bonsoir,
que pensez vous de ce petit commentaire lu sur un forum de CNBC?:
FOR THE EU SOVEREIGN DEBT SOLUTION (THINK OUTSIDE THE BOX...):
1.EU BANKS' SOVEREIGN DEBT LOOSES VALUE DUE TO THE BOND MARKET YIELD INCREASES (BALANCE SHEET PROBLEMS).
2. EU COUNTRIES SPEND MORE THAN WHAT THEY RECEIVE (FISCAL PROBLEMS). THERE IS A NEED TO ROLL OVER OLD DEBT AND ISSUE NEW DEBT.
3. THE ECB IS BUYING NEW ISSUES OF EU SOVEREIGN DEBT TO ATTEMPT TO MAINTAIN STABILITY IN THE BOND YIELDS. THIS IS IN VIOLATION OF THEIR MANDATE BUT IT IS UNDERSTANDABLE.
4. THE BOND MARKET MAKERS MAY NOT BE INTERESTED IN HELPING THE ECB. I GUESS THEY ARE FOCUSED ONLY IN MAKING MONEY.
ECONOMISTS SHOULD THINK OUTSIDE THE BOX FOR POSSIBLE SOLUTIONS! ONE OF THEM IS A GENERAL DEFAULT ON ALL EU PRIVATE AND SOVEREIGN DEBT. AFTERWARDS USE ALL THE ECB FINANCIAL RESOURCES TO FUND EU COUNTRIES FINANCIAL REBIRTH. ERASE AND FORGIVE ALL OLD DEBT.
I THINK THIS WILL BE ACCEPTED POLITICALLY AND IT MAKES SENSE FINANCIALLY FOR THE EU COUNTRIES.
THE BOND MARKET MAKERS MAY BE ABLE TO COLLECT ON ALL THE DERIVATIVES/CDS (NAKED OR DRESSED) ISSUED BY EU AND US BANKS. I SAID MAYBE, MAYBE...
merci et bon courage a tous
[+]
