EU leaders have appointed Italy's Federica Mogherini as EU foreign
policy chief and Poland's Donald Tusk as European Council president. The
announcement came in tweets from the current council president, Herman Van
Rompuy, at an EU summit. Ms Mogherini, a
centre-left politician, is Italy's foreign minister. She will replace the UK's
Catherine Ashton. Mr Tusk, Poland's
centre-right prime minister, has been Polish leader since 2007. He will chair
EU summits. The full-time appointments mean that the EU's three top jobs are
now filled. Mr Tusk and Ms Mogherini will work closely with the new European
Commission President, Jean-Claude Juncker.On arrival at the summit the European
Parliament President Martin Schulz, a Socialist, spoke warmly of Ms Mogherini,
calling himself a "fan". It was a strong indication that she would be
a popular choice among MEPs. The parliament's approval is required for all 28
members of the new Commission, and the EU foreign policy chief, officially
called the High Representative, is also a vice-president of the Commission. Baroness Ashton, a centre-left UK politician,
has been in the job since 2009. The High Representative runs the EU External
Action Service (EEAS). Italy's
centre-left Prime Minister Matteo Renzi pushed hard for Ms Mogherini to get the
job. However, last month the EU failed to get a consensus on her candidacy, as
the Baltic states and Poland saw her as inexperienced and too soft on Russia.
She has only been Italian foreign minister since February.
Access Investments-Building Awareness - European Union-ROMANIA
Saturday, August 30, 2014
EU leaders have appointed Italy's Federica Mogherini as EU foreign
policy chief and Poland's Donald Tusk as European Council president. The
announcement came in tweets from the current council president, Herman Van
Rompuy, at an EU summit. Ms Mogherini, a
centre-left politician, is Italy's foreign minister. She will replace the UK's
Catherine Ashton. Mr Tusk, Poland's
centre-right prime minister, has been Polish leader since 2007. He will chair
EU summits. The full-time appointments mean that the EU's three top jobs are
now filled. Mr Tusk and Ms Mogherini will work closely with the new European
Commission President, Jean-Claude Juncker.On arrival at the summit the European
Parliament President Martin Schulz, a Socialist, spoke warmly of Ms Mogherini,
calling himself a "fan". It was a strong indication that she would be
a popular choice among MEPs. The parliament's approval is required for all 28
members of the new Commission, and the EU foreign policy chief, officially
called the High Representative, is also a vice-president of the Commission. Baroness Ashton, a centre-left UK politician,
has been in the job since 2009. The High Representative runs the EU External
Action Service (EEAS). Italy's
centre-left Prime Minister Matteo Renzi pushed hard for Ms Mogherini to get the
job. However, last month the EU failed to get a consensus on her candidacy, as
the Baltic states and Poland saw her as inexperienced and too soft on Russia.
She has only been Italian foreign minister since February.
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The truth is that Mr. Draghi and many at the ECB are very skeptical on the effects of QE but feel they have to do it as they have no other policy options left now.
To have any effect it would need to be done on a massive scale ( which the Germans wont allow ) while the effect of soaring equity markets and low bond yields on the general population is as small as makes no difference.
Basically the Euro zone is well and truly stuck in the brown stuff. and while a much lower Euro would help the best they could hope for would be less than 10% from here unless international confidence is shattered. That seems unlikely with investors already gaining from QE expectations.
There is no recovery. Ask the people. These economists think they are so clever, when in fact they are the opposite. This is how they actually think : Warren Buffett is worth 20 billion dollars and he lives in a town of 50000 poor people. Economists would say what paupers? The average income for the town is 400,000 dollars. That is how stupid these people are.
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