Skip to main content

SOVEREIGN STATES DEBT CRISIS 2012 - EUROPEAN COMMISSION PRESIDENT

Sovereign States Debt Crisis

To       The Right Honorable European Commission President Mr.José Manuel Barroso 
          From:  Athinarayanan Sanjeevraja
          Date:  January16, 2012
          RE:     Soverign States Debt Crisis   
          Suggestion: Eurobond
Good Morning President. I appreciate that Euro is without a doubt success story. Most of the commentator’s myths are on the premature collapse of the Euro. They may not understand how Europe works. I better understand how Europe works. I am writing to you since 2009 onwards. Price stability is a major contribution to a sustainable growth and job creation in the Euro-zone as a whole. The average annual inflation rate since the introduction of the Euro was just 1.97 percent. Monetary policy in the Euro area has accomplished this mission. ECB did a great job. European leaders never were in the position to solve the Sovereign states debt crisis. The situation is still fragile.  The current crisis mechanisms such as EU counties and IMF granted Greece financial assistance of €110 billion, EFSF provides assistance guarantees the member states of maximum €440 billion Euro and EFSM grants in the amount of maximum €60 billion are defensive and only treat symptoms. Creating new money for purpose of QE has not worked. Austerity is self defeating in a crisis. The only way to stimulate the economy as I have said on a number of occasions, Euro bonds would prevent contagion for weak countries. It is my belief that it should give better chance for growth.  
I am confident that EU can overcome this Sovereign states debt crisis as earliest as possible.
I am Athinarayanan Sanjeevraja with great respect of you.  

Comments

Popular posts from this blog

Nagorno-Karabakh conflict

To put things into perspective, Nagorno-Karabakh is not an independent entity but an occupied territory of the Azerbaijan Republic and is recognised by the international community and the UN. The fact that the Armenian Prime Minister's son is doing his military service in the Armenian army located in Azerbaijan's Nagorno-Karabakh and started an undeclared war against Azerbaijan, occupied Nagorno-Karabakh and 7 adjacent regions of Azerbaijan, and massacred and forcefully deported Azerbaijani aborigines was the main reason for the lack of peace in the region. The laws of armed conflict failed to protect the Nagorno-Karabakh civilian population, individual civilians, and civilian property. The laws of armed conflict failed to discriminate between those taking parts in the fighting in Nagorno-Karabakh. The laws of armed conflict failed to protect the environment as war causes severe or long term damage to the environment. The fact here is that there is a number of international doc...

THANK YOU NOTE TO FORMER CHIEF JUSTICE OF INDIA DR A S ANAND

To: The Hon’ble   Dr. Justice A.S. Anand, Former Chief Justice of   India & Empowered Committee Chairman From: Athinarayanan Sanjeevraja Date: Wednesday, July 25, 2012 RE: Thank you and the members of Empowered Committee and the five judge constitution Bench of Supreme Court Judges.   My lord, please accept my heartfelt thank you and the members of Empowered Committee and the five judge constitution bench of Supreme Court Judges on behalf of myself and all of the people in Tamilnadu for saving lakhs of farmers in the southern districts of Tamilnadu and the fine report you made. I wish you continued success in what you are doing my lord. The completion of the remaining judgement on Mullaperiyar will require Dharma. Every judgement should apply Dharma. Dharma should not be destroyed in any of our judgement. My lord, As you knew that “ according to lease agreement indenture granted full right, power and liberty to the Tamilnadu to construct make...

THANK YOU NOTE TO THE FEDERAL CONSTITUTIONAL COURT GERMANY 2012

To: The Hon'ble Bundesverfassungsgerichts Vizepräsident Prof. Dr. Ferdinand Kirchhof Von: Athinarayanan Sanjeevraja Datum: 13. September 2012. RE: Urteil am Euro-Rettungsschirm Danke mein Herr lieferte eine große Entscheidung über Euro-Rettungsfonds. Guten Tag Mr. Vizepräsident des Bundesverfassungsgerichts. Ihr Urteilsvermögen ist in der Frage der einstweiligen Verfügung des Euro-Rettungsfonds. Es war eine sehr wichtige Entscheidung in der Tat für die Gesundheit der Eurozone. Sie sprach sein Urteil, ist Euro-Rettungsfonds legal. European Stability Mechanism (ESM) nicht verletzen deutschem Recht. Vielen Dank für die Bereitstellung großer Urteil. Es ist der Beginn des Prozesses die Vereinigten Staaten von Europa zu etablieren. Sie fing an, mehr Europäer als Deutsche zu denken. Keine europäische Politiker den Mut haben den Euro zu töten. In der Tat, der deutsche Finanzminister Wolfgang Schäuble warnte auch, dass es eine "erhebliche wirtscha...