Tuesday, August 23, 2011

Why the Bundesbank opposed bond purchases | Money Supply | News, data and opinions on market-moving economics from the Financial Times – FT.com

Why the Bundesbank opposed bond purchases | Money Supply | News, data and opinions on market-moving economics from the Financial Times – FT.com


Bundesbank: interest payments as a share of gross domestic product had fallen significantly for both Spain and Italy since Europe’s monetary union was launched at the beginning of the 1990s.

http://www.globalpost.com/dispatch/news/regions/africa/110823/finding-gaddafis-billions

http://www.globalpost.com/dispatch/news/regions/africa/110823/finding-gaddafis-billions

Daniel Serwer, a senior fellow at the Johns Hopkins University School of Advanced International Studies and a scholar at the Middle East Institute, said Libya's new Transitional National Council could have a "very difficult" time regaining state assets.

"I can guarantee you right now someone is trying to privatize whatever assets are sitting in Libya's central bank, privatizing land, offices, and stealing computers. This is what goes on," Serwer said during a conference call Monday afternoon, hosted by the Council on Foreign Relations.