ECB in Crisis Mode: GREECE is the target!!

[Aman A.K.A. Ahamburger]

Mar 12, 2014 21:39:21 GMT -5 bimetalaupt said:

CONTINUING BANKING CRISIS PORTUGAL ETC ETC ETC..

Huge Step Taken by Europe’s Bank to Abate a Crisis

Wait, are you talking about the money Europe owes Gazprom

[bimetalaupt]

Mar 13, 2014 1:45:52 GMT -5 Aman A.K.A. Ahamburger said:

Mar 12, 2014 21:39:21 GMT -5 bimetalaupt said:

CONTINUING BANKING CRISIS PORTUGAL ETC ETC ETC..

Huge Step Taken by Europe’s Bank to Abate a Crisis

Wait, are you talking about the money Europe owes Gazprom

A+++,

Putin's Dream!!!

Bruce

Yes, Russia  (Gazprom)is going to raise the EU gas price and demand CASH,IE USD! Bullish or Bull Depositing Worm food on the compose pile.  Well, Organic renewable  energy used for years by cowboys also! To make  "COWBOY"coffee. Coffee grounds and egg shells. Good eating per the Wormenator. 

ECB anticipating gradual rise in inflation

The European Central Bank (ECB) is anticipating that inflation in the euro area will gradually increase over the next few years. ECB staff projections up to the end of 2016 indicate that the sustained period of low inflation will be followed by a gradual increase in price levels, said ECB president Mario Draghi in Frankfurt. Against this backdrop, the Governing Council of the ECB decided at its latest meeting to keep key rates at their current level of 0.25% and refrained from taking any additional measures.

For the first time, Eurosystem economists based their calculations on a three-year period, instead of the two-year time frame previously used. According to these forecasts, euro-area annual inflation as measured by the Harmonised Index of Consumer Prices (HICP) is set to rise on average to 1.0%, 1.3% and 1.5% in 2014, 2015 and 2016 respectively, and is expected to be as much as 1.7% in the fourth quarter of 2016, which is just under the target set out in the ECB’s definition of price stability ("below, but close to, 2%").

Draghi described the risks to the inflation outlook as limited and broadly balanced. In his view, the likelihood of an unexpected high rise in inflation or a decline into deflationary territory is low.

Strongest impulse from HICP excluding food and energy

ECB experts see the development in the HICP excluding energy and food as the main driving force behind the price inflation. According to their projections, a gradual economic recovery will trigger HICP inflation to increase to 1.1% in 2014, 1.4% in 2015, and finally to 1.7% in 2016.

In the economists’ view, the overall moderate outlook for inflation reflects the downward trend in oil price futures and the current economic slump. However, their analysis highlights that there is still a certain amount of scope in large parts of the euro area for an increase in profit margins and rising unit labour costs. In addition to this, the adjustment pressure to reduce costs and prices in some countries is abating.

Euro area to return to pre-crisis levels by the end of 2015

According to the latest projections, economic growth in the euro area will remain subdued until 2016. Aggregate real GDP is not likely to reach its pre-crisis level from the first quarter of 2008 until the end of 2015. Annual average GDP is expected to grow by 1.2% in 2014, by 1.5% in 2015 and finally by 1.8% in 2016, reported Draghi.

ECB experts attribute the expected pick-up in the economy in the coming years to the gradual recovery in domestic demand. Furthermore, in line with ECB economists’ projections, net exports will probably also make a small positive contribution to growth, as exports to non-euro-area countries are expected to gain momentum.

[Aman A.K.A. Ahamburger]

Mar 13, 2014 4:18:08 GMT -5 bimetalaupt said:

Mar 13, 2014 1:45:52 GMT -5 Aman A.K.A. Ahamburger said:

Wait, are you talking about the money Europe owes Gazprom

A+++,

Putin's Dream!!!

Bruce

Yes, Russia  (Gazprom)is going to raise the EU gas price and demand CASH,IE USD! Bullish or Bull Depositing Worm food on the compose pile.  Well, Organic renewable  energy used for years by cowboys also! To make  "COWBOY"coffee. Coffee grounds and egg shells. Good eating per the Wormenator. 

ECB anticipating gradual rise in inflation

The European Central Bank (ECB) is anticipating that inflation in the euro area will gradually increase over the next few years. ECB staff projections up to the end of 2016 indicate that the sustained period of low inflation will be followed by a gradual increase in price levels, said ECB president Mario Draghi in Frankfurt. Against this backdrop, the Governing Council of the ECB decided at its latest meeting to keep key rates at their current level of 0.25% and refrained from taking any additional measures.

For the first time, Eurosystem economists based their calculations on a three-year period, instead of the two-year time frame previously used. According to these forecasts, euro-area annual inflation as measured by the Harmonised Index of Consumer Prices (HICP) is set to rise on average to 1.0%, 1.3% and 1.5% in 2014, 2015 and 2016 respectively, and is expected to be as much as 1.7% in the fourth quarter of 2016, which is just under the target set out in the ECB’s definition of price stability ("below, but close to, 2%").

