Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Display:
I think he is saying the Union cannot intervene.

Otherwise he is saying that the Eurozone members and/or the ECB can.

As for Quatremer, see his question.

by afew (afew(a in a circle)eurotrib_dot_com) on Fri Feb 12th, 2010 at 02:52:31 PM EST
[ Parent ]
Quels types de mesures peuvent être prises ? Des achats de dette grecque par chaque Etat ou par la BCE sur le marché secondaire ?

Okay, so Juncker totally obviates the role the ECB could play in his reply though the question mentions it explicitly. Which is fair, he can't speak for Trichet, the ECB being independent and all.

But the ECB is an institution of the Union,  the one "responsible for monetary policy".

En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma

by Migeru (migeru at eurotrib dot com) on Fri Feb 12th, 2010 at 02:59:26 PM EST
[ Parent ]
This concerns the Eurozone, and the Euro, for which the ECB has particular responsibilty (as does Juncker).

Otherwise, what can the Union do, with its piffling budget?

by afew (afew(a in a circle)eurotrib_dot_com) on Fri Feb 12th, 2010 at 03:08:48 PM EST
[ Parent ]
Juncker: "on ne laissera pas tomber la Grèce" - Coulisses de Bruxelles, UE
Quels types de mesures peuvent être prises ? Des achats de dette grecque par chaque Etat ou par la BCE sur le marché secondaire ?What type of measure can be taken? Purchases of Greek debt by each member state or by the ECB on the secondary market?
by afew (afew(a in a circle)eurotrib_dot_com) on Fri Feb 12th, 2010 at 03:02:43 PM EST
[ Parent ]
Juncker doesn't mention the ECB in his answer unless under "the Union", and if you interpret "the Union" to include the ECB, his answer is wrong on the letter of the Treaties.

En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma
by Migeru (migeru at eurotrib dot com) on Fri Feb 12th, 2010 at 03:05:46 PM EST
[ Parent ]

Display:

Occasional Series