Hmm is anyone else encountering problems with the pictures on this blog loading?
I’m trying to determine if its a problem on my end or if it’s the blog.
Any responses would be greatly appreciated.
Hello There. I found your blog using msn. This is a really well
written article. I will make sure to bookmark it and return to
read more of your useful info. Thanks for the post. I’ll definitely return.
LONDON, June 23 (Reuters) – As German opinion polls shift
dramatically from Green to conservative ahead of September’s elections, the prospect
of a post-pandemic rethink of euro zone fiscal policy
and debt funding dims with them.
Just six week ago, the chances of a first Green Party
Chancellor were very real indeed, judging by huge poll ratings for
Green candidate Annalena Baerbock. And it was widely touted in financial markets as a
potentially seismic moment in German domestic and European economic policy.
But polls have flipped back since to Angela Merkel’s CDU conservatives and their sister CSU party.
With Merkel stepping down, the alliance led by candidate Armin Laschet has moved ahead in all nine surveys published in June so
far – a lead widening to a latest of almost 10 points.
A series of gaffes and missteps by Baerbock have been blamed by local pundits, while online prediction markets
betting on the next Chancellor have ballooned in favour of Laschet.
In the light of that resurgence, Monday’s conservative
manifesto was for many a bucket of cold water over hopes the euro zone could move to a looser fiscal setting and more integrated funding stance once the pandemic finally passes.
Criticised domestically for pitching seemingly unfunded tax relief
for high earners, the plans demand a return of Germany’s constitutional „debt brake” – limiting structural deficits to
0.35% of gross domestic product – and a goal of getting
debt/GDP back below 60% from this year’s pandemic-related
blowout of 70%.
Reform of euro zone fiscal rules were flatly
dismissed. The manifesto seeks a return to status quo ante and to „swiftly reinstate” the Stability and Growth Pact (SGP) suspended during the fight against COVID-19.
It also insists the 800 billion euros ($955 billion) of EU-wide funding for the post-pandemic Recovery Fund is a one off and
not the start of a „debt union.”
While none of it is a radical departure from existing conservative thinking,
it stokes fresh fears of a return to euro austerity policies that many blame
for the paltry and spluttering economic rebound in the euro area
after the banking crash and sovereign debt shock of the past
decade.
They also douse down Green party proposals such as reform of the SGP and
making the EU recovery fund a permanent part of the EU budget to invest in a „green transition”.
'RECIPE FOR DISASTER’
Some economists see it as less of a return to normal than a step into the dark.
„Laschet’s plea for a return to pre-pandemic fiscal rules is a recipe for disaster – pushing for slower recovery, divergence and euro zone breakup down the road,”
said Philipp Heimberger at The Vienna Institute for International Economic Studies.
All good reasons for investors to sit up and take notice.
Even if markets have been obsessed of late with the runes of U.S.
Federal Reserve signalling or Washington’s big spending push, the German hustings have potentially profound implications for the future of the euro,
cohesiveness with the bloc and another mammoth task ahead
for the European Central Bank.
„The CDU manifesto gives an opening for more fiscal flexibility and hence stimulus at the national level – but hardly any at the eurozone level,” concludes ING’s Global Head of Macro Carsten Brzeski, talking of a „Germany First” investment agenda that’s „bad news for euro federalists.”
Brzeski cautions about over-hasty reading of the polls, however, and still sees a CDU/Green coalition as one of the most likely outcomes of the election. Even if a Green Chancellor seems less likely,
he points out that German voting intentions appear more
fluid and prone to larger swings than normal.
Merkel said on Tuesday that Germany may need to spend „gigantic” sums on hi-tech industry and cleaner energy over the years ahead and some state aid
would be needed. But she stuck to the party line by saying that was the reason public finances needed to be brought back in check now.
If that sort of fiscal restraint overrides any Green fiscal and investment rethink after September,
the drag on German and euro zone growth potential will underline what ECB President Christine Lagarde described on Monday as the „different situation” between the United States
and the euro zone.
As such, it doesn’t bode well for the prospect of positive German government bond yields or a sustained euro currency rise over time.
($1 = 0.8379 euros)
(by Mike Dolan, Twitter: @reutersMikeD Editing by Mark Potter)
We’re a group of volunteers and starting a new scheme in our community.
Your web site provided us with valuable info to work on. You’ve done an impressive job and our entire community will be grateful to you.
What is New U Life SOMADERM Transdermal Gel.
Look into my web-site: Bookmarks
NewULife Ranks. Welcome to my NewUlife Evaluation.
Stop by my page Bookmarks
There are two general kinds: finishings and treatments.
Check out my web page bookmarks
They have items to offer or services to provide.
Feel free to surf to my web-site :: soul searching quotes for instagram
Remarkable! Its actually awesome piece of writing,
I have got much clear idea about from this post.
Good day! Do you use Twitter? I’d like to follow you
if that would be ok. I’m absolutely enjoying your blog and look forward to
new updates.
Hmm is anyone else encountering problems with the pictures on this blog loading?
I’m trying to determine if its a problem on my end or if it’s the blog.
Any responses would be greatly appreciated.
Look at my web page embroidery Pearland tx
Hello There. I found your blog using msn. This is a really well
written article. I will make sure to bookmark it and return to
read more of your useful info. Thanks for the post. I’ll definitely return.
Even more training hours are required.
Take a look at my webpage … Bookmarks
Even more pilot training cost uk
hours are needed.
NewULife Ranks. Invite to my NewUlife Testimonial.
Also visit my web site :: ceramic pottery class
Live Singapore By Mike Dolan
LONDON, June 23 (Reuters) – As German opinion polls shift
dramatically from Green to conservative ahead of September’s elections, the prospect
of a post-pandemic rethink of euro zone fiscal policy
and debt funding dims with them.
