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Last weekend, EU leaders agreed that the bailout rajah fund (ESM) will be able to finance banks directly. Have financing of individual irresponsible rajah governments from funds other members from the outset consider misstep. rajah However, the ability to send European taxpayers' money directly to banks negatives for even more. Unlike loans States, the money will go out at least pay lip hard supervisory Troika, which experienced recently, for example Greece. In exchange, we get, the shareholders of the ESM shares of insolvent banks to collapse. Well buy it.
Those of you what issues you spend a little deeper, you can think about one interesting thing. Radical treatment (direct bank funding) was agreed after some countries such as Slovakia, already approved the bailout fund. How is that possible? We will approve a new contract, we will vote on the amendment?
No. According to representatives of the Commission this change need not be a contract for the ESM vôbez change. The trick is hidden in Article 19, which states: "The Governing Council [ESM] may review the list of financial assistance instruments rajah referred to in Articles 14 to 18 and decide to change them."
The Dutch, who along with Finns are beginning to take over the baton after a hard line slowly softening Germany rajah argue against such an interpretation. rajah But as they say, what zachcelo babe, babe it is prisnilo. Today it works, tomorrow is another. Another point of interest is Article 10, which says that the Governing Council may only apply for a capital repayment on demand but this can raise capital. When it appears 700000000000 few can top dačo happen. Limits are only economic opportunities for European taxpayers.
PS If you already have a contract open, see the whole chapter 6 (Articles 31 and over). ESM officials have immunity regarding their decision. Assets ESM may be detained, including all documentation. A complete treat at the end. States are not entitled to collect ESM any direct tax, nor its employees shall not apply in the Member States income tax. If the ESM shall work pays some indirect tax, the State must put it. And I thought that said speculators should be taxed ...
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Last weekend, EU leaders agreed that the bailout fund (ESM) will be able to finance banks directly. Have financing of individual irresponsible governments from funds other members from the outset consider misstep. However ... This article was published in articles and tagged bailout fund author Martin Vlachynský. Bookmarkuj permalink.
It is the decision to move beyond democracy. After all, a long time ago (since antiquity), we know that democracy is the worst way of governing. Finally, we reach an ideal way of governing rajah - the masses rajah think that we have democracy, but in reality rajah few people outside of our control begin to decide everything. Long live the euro zone, will be fine
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