主题:【原创】闲话92: 城门失火殃及谁 -- 井底望天
weakness.
Euroland's problem needs the final solution just like the American crisis: use taxpayers' money to fill in the Greek hole.
But no Europeans want this solution (except the Greeks).
During the American crisis, three key players fixed the mess: Hank, Tim and Ben. One from Treasury as the mastermind of various solutions, the second from NY Fed to deal with Wall Street and coordinate with other regulators. Ben provides ammunition and various technical solutions. Three great men with resolution and same vision.
Another big plus: Hank locked in China's support and Chinese financial elites did not desert dollar in the crisis period 2007-2008.
On the other side the Atlantic ocean, Greeks 死猪不怕开水烫, are crying babies. They want fiscal free money, while loan "reprofiling" or renewal can not solve their fundamental problems at all.
The two cores, Germans and Frenchmen, can not agree with each other. Frenchmen have grand plans, but short on money. Germans have money, but do not want to be a stupid free money distributor any more. ECB adamantly refused the idea of restructuring since it holds billions of Greek debts and a haircut will eliminate its capital.
European Commission can not agree on anything. European President is a joke with no authority. Europeans still could not establish a EU-level Treasury.
Who knows what will happen if other central bank give up Euro and give the last coup d'grace...
....
Gov. bond is the foundation of modern finance: widely used as collateral in bank transactions, as well as the starting point for various interest rates.
EU will be in firefighting mode for a while WITHOUT A systematic solution. This weekend is gonna be funny.
I do believe that EU still has ammunition to force through a temporary solution, just as Americans did during the Bear Stearns weekend.
But the final Lehman Brother II weekend will come and haunt Euroland for sure.
- 相关回复 上下关系8
🙂卡恩 sywyang 字52 2011-05-23 00:46:45
🙂Good guess 1 ImaNut 字123 2011-05-23 05:53:36
🙂这还真不清楚,不过感觉不排除,混血也说不定 3 联储主席 字102 2011-05-23 04:09:23
🙂Euro's institutional weaknes
🙂因为我们是早上八九点钟的太阳,所以世界归根结底是属于我们 45 GWA 字873 2011-05-19 17:59:51
🙂看了很多回帖,发现一个有趣的问题 25 wild007 字1690 2011-05-19 15:34:12
🙂国家只是手段是途经,可许多人却认为国家是目的。。。 4 Endless 字0 2011-05-19 17:35:06
🙂中美博弈 6 soso1982 字720 2011-05-19 12:07:17