{"id":280,"date":"2011-08-16T21:22:12","date_gmt":"2011-08-17T01:22:12","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=280"},"modified":"2011-08-16T21:22:12","modified_gmt":"2011-08-17T01:22:12","slug":"europe-need-not-wait-for-germany-ft-com","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2011\/08\/16\/europe-need-not-wait-for-germany-ft-com\/","title":{"rendered":"Europe need not wait for Germany – FT.com"},"content":{"rendered":"

Replacing all national sovereign bonds (although not loans) with common eurobonds would create a market worth \u20ac5,500bn. It would be backed by governments that together owe less debt, run a lower combined deficit and have greater tax-raising capacity than the US and Japan. It would almost certainly lead to lower yields than the current eurozone average and virtually eliminate the possibility of a bond buyers\u2019 strike.<\/span><\/p><\/blockquote>\n

via Europe need not wait for Germany – FT.com<\/a>.<\/p>\n

Creating a common Eurobond would make economic sense but is politically unachievable because of opposition in Germany. Convincing Germans that it is in their best interests will test Angela Merkel’s leadership abilities to the full.<\/p>\n","protected":false},"excerpt":{"rendered":"

Replacing all national sovereign bonds (although not loans) with common eurobonds would create a market worth \u20ac5,500bn. It would be backed by governments that together owe less debt, run a lower combined deficit and have greater tax-raising capacity than the US and Japan. It would almost certainly lead to lower yields than the current eurozone … <\/p>\n

Continue reading “Europe need not wait for Germany – FT.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":[],"class_list":["post-280","post","type-post","status-publish","format-standard","hentry","category-uk-europe-countries-regions"],"yoast_head":"\nEurope need not wait for Germany - FT.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=\"Europe need not wait for Germany - FT.com - the patient investor\" \/>\n<meta property=\"og:description\" content=\"Replacing all national sovereign bonds (although not loans) with common eurobonds would create a market worth \u20ac5,500bn. 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The sensible solution seems clear: force\u2026","rel":"","context":"In "Banks & Interest Rates"","block_context":{"text":"Banks & Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":6460,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/12\/12\/carney-broaches-dumping-inflation-target-ft-com\/","url_meta":{"origin":280,"position":2},"title":"Carney broaches dumping inflation target | FT.com","author":"Colin Twiggs","date":"December 12, 2012","format":false,"excerpt":"Claire Jones reports that Mark Carney says central banks should consider scrapping inflation targets and target nominal GDP instead -- allowing more aggressive measures during a down-turn. 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In the US: Natural gas prices continued to roar higher on Tuesday as fears over significant supply shortages continue to mount. As Nicholas made landfall, prices of energy futures rose after market participants\u2026","rel":"","context":"In "Crude Oil & Natural Gas"","block_context":{"text":"Crude Oil & Natural Gas","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/gold-commodities\/crude-oil-natural-gas\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":8480,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/09\/24\/germanys-strange-parallel-universe-ft-com\/","url_meta":{"origin":280,"position":5},"title":"Germany\u2019s strange parallel universe | FT.com","author":"ColinTwiggs","date":"September 24, 2013","format":false,"excerpt":"......a large country with a huge structural current account surplus does not just export products. 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