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.

http://www.athinarayananadvisoryauthority.blogspot.com

Comments

BRITAIN’S BREXIT BATTLE 2019

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

HONG KONG EXTRADITION BILL 2019

To: The Right Honourable Chief Executive of the Hong Kong Special Administrative Region of the People’s Republic of China Ms. Carrie Lam From: Athinarayanan Sanjeevraja Date: August 29, 2019 RE: HONG KONG EXTRADITION BILL 2019 Suggestion: Hon. Chief Executive of the Hong Kong let me start by paying my respects to you and through you to. “One Country Two Systems” structure compels Hong Kong to operate currently under different legal system than that of Mainland China. You published the extradition bill on March 29, 2019 and first reading on April 3, 2019 which will destroy Hong Kong legal independence because extradition bill is another attempt for China to take away the Hong Kong independent legal system that China has agreed for Hong Kong to keep until 2047. Thus, the people of Hong Kong marched their protest against the bill on June 9, 2019. Hong Kong protests are still continuing. The silence of your government leads me to believe you have no plan t

EU NEW FISCAL AUTHORITY FOR WEAK MEMBER STATES

This paper focuses on setting up new fiscal authority to manage compatible fiscal decentralisation and budgetary discipline in the EU Member States. The authority need to adopt a tough fiscal consolidation programme. The authority should be responsible for designing fiscal policy for all Member States with stricter rules, conscientious monitoring and enforcement mechanisms for the conduct of fiscal decentralisation and budgetary policy. If Member States does not implement or violate the fiscal authority law that Member State/States to be sued in the European Court of Justice. We cannot grow our economy without proper fiscal cooperation between Member States. So the fiscal authority must coach at least weak Member States how to implement effective fiscal policy so that crony driven economy can be turned into a competitive market based economy. EU established the provisions of the Stability and Growth Pact (SGP) to avoid excessive deficits of the Member States and take precise act

Search This Blog