Advertisements
Feeds:
Posts
Comments

Archive for the ‘Jean-Claude Trichet’ Category

Mon Aug 15, 2011 12:38pm EDT

The European Central Bank
spent a record 22 billion euros on government debt last week,
reactivating its controversial bond-buying plan to try to halt
the spread of the euro zone debt crisis to Spain and Italy.

The amount bought, reported by the ECB on Monday, was the most the central bank has spent in any week since it began the programme in May last year, surpassing the 16.5 billion euros spent in the first week, when it targeted Greek bonds. Victoria Cadman, an economist at Investec, said the ECB would need to be active in the bond market for a few weeks yet. “The ECB is doing quite a lot to pop up Italy and Spain and help to push down their yields. The number is relatively big, but it is not enormous,” she said. The ECB reactivated the programme after leaving it dormant for 19 weeks, and despite opposition from a four-man group on its policymaking Governing Council, led by Germans Jens Weidmann and Juergen Stark. The four dissenters were concerned about the ECB moving into the fiscal policy arena but the majority on the Governing Council felt obliged to act as euro zone governments had failed to come up with adequate plans to stem the spread of the crisis. The dissenters’ resistance was echoed by former ECB chief economist Otmar Issing, who told German television station ZDF: “This cannot be the task of a central bank. If it gets involved in political business, that endangers its independence.” The central bank began buying bonds again directly after a Governing Council meeting on Aug. 4, ECB President Jean-Claude Trichet said, with traders saying it had been in the market for Irish and Portuguese bonds. However, as the purchases take 2-3 days to settle, those transactions, as well as those made at the start of last week show up in the data published this Monday. Last week, the ECB said it would “actively implement” the bond-buying programme to fight the debt crisis, signalling it would buy Spanish and Italian government bonds to halt financial market contagion. French President Nicolas Sarkozy and German Chancellor Angela Merkel will discuss on Tuesday how to make the euro zone work more effectively amid persistent doubts in financial markets over Europe’s ability to solve its debt crisis. One of Germany’s leading economic associations came out in favour of joint euro zone bond issuance on Monday, raising pressure on Merkel to consider bolder crisis steps ahead. The ECB also said no bonds held under the programme matured last week. Thus, when rounded to the nearest half billion, the overall value of the purchases — albeit not marked to market — rose to 96 billion euros ($135.2 billion). (For full details click ) The ECB and the 17 euro zone national central banks can buy government and corporate bonds from banks and other investors under the programme, but not directly from governments. As usual, the ECB will take one-week deposits from commercial banks on Tuesday to neutralise the monetary impact of the purchases and the inflationary pressure they create. The ECB does not break down its bond purchases. However, bond market traders and analysts say, until last week, buying had been limited to Greek, Irish and Portuguese bonds and estimate that it holds around 45 billion euros of Greek debt.

Date    Bonds bought  Bonds matured

14/05/2010      16.5   

21/05/2010      10    

28/05/2010      8.5   

04/06/2010      5.5   

11/06/2010      6.5   

18/06/2010      4.2   

25/06/2010      4     

02/07/2010      4     

09/07/2010      1     

16/07/2010      0.302 

23/07/2010      0.176 

30/07/2010      0.081 

06/08/2010      0.009 

13/08/2010      0.01  

20/08/2010      0.338 

27/08/2010      0.142 

03/09/2010      0.173 

10/09/2010      0.237 

17/09/2010      0.323 

24/09/2010      0.134 

01/10/2010      1.384 

08/10/2010      0.009 

15/10/2010      0     

22/10/2010      0     

29/10/2010      0     

05/11/2010      0.771 

12/11/2010      1.073 

19/11/2010      0.713 

26/11/2010      1.348 

03/12/2010      1.965 

10/12/2010      2.667 

17/12/2010      0.603 

 24/12/2010      1.121 

31/12/2010      0.164 

07/01/2011      0.113 

14/01/2011      2.313 

21/01/2011      0.146           0.087

28/01/2011      0

04/02/2011      0

11/02/2011      0

18/02/2011      0.711           0.040

25/02/2011      0.369

04/03/2011      0

11/03/2011      0

18/03/2011      0               0.170

25/03/2011      0.432           1.054

01/04/2011      0

08/04/2011      0               0.055

15/04/2011      0               0.830

22/04/2011      0

29/04/2011      0

06/05/2011      0

13/05/2011      0

20/05/2011      0               1.227

27/05/2011      0              

03/06/2011      0

10/06/2011      0

17/06/2011      0               1.008

24/06/2011      0

01/07/2011      0

08/07/2011      0

15/07/2011      0

22/07/2011      0               0.245

29/07/2011      0

05/08/2011      0

12/08/2011      22.0 Total           96.0

($1=.7099 Euro) 

from: http://www.reuters.com/article/2011/08/15/ecb-bonds-idUSLDE77E0K720110815

————————————————————–

Jean-Claude Trichet was born on December 20th, 1942 according to http://en.wikipedia.org/wiki/Jean-Claude_Trichet

December 20th, 1942

12 + 20 +1+9+4+2 = 48 = his life lesson = what he is here to learn = Fulfilling his mission in life. Doing what he was born to do.

—————————————————————————————–

December 20th, 1942

December 20th

12 + 20 +2+0+1+1 = 36 = his personal year (from December 20th, 2011 to December 19th, 2012) = Managing.  Debt.  Creditworthiness.  Default.  Feeling like the weight of the world is on his shoulders.

36 year + 12 (December) = 48 = his personal month (from December 20th, 2011 to January 19th, 2012) = Fulfilling his mission in life. Doing what he was born to do.

[When his number (48 (12 + 20 +1+9+4+2 = 48 = his life lesson number)) comes up, that’s when he gets to live/experience what he is here to live/experience. So this will be HIS month!!!]  

—————————————————————————————–

—————————————————————————————–

—————————————————————————————–

find out your own numerology at:

http://www.learnthenumbers.com/

Advertisements

Read Full Post »