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2020-07-20 Home Front: Politix

[GeorgeSoros.con] In an interview, published today, George Soros has set out how the European Union (EU) can maintain its AAA rating and finance its COVID-19 recovery package.

Through supporting ’perpetual bonds’ — or ’Consols’, as they are known in the UK and US — Mr Soros believes the EU can address the dual crises of COVID and climate change, which currently threaten the bloc.

Golly.

He argues that ’Consols’ present a credible alternative to raising the EU budget and would provide relief funds that could be targeted at member states hardest hit by the health pandemic, such as Italy and Spain.

He argues that the authorization process for the issuing of bonds — which would run on an indefinite term, and only require the servicing of interest — could be completed in a matter of weeks, and in time for the May 27th European Summit to accept them as a desirable alternative. He urges the Dutch people, and the wider Hanseatic countries, to give this proposal consideration as a means of averting an increase in their European budget contributions.

How long will the damage of the coronavirus last on the eurozone economy?

Longer than most people think. One of the problems is that the virus itself is rapidly evolving and changing the way it attacks human organs. This will make it much harder to develop a reliable vaccine.

Posted by Besoeker 2020-07-20 00:00|| || Front Page|| [11132 views ] Top

#1 He wants to run the one world communism.
green nude eel and covid is where no one works and the government fails too and he takes over with his fake uber communism if EU will pay him more marx now so he can hedge against true economies.

What a piece of shit.

Posted by newc 2020-07-20 00:37|| 2020-07-20 00:37|| Front Page Top

#2 which would run on an indefinite term, and only require the servicing of interest

What's the vig?

Posted by Skidmark 2020-07-20 06:08|| 2020-07-20 06:08|| Front Page Top

#3 Utter filth.

Posted by Clem 2020-07-20 07:16|| 2020-07-20 07:16|| Front Page Top

#4 I wonder if the interest rates are allowed to vary. Every now and then I hear talk of negative interest rates...

Posted by James 2020-07-20 13:04|| https://idontknowbut.blogspot.com 2020-07-20 13:04|| Front Page Top

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