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See It? Say It? Do Something About It? | 40 comments (40 topical, editorial, 0 hidden)
Re: See It? Say It? Do Something About It? (none / 0)
found in Handelsblatt:

Für Frankreichs Zentralbankchef Christian Noyer steht das Land am Scheideweg zwischen einem neuen Aufschwung und ,,Niedergang". Er drängt auf Reformen und fordert das Einhalten des Sparkurses.

Translation: The Head of the French Central Bank demands that France implements Reforms and strictly adheres to Austerity.

Maybe one should ask him if the ECB will strictly adhere to the 2% Inflation mandate.

by rz on Tue Oct 7th, 2014 at 05:14:57 AM EST
Re: See It? Say It? Do Something About It? (none / 0)
If Hollande had any guts he would immediate replace this clown, with somebody who intends to do his job and keep the inflation mandate of the ECB.
by rz on Tue Oct 7th, 2014 at 05:16:41 AM EST
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Re: See It? Say It? Do Something About It? (none / 1)
But Hollande agrees with him.
by afew (afew(a in a circle)eurotrib_dot_com) on Tue Oct 7th, 2014 at 05:58:45 AM EST
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Re: See It? Say It? Do Something About It? (none / 0)
He can't. All central bank presidents run on fixed terms, that is the rule.
by IM on Tue Oct 7th, 2014 at 09:59:59 AM EST
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Re: See It? Say It? Do Something About It? (none / 0)
Thanks for the info. I was looking on Wikpedia, who appoints the Head of the French Central Bank but could not find much information about this process.

It is interesting that Axel Weber, the probably worst head of the Bundesbank ever, suddenly stepped down in 2011, one year before the official end of his term.

by rz on Tue Oct 7th, 2014 at 10:16:38 AM EST
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Re: See It? Say It? Do Something About It? (none / 0)
Noyer keeps up a constant barrage of lies about this. "If we don't do reforms, French growth will remain under 1% and unemployment over 10%".
by afew (afew(a in a circle)eurotrib_dot_com) on Tue Oct 7th, 2014 at 05:58:20 AM EST
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Re: See It? Say It? Do Something About It? (none / 0)
well, depending on the monetary situation and global demand he might actually be right.

But with austerity and reform France can become a total basket case, with unemployment at 20% and contraction instead of any growth at all.

by rz on Tue Oct 7th, 2014 at 06:08:45 AM EST
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See It? Say It? Do Something About It? | 40 comments (40 topical, 0 editorial, 0 hidden)
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