frank 15:51 me bad. childish.
thanks 4 wakeup spanking
Israel MacroMicro 16:21:27 GMT - 04/09/2020
the eurozone currently in unsolvable situation, too different fiscal partners making the euro currency
swiss frank 15:51:49 GMT - 04/09/2020
Getting a little annoying...
Mtl JP 15:46:48 GMT - 04/09/2020
but a caveat: that it will close is not 100% guaranteed
that would be bullsh!t
Mtl JP 15:44:47 GMT - 04/09/2020
frank in my time I ve never seen one not close
PAR15:43:10 GMT - 04/09/2020
BERLIN (Reuters) - Chancellor Angela Merkel on Thursday rejected demands by Italy for common euro zone bonds to mitigate the economic impact of the coronavirus pandemic, adding that Germany would back other instruments to help countries hard-hit by the crisis.
“I spoke today with Italian Prime Minister Giuseppe Conte for a long time and we agree that there is an urgent need for solidarity in Europe, which is going through one of its most difficult hours, if not the most difficult,” Merkel said.
“And Germany is ready for this solidarity and committed to it. Germany’s wellbeing depends on Europe being well. Now, which instruments are fit for this purpose, here there are different views. You know that I don’t believe we should have common debt because of the situation of our political union and that’s why we reject this,” she added during a news conference.
“But there are so many ways to show solidarity and I believe we will find a good solution.”
swiss frank 15:39:28 GMT - 04/09/2020
Rather tell me when this CAD is going to get the memo.
Meanwhile French finance minister on French tv is promising fiscal relieve and state support for everybody and every company in France. Billions and billions.
He says he loves debt, debt and debt.
Especially European debt for everything French.
swiss frank 17:45:22 GMT - 04/08/2020
And now back to watching Ozark S3. Highly recommend.
swiss frank 17:42:54 GMT - 04/08/2020
hahaha JP you keep asking but my view is 1.0000. Can it blip up to 1.058 or 1.06 something? For sure. Its somewhat comforting knowing that you have the SNB meddling on your side...
Forgot to add that the guy earlier sited the blip in the € from 1.0880 to 1.0830 in about 10 minutes right on the european open as real flow. The only thing that stopped and turned it was the garden gnome. But have to emphasize I have no idea what information he has to back that.
Mtl JP 17:38:23 GMT - 04/08/2020
frank have a view on eurchf here at ~1.0550-ish ?
I am tempted uP
swiss frank 17:33:19 GMT - 04/08/2020
Was talking with a guy earlier. Just his view as in no inside verifiable information. He thought with this backgound of N vs S and the potential long run harm it will do to relations, if it weren't for SNB meddling that €/$ would be testing the recent lows.... Who knows...
swiss frank 17:29:14 GMT - 04/08/2020
I'm not sure but I don't think the Germans are for corona bonds. I think the germans prefer an aid sort of deal or having the Italians just borrow on their own at the special 0.00% rate as opposed new issue of the beer bonds. But I don't really know. Its just crazy as numbers persist at very high levels in both Spain and Italy but Spain talks of relaxing the confinement on Monday. I wish them luck!
london red 17:15:49 GMT - 04/08/2020
surprised to hear the germans were for it. surely since they must be the backstop, they would prefer to spend on themslves or, as presently, keep their powder dry for only they know what. but even that is more sensible than eurobonds for them. for greece yes, but for them no.
PAR17:06:26 GMT - 04/08/2020
That's fake news coming from France's finance minister.
Plenty of other countries don't want Macron's Eurobonds.E.g. Austria, Luxembourg, Germany, Belgium etc
He is just trying to isolate the Netherlands and put the Netherlands in bad light. Lousy tactics.
Coronabonds are illegal and just kick the can down the road.
That after meeting for 16 hours. Crazy.
swiss frank 16:39:28 GMT - 04/08/2020
Strike 4
EU finance ministers have failed again in their fourth attempt to provide a joint response, at least in the short term, to the social and economic crisis caused by the Covid-19 pandemic in Europe. After 16 hours of negotiations, the finance officials of the Twenty-seven have confirmed on Wednesday morning that it was not possible to lift the blockade that they were maintaining on the agreement between Italy and the Netherlands. The Eurogroup decided to meet again tomorrow Thursday to try to unlock a package of loans totaling almost half a trillion euros.
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