IREF headline
The press releases following the meeting of the ECB Governing Council (GC) on Thursday 22 July 2022 are masterpieces of uninformation in which the ECB attempts to gaslight its stakeholders, making them question their own perception of reality. It is ironic that the ECB […]
Red alerts are flashing all over the Whitehall radar screen. The Prime Minister has been deposed and the country is leaderless for the summer. Living standards are plummeting under the impact of soaring inflation. Russia’s savagery tortures Ukraine and threatens our security.
It is easy to take […]
[as published on www.brexit-watch.org on 13 July 2022 under the above headline and photograph, a Photo of Anak Krakatau by arief adhari/EyeEm from Adobe Stock]
BREXIT HAS BEEN largely botched so far, as has so much else by the present government. Remainers, several now emanating from their mausolea, claim that prices would be lower and […]
Germany has been resistant to many measures of the European Central Bank, not least the size of its bond-buying programmes and its latest ‘Transmission Protection Mechanism’ approved at the main meeting of July 2022. The aim of the ‘TPM’ is to avoid ‘fragmentation’, meaning the yields on the bonds issued by some Eurozone member states […]
Balances of banks sitting in the Eurosystem and percentage of respective country’s GDP
As previously published by irefeurope.org but with more detail behind the numbers
The European Central Bank (ECB) held its latest Governing Council meeting on 14 April 2002 and issued its normal press release. It issued its longer ‘Combined monetary policy decisions and statement’. Finally […]
The subscribed and paid capital contributions of the 19 ESM members
This article was published for the first time on www.brexit-watch.org on 6th April 2022.
The European Stability Mechanism (ESM) is the main Eurozone bailout fund should further members be unable to access capital markets directly: the ESM would finance the member state, as they have done […]
Most of my contribution appeared on Facts4EU.org
On the second anniversary of the UK’s leaving the EU, it was worth relecting on what had been gained, even if Theresa May and now Boris Johnson could claim very little credit for it.
Here were my First Eleven of benefits, which made up the bulk of the Facts4EU piece…
Had […]
First published on en.irefeurope.org
In recent times, the EU authority has been challenged by Romania and Poland, both of whom have asserted the primacy of their domestic laws over EU treaty law in certain areas. Hungary is also a well-known thorn in its side. Given these threats, and the reputational sleight of the departure of the […]
This article was first published on brexit-watch.org
Facts4EU.Org has revealed that the EU, in Christmas week, floated the concept of new taxes to bring in an amount of €380 billion between 2026 and 2030, of which €85 billion would flow to Brussels. €247 billion of the new taxes are carbon-related, and €133 billion are new taxes […]
TARGET2: scale of invisible Eurozone liabilities demands action by global financial regulators
We recently had a blog published by Politeia about the lack of transparency in the accounting for the debts of EU/Eurozone member states. The member states’ contingent liability to backstop the debts of the EU is an example. Member states also have a contingent […]