{"id":2351,"date":"2011-11-24T16:28:26","date_gmt":"2011-11-24T21:28:26","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=2351"},"modified":"2011-11-24T16:28:26","modified_gmt":"2011-11-24T21:28:26","slug":"merkel-rejects-rapid-action-on-the-euro-nytimes-com","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2011\/11\/24\/merkel-rejects-rapid-action-on-the-euro-nytimes-com\/","title":{"rendered":"Merkel Rejects Rapid Action on the Euro &#8211; NYTimes.com"},"content":{"rendered":"<p>PARIS \u2014 Quashing recent speculation of a softening in Germany\u2019s hard-line stance on the euro, Chancellor Angela Merkel repeated on Thursday her firm opposition either to bonds issued jointly by the euro zone countries or to an expansion of the role of the European Central Bank as quick responses to the sovereign debt crisis.<\/p>\n<p>\u201cNothing has changed in my position,\u201d she said at a news conference&#8230;..[but] The German newspaper Bild reported Thursday that the Merkel government was inching towards accepting so-called eurobonds, at least in some form, even if the public stance remained against them, and that some of her party said they could be a tradeoff for treaty changes.<\/p>\n<p>via <a href=\"http:\/\/www.nytimes.com\/2011\/11\/25\/world\/europe\/merkel-rejects-rapid-action-on-the-euro.html?_r=1&amp;partner=rss&amp;emc=rss#h\">Merkel Rejects Rapid Action on the Euro &#8211; NYTimes.com<\/a>.<\/p>\n<p><em>Colin Twiggs: ~ I am getting a sense that Angela Merkel already knows the outcome. As a consummate negotiator she is using the debt crisis to force her EU colleagues to make concessions that in normal times would be politically unthinkable. Germany does not want to abandon the euro which has served them well over the last two decades. They also does not want to risk inflation &#8212; so an ECB solution is ruled out. But euro-bonds may be acceptable to the German public &#8212; provided that there are strict controls throughout the EMU to ensure fiscal discipline. That, I suspect,\u00a0 is her desired outcome &#8212; she just has to make her EU counterparts feel the heat long enough that they fully appreciate the concessions she makes &#8212; and do not start back-tracking on their commitments.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PARIS \u2014 Quashing recent speculation of a softening in Germany\u2019s hard-line stance on the euro, Chancellor Angela Merkel repeated on Thursday her firm opposition either to bonds issued jointly by the euro zone countries or to an expansion of the role of the European Central Bank as quick responses to the sovereign debt crisis. \u201cNothing &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2011\/11\/24\/merkel-rejects-rapid-action-on-the-euro-nytimes-com\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Merkel Rejects Rapid Action on the Euro &#8211; NYTimes.com&#8221;<\/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":[201,962,1293,1295,1299,1547],"class_list":["post-2351","post","type-post","status-publish","format-standard","hentry","category-uk-europe-countries-regions","tag-angela-merkel","tag-debt-crisis","tag-euro-bonds","tag-euro-zone","tag-eurobonds","tag-germany"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Merkel Rejects Rapid Action on the Euro - NYTimes.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=\"Merkel Rejects Rapid Action on the Euro - NYTimes.com - the patient investor\" \/>\n<meta property=\"og:description\" content=\"PARIS \u2014 Quashing recent speculation of a softening in Germany\u2019s hard-line stance on the euro, Chancellor Angela Merkel repeated on Thursday her firm opposition either to bonds issued jointly by the euro zone countries or to an expansion of the role of the European Central Bank as quick responses to the sovereign debt crisis. \u201cNothing &hellip; Continue reading &quot;Merkel Rejects Rapid Action on the Euro &#8211; NYTimes.com&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thepatientinvestor.com\/index.php\/2011\/11\/24\/merkel-rejects-rapid-action-on-the-euro-nytimes-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=\"2011-11-24T21:28:26+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\/11\/24\/merkel-rejects-rapid-action-on-the-euro-nytimes-com\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2011\/11\/24\/merkel-rejects-rapid-action-on-the-euro-nytimes-com\/\"},\"author\":{\"name\":\"ColinTwiggs\",\"@id\":\"https:\/\/thepatientinvestor.com\/#\/schema\/person\/cb072791ac83e8bae585007c133d54a5\"},\"headline\":\"Merkel Rejects Rapid Action on the Euro &#8211; 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That makes the euro-bond debate ... so exciting. A 'no' from Berlin doesn't necessarily mean the last word.