{"id":418,"date":"2010-05-09T09:59:00","date_gmt":"2010-05-09T13:59:00","guid":{"rendered":"http:\/\/www.intuitiveinvestor.com\/web\/?p=418"},"modified":"2018-08-19T10:08:55","modified_gmt":"2018-08-19T14:08:55","slug":"emergency-fund-in-the-eurozone","status":"publish","type":"post","link":"https:\/\/jasonapollovoss.com\/web\/2010\/05\/09\/emergency-fund-in-the-eurozone\/","title":{"rendered":"Emergency fund in the Eurozone"},"content":{"rendered":"

Because there is a potential for financial market panic regarding the bailout of Greece, as well as other struggling European economies, the members of eurozone<\/span> economies are conducting emergency meetings.\u00a0 So far there is not much to write about other than the usual European shenanigans when crisis hits that continent.\u00a0 In other words, there have been press releases of promises but without substantive details.<\/span><\/p>\n

This time the eurozone<\/span> is promising that they have created an “emergency fund” designed to shore up confidence in the financial markets.\u00a0 However, only\u00a0one specific has been disclosed.\u00a0 Namely, the EU’s<\/span> big guns (Germany, France, UK, et<\/span>. al<\/span>.) will be able to issue bonds – that is, they will be able to raise money.\u00a0 Those monies are to be used to protect the Euro from its catastrophic fall, as well as additional bailouts, if needed.\u00a0 These debts will supposedly be guaranteed by eurozone<\/span> members.\u00a0 However, the EU charter provides no authority for the EU to raise debt as a sovereign entity.\u00a0 That means that individual states, like Germany, would be required to raise the money in the debt capital markets.\u00a0 In other words, the latest round of activity from the eurozone<\/span> folks is akin to having your rich uncle say that he will cover your rent if you run into any trouble.<\/span><\/p>\n

However, in a positive sign, the EU folks do seem to be cognizant of what is going on in the financial markets around the world.\u00a0 And they do seem to be trying to do something.\u00a0 Whether that ‘something’ will be enough remains to be seen.\u00a0 But this compares to the normal EU pace of a groggy, hungover, mentally deficient snail.<\/span><\/p>\n

Keep your fingers crossed that the eurozone<\/span> can finally put the meat of action\u00a0on the skeleton of good intention.<\/span><\/p>\n

Jason<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Because there is a potential for financial market panic regarding the bailout of Greece, as well as other struggling European economies, the members of eurozone economies are conducting emergency meetings.\u00a0 So far there is not much to write about other than the usual European shenanigans when crisis hits that continent.\u00a0 In other words, there have […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[3],"tags":[],"class_list":["post-418","post","type-post","status-publish","format-standard","hentry","category-the-blog"],"_links":{"self":[{"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/posts\/418","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/comments?post=418"}],"version-history":[{"count":0,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/posts\/418\/revisions"}],"wp:attachment":[{"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/media?parent=418"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/categories?post=418"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/tags?post=418"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}