{"id":3974,"date":"2015-07-04T17:15:28","date_gmt":"2015-07-04T16:15:28","guid":{"rendered":"http:\/\/www.palmerini.net\/blog\/?p=3974"},"modified":"2015-07-04T17:41:23","modified_gmt":"2015-07-04T16:41:23","slug":"greece-can-refinance-from-bce-at-015-interest-rate-paragraph-2-art-123-eu-treaty-please-spread-it","status":"publish","type":"post","link":"https:\/\/palmerini.net\/blog\/greece-can-refinance-from-bce-at-015-interest-rate-paragraph-2-art-123-eu-treaty-please-spread-it\/","title":{"rendered":"Greece can refinance from BCE at 0,15% interest rate ( paragraph 2 art. 123 EU treaty): please spread it"},"content":{"rendered":"<p>Greece can refinance from BCE at 0,15% interest rate ( paragraph 2 art. 123 EU treaty): please spread it<\/p>\n<p>Each month European Central Bank (ECB) supply the private banks system with 60 Billion (Milliard) Euros at 0,15% interest rate.<\/p>\n<p>By the treaty ECB can also lend billions (milliards) of euros to banks owned by an European States (and Greece) and MUST grant the same condition given to private credit institution.<\/p>\n<p>The Greek Government, using a publicly owned bank, has the right to obtain a loan of billions Euros from the ECB at a 0,15% interest rate.<\/p>\n<p>This legal right is guaranteed by paragraph 2 of art. 123 of the Treaty on the Functioning of the European Union:<\/p>\n<p>&#8220;&#8230; publicly owned credit institutions &#8230;, in the context of the supply of reserves by central banks, shall be given the same treatment<br \/>\nby national central banks and the European Central Bank as private credit institutions.&#8221;<\/p>\n<p>The full text of the treaty can be found here:<br \/>\n<a href=\"http:\/\/eur-lex.europa.eu\/legal-content\/EN\/TXT\/?uri=CELEX:12012E\/TXT\">http:\/\/eur-lex.europa.eu\/legal-content\/EN\/TXT\/?uri=CELEX:12012E\/TXT<\/a><\/p>\n<p>In other words, Greece Government can do the following:<br \/>\n&#8211; Create a publicly owned bank or use one already existing<br \/>\n&#8211; Provide this bank with public goods (like public enterprise, territory, facility etc) to guarantee the loans asked to the ECB.<br \/>\n&#8211; Have this bank participating at the auctions of the ECB<br \/>\n&#8211; Obtain from the ECB billions ( or milliard ) of Euros at 0,15% interest rate.<br \/>\n&#8211; Refinance the economy and development projects using the public bank, refinance debts of Greece at a lower interes escaping from defaults.<\/p>\n<p>The European Union treaty grant this possibilities from 1993, but not a single government is doing that: WHY ?<\/p>\n<p>For example, why Italy actually rent money from PRIVATE BANKS paying 3% or more of interest instead of loaning money from the European Central Bank at 0,15%?<\/p>\n<p>Evidently the European Union and European Governments is controlled by bankers, You must know that European Central Bank are legally not<br \/>\nresponsible for violation of treaty.<\/p>\n<p>So, please write to Greek government to be the first to loan money from ECB at 0,15% by the mean of a public bank, escaping from the usury that already has reduced many greeks to suicide.<\/p>\n<p>Please see this video (in italian) that explain how EuroSystem is financing private bank in damage of nations, so that Public DEBT of Italy is illegal<\/p>\n<p><a href=\"http:\/\/www.palmerini.net\/blog\/presentata-denuncia-mezzo-debito-pubblico-e-stato-rubato\/\">http:\/\/www.palmerini.net\/blog\/presentata-denuncia-mezzo-debito-pubblico-e-stato-rubato\/<\/a><br \/>\n<img loading=\"lazy\" decoding=\"async\" class=\" size-medium wp-image-3976 aligncenter\" src=\"http:\/\/www.palmerini.net\/blog\/wp-content\/uploads\/2015\/07\/hellas-referendum-300x204.jpg\" alt=\"hellas-referendum\" width=\"300\" height=\"204\" srcset=\"https:\/\/palmerini.net\/blog\/wp-content\/uploads\/2015\/07\/hellas-referendum-300x204.jpg 300w, https:\/\/palmerini.net\/blog\/wp-content\/uploads\/2015\/07\/hellas-referendum-200x136.jpg 200w, https:\/\/palmerini.net\/blog\/wp-content\/uploads\/2015\/07\/hellas-referendum-140x94.jpg 140w, https:\/\/palmerini.net\/blog\/wp-content\/uploads\/2015\/07\/hellas-referendum-50x34.jpg 50w, https:\/\/palmerini.net\/blog\/wp-content\/uploads\/2015\/07\/hellas-referendum.jpg 521w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/p>\n<p>Loris Palmerini<br \/>\nwww.palmerini.net<br \/>\nMob (+39) 347 1416187<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Greece can refinance from BCE at 0,15% interest rate ( paragraph 2 art. 123 EU treaty): please spread it Each month European Central Bank (ECB) supply the private banks system with 60 Billion (Milliard) Euros at 0,15% interest rate. By the treaty ECB can also lend billions (milliards) of euros to banks owned by an [&hellip;]<\/p>\n","protected":false},"author":293,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[8,136,15,6],"tags":[],"class_list":["post-3974","post","type-post","status-publish","format-standard","hentry","category-economia","category-fincred","category-giustizia","category-politica","has-post-title","has-post-date","has-post-category","has-post-tag","has-post-comment","has-post-author",""],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"builder_content":"","_links":{"self":[{"href":"https:\/\/palmerini.net\/blog\/wp-json\/wp\/v2\/posts\/3974","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/palmerini.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/palmerini.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/palmerini.net\/blog\/wp-json\/wp\/v2\/users\/293"}],"replies":[{"embeddable":true,"href":"https:\/\/palmerini.net\/blog\/wp-json\/wp\/v2\/comments?post=3974"}],"version-history":[{"count":0,"href":"https:\/\/palmerini.net\/blog\/wp-json\/wp\/v2\/posts\/3974\/revisions"}],"wp:attachment":[{"href":"https:\/\/palmerini.net\/blog\/wp-json\/wp\/v2\/media?parent=3974"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/palmerini.net\/blog\/wp-json\/wp\/v2\/categories?post=3974"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/palmerini.net\/blog\/wp-json\/wp\/v2\/tags?post=3974"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}