\"\"There are many indications that\u2026","rel":"","context":"In &quot;UK &amp; Europe&quot;","block_context":{"text":"UK &amp; Europe","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/uk-europe-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1223,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/09\/merkel-sarkozy-claim-broad-agreement-to-shore-up-banks-wsj-com\/","url_meta":{"origin":2351,"position":1},"title":"Merkel, Sarkozy Claim Broad Agreement to Shore Up Banks &#8211; WSJ.com","author":"ColinTwiggs","date":"October 9, 2011","format":false,"excerpt":"German Chancellor Angela Merkel and French President Nicolas Sarkozy said Sunday that they have reached broad agreement on a plan to shore up Europe's battered banks and restore stability to the euro zone.Speaking to reporters in the Berlin chancellery ahead of a working dinner as aides and ministers from both\u2026","rel":"","context":"In &quot;UK &amp; Europe&quot;","block_context":{"text":"UK &amp; Europe","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/uk-europe-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":4728,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/06\/30\/merkel-concessions-at-euro-crisis-summit-smarter-than-they-seem-spiegel-online\/","url_meta":{"origin":2351,"position":2},"title":"Merkel Concessions at Euro Crisis Summit Smarter than they Seem &#8211; SPIEGEL ONLINE","author":"Colin Twiggs","date":"June 30, 2012","format":false,"excerpt":"Christian Rickens: Merkel's concession is more than compensated for by a diplomatic victory she scored in the run-up to the summit: Late last week, she managed to get new French President Fran\u00e7ois Hollande to sign off on her fiscal pact, which is deeply unpopular in Paris, in return for her\u2026","rel":"","context":"In &quot;UK &amp; Europe&quot;","block_context":{"text":"UK &amp; Europe","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/uk-europe-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2443,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/11\/29\/ecb-expected-to-unleash-qe-money-printing-after-launching-of-euro-bonds-the-market-oracle-financial-markets-analysis-forecasting-free-website\/","url_meta":{"origin":2351,"position":3},"title":"ECB Expected to Unleash QE Money Printing after Launching of Euro-Bonds :: The Market Oracle","author":"ColinTwiggs","date":"November 29, 2011","format":false,"excerpt":"In return for surrendering fiscal policy to Brussels, - Berlin and Paris, the key paymasters of the Euro-zone, would agree to the creation of a common Eurobond that would pool the credit ratings and collateral of all participating Euro-zone countries into a single fixed income instrument. Chancellor Merkel says that\u2026","rel":"","context":"In &quot;UK &amp; Europe&quot;","block_context":{"text":"UK &amp; Europe","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/uk-europe-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2587,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/12\/09\/eu-treaty-takes-shape-wsj-com\/","url_meta":{"origin":2351,"position":4},"title":"EU Treaty Takes Shape &#8211; WSJ.com","author":"ColinTwiggs","date":"December 9, 2011","format":false,"excerpt":"[European Union] leaders, who are still deeply divided over key elements of their crisis strategy, decided they would move to form a pact among at least 23 of the members to tighten rules on national fiscal policy. But details of the proposed treaty remained to be settled. The U.K. stood\u2026","rel":"","context":"In &quot;UK &amp; Europe&quot;","block_context":{"text":"UK &amp; Europe","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/uk-europe-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1055,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/09\/28\/frau-merkel-it-really-is-a-euro-crisis-ambrose-evans-pritchard\/","url_meta":{"origin":2351,"position":5},"title":"Frau Merkel, it really is a euro crisis \u2013 Ambrose Evans-Pritchard","author":"ColinTwiggs","date":"September 28, 2011","format":false,"excerpt":"The reason this crisis keeps grinding ever deeper is because the euro itself is a machine for perpetual destruction. The currency is fundamentally warped and misaligned. It spans a 30pc gap in competitiveness between North and South. Intra-EMU current account deficits have become vast, chronic, and corrosive. Monetary Union is\u2026","rel":"","context":"In &quot;UK &amp; Europe&quot;","block_context":{"text":"UK &amp; Europe","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/uk-europe-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/2351","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=2351"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/2351\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=2351"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=2351"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=2351"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}