NEW YORK (MarketWatch)
The European Stability Mechanism won’t succeed if Germany’s highest court rules against it, the chief of the rescue fund told a German news weekly, according to reports published Saturday.
“Without Germany, the ESM doesn’t make any sense,” Klaus Regling, told Der Spiegel in an interview to be published Monday, Britain’s Telegraph and Bloomberg News reported.
If all euro-area nations meet budget consolidation targets and increase their competitiveness, the sovereign debt crisis could end within two years, Regling also told the magazine
The European Financial Stability Facility has succeeded in preventing the worst possible scenarios of the debt crisis, now in its third year, Regling said of the EFSF, scheduled to be replaced by the permanent ESM
The launch of ESM is dependent upon a ruling due Sept. 12 from Germany’s constitutional court
“If it weren’t for us, Portugal and Ireland would probably no longer be in the euro zone,” Regling told Der Spiegel
Formación Académica y Profesional
Licenciado Matemáticas (Especialidad Fundamentales) por UCM, MBA Executive, MBA Financial Markets, Project Management Excellence Certified
Financial Markets Services Consulting, IT CIO ACO Grupo Santander, IBM Global Services Principal, Electronic Data System Client Ececutive
Licenciado Matemáticas (Especialidad Fundamentales) por UCM, MBA Executive, MBA Financial Markets, Project Management Excellence Certified
Financial Markets Services Consulting, IT CIO ACO Grupo Santander, IBM Global Services Principal, Electronic Data System Client Ececutive

Welcome
The mathematician of the Complutense University of Madrid, José-Vidal Ruiz Varela, argues that Europe must raise its borrowing limit, leaving its deflationary policy. Meanwhile, USA must correct debt and raise the interest rates. Raising the interest rates in the USA and dropping them in Europe, recovers the European domestic demand and EE.UU may return to invest in Europe, with a stronger dollar, without any problem, generating hundreds of thousands of Jobs

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