{"id":428,"date":"2010-05-21T10:07:00","date_gmt":"2010-05-21T14:07:00","guid":{"rendered":"http:\/\/www.intuitiveinvestor.com\/web\/?p=428"},"modified":"2018-08-18T17:55:50","modified_gmt":"2018-08-18T21:55:50","slug":"the-german-parliament-approves-bailout-package","status":"publish","type":"post","link":"https:\/\/jasonapollovoss.com\/web\/2010\/05\/21\/the-german-parliament-approves-bailout-package\/","title":{"rendered":"The German parliament approves bailout package"},"content":{"rendered":"<p><span style=\"font-size: 16px;\">Good morning everyone!<\/span><\/p>\n<p><span style=\"font-size: 16px;\">The EU bailout package was designed to reassure financial markets of the seriousness of European nations to handle their own financial affairs.\u00a0 Needless to say, the financial markets were not reassured by the package.\u00a0 Primarily the concerns seem to be focused on the inherent weakness of the EU structure.\u00a0 Namely, is it possible to have a coordinated response when 27 nations must all unanimously approve a course of action?\u00a0 All eyes have been focused on Germany.\u00a0 Because of its heft and import to the EU, accounting for 40% of EU economic activity, if the German parliament were to turn down the aid package then the EU and its eurozone\u00a0were likely to collapse.\u00a0 Fortunately, the German parliament, both lower and upper houses, have approved the bailout package.\u00a0 This should set the stage for the other important EU countries to also approve the package.\u00a0 At this juncture, even if there is not unanimous consent, the big nations in the EU are free to act independent from the EU apparatus.\u00a0 Hopefully this will quell the financial markets&#8217; jitters.<\/span><\/p>\n<p><span style=\"font-size: 16px;\">Have a good weekend!<\/span><\/p>\n<p><span style=\"font-size: 16px;\">Jason<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good morning everyone! The EU bailout package was designed to reassure financial markets of the seriousness of European nations to handle their own financial affairs.\u00a0 Needless to say, the financial markets were not reassured by the package.\u00a0 Primarily the concerns seem to be focused on the inherent weakness of the EU structure.\u00a0 Namely, is it [&hellip;]<\/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-428","post","type-post","status-publish","format-standard","hentry","category-the-blog"],"_links":{"self":[{"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/posts\/428","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=428"}],"version-history":[{"count":0,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/posts\/428\/revisions"}],"wp:attachment":[{"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/media?parent=428"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/categories?post=428"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/tags?post=428"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}