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The fall n fall of Madame Chamois leather face


spygirl

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I did post a thread titled - "The rise n fall of Madame Chamois leather Face"

Google finds it but not the correct location.

Christine Lagarde rejects calls for ECB to act faster on inflation

Central bank president forecasts price growth pressures in eurozone will ease this year

https://www.ft.com/content/8e2036b9-c02e-45e8-87d8-c9d3362415f1

 

Baked in blows up of ECB/EU now - unless shes booted out PDQ and a German hawk is put in.

 

The IMF's 'biggest debt bailout' evah! is due this March - 

https://www.reuters.com/markets/us/argentinas-strategy-toward-imf-deal-hits-wall-doubt-2022-01-10/

French elections in April.

 

Was all soo rosy n good in 2018.

What could go wrong???

 

https://www.imf.org/en/News/Articles/2018/06/13/pr18234-argentina-imf-welcomes-argentina-governments-economic-policy-plans

IMF Managing Director Christine Lagarde Welcomes Argentina Government’s Economic Policy Plans

June 13, 2018

Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), issued the following statement today on the Argentina government’s Letter of Intent and Memorandum of Economic Policies requesting a US$50 billion Stand-by Arrangement with the IMF:

“President Macri’s government today provided us with the details of their economic plan and their formal request for IMF support for this strong and ambitious effort through its Letter of Intent and Memorandum of Economic Policies. The authorities intend to publish these documents shortly.

“As I have said before, the policy plan underpinning the IMF’s financial assistance is owned and designed by the Argentine government, one aimed at strengthening the economy for the benefit of all Argentines.

“The economic targets are meaningful and there is a full articulation of the underlying policies that will help the government achieve its goals. It establishes ambitious medium-term fiscal goals for the federal government and establishes realistic inflation targets that will govern the conduct of monetary policy. These clear policy intentions will help bolster market confidence and address a range of long-standing vulnerabilities.

“The plan will also help reinforce Argentina’s institutional framework. For example, it has measures to improve the medium-term budget process and to ensure central bank independence. Importantly, it also discontinues the practice of providing central bank financing of the fiscal deficit, a critical step in the establishment of an independent central bank.

“I particularly welcomed the emphasis placed by President Macri’s economic team on supporting the most vulnerable in society. This is accomplished through concrete commitments to preserve the current level of social spending and increased resources for social assistance programs. There is also a pledge to work with other international agencies, like the World Bank and Inter-American Development Bank, to improve the overall design of Argentina’s social safety net.

“Further, I was heartened to see President Macri’s commitment to improving gender equity in Argentina through changes that correct discrimination in the tax system, steps to provide childcare support for working families, actions to promote equal pay for equal work, and measures to fight gender-based and domestic violence. 

“With the clarity provided by the authorities’ letter, I judge that the negotiation with IMF staff have been completed satisfactorily and that this economic plan creates a solid basis for the US$50 billion Stand-By Arrangement announced last week as a staff-level agreement pending Executive Board approval (Press Release 18/229). The authorities’ have requested that one third of this support be disbursed upon approval of the program and that one-half of that amount (US$7.5 billion) would be made available for budget support.

“With the formal reassurances provided by the Argentine government, today we will issue the Staff Report to the IMF’s Executive Board, who will consider Argentina’s request formally on June 20. We look forward to helping strengthen the Argentine economy through this financing package.”

 

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4 hours ago, HousePriceMania said:

What's wrong with that witch, are there not enough poor people going hungry for her liking ?

I genuinely dont know.

Shes obviously must have a vey thick skin. Rhino like you might say.

She pished for teh Argentinian deal. And thats blown up.

Now the ECB is playing a game of 'When will the frugal walk?'

Theres no come back from EU/ECB is Germany walks.

And theres only so much shit Germans can take - Germans are not set up/hedged for price rises. They rent.

 

 

 

 

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light n dark
8 hours ago, spygirl said:

She's clearly an evil bankster ho.

Which of the FT, Reuters or IMF articles confirms this?

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3 hours ago, light n dark said:

She's clearly an evil bankster ho.

Which of the FT, Reuters or IMF articles confirms this?

Shes a French Pol bag holder.

Lawyer.

Shes trying to soften the ground fir French fuckwittery. It'll fail.

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Underwhelmed
2 hours ago, spygirl said:

Shes a French Pol bag holder.

Lawyer.

Shes trying to soften the ground fir French fuckwittery. It'll fail.

Ms Lagarde would like a word with you...

Image

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Fed’s Jay Powell refuses to rule out string of aggressive rate rises

Hawkish stance from US central bank chair sparks sharp stock market sell-off

https://www.ft.com/content/0f195295-7ff2-4d0c-b5ce-43aa5a4b1223

Massive issue for all central banks.

Probably a matter of life n death for the ECB - Europe just isnt ready for increases.

The Med / South has just sucked up the cash and fone even less reform.

Fucked.

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Dave Bloke
On 21/01/2022 at 22:38, spygirl said:

Shes a French Pol bag holder.

Lawyer.

Shes trying to soften the ground fir French fuckwittery. It'll fail.

Macron kept her out of jail, she's returning the favour prior to the Foney French elections.

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  • 2 months later...
spygirl

German inflation hits 40-year high as ECB president warns of ‘supply shock’

March rate of 7.6% in eurozone’s largest economy comes as Christine Lagarde warns of ‘difficult phase’ for bloc

https://www.ft.com/content/2f2fb7cc-3039-416b-ad22-f42315d0b1d0

5b8d0f60-b031-11ec-a1ec-d3b471ab9d72-sta

...



Meanwhile, annual inflation in Spain soared to 9.8 per cent in March, its highest level since 1985, rising from 7.6 per cent last month and well above expectations, the country’s statistics office said on Wednesday

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  • 3 weeks later...
spygirl

An object lesson in why the Fed sets the price of money and why you cant have lower IRs than the US without much higher IRs.

https://www.bloomberg.com/opinion/articles/2022-04-20/euro-weakness-may-lead-to-a-currency-crisis-if-the-ecb-doesn-t-act-soon

The ECB Must Act Soon to Avoid a Currency Crisis

Dollar strength and euro weakness has increased inflation, made worse by the central bank’s continuing stimulus programs.

 

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HousePriceMania
11 hours ago, spygirl said:

An object lesson in why the Fed sets the price of money and why you cant have lower IRs than the US without much higher IRs.

https://www.bloomberg.com/opinion/articles/2022-04-20/euro-weakness-may-lead-to-a-currency-crisis-if-the-ecb-doesn-t-act-soon

The ECB Must Act Soon 17 years ago to Avoid a Currency Crisis

Dollar strength and euro weakness has increased inflation, made worse by the central bank’s continuing stimulus programs.

 

FTFY

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