SUGGESTION TO THE EUROPEAN CENTRAL BANK PRESIDENT MARIO DRAGHI To The Right Honorable European Central Bank President Mario Draghi From: Athinarayanan Sanjeevraja Date: November 21, 2011 RE: Euro Debt Crisis Suggestion: Let’s start showing the world that we are really a Union. Good Morning President. I stalwartly disagree with ECB executive board members are continuing to say that letting banks fail to save tax payers money and Eurobonds are unsafe assets. Both are absolutely erroneous Mr. President. Let me explain, if banks fail this would unsettle the financial market worldwide. In fact it ends up costing tax payer much more. The pragmatic solution is probably for the creditor to assess the ability and willingness of the debtor to pay. If creditors find there is solvent or liquidity problems, it will be in the creditors own interest to extend the maturity of the loan of the debtors. This is one of the common pragmatic solutio
My mission is to helping global leaders to understand the forces of transforming the global economy, industry and finance to improve overall economic performance and work for better international policies since 2009. My work is to provide international leaders in economy, industry and finance with the facts and insights on which to base policy decision. In addition, addressing international conflicts by using paternalistic theory consistently with sound arguments from 2009 to September 2023.