Just six week ago, the chances of a first Green Party
Chancellor were very real indeed, judging by huge poll ratings for
Green candidate Annalena Baerbock. And it was widely touted in financial markets as a
potentially seismic moment in German domestic and European economic policy.
But polls have flipped back since to Angela Merkel’s CDU conservatives and their sister CSU party.
With Merkel stepping down, the alliance led by candidate Armin Laschet has moved ahead in all nine surveys published in June so
far – a lead widening to a latest of almost 10 points.
A series of gaffes and missteps by Baerbock have been blamed by local pundits, while online prediction markets
betting on the next Chancellor have ballooned in favour of Laschet.
In the light of that resurgence, Monday’s conservative
manifesto was for many a bucket of cold water over hopes the euro zone could move to a looser fiscal setting and more integrated funding stance once the pandemic finally passes.
Criticised domestically for pitching seemingly unfunded tax relief
for high earners, the plans demand a return of Germany’s constitutional „debt brake” – limiting structural deficits to
0.35% of gross domestic product – and a goal of getting
debt/GDP back below 60% from this year’s pandemic-related
blowout of 70%.
Reform of euro zone fiscal rules were flatly
dismissed. The manifesto seeks a return to status quo ante and to „swiftly reinstate” the Stability and Growth Pact (SGP) suspended during the fight against COVID-19.
It also insists the 800 billion euros ($955 billion) of EU-wide funding for the post-pandemic Recovery Fund is a one off and
not the start of a „debt union.”
While none of it is a radical departure from existing conservative thinking,
it stokes fresh fears of a return to euro austerity policies that many blame
for the paltry and spluttering economic rebound in the euro area
after the banking crash and sovereign debt shock of the past
decade.
They also douse down Green party proposals such as reform of the SGP and
making the EU recovery fund a permanent part of the EU budget to invest in a „green transition”.
'RECIPE FOR DISASTER’
Some economists see it as less of a return to normal than a step into the dark.
„Laschet’s plea for a return to pre-pandemic fiscal rules is a recipe for disaster – pushing for slower recovery, divergence and euro zone breakup down the road,”
said Philipp Heimberger at The Vienna Institute for International Economic Studies.
All good reasons for investors to sit up and take notice.
Even if markets have been obsessed of late with the runes of U.S.
Federal Reserve signalling or Washington’s big spending push, the German hustings have potentially profound implications for the future of the euro,
cohesiveness with the bloc and another mammoth task ahead
for the European Central Bank.
„The CDU manifesto gives an opening for more fiscal flexibility and hence stimulus at the national level – but hardly any at the eurozone level,” concludes ING’s Global Head of Macro Carsten Brzeski, talking of a „Germany First” investment agenda that’s „bad news for euro federalists.”
Brzeski cautions about over-hasty reading of the polls, however, and still sees a CDU/Green coalition as one of the most likely outcomes of the election. Even if a Green Chancellor seems less likely,
he points out that German voting intentions appear more
fluid and prone to larger swings than normal.
Merkel said on Tuesday that Germany may need to spend „gigantic” sums on hi-tech industry and cleaner energy over the years ahead and some state aid
would be needed. But she stuck to the party line by saying that was the reason public finances needed to be brought back in check now.
If that sort of fiscal restraint overrides any Green fiscal and investment rethink after September,
the drag on German and euro zone growth potential will underline what ECB President Christine Lagarde described on Monday as the „different situation” between the United States
and the euro zone.
As such, it doesn’t bode well for the prospect of positive German government bond yields or a sustained euro currency rise over time.
($1 = 0.8379 euros)
(by Mike Dolan, Twitter: @reutersMikeD Editing by Mark Potter)
Wow, this paragraph is good, my sister is analyzing these things, so I am going
to convey her.
Also visit my webpage – best IPTV in canada
USP human development hormonal agent (somatropin).
Here is my blog :: Bookmarks
They are ranked high in most intelligent pet dog breeds a-z dish towel breeds.
They have items to offer or services to use.
Feel free to visit my website soul searchers think
Allow Addiction centers hiring near me show you
in my testimonial of NewULife.
Paralegals work closely with attorneys.
Stop by my blog – what type of lawyers make the most money in florida
We’re a group of volunteers and starting a new scheme in our community.
Your web site provided us with valuable info to work on. You’ve done an impressive job and our entire community will be grateful to you.
They have products to market or services to use.
My page :: custom replacement windows online
http://www.pogodaiklimat.ru/forecast/35700.htm
Türkiyenin en güvenilir bahis sitesi
The larger Slim battery, fantastic for longer runtimes.
My web-site :: dual catch can setup
There are two general kinds: coatings and treatments.
My web-site – garage floor paint colors
They have products to sell or services to offer.
Also visit my web blog :: replacement Windows vs new construction
There are 2 basic types: treatments and coverings.
Also visit my web blog; Garage Flooring Options
Let me show you in my review of NewULife.
My page Bookmarks
In this case, the life insurance company’s cash.
my blog post – addiction centers nyc
The bigger Slim battery, great for longer runtimes.
Feel free to surf to my web site … max protect reviews
XYGENYX, a licensing firm for FDA-registered products.
Here is my web page … bookmarks
The larger Slim battery, excellent for longer runtimes.
Also visit my blog post :: Bookmarks
The American Kennel Club recognizes 200 types.
my site; Dog Breeds A-Z With Pictures In India
In this case, the life insurance policy firm’s loan.
Look into my homepage deep soul searching quotes
The bigger Slim battery, wonderful for longer runtimes.
Stop by my homepage … Foil Drive Assist Max