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Eye on the Market, July 25, 2011
Hamiltonian Advisors sent me a recent paper from the Centrum fur Europaische Politik in Freiburg, which provides some clues. They see
ain & Portugal 16% 105. 14% 100 17% i 10% od B% 85 G% Germany ad Ao, a aa 2007 2008 2009 2010 2011 0% aa ae ; Source: INE, CSO, ISTAT, NSS, Eurostat, Bundesbank, J.P. Morgan Ve7O gf TOG 188 TO 1D ZO aT Securities LLC, J.P. Morgan Private Bank. Periphery =Portugal, Ireland, lialy, Source: J.P. Morgan Private B
Page: HOUSE_OVERSIGHT_025218 →Microsoft Word - 07-25-11 - EOTM - White Castle.docx
me to fail. Industrial production Index, 100 = January 2007 110 105 100 95 90 85 80 15 2007 2009 2010 2011 Source: INE, CSO, ISTAT, NSS, Eurostat, Bundesbank, J.P. Morgan Securities LLC, J.P. Morgan Private Bank. Periphery = Portugal, Ireland, Italy, Greece, Spain. 2008 * The current EFSF lending capacit
Page: HOUSE_OVERSIGHT_025223 →ing to see analyses of how costly a permanent transfer union may be for Germany. Bernard Connolly at Hamiltonian Advisors sent me a recent paper from the Centrum fur Europaische Politik’ in Freiburg, which provides some clues. They see three alternatives for the deficit countries: ¢ massive reduction in regulations and unit labor cos
Page: HOUSE_OVERSIGHT_025224 →Eye on the Market, July 25, 2011
Hamiltonian Advisors sent me a recent paper from the Centrum fur Europaische Politik in Freiburg, which provides some clues. They see
or parties are unflinching supporters of the European project, and will do whatever it takes to prevent a break-up. The objections from members of he Bundesbank are described as lonely voices of opposition that carry no weight [a]. But how large are the costs goin‹ to be? German politicians and voters may see
Page: HOUSE_OVERSIGHT_031162 →Entities connected to both Bundesbank and the Centrum fur Europaische Politik’

JPMorgan Chase
ORGANIZATIONMichael Cembalest
PERSONthe European Monetary Union
ORGANIZATION
Barack Obama
PERSONJ.P. Morgan Securities LLC
ORGANIZATION
Ronald Reagan
PERSON
Belgium
LOCATION
the Institute of International Finance
ORGANIZATION
the Heritage Foundation
ORGANIZATIONThe Peterson Foundation
ORGANIZATION
Bernard Connolly
PERSON
Harry Reid
PERSON
Mitch McConnell
PERSON
Office of Management and Budget
ORGANIZATION
Empirical Research Partners
ORGANIZATION
Moody’s
ORGANIZATION
Eurostat
ORGANIZATION
White Castle
ORGANIZATIONthe Gang of Six
ORGANIZATIONthe Monetary Union
ORGANIZATION