FOREX - Trends, Forecasts and Implications (Episode 18: August 2012) - page 218
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There's a bullet flying by... and AGA... )))
)))
replace "to the end" with "to the sky".
I'll probably leave you (you're no good) (((.
I closed the seals at +... shit... my magic ava's not going to write about the elks... time to go to mt5 and get the hell out of here ))))))
What did he say? I don't have a translation in the terminal.
It's too late, I've already done it, they said I'm a bad guy, I don't let them sell and I don't want to come back.
And where is probably the pivot point of the fall to where do we go down? Will there be another 30 points down?
A collapse is also an option, as long as there is movement...
on the top should have been settled take the rabbit it shows the levels of the EVRAY well
https://www.mql5.com/ru/code/10179
Former European Central Bank President Jean-Claude Trichet said that he believed in the successful future of the single European currency. This reputable economist is also a supporter of a banking and fiscal union.
The former ECB boss pointed out that the world economy is currently in the third stage of a crisis - a sovereign debt crisis. It started at the end of 2009 and was partly a result of trying to avoid a crisis in the real economy that would be worse than the Great Depression of 1929.In mid-2009 the same sums were spent on both sides of the Atlantic to prevent a depression: Around 27% of GDP in the USA and Europe each in the form of guarantees, recapitalisation of banks and creation of "bad banks" for toxic securities.These steps were taken in order to avoid a collapse of the financial sector. Meanwhile, in reality, this money did not have to be paid as the collapse was avoided, but the sums were gigantic, the former head of the agency notes.
Trichet stressed that the sovereign debt crisis is not only a consequence of the bank bailout, but equally the chronic failure of governments to comply with the Stability and Growth Pact. But even if governments fulfilled the terms and conditions of the pact to the last detail, this would not be sufficient. In the economist's opinion, another important element was missing - control over joint economic and financial policy. Commenting on the eurozone situation, he said that the situation is quite paradoxical. If we take the euro zone as a whole, its budget deficit is only half of that of Japan, the US or the UK. The balance of payments of the euro zone is balanced, whereas the US has an imbalance. As a whole, the euro area is therefore in the excellent shape of a major industrialised country.
The main problem is deficiencies in governance. In order to improve it, a qualitative leap is needed, the former ECB chief believes.
Talking about concrete steps for saving the euro zone, J.-C. Trichet said: "Regardless of the ESM stability fund, I see three pivots for future economic governance in the euro zone: Firstly, we need a strengthened Stability and Growth Pact. Secondly, we need to ensure that indicators of competitiveness and imbalances within the monetary union are monitored. And thirdly, we need a banking union, that is, supervision at the euro area level, the possibility of direct recapitalisation and a deposit guarantee fund".
Regarding additional measures to stabilise the economies in the currency bloc, J.-C. Trichet also added: "As an exception, I propose the principle of economic and fiscal federation. If countries don't abide by the rules and agreements, putting the euro at risk, the community should be able to impose binding conditions on them."
Trichet is confident that the single European currency will survive. "This currency has remarkable resilience. Note that Switzerland, a strong and well-managed country, has pegged its franc precisely to the euro," he said.
Furthermore, according to the former ECB chief, Greece will remain in the currency union. "I believe this is in line with the desire of the Greeks themselves, the Greek government, as well as the other members of the euro zone. However, all arrangements for Greece to cut its spending must be implemented," he added.
The European Union was created so that at the end there would be ruins.