Titlebook: Breaking Up the Euro; The End of a Common Dimitris N. Chorafas Book 2013 Palgrave Macmillan, a division of Nature America Inc. 2013 Euro.E

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bronchodilator

https://doi.org/10.1007/978-1-137-56098-8es. The reason for its establishment lies in the fact that the EU’s Lisbon Treaty prohibits bailouts. The EFSF has no such clause in its charter, so it can do things the European Central Bank cannot do without violating its statutes..

Interlocking

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乞討

,The Nineteenth “Summit’s” Miracle Weapons: June 28–29, 2012,esult would be catastrophic particularly for their country. The economic realities are those that they are and it is counterproductive to deny them. Therefore, it is better to press on the decelerator of debt issuance than on the accelerator, as the latter leads straight to bankruptcy.

變化無常

ECB, EFSF, ESM, Eurobonds, and Political Horse Trading,es. The reason for its establishment lies in the fact that the EU’s Lisbon Treaty prohibits bailouts. The EFSF has no such clause in its charter, so it can do things the European Central Bank cannot do without violating its statutes..

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Throwing Money to the Four-Letter Wind: LTRO,2 trillion ($1.36 trillion) the ECB put in the market in December 2011 and February 2012. Officially this has been known as the Long-Term Refinancing Operation (LTRO). . Market professionals say that it was Nicolas Sarkozy who, together with Mario Monti, convinced Angela Merkel that it will turn the market around. It did not.

不持續(xù)就爆

Fiscal Compact and Outright Monetary Transactions,its very existence, were engineered by Fran?ois Mitterrand, the French president, and Guilio Andreotti, the Italian prime minister, to trap Helmut Kohl, the German chancellor, into abandoning the deutschmark in favor of the euro. What become known as the Maastricht Treaty. was signed in February 1992.