Email this morning from Warren Mosler with his thoughts on the Eurozone and Euro. *euro update and why no one is leaving (yet) FR: Warren Mosler show details 6:37 AM (58 minutes ago) As before, all that’s been done in euro land is highly deflationary. No new euro will be spent by any govt. as a result of the latest…
Europe still a big concern as as we go into the new week. Germany looks like they realize more now that a Spain Bailout can not be afforded as it would more than use up the ‘special bailout fund’, then what would be left for other countries too. Zero. Situation definitely needs to be monitored. Good call by Warren Mosler…
Read below on Warren’s comments on CNBC.COM this morning. When I asked him to please explain to me how is it that the ECB could have ” unlimited funds to buy the debt of the Eurozone nations” he responded: ” How could there be? ( a limit) They spend by crediting the accounts of their member banks on their own…
I was emailing back and forth with my friend Warren, and he mentioned to me that most do not realize that a main reason the US Markets have rallied last week is the situation has changed in the Eurozone. Now that the ECB is buying the government securities of the various Eurozone nations, i.e. Ireland again today, they are in…
From: Warren Mosler Date: June 25, 2010 7:13:52 AM EDT Subject: *EU Daily- The EU is on a financially sustainable path Still looks like the strategy for Europe could be functionally very close to my proposal, and fiscally sustainable if they continue on the current path. This is just inference on my part- I have no information other than what…