Never believe anything until officially denied ! So , Juncker , Von Rompuy and Barroso just were misquoted ! Yeah , right......

http://www.athensnews.gr/portal/10/5524
( I think Germany's FM Schauble went Tall Man on Juncker , von Rompuy and Barroso )

No new Marshall Plan for eurozone

30 Apr 2012

Despite rumours suggesting otherwise, no new Marshall plan is on its way. (file photo) The European Commission on Monday dismissed as unfounded and speculation a report published by Spanish daily newspaper 'El Pais' alleging that the European Commission was examining a massive Marshall plan to boost economic growth in the Eurozone, worth 200 billion euros. An European Union's executive spokeswoman, speaking to reporters here, rejected the report and noted that the Commission has already a plan to boost growth in the EU, the Europe 2020 strategy, which was proposed in 2010 and approved by all member-states and the European Parliament. "Our first priority is supporting growth and employment. This issue is not new to us," the spokeswoman said. She told reporters that the Commission has also proposed a capital strengthening of the European Investment Bank and promoting project euro bonds as a way to raise more capital to attracting investment in the euro area. (AMNA) and..... http://www.telegraph.co.uk/finance/debt-crisis-live/9235645/Debt-crisis-as-it-happened-April-30-2012.html 18.00 So it's 'good' banks versus 'bad' banks today - with Spain considering splitting off the toxic assets of its banks into a separate holding company, some top eurocrats are championing an increase in the budget of the European Investment Bank (EIB). Jean-Claude Juncker, head of the eurogroup of eurozone finance ministers, said a capital increase of €10bn at the EIB could be part of moves to set up a "growth pact" to go with the "fiscal pact" of budget limitations already agreed across the single currency. and speaking of Juncker..... http://www.zerohedge.com/news/europes-most-pathological-liar-departs-questions-about-europes-band-aid-union-reemerge As Europe's Most Pathological Liar Departs, Questions About Europe's Band-Aid Union Reemerge Submitted by Tyler Durden on 04/30/2012 20:28 -0400 Bear Market   European Central Bank   Eurozone Greece   headlines   Russell 2000   Trichet   Wall Street Journal We doubt many tears will be shed over the now official departure of Europe's most embarrassing political figurehead: the head of the Euro-area finance ministers, one Jean-Claude Juncker, whose presence did more documented damage to the credibility of Europe than... well, we would say virtually anyone else, but then again since everyone else in the European pantheon is a shining example of DSM IV-level sociopathology, we are kinda stuck. But anyway: Juncker isfinally gone "he’s tired of Franco-German interference in managing the region’s debt crisis." And while the decision was known for a while, the ultimate catalyst is rather unexpected, and exposes just how frail the entire Eurozone is: “They act as if they are the only members of the group,” Juncker said today at a podium discussion in Hamburg." If this is coming from the man who admittedly lies for a living, we can't imagine just how bad the truth about the internal fissures within the Eurozone must be. Actually, we can. As a reminder, from exactly one year ago: On Friday the misinformation floated about the Greek expulsion event hit a fever pitch: while we correctly speculated that nobody would be expelled from the Eurozone, the amount of conflicting info was at an all time record, with glaring inconsistencies between various quoted authoritarians. Now, courtesy of the WSJ blog, we learn that, for the first time in history, a spokesman for Jean Claude Juncker, the PM of Luxembourg, and the head of the Eurogroup council of eurozone finance ministers,admits openly to having lied to media outlets. "In a phone call and text messages with two reporters for Dow Jones and the Wall Street Journal, Mr. Schuller repeatedly said no meeting would be held. He apparently said they same to other news outlets; at least one more moved his denials on financial newswires. Of course, there was a meeting–although not, apparently, to talk about Greece quitting the currency, which would be an extreme step to say the least. Mr. Juncker even said a few words to reporters who had hustled to Luxembourg to stake out the gathering. So why the lie? “I was told to say there was no meeting,” said Mr. Schuller, reached by telephone Monday. “We had certain necessities to consider.” Necessities? Why yes: such as perpetuating the now open lie that is the ponzi market: "Evening in Europe is midday in the United States. “We had Wall Street open at that point in time,” Mr. Schuller said. The euro was falling on the Spiegel report, which had overhyped the meeting. “There was a very good reason to deny that the meeting was taking place.” It was, he said, “self-preservation.”" And there you have it: the Eurozone itself now admits that it will sacrifice credibility at the expense of a few FX pips and a few basis points in the ES.Everything else is smoke and mirrors. And people think that central bankers will consider the threat of inflation should the Russell 2000 ever retrace back into bear market territory... And it gets even more surreal: Asked whether such deliberate misinformation would undermine the market’s confidence in future euro-zone pronouncements, Mr. Schuller, lamenting that the market had practically no confidence in pronouncements already, said “not at all.” When Mr. Juncker, or European Central Bank President Jean-Claude Trichet, or French Finance Minister Christine Lagarde says something to the markets, Mr. Schuller said, “nobody seems to believe it.” Mr. Juncker has voiced support for the practice of lying before. The Web site EUobserver has video of Mr. Juncker, at a conference on economic governance in April, expounding on the practice and reasons for lying in financial and economic communications. Asked whether such deliberate misinformation would undermine the market’s confidence in future euro-zone pronouncements, Mr. Schuller, lamenting that the market