Draghi described the risks to the inflation outlook as limited and broadly balanced. In his view, the likelihood of an unexpected high rise in inflation or a decline into deflationary territory is low.

Strongest impulse from HICP excluding food and energy

ECB experts see the development in the HICP excluding energy and food as the main driving force behind the price inflation. According to their projections, a gradual economic recovery will trigger HICP inflation to increase to 1.1% in 2014, 1.4% in 2015, and finally to 1.7% in 2016.

In the economists’ view, the overall moderate outlook for inflation reflects the downward trend in oil price futures and the current economic slump. However, their analysis highlights that there is still a certain amount of scope in large parts of the euro area for an increase in profit margins and rising unit labour costs. In addition to this, the adjustment pressure to reduce costs and prices in some countries is abating.

Euro area to return to pre-crisis levels by the end of 2015

According to the latest projections, economic growth in the euro area will remain subdued until 2016. Aggregate real GDP is not likely to reach its pre-crisis level from the first quarter of 2008 until the end of 2015. Annual average GDP is expected to grow by 1.2% in 2014, by 1.5% in 2015 and finally by 1.8% in 2016, reported Draghi.

ECB experts attribute the expected pick-up in the economy in the coming years to the gradual recovery in domestic demand. Furthermore, in line with ECB economists’ projections, net exports will probably also make a small positive contribution to growth, as exports to non-euro-area countries are expected to gain momentum.

,

Already raised it by 37% in the Ukraine! But hey the Kremlin can't afford to push this any further.  I mean it's not like their own people were fed up with them and trying to push them out or anything... 

Biofuel fuels our future too for sure,

[bimetalaupt]

WARNING,WARNING, WARNING..GREEK BANKS IN DEFAULT: SOON.. BULL SHIT NEEDED TO FEED MY WORMS!! READY IN GREECE!

Greece's creditors are close to finishing a draft agreement to put to the leftist government in Athens, a source close to the talks said on Tuesday, injecting new momentum into long-running negotiations to release aid for the cash-strapped country.

Hours earlier, Greek Prime Minister Alexis Tsipras said Athens had submitted its own proposal to lenders - an apparent effort to pre-empt a take-it-or-leave-it offer by the creditors and to show Greek voters that Athens made its move first.

The statements of proposal and counter-proposal came after leaders of Germany, France and the lending institutions held emergency talks on the Greek debt crisis in Berlin late on Monday in a sign of top-level concern about the impasse.

Starved of aid and access to bond markets, Athens is precipitously close to running out of money. It has threatened to default on an IMF payment this week without a deal, though it also says it will reject any "take-it-or-leave-it" ultimatums. (some song: different day)

"We have submitted a realistic plan for Greece to exit the crisis. A realistic plan, whose acceptance by the institutions, our lenders and our partners in Europe will mark the end of the scenario of divisions in Europe," Tsipras told reporters.

"It is now clear that the decision on whether they want to adjust to realism ... the decision rests with the political leadership of Europe."

A source close to the talks said the lenders in the meantime were finalizing details of their offer to Athens.

"We are almost done," the source said.

A European Commission spokeswoman said many documents were being exchanged among negotiators, which was "already a good sign". Talks with Greece were continuing and "we are not there yet", she said.( It has only been 7 years of talk and Vast production of WORM FOOD.) 

It was not immediately known whether the document sent by Athens, which some EU officials said they had not yet seen, gave any ground on the main outstanding issues of pension and labor market reform, fiscal targets and the size of the civil service that have dogged four months of tough negotiations.

Sources close to the negotiations said there were no major concessions on the deal-breaking issues in the Greek paper.

Just a thought on Greek Banking free loaders and weird Greek Politics' lack of common sense !! What Greek Capitulation funds:

Capital of Greece: $19.99 in USD,

BiMetalAuPt

[bimetalaupt]

Lew adds his voice to warnings of a Greek 'accident'

U.S. Treasury Secretary Jack Lew said he feared Greece leaving the euro zone by "accident" and warned that the country and its creditors needed to "double down" their efforts so they can meet the next debt payment.

Lew's comments echoed those of chief economic adviser at Allianz, Mohamed El-Erian, who told CNBC on Tuesday that there was an increasing probability of a financial "accident" involving debt-strapped Greece.

El-Erian pegged the chances of an "accident"-in which Greek and European officials loose the ability to control Greece's future-at 55 percent to 60 percent, which he said was higher than what he had predicted just a few weeks ago.

