CONSENT TO REPUDIATE COLLATERAL BONDS OF WEAK EU MEMBERS To: The Right Honourable European Central Bank President Dr. Mario Draghi From: Athinarayanan Sanjeevraja Date: April 5, 2012 RE: Consent to repudiate collateral bonds of EU members whose credit rating descend below ECB standards. Suggestion: Good Morning Mr. President. I wish to make comment to the ECB. Last week, you gave consent to the 17 national central banks in the euro system to repudiate collateral bonds backed by the government that have received a bailout from the EU and IMF whose credit rating descend below ECB standards. If I am not mistaken, Ireland, Greece and Portugal are received loans from the EU and IMF to keep their governments afloat. Deutsche Bundesbank and Oesterreichische National Bank are taking advantage of that freedom because of ECB decision to give EU central bankers freedom to repudiate collateral bonds of weak members. I anticipate that more central banks in EU members
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.