had practically no confidence in pronouncements already, said "not at all.” When Mr. Juncker, or European Central Bank President Jean-Claude Trichet, or French Finance Minister Christine Lagarde says something to the markets, Mr. Schuller said, “nobody seems to believe it.” Mr. Juncker has voiced support for the practice of lying before. The Web site EUobserver has video of Mr. Juncker, at a conference on economic governance in April, expounding on the practice and reasons for lying in financial and economic communications. On the tape, Mr. Juncker says he has “had to lie” and, speaking about touchy economic topics, “When it becomes serious, you have to lie.” At this point Europe no longer even attempts to hide that everything is one big lie, and that should the truth emerge the market will crash more than ever in history. And why would the US be any different? It wouldn't which is why we can now safely say that pretty much any information coming out from the government and its proxies that has a stock market impact is false until proven true. Of course, for everything else, one can blame the conspiratorial blogs... *** This was a year ago, back when Europe still had some credibility, and people actually cared about news headlines. Now, no matter if it flashes red on Bloomberg or not, not even the algos bother to move the EURUSD by more than a few pips. Because even in politics, actions ultimately have consequences. and...   Eurointelligence Daily Briefing: On to the next diversion: The EU now plans a Marshall Fund El Pais reports that the European Commission is planning a €200bn Marshall Fund type project by bundling and redirecting resources from the European Investment Bank; goal is to focus on infrastructure and green technologies; there is no fiscal component to the plan, and it involves no change whatsoever of the austerity policies; Angela Merkel puts her weight behind the plan, but says the opposes any attempts to water down the fiscal pact; says she wants to pursue growth through structural reforms; the latest poll in France shows Francois Hollande at 55% against 45% for Nicolas Sarkozy; Mediapart says Ghaddafi had offered $50m to help finance Sarkozy's 2007 campaign; French billionaire Francois Pinault, a former Sarkozy supporter, says the president was losing his mind, as he is now lurching towards the right; Holger Stelzner accuses Hollande of a failure to understand globalisation, Stephan Cornelius is shocked that Hollande wants to challenge the carefully crafted euro rescue strategy; Wolfgang Munchau welcomes Hollande because he is going to challenge that consensus; Dominique Moisi says Hollande is going to win, but his impact in Europe is going to be incremental; economists are calling for direct ESM capital injections in banks; Le Monde says the ECB should tolerate higher inflation; the latest polls in Greece put Pasok at 20% and New Democracy at 25% - enough for a majority of parliamentary seats; Mario Draghi says he has no plans to relax attitude on Irish promissory notes; Larry Summers, meanwhile, says the eurozone government have misdiagnosed the crisis, and are now pursuing policies that will lead to a debt explosion. and........ http://www.euractiv.com/euro-finance/eu-mulls-marshall-plan-europe-news-512406 ​The European Commission is preparing a €200 billion “pact for growth” to be presented at the next EU summit in June.  According to leading Spanish newspaper, El País, the plan aims to raise funds valued at €200 billion for investments in infrastructure, renewable energies and advanced technologies with the involvement of the private sector, in a bid to kick-start economic growth without raising public debt in the 27 member states. The plan, which takes into consideration ideas of the French Socialist front-runner François Hollande, namely leveraging the European Investment Bank to boost growth and jobs, will be presented after the French elections. ‘Updating’ Europe 2020 Responding to widening criticism of austerity-led reforms, European Commission President José Manuel Barroso said on Friday (27 April) that the EU already had an agenda for growth, Europe 2020, but added that this agenda could be ‘updated’. "It is always possible to complement it, adapt it to more challenging situations. And indeed I see some progress now in the debate," he said. Barroso referred to his proposal for "project" or "investment" bonds as an example for this possible upgrade, as well as the Commission idea for reinforcement of the capital of the European Investment Bank (EIB), which he said had not been received well at the time. "Let's be honest, we need investment for growth at European level," he said, adding that he had discussed the issue earlier today with the Prime Minister of Italy Mario Monti. Meanwhile, European Council President Herman Van Rompuy sent a letter to EU leaders on Friday (27 April) warning them that “we must generally strengthen the governance of the Single Market and open new areas of growth.” “There are no quick-fix solutions. We have had to deal with the urgent pressures of the sovereign debt crisis. The emphasis should now shift increasingly to prioritising measures that can boost growth and jobs and a return to a sustainable growth,” he said. Barroso and Van Rompuy statements come just days after Hollande detailed his plans for a new Europe-wide growth pact. Last week (26 April), Italy’s prime minister Mario Monti repeated that while budget discipline was needed, it must be accompanied by policies that drove economic demand. “We will certainly talk in more detail about that in June, where we will bring the European Semester to a close and endorse country-specific recommendations to guide member states in their structural reforms and employment policies,” Van Rompuy said. One of these is the EU patent, crucially important for innovation and growth, he said.  If EU ministers do not sort out the issue at their meeting in May, “I will take it up at the June European Council,” he added. Among the other pending proposals that need “more spirit of compromise,” Van Rompuy cited energy efficiency and the public procurement package.