Greece has come under renewed pressure this week that the country could be on the verge of quitting in the euro zone, after the country's interior minister, Nikos Voutsis, threatened over the weekend to default on loan repayments due to the International Monetary Fund (IMF).

finance.yahoo.com/news/lew-adds-voice-warnings-greek-114238498.html;_ylt=A0SO80.sw21VVVUA7ChXNyoA;_ylu=X3oDMTEzb3NtaGwzBGNvbG8DZ3ExBHBvcwMxBHZ0aWQDVklQNTc3XzEEc2VjA3Nj
GREEK BANKS ARE JUST MANY HOUSE OF CARDS WITH NO CAPITAL LEFT ! what Greece needs is growth to improve credit: like 10% and 10% saving would help!!USA hit 5.6%last Month

JUST MY THOUGHTS,

BiMetalAuPt

[Aman A.K.A. Ahamburger]

GREEK BANKS ARE JUST MANY HOUSE OF CARDS WITH NO CAPITAL LEFT ! what Greece needs is growth to improve credit: like 10% and 10% saving would help!!USA hit 5.6%last Month
JUST MY THOUGHTS,
BiMetalAuPt

Savings is going the right way in the USA that is for sure - sure sign that the US economy is in recovery.

Greece on the other hand, back into recession with capital fleeing... Seriously, what's this bailout money going to do? This is starting to get real ugly, especially when you look at Ukraine and the migrant terrorists coming across into Italy...

God bless.

[Aman A.K.A. Ahamburger]

Boy!....

Greek Groundhog Day Continues With Talks Failing to Break Impasse

Another round of top-level talks failed to resolve the standoff between Greece and its international creditors as Prime Minister Alexis Tsipras rejected proposals that would unlock bailout funds necessary to avert a default.
After a meeting with European Commission President Jean-Claude Juncker and Dutch Finance Minister Jeroen Dijsselbloem, who also heads the group of his euro-area counterparts, Tsipras said the basis for any accord must be a Greek proposal meant to avoid spending cuts and tax increases, rather than a plan drafted in recent days by creditors.
“The realistic proposals on the table are the proposals of the Greek government,” Tsipras told reporters early Thursday in the Belgian capital. We can’t “make the same mistakes, the mistakes of the past,” he said...

...Tsipras said demands by the euro area and the IMF for cuts in the income of poor pensioners and increases in value-added tax on power are unacceptable, highlighting what have been “red lines” in Greece’s stance since his anti-austerity Syriza party swept to power in snap elections in January.
“Ideas like cutting benefits for low-income pensioners, or raising the VAT rate for electricity by 10 percentage points, can’t be a basis for discussion,” he said.

[Aman A.K.A. Ahamburger]

They couldn't make the 460 million+ payment today. But they will make that one, and another 1.3 billion in payments by the end of June I think this was the B.S. you were looking for .

Greek debt crisis: IMF confirms delay in Greek repayments until end of June, averting default

Greece's first 300 million euro ($439 million) payment had been due on Friday, with cash-strapped Athens slated to hand another 1.3 billion euros over on later dates in June.

The move comes at a critical time for Greece and its IMF, European Union and European Central Bank creditors, as they push for a breakthrough in four-month negotiations to unlock 7.2 billion euros ($10.5 billion) in bailout funds Athens desperately needs to honour debt payments

[Aman A.K.A. Ahamburger]

So Greece defaults because of 1.7 billion and they are holding a referendum on paying back all these billions?

[wyouser]

Thinking about FTI and the old thread: When Piigs fly..........Is the pig finally coming home to roost? I miss his comments

[Aman A.K.A. Ahamburger]

I hear ya, wyouser.. Good times.. I have a feeling he might be around a bit more online in the future here.

They saved the EU, but because of some major missteps with how the funding mechanisms were implemented from 2011 and on, parts of Europe have now had a longer slump than the 1930's. Those countries are at risk of leaving the EU and causing some pain in the economy and markets of other EU members.

On the other hand the IMF might end up giving them til 2055 and the EU remains intact and the real problem is a global conflict and the fact that China's monetary system is screwed..

[frankq]

On the other hand the IMF might end up giving them til 2055 and the EU remains intact and the real problem is a global conflict and the fact that China's monetary system is screwed..

Wait......What? I thought The New World Order was upon us with China providing the new reserve currency?.......There a couple of guys out here that aren't going to be very happy.........

[Aman A.K.A. Ahamburger]

Q! I thought retirement had gotten the better of you... 

Jul 6, 2015 16:54:27 GMT -5 frankq said:

On the other hand the IMF might end up giving them til 2055 and the EU remains intact and the real problem is a global conflict and the fact that China's monetary system is screwed..

Wait......What? I thought The New World Order was upon us with China providing the new reserve currency?.......There a couple of guys out here that aren't going to be very happy.........

BAHAHAHAHA! The RemebiYaun - talk about a worthless piece of fait.

The NWO started in 1776 and we ain't going back.

Just wait until NoBullStreet.COM launches, we'll be able to hear their heads explod from here.

[frankq]

Retirement has been great. Took a while to get used to....

[Aman A.K.A. Ahamburger]

Happy to hear that! Big plans for the summer? A bit of riding and fishing?

[wyouser]

Good to hear Frank!  Question, however, from one who approaches that event. One must, I understand, first 'retire' in order to enter retirement.  Will that even be feasible for folks going forward? My gosh! Have you checked out the price on a set of new tires recently?