A top European Central Bank policymaker has called for “quantitative easing” to be used to boost the eurozone economy if deflation risks emerge across the 17-country region.
The comments by Lorenzo Bini Smaghi, ECB executive board member, are the strongest indication yet that the central bank would expand its policy tools to prevent a possible disastrous economic slump in continental Europe.
Britain’s veto of a pact aimed at saving the euro cast London to the margins of the European Union on Friday, as the bloc’s other members vowed to press on with closer economic and fiscal integration.
The refusal by David Cameron, UK prime minister, caused consternation at a stormy two-day summit, leaving the EU deeply divided. It forced the eurozone’s 17 members, led by Germany and France, to opt instead for an intergovernmental deal that will have to be negotiated outside the EU legal framework.
Angela Merkel, Germany’s chancellor, insisted that the agreement still marked a “breakthrough to a stability union” that would open the way for full fiscal union in the eurozone. At least six EU members outside the currency bloc will also participate in the agreement.
By agreeing on much closer fiscal integration with strict rules and semi-automatic sanctions to enforce budget discipline, Ms Merkel said the confidence of the financial markets would be restored.
The deal was immediately welcomed by Mario Draghi, president of the European Central Bank, who said the treaty, to be drafted by March, would be “the basis for a good fiscal compact and more discipline in economic policy in the euro area members”...........
Detectives from the Silver Spring Investigative Section are investigating a mass theft incident that occurred at a 7-Eleven store in Silver Spring.
On November 19, 2011 at approximately 11:23 p.m., Silver Spring officers responded to the 7-Eleven store located at 12257 Tech Road for the report of a mass theft. Preliminary investigation revealed that approximately 78teens and young adults simultaneously entered the 7-Eleven and stole items, to include snacks and drinks.
The police department is releasing video of this mass theft and asking for the public's assistance in identifying the individuals involved in this incident. Police are asking anyone who recognizes any of the individuals in this video to contact the 3rd District Investigative Section at 301-565-5835. Callers may remain anonymous.
これらの窃盗行為のほとんどにアフリカ系米国人のティーンエイジャーが含まれていることから、保守的な人々の中には、アフリカ系による反乱の脅威を表すものと見る意見もある。8月には『Christian Science Monitor』が、右派の人々が抱く恐怖に関する記事で、「Flash Robs’: Are They The Race Riots of the Internet Age?」（フラッシュ・ロブ：ネット時代の人種暴動か？）と問いかけている。