Euro zone and ECB has to implement the solution of combining all government bonds up to 60% of GDP as Euro bonds because bond yields are too high so it cannot borrow. Later when banks have build up their reserves to handle eventual restructuring, the Euro zone countries should contemplate such actions were appropriate. If ECB fail to do it. Greece should default.
To: The Right Honourable European Commission President Hon. Jean-Claude Juncker From: Athinarayanan Sanjeevraja Date: August 19, 2019 RE: BRITAIN’S BREXIT BATTLE Suggestion: Hon. European Commission President, let me start by paying my respects to you and through you to. The UK Prime Minister Boris Johnson has insisted repeatedly that backstop must go, if not then no deal BREXIT but he support the GFA and custom-free border between the UK (Northern Ireland) and the EU (Republic of Ireland). That is a blatant contradiction. How can he have it both ways? If the UK wanted to exit from the EU bloc without a deal - the return of a hard border is absolutely necessary. Why BREXITERS are object to the backstop? The reason behind that it would give the EU way to keep a toehold in future UK trade policy. If the UK wanted to leave the EU without backstop, in other words, a hard BREXIT or there is been no exit agreement by both the UK and the EU – then the r
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