Posts Tagged ‘BiniSmaghi’
Reuters say the EU heads of state will discuss the future role of Bini-Smaghi, an Italian, when Italy’s Drgahi takes the helm of the ECB.
My guess is he will switch places with Draghi and run the Bank of Italy. That’s what happened when Trichet went to the ECB and Christian Noyer went from the ECB [...]
Hikes can be normalized more gradually by moving early
If ECB waits longer it would risk steeper rate hikes
Japanese quake will cut Japanese imports, raise public spending
EUR/USD is trading just above 1.4000 as Bini-Smaghi drives home the idea of rate multiple rate hikes to come.
Rates must adapt to new inflationary pressure
Debate on aid mechanism must end, must take action
EUR/USD is triggering stops above the 1.3850 level, trading as high as 1.3858 so far.
Because he’s Italian.
He’s trying to show that Italians can out-hawk the Germans so his compatriot Mario Draghi gets the top job in Frankfurt at the ECB when Trichet’s term ends.
The consolation prize for Bini-Snaghi?
Draghi’s old job at the Bank of Italy…
These guys are so freakin’ transparent…
Well there’s your problem!
ECB executive board member Bini-Smaghi says that Germany will continue to outpace the rest of Europe growth-wise. This will make it very difficult, in a fixed exchange rate regime, for Club Med countries to maintain competitiveness. It is very difficult to pull out of recession in an uncompetitive economy unless a rise [...]
We’re working on Plan A, not Plan B, says Bini-Smaghi.
I think the ECB managing board member sums it up nicely: could been better, but coulda been worse. There coulda been nuttin’.
The IMF’s involvement is an example of realpolitik, he says.
True, that.
Traders note comments by Greenspan on Bloomberg saying both the euro and USD will fall. A pox on both your houses, apparently…
The euro will remain a strong currency and the ECB will act independently after the Greek deal. Europe has come through its “umpteenth” crisis, he says, and the euro project is not at risk.
Most observers would call the Greek crisis the most severe to date and Europe had to turn to the IMF for help…the [...]
