... of coalition talks and conflict between the president and parliament, will present an ultimatum to Brussels. The ultimatum is expected to include the following points: 1) The cancellation of Italy’s €250-billion debt to the European Central Bank (ECB); 2) The abolition of the financial and budgetary restrictions established by the 1992 Treaty of Maastricht, which Italy and several other EU countries have been ignoring for years. These restrictions include setting the maximum allowable budget deficit,...
Search: ECB (2 materials)
... its debt load to be unsustainable, the economy of the Eurozone as a whole will suffer significant damage due to speculation concerning the possibility that the affected state may leave the Eurozone. It should be noted that the European Central Bank (ECB), the only lender of last resort for the Eurozone members, played a key role in preventing Greece from defaulting. However, the author argues that the ECB should have a much stronger mandate, which is further proved by the financial regulator’s ...
Korean Peninsula Crisis Has no Military Solution. How Can It Be Solved?
Demilitarization of the region based on Russia-China "Dual Freeze" proposal 36 (35%) Restoring multilateral negotiation process without any preliminary conditions 27 (26%) While the situation benefits Kim Jong-un's and Trump's domestic agenda, there will be no solution 22 (21%) Armed conflict still cannot be avoided 12 (12%) Stonger deterrence on behalf of the U.S. through modernization of military infrastructure in the region 4 (4%) Toughening economic sanctions against North Korea 2 (2%)