Tuesday, May 01, 2012

MORE MONEY FOR EU INVESTMENT BANK

 WELL WE SEE ON THE ANNIVERSARY OF OSAMA BIN LADENS DEARTH,OBAMA SAYS HE WILL NOT CELEBRATE IT.WELL HERES PERFECT PROOF THAT BIN LADEN DIED IN 2002 OF KIDNEY DISEASE AND OBAMA THEN BROUGHT HIM OUT OF THE FREEZER LAST YEAR TO CLAIM HE KILLED HIM TO DECIEVE THE CITIZENS TO VOTE FOR HIM IN THIS YEARS ELECTIONS.ANY OTHER LEADER WOULD ON THE DAY THEY KILLED THE MURDERER OF OVER 3,000 AMERICANS IN THE WORST MASS MURDER IN HISTORY CELBRATE THE VICTORY OVER RADICAL ISLAM.

EARTH DESTROYED WITH THE EARTH(BECAUSE OF SIN AND GODLESS PEOPLE)

GENESIS 6:11-13
11 The earth also was corrupt before God, and the earth was filled with violence.(WORLD TERRORISM,MURDERS)(HAMAS IN HEBREW IS VIOLENCE)
12 And God looked upon the earth, and, behold, it was corrupt; for all flesh had corrupted his way upon the earth.
13 And God said unto Noah, The end of all flesh is come before me; for the earth is filled with violence (TERRORISM)(HAMAS) through them; and, behold, I will destroy them with the earth.

HOSEA 4:1-3
1 Hear the word of the LORD, ye children of Israel: for the LORD hath a controversy with the inhabitants of the land, because there is no truth, nor mercy, nor knowledge of God in the land.
2 By swearing, and lying, and killing, and stealing, and committing adultery, they break out, and blood toucheth blood.
3 Therefore shall the land mourn, and every one that dwelleth therein shall languish, with the beasts of the field, and with the fowls of heaven; yea, the fishes of the sea also shall be taken away.

Nyamuragira volcano (DR Congo): new lava lake forming in summit crater?

April 28, 2012AFRICA - Nyamuragira volcano in the DR Congo might be forming a new lava lake in its summit caldera.  The volcano’s last eruption from the Kimanura fissure NE of the summit caldera seems to have ended by now. Until early to mid March, a lava lake was observed in the eastern vent and a strong heat source could be detected on satellite imagery, but has now disappeared.  Seismic explosion signals from a source under the summit were noted on 24 February from the summit crater and overflights showed increased degassing from the central pit, which contained a lava lake until 1940. This activity increased in April and a strong SO2 odor from this area suggests the presence of near-surface magma. Scientists and the park rangers are speculating about the possibility that a new lava lake in the summit crater might be about to form. –Volcano Discovery 
 Juncker backs German finance minister for eurozone post Today @ 09:30 MAY 1,20012
  1. By Valentina Pop
  2. Valentina email
  3. Valentina Twitter
BRUSSELS - Eurogroup chief Jean-Claude Juncker has said he fully supports German finance minister Wolfgang Schauble to become his successor when his mandate runs out at the end of May.According to the Luxembourg Prime Minister - who has chaired meetings of eurozone finance ministers ever since the eurogroup was formalised in 2004 - his successor should be someone who can listen to others and has a deep knowledge of the eurozone issues.In this respect, he would be the perfect match, Juncker said about Schauble on Monday (30 April) during a debate in Hamburg organised by Der Spiegel magazine.
The 69-year old Christian-Democrat is a close ally of Chancellor Angela Merkel and a strong advocate of budgetary discipline in southern countries.Some diplomats have expressed concerns his appointment would be too strong a signal that Germany is running the single currency. But others say there is no better way to turn a hawk into a moderate than by putting him at the helm of the ministers' group, where he has to mediate among 17 different positions.If Schauble gets the job, Germany would need to give up its chairmanship of the eurozone bail-out funds, however.Currently the temporary European Financial Stability Facility is being chaired by Klaus Regling, a former head of the European Commission's financial affairs directorate.
The German economist had hoped to stay on as head of the permanent bail-out fund, the European Stability Mechanism, when it enters life on 1 July, as most of the EFSF staff will be taken over by the ESM. But with Schauble at the Eurogroup, Spain and France would claim the EFSF/ESM chairmanship for them.
Meanwhile, Finance ministers from all 27 member states meeting on Wednesday (2 May) are to try and agree on a single EU candidate for the London-based European Bank for Reconstruction and Development, as French, British and Polish candidates float around to succeed Thomas Mirow - a German who wants to stay on but has no backing from Berlin.EU aspirant Serbia has also put forward a candidate for the pan-European bank.

 More money for EU investment bank as leaders re-focus on growth
30.04.12 @ 21:08
  1. By Valentina Pop
  2. Valentina email
  3. Valentina Twitter
BRUSSELS - German Chancellor Angela Merkel is backing calls by the EU commission to boost the funds of the European Investment Bank (EIB), a move meant to show that leaders are putting their money where their mouth is in terms of growth.As leaders are increasingly shifting their focus from austerity to growth-boosting measures, older plans tabled by the EU commission in the past few years are being revived.
Boosting the lending capacity of the Luxembourg-based EIB is one of those ideas.Merkel over the weekend told Leipziger Volkszeitung she can imagine that we further strengthen the capabilities of the European Investment Bank,without going into any details.The EIB move could be an anticipatory concession towards Francois Hollande, the front-runner in this weekend's second round of the French presidential elections.
Berlin has refused to consider Hollande's demand to renegotiate its fiscal compact treaty, signed recently by 25 member states.Merkel's spokesman Steffen Seibert on Monday explained that the German government is willing to support an increase in EIB's capital, currently at €72 billion.We are talking about raising fresh capital for the EIB, Seibert told Dow Jones Newswires.That is a direction that we think is worth pursuing. Now it’s up to finance ministers to work out the details, he said.Spanish newspaper El Pais on Sunday quoted unnamed officials saying one option on the table would be to reallocate some €12 billion in unused funds from the EU commission's bail-out facility (EFSM) that was cobbled together before the eurozone's own bail-out funds were established.

But an EU official told this website there are legal problems with this option, with finance ministers mid-May rather set to look at other solutions.A spokeswoman for the EU commission on Monday sought to play down the highly speculative figures mentioned in El Pais - the alleged creation of a €200 billion investment fund comprising the ECB boost, structural funds and eurobonds.Pia Ahrenkilde-Hansen did stress, however, that the commission last year had tabled several proposals on how to better make use of the money available and how to increase the EIB firepower. We are not talking about an alternative to fiscal consolidation. The issue is not either fiscal consolidation or growth, we need both, she said.The chorus of warning voices over the negative effects of austerity was strengthened last week by Nobel-prize winning economist Joseph Stiglitz.There has never been any successful austerity program in any large country. The European approach definitely is the least promising. I think Europe is headed to a suicide, Stiglitz told a conference in Vienna.
If Greece was the only part of Europe that was having austerity, authorities could ignore it, Stiglitz said, but not if big countries like the UK and France are also in recession. He warned that the German-led austerity approach is making things worse in Spain, where unemployment is nearing 25 percent.What you are doing is destroying the human capital, you are creating alienated young people, the economist warned. As a solution, he mentioned fully utilising institutions such as the EIB.

ALLTIME