
• €60bn will be the limit on the volume of possible direct bank recapitalisations.
• Potential retroactive application of the instrument will have to be decided on a case-by-case basis and by mutual agreement. Possible cases will have to be discussed and assessed on their own merits once the instrument enters into force. 

The instrument is to be finalised when the BRRD has been agreed with the European Parliament. Once this has happened and national parliamentary scrutiny procedures have been finalised and the Single Supervisory Mechanism is established and effective, the ESM Board of Governors will be able to add this instrument to their toolkit.

The Eurogroup welcomed the convergence reports of the Commission and the European Central Bank (ECB) that concluded that Latvia fulfils the conditions required to adopt the euro. Latvia’s Finance Minister, Andris Vilks, joined the Eurogroup’s discussion and reiterated his government’s long-term and unwavering commitment to the stability-orientated economic policies required of euro area members.

On the basis of the Commission and ECB reports the Eurogroup agreed that Latvia meets the necessary requirements to join the euro area on 1st January 2014. This will now be given due consideration by the Economic and Financial Affairs Council and subsequently the European Council. The European Parliament will also be consulted.

In the words of the Eurogroup President “this is a major step in the right direction for Latvia and for the euro area.”

The Eurogroup endorsed the Council recommendations to the euro area Member States made under the European Semester. The Eurogroup underlined the central role it should play in the strengthened surveillance framework applicable to euro area Member States and the importance of a growth-friendly and differentiated fiscal policy across the euro area. The Eurogroup will in autumn discuss the Commission opinions of the draft budgetary plans of euro area Member States and the budgetary situation and economic prospects of the euro area as a whole.