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“If the Euro is to survive”, centralized banking supervision and unlimited liquidity are crucial

Thursday, April 4th 2013 - 22:20 UTC
Full article 12 comments

Creating an EU banking union with a centralized supervisory and restructuring board plus telling the European Central Bank to provide unlimited liquidity to maintain the payments system are crucial if the Euro is to survive, according to a leading German economist from the European Bruegel think-tank analyzing the ongoing banking and confidence crisis triggered by Cyprus. Read full article


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  • Fido Dido

    “If the Euro is to survive”, centralized banking supervision and unlimited liquidity are crucial keep the PONZI SCHEME going. Solution is simple, drop the banks and prosecute them (they are dead, okay get that into your head and put them in jail for fraud), let all nations in Europe go back to their own currency and move on.

    Apr 05th, 2013 - 03:25 am - Link - Report abuse 0
  • Britworker

    Dear Europe, you are welcome to 'your' Euro. We want out of the whole European mess as soon as possible.

    Apr 05th, 2013 - 08:32 am - Link - Report abuse 0
  • ChrisR

    @1 Fido Dildo

    The ultimate Dutch renegade and Nuevo-economist. The Euro has many things wrong with it, but a Ponzi scheme it is not: it shows that you do not know the definition of a Ponzi.

    Now we can talk about pseudo Ponzi schemes: got a bit coin yet?

    The blow up is coming to that Ponzi scheme as well. You rant about the FIAT dollar and what do you value that crap in: DOLLARS!

    Try buying anything with a 'Bitcoin' and see how far you get.


    Apr 05th, 2013 - 12:25 pm - Link - Report abuse 0
  • Shed-time

    So the answer to EU issues is to move all political and economic decision making to Berlin. How very 1930s of them.

    Apr 05th, 2013 - 02:47 pm - Link - Report abuse 0
  • Brazilian

    Good bye Euro. Cheers from South America!

    Apr 05th, 2013 - 03:33 pm - Link - Report abuse 0
  • briton

    we though fido was a pro european,

    the sooner we get out the better.

    but where do ya put ya money,
    perhaps fido will look after it for us,
    what say you fido..

    Apr 05th, 2013 - 06:43 pm - Link - Report abuse 0
  • Britworker

    You are completely right, you will never get a country like Spain working, operating and functioning in the same way as a country like Sweden. They are utterly different in every way and it is doomed to fail. This what the UK have been telling them for 30 years. Already you can see who are going to be the winners and who are the losers within the Eurozone.

    Apr 06th, 2013 - 08:23 am - Link - Report abuse 0
  • yankeeboy

    I have never thought the Euro was a good idea. I think it will prove to be a very costly experiment and eventually all the countries will go back to managing their own finances/currencies.
    Thank goodness UK was never part of that failure.
    It will be interesting to see which country bails first.

    Apr 06th, 2013 - 12:54 pm - Link - Report abuse 0
  • briton

    Apparently the mighty EU are about to get around that little problem,

    they are setting up a rescue type bank, that will help all those outside of the EURO, and countries , yet to join the European union and thus the EURO,
    And have decided that ALL member countries will contribute,
    And Britain’s contribution is about [ 11 billion]

    And Euro controlled Cameron will pay up,
    You can bet on that,
    Just think of all those billions our government gives to others, instead of investing billions in our country.

    We have been lied to abt the corrupt euro..
    yet despite the complaints, come may local elections, they will line up like robots waiting to vote labour , libdem ,and conservative councillers.

    Ukip we say, but do they listen..??????????

    Apr 06th, 2013 - 06:46 pm - Link - Report abuse 0
  • John III (Pope)

    No, “they” don't listen because “they” know that the UK cannot survive on its own.

    Apr 07th, 2013 - 08:13 am - Link - Report abuse 0
  • briton

    well we survived for the last 2,000 years

    perhaps it is the euronutters who cant go it alone without OUR money..

    Apr 07th, 2013 - 11:08 am - Link - Report abuse 0
  • ChrisR

    10 John III (Pope)

    Please explain WHY the UK would not survive without the EU.

    You are aware that we pay something like £50M per day to the EU are you?

    They also appear to be our best trading partners APART from they include in all the figures ALL the container traffic in transit at continental ports. When all of this is stripped out they are not even the first trading partner.

    I bet you do not answer this, except with a frivolous off topic comment.

    Apr 07th, 2013 - 03:38 pm - Link - Report abuse 0

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