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ドイツ首相のメルケル(Angela Merkel)氏と欧州委員会首長のバロソ(Jose Manuel Barroso)氏は、ヨーロッパの金融改革などを相談
Merkel y Barroso impulsan el plan que reformará Europa
La Comisión busca una reforma muy ambiciosa de la UE
Berlín prefiere la coordinación fiscal y dejar para más tarde los eurobonos o la unión bancaria
Luis Doncel / Juan Gómez Bruselas5 JUN 2012 - 14:11 CET
Merkel and Barroso pushing a plan that will reform Europe
The Commission seeks an ambitious reform of the EU
Berlin preferred tax coordination and leave for later the union or bank Eurobonds
Doncel Luis / Juan Gomez Brussels 5 JUN 2012 - 14:11 CET
The Commission seeks an ambitious reform of the EU
Berlin preferred tax coordination and leave for later the union or bank Eurobonds
Doncel Luis / Juan Gomez Brussels 5 JUN 2012 - 14:11 CET
If Spain goes down, everyone will suffer. Why, then, Europe does not take steps to avoid catastrophe? "I asked a few days ago a senior community. "For now, the Germans not the shoe pinches," he replied with a disarming frankness.
more informationGermany knows that needs EuropeSPECIAL: Ideas to save Europe
Just to eliminate these deficiencies-that part of the eurozone could be on the brink of the abyss while the other finds out, or the Commission has embarked on an ambitious reform of the EU. Berlin, for the moment, will not go that far. Prefers to focus on fiscal coordination, and later left for anything that involves sharing charges (euro bonds or bond with a bank deposit guarantee fund common).
In these troubled times, every week it seems that survival is at stake in Europe. On Monday ranged from pessimism, optimism and the opposite. It began with an interview in which the central bank governor of Cyprus, Panicos Demetriades, confessed to the Financial Times that a bailout does not rule your country to cover-how-not the hole in his bench.
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ATLAS
The appearance of Economic Affairs Commissioner Olli Rehn, served to calm the situation. It was enough to defend the direct injection of funds into European banks so that the risk premium is contained and the Spanish stock-unlike the rest of the continent, was fired. Another reason for optimism: Portugal announced it had passed the test of Brussels and the IMF and, as a reward, received 4,100 million tranche of the bailout will get it.
But the highlight came with dinner. At one table sat the German Chancellor Angela Merkel and Commission President Jose Manuel Barroso. With the financial sector reform as one of the key themes.
The Portuguese prepared with the Presidents of the European Council, the ECB and the Eurogroup a plan to restructure the monetary union, according to the German newspaper Die Welt. This project focuses on four areas: structural reforms, union financial system, fiscal union and political union. It is promoting a plan whose flag the struggle for growth, not only for austerity in public finances.
The new measures are designed for the long term, not to solve the problems that now span countries like Spain or Greece
But no guarantees that Brussels will soon achieve such an ambitious program. "It is unrealistic to think that the twenty-seven is going to reach agreement as quickly to pass this big-bang. Also, many of these measures serve the long term, not to solve the current problems of countries like Spain or Greece, "German diplomatic sources say.
Merkel partners intend to boot to an agreement to increase cohesion in the European economic policy, with the creation of a European finance minister and the transfer of more powers to the Parliament, Commission and Court. The idea is to ensure that they adopt measures involving the pooling of debt finance in the countries of southern Europe are controlled. Both Eurobonds as the union banking reach in a second phase of reform, according to German plans. Nothing new, therefore, on these two fronts of negotiation. But the debate is in full swing.
The German Stock Exchange has suffered the worst May since DAX was born 25 years ago. Fears are growing that the debt crisis is about to reach fully to the only major economy that respected. The decisive German influence in Europe requires both citizens and their leaders to consider what they are willing to sacrifice to preserve the monetary union and thus, its own economy.
Before being with Barroso, Merkel defended the creation of a European banking supervision, while also stressing that this is a plan "medium term". This would address the need for tighter controls by the European institutions, without which "can not run the monetary union."
As the Democrat Merkel speaks to advance the political union of conservatives jumping center-right coalition. Liberal MP Frank Schäffler, one of the most notorious Eurosceptic government, said that this is "a project of top-down planned economy without democratic legitimacy." He referred to the plan "secret" I mentioned the conservative daily Die Welt to integrate the banking market under a single supervisor, deposit guarantees and a rescue fund of the entities affected by the crisis.
The German banking system not sought help from Europe, but had to be cleaned up with tens of thousands of dollars of public money. Hence its resistance to bank bailouts direct from mutual funds.
Germany prefers a separate financing through the banks themselves or a tax on financial transactions. Merkel is prepared to introduce it in Europe. However, this method is too slow to respond to current problems.
Another highlight of the week comes tomorrow, when the Commission presents its proposal to reform the financial sector, including direct intervention of governments in troubled institutions.
The aim is to prevent future bankruptcies to end up dragging the rest of the financial sector. Brussels also regulate the fund will be endowed institutions to meet future crises. "Seek to resolve banking crises without having to resort to taxpayer money," say the Commission. Let's wait until then to know if received with optimism or pessimism.
Countdown to a key meeting
• France will hold legislative elections, with advantage to the left according to the polls, the next 10 to 17 June.
