Under the deal, if the board of the ECB decides to reject a decision by the new supervisor, the parliament chief and the head of the relevant parliamentary committee will have to be informed in confidence.
The head of the bank supervisor will be appointed by member states and the European Parliament and they will both have the power to recall that person from the job.http://euobserver.com/economic/121382
MustRead this article it is excellent courtesy of EuroNews and one of their blogger’s! Really to me highlights the way that America has proliferated war for profit and their economy!
Small Extract: SDA’s abhorrence of non-conventional weapons may be selective. A report that it has published on “cyber-security” relied considerably on the “wisdom” dispensed by Yitzhak Ben-Israel, a former head of research with the Israeli military. The report did not mention that Ben-Israel has indicated that he provided advice on how that military could use a hideous weapon called DIME (Dense Inert Metal Explosive).http://blogs.euobserver.com/cronin/2013/09/17/serving-americas-war-machine/
Jason Linkins wrote a new post Ted Cruz vs. The Universe
As noted in the October 19, 2009, Statement Regarding Reverse Repurchase Agreements, the Open Market Trading Desk (the Desk) at the Federal Reserve Bank of New York (New York Fed) has been working internally and with market participants on operational aspects of tri-party reverse repurchase agreements (RRPs) to ensure that this tool will be ready to support the monetary policy objectives of the Federal Open Market Committee (Committee). RRPs are a tool that can be used for managing money market interest rates, and are expected to provide the Federal Reserve with greater control over short-term rates.