Along with the proposal from the deepening of the European Central Bank functions, it will be modified to promote the EU Treaty. This means that the 17 member states must accept more stringent budget and expenditure monitoring motion. In other words, the depth of integration, integration will interfere with a country's financial and economic system, strengthen the supervision and the right of action of the European Commission, Member States will also be at the expense of the exercise of part of its sovereignty rights. Germany believes that the euro area reform the first step is to complete the integration of economic policies, thereby in-depth integration of the European economyWorld Steel Pipe . On this basis, to create a unified euro area bond market part of the European Economic experts will be more practical basis. Blueprint for the future, the policy integration of the depth of integration in the euro zone are the only way of reform, even if accompanied by sacrifice, the reform will be imperative.
The main inflow of funds into stocks (11/25) shares of flesh fled certainly regret the sudden surge may be unexpected to investors Gospel: stuck with stocks saved the French bank Societe Generale Group's chief economist in Paris Garnier (OlivierGarnier) said that the German opposition to the European Central Bank in the open market to buy one of the few government bonds, but did not contain the reasons for the increase by the debtor countries, the cost of borrowing. "If the ECB is clearly to give the market a 'ready to be used as sources of funding to support the economy and financial system', it may actually not require much physical intervention," Garnier said, "Now it must buy Advancing beyond the existing functions allow the number of bonds.
European sovereign debt crisis has fully upgraded, the panic from spreading further to the euro zone high-credit countries. Recently, the EU core countries, Germany's national debt, and raised doubts about, and experienced a failed auction in the euro area history. All indications are that the euro zone economy has suffered the largest investment in the crisis of confidence challenges, survival in the euro area is unprecedented affects each investor in the debt storm nerves. If we say "Greek left" or "euro zone disintegration are the European leaders do not want to hear the worst," then what is the solution to the crisis, "the best policy." Countries actually no agreement . Front of only one way is clear: the euro area Member States must strengthen the integration of the depth of integration, one voice to the outside world, to the harmonization of the pace of action out of the mud of Europe's debt crisis.
Compromise of the parties, the ECB has started to consider taking measures to support the euro-zone banks in order to prevent the continuing debt crisis caused by the drying up of credit funds. News that the European Central Bank may provide term loans to banks, to ensure the future of European banks in the short term sources of funds. This approach will undoubtedly strengthen the ECB as "lender of last resort" role. At the same time, France has further called on European countries to actively seek leveraged through the European Financial Stability Fund (EFSF), to assist the European Central Bank, to absorb the country's sovereign debt, in order to combat speculation disrupting the market, restore market confidence.
Was unprecedented failure in the German bond auction last Thursday, the two leaders are invariably expressed their willingness to seek common ground while reserving differences "position. Merkel said: "We have lost the trust of investors, but because of it, we need to show mutual trust between countries."; Baroin, the French finance minister said, "understanding and respect for the German tough stance in its own historical reasons. "
Issues involved in the purchase of government bonds for the expansion of the functions of the European Central Bank, Germany and France's position has always been differences. Boao Forum for Asia International Capital Conference held in Paris a few days ago, the French finance minister, Baroin in Asia has investors said that France is still called the European Central Bank to be able to get rid of the shackles of the EU's existing treaties, with greater ability to more deeply involved in the purchase sovereign state debt, to support the euro and the stability of European financial markets. However, to Merkel as the representative of German, but insisted that the traditional role of the European Central Bank can not be changed. Germany because of the painful experience of the 20th century in the history of the first half of the two, almost instinctively collectively resist inflation, and resist the country's high debt level world pie network information . This position has not been loose.