{"id":1182,"date":"2011-10-06T15:45:45","date_gmt":"2011-10-06T19:45:45","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=1182"},"modified":"2011-10-06T15:45:45","modified_gmt":"2011-10-06T19:45:45","slug":"ecb-to-wield-anticrisis-tools-wsj-com","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/06\/ecb-to-wield-anticrisis-tools-wsj-com\/","title":{"rendered":"ECB to Wield Anticrisis Tools – WSJ.com"},"content":{"rendered":"

Mr. Trichet said it would be inappropriate for the ECB to lend to Europe’s main bailout vehicle, the European Financial Stability Facility. A number of both U.S. and European politicians\u2014not least the European Union’s Economic and Monetary Affairs Commissioner Olli Rehn\u2014have urged that the EFSF be given a banking license, which would allow it to borrow from the central bank. However, a number of ECB officials have said this would break the terms of the EU treaty on monetary financing of governments. “We consider that governments have all capacity to leverage the EFSF themselves,” Mr. Trichet said. “We cannot substitute ourselves for governments.”<\/p><\/blockquote>\n

via ECB to Wield Anticrisis Tools – WSJ.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Mr. Trichet said it would be inappropriate for the ECB to lend to Europe’s main bailout vehicle, the European Financial Stability Facility. A number of both U.S. and European politicians\u2014not least the European Union’s Economic and Monetary Affairs Commissioner Olli Rehn\u2014have urged that the EFSF be given a banking license, which would allow it to … <\/p>\n

Continue reading “ECB to Wield Anticrisis Tools – WSJ.com”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[33],"tags":[962,1169,1205,1295],"class_list":["post-1182","post","type-post","status-publish","format-standard","hentry","category-uk-europe-countries-regions","tag-debt-crisis","tag-ecb","tag-efsf","tag-euro-zone"],"yoast_head":"\nECB to Wield Anticrisis Tools - WSJ.com - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ECB to Wield Anticrisis Tools - WSJ.com - the patient investor\" \/>\n<meta property=\"og:description\" content=\"Mr. Trichet said it would be inappropriate for the ECB to lend to Europe’s main bailout vehicle, the European Financial Stability Facility. A number of both U.S. and European politicians\u2014not least the European Union’s Economic and Monetary Affairs Commissioner Olli Rehn\u2014have urged that the EFSF be given a banking license, which would allow it to … Continue reading "ECB to Wield Anticrisis Tools – WSJ.com"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/06\/ecb-to-wield-anticrisis-tools-wsj-com\/\" \/>\n<meta property=\"og:site_name\" content=\"the patient investor\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/profile.php?id=61572934660810\" \/>\n<meta property=\"article:published_time\" content=\"2011-10-06T19:45:45+00:00\" \/>\n<meta name=\"author\" content=\"ColinTwiggs\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"ColinTwiggs\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/06\/ecb-to-wield-anticrisis-tools-wsj-com\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/06\/ecb-to-wield-anticrisis-tools-wsj-com\/\"},\"author\":{\"name\":\"ColinTwiggs\",\"@id\":\"https:\/\/thepatientinvestor.com\/#\/schema\/person\/cb072791ac83e8bae585007c133d54a5\"},\"headline\":\"ECB to Wield Anticrisis Tools – WSJ.com\",\"datePublished\":\"2011-10-06T19:45:45+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/06\/ecb-to-wield-anticrisis-tools-wsj-com\/\"},\"wordCount\":123,\"commentCount\":1,\"publisher\":{\"@id\":\"https:\/\/thepatientinvestor.com\/#organization\"},\"keywords\":[\"debt crisis\",\"ECB\",\"EFSF\",\"euro-zone\"],\"articleSection\":[\"UK & Europe\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/06\/ecb-to-wield-anticrisis-tools-wsj-com\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/06\/ecb-to-wield-anticrisis-tools-wsj-com\/\",\"url\":\"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/06\/ecb-to-wield-anticrisis-tools-wsj-com\/\",\"name\":\"ECB to Wield Anticrisis Tools - WSJ.com - the patient investor\",\"isPartOf\":{\"@id\":\"https:\/\/thepatientinvestor.com\/#website\"},\"datePublished\":\"2011-10-06T19:45:45+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/06\/ecb-to-wield-anticrisis-tools-wsj-com\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/06\/ecb-to-wield-anticrisis-tools-wsj-com\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/06\/ecb-to-wield-anticrisis-tools-wsj-com\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/thepatientinvestor.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"ECB to Wield Anticrisis Tools – WSJ.com\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/thepatientinvestor.com\/#website\",\"url\":\"https:\/\/thepatientinvestor.com\/\",\"name\":\"The Patient Investor\",\"description\":\"Smart. 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The EFSF, for example, would only be allowed to purchase euro-denominated bonds in the open market that are issued\u2026","rel":"","context":"In "UK & Europe"","block_context":{"text":"UK & Europe","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/uk-europe-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1587,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/26\/euro-zone-talks-hit-roadblocks-wsj-com\/","url_meta":{"origin":1182,"position":3},"title":"Euro-Zone Talks Hit Roadblocks – WSJ.com","author":"ColinTwiggs","date":"October 26, 2011","format":false,"excerpt":"BRUSSELS\u2014Deep divisions between euro-zone governments and private banks over how much to cut Greece's private debts threatened to undermine efforts by European leaders to agree to a broad package at a Brussels summit Wednesday night aimed at stemming the Continent's intensifying debt crisis. ....Governments, led by Germany, have been seeking\u2026","rel":"","context":"In "UK & Europe"","block_context":{"text":"UK & Europe","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/uk-europe-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1053,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/09\/28\/euro-zone-bailout-plan-progresses-wsj-com\/","url_meta":{"origin":1182,"position":4},"title":"Euro-Zone Bailout Plan Progresses – WSJ.com","author":"ColinTwiggs","date":"September 28, 2011","format":false,"excerpt":"While German officials say they are open in principle to using the EFSF's limited war chest \"as efficiently as possible,\" they say these ideas are unlikely to work well unless the ECB cooperates. 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