• Greece repeated general election on June 17, the second time in six weeks that citizens go to the polls. The result will determine the permanence of Greece in the eurozone. The polls give a virtual tie between the center (in favor of austerity measures and the international bailout) and the left of Syriza, who wants to cancel the agreement with the troika to the rescue.
• On day 22, four meeting in Rome to discuss the crisis in the euro area. Will meet the leaders of Italy (Mario Monti), Germany (Angela Merkel), France (François Hollande) and Spain (Mariano Rajoy).
• European Union Summit, 28 and 29 June in Brussels.
more informationGermany knows that needs EuropeSPECIAL: Ideas to save Europe
Just to eliminate these deficiencies-that part of the eurozone could be on the brink of the abyss while the other finds out, or the Commission has embarked on an ambitious reform of the EU. Berlin, for the moment, will not go that far. Prefers to focus on fiscal coordination, and later left for anything that involves sharing charges (euro bonds or bond with a bank deposit guarantee fund common).
In these troubled times, every week it seems that survival is at stake in Europe. On Monday ranged from pessimism, optimism and the opposite. It began with an interview in which the central bank governor of Cyprus, Panicos Demetriades, confessed to the Financial Times that a bailout does not rule your country to cover-how-not the hole in his bench.
Send Video
ATLAS
The appearance of Economic Affairs Commissioner Olli Rehn, served to calm the situation. It was enough to defend the direct injection of funds into European banks so that the risk premium is contained and the Spanish stock-unlike the rest of the continent, was fired. Another reason for optimism: Portugal announced it had passed the test of Brussels and the IMF and, as a reward, received 4,100 million tranche of the bailout will get it.
But the highlight came with dinner. At one table sat the German Chancellor Angela Merkel and Commission President Jose Manuel Barroso. With the financial sector reform as one of the key themes.
The Portuguese prepared with the Presidents of the European Council, the ECB and the Eurogroup a plan to restructure the monetary union, according to the German newspaper Die Welt. This project focuses on four areas: structural reforms, union financial system, fiscal union and political union. It is promoting a plan whose flag the struggle for growth, not only for austerity in public finances.
The new measures are designed for the long term, not to solve the problems that now span countries like Spain or Greece
But no guarantees that Brussels will soon achieve such an ambitious program. "It is unrealistic to think that the twenty-seven is going to reach agreement as quickly to pass this big-bang. Also, many of these measures serve the long term, not to solve the current problems of countries like Spain or Greece, "German diplomatic sources say.
Merkel partners intend to boot to an agreement to increase cohesion in the European economic policy, with the creation of a European finance minister and the transfer of more powers to the Parliament, Commission and Court. The idea is to ensure that they adopt measures involving the pooling of debt finance in the countries of southern Europe are controlled. Both Eurobonds as the union banking reach in a second phase of reform, according to German plans. Nothing new, therefore, on these two fronts of negotiation. But the debate is in full swing.
The German Stock Exchange has suffered the worst May since DAX was born 25 years ago. Fears are growing that the debt crisis is about to reach fully to the only major economy that respected. The decisive German influence in Europe requires both citizens and their leaders to consider what they are willing to sacrifice to preserve the monetary union and thus, its own economy.
Before being with Barroso, Merkel defended the creation of a European banking supervision, while also stressing that this is a plan "medium term". This would address the need for tighter controls by the European institutions, without which "can not run the monetary union."
As the Democrat Merkel speaks to advance the political union of conservatives jumping center-right coalition. Liberal MP Frank Schäffler, one of the most notorious Eurosceptic government, said that this is "a project of top-down planned economy without democratic legitimacy." He referred to the plan "secret" I mentioned the conservative daily Die Welt to integrate the banking market under a single supervisor, deposit guarantees and a rescue fund of the entities affected by the crisis.
The German banking system not sought help from Europe, but had to be cleaned up with tens of thousands of dollars of public money. Hence its resistance to bank bailouts direct from mutual funds.
Germany prefers a separate financing through the banks themselves or a tax on financial transactions. Merkel is prepared to introduce it in Europe. However, this method is too slow to respond to current problems.
Another highlight of the week comes tomorrow, when the Commission presents its proposal to reform the financial sector, including direct intervention of governments in troubled institutions.
The aim is to prevent future bankruptcies to end up dragging the rest of the financial sector. Brussels also regulate the fund will be endowed institutions to meet future crises. "Seek to resolve banking crises without having to resort to taxpayer money," say the Commission. Let's wait until then to know if received with optimism or pessimism.
Countdown to a key meeting
• France will hold legislative elections, with advantage to the left according to the polls, the next 10 to 17 June.
• Greece repeated general election on June 17, the second time in six weeks that citizens go to the polls. The result will determine the permanence of Greece in the eurozone. The polls give a virtual tie between the center (in favor of austerity measures and the international bailout) and the left of Syriza, who wants to cancel the agreement with the troika to the rescue.
• On day 22, four meeting in Rome to discuss the crisis in the euro area. Will meet the leaders of Italy (Mario Monti), Germany (Angela Merkel), France (François Hollande) and Spain (Mariano Rajoy).
• European Union Summit, 28 and 29 June in Brussels.
ドイツ首相のメルケル(Angela Merkel)氏と欧州委員会首長のバロソ(Jose Manuel Barroso)氏は、ヨーロッパの金融改革などを相談
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