Apocalyptic Hope ................World Banking pg 2 .................Western Alliance .................. EU Index

GLOBAL FINANCES, BUSINESS --- page one

BASKET of CURRENCIES ... leads to virtual units

Zechariah 5: 5-11 .... A VISION of the Cashless Society



BASKET of Currencies = float = virtual units

In this vision the prophet Zechariah sees a market basket,
[ symbolizing currencies, trade, commerce, buying and selling.]

In the basket was a woman ( wicked commercialism ), represented by a talent of lead.
[ a weight of lead . "Talent" usually means 100 pounds ]

Then there were 2 women --- (1.) wicked commercially tied to
an (2). idolatrous economic system of a man ( his name associated )--,

who had wings on the wind [ swift speed of the internet ... world wide web ]
(swift...s.w.i.f.t. Society for Worldwide Interbank Financial Telecommunications
see "Ode to the Scarlet Harlot")
and they lifted up the basket between heaven and earth (cyberspace).
In other words, this basket of currencies -- pegged to some standard--
morphed into Virtual "units" .

The only thing between heaven and earth is "air" and the Devil is the prince of the power of the air". Ephesians 2:2.


euobserver ( Ed: note the sign of Neptune  ... sea ... of chaos Rev. 13:1 )

Global Workforce, Mercenary : UK and US unite Labor Unions -- May 27, 2008
Ed: pawns on a chessboard
We are dealing with global companies that can move ... employment - around the world at will in many cases," said Andrew Murray.
http://news.bbc.co.uk/2/hi/business/7419256.stm

Need global 1-voice for finances -- May 8, 2008
.... "Brussels suggests the 16-member to be eurozone could overcome with a single chair at international financial institutions.
Under the EU's Lisbon treaty - set to come into force early next year if ratified in all 27 member states, the commission will be allowed to send "direct warnings" to countries seen as failing in reforms, without having to wait for the bloc's finance ministers' approval.

Apart from improvements on the internal front, the EU executive also calls for a better coordination of eurozone members when speaking to the outside world, with Mr Almunia noting it is "absolutely necessary" for them to have "one single presence" in international financial bodies.
http://euobserver.com/9/26101/?rk=1


TRADING DOLLARS FOR " EURO-UNITS "

The basket was then carried away to Shinar, the plain of idolatry (Daniel Chapter 3)
"and it shall be established and set there upon her own base". This seems to imply that e-commerce will eventually be totally cashless...a system of virtual "units", tied to the worship of the beast.

SEPA Single European Payment Area ( no more PIN transactions) -- Jan. 27, 2008
"Since the beginning of the year, each bank customer needs an international bank account number (IBAN) and a common bank code (BIC) for cross-border money transfers within the European Union
http://www.dw-world.de/dw/article/0,2144,3081337,00.html ( good graphics )
http://www.webwire.com/ViewPressRel.asp?aId=57553

Ed: The more banks merge and unify, the easier it will be for the 666 economic system to progress.
European bank mergers without protections -- Sept. 13, 2006
"The new rules would make it more difficult for governments to meddle with mergers in the banking, security and insurance sectors by requiring that foreign bids are assessed according to a set list of criteria.
"[The proposals] leave no room for political interference or protectionism," said internal market commissioner Charlie McCreevy
The new proposals also reduce the time during which national watchdogs can examine mergers from three months to 30 days and allow national authorities to stop the merger process just once.

Under current EU rules, national authorities are able to block proposed mergers if they consider that the "'sound and prudent management" of the target company could be put at risk – the loose wording was open to abuse from protectionist member states."
http://euobserver.com/9/22392/?rk=1

CASHLESS SOCIETY INEVITABLE-- June 29-2002
http://www.newsmax.com/archives/articles/2002/6/28/181711.shtml
PVU, private value units....electronic digital cash
http://www.isoc.org/HMP/PAPER/136/html/paper.html#Prologue%20Section

"Telematic money" (from metal to paper to abstract money)
http://chalaux.org/ammsuk05.htm#5.%20Monetary%20dematerialization.

The access number for all commercial transactions will be 666 plus one's identifying number, such as one's social security number. By taking the 666 number of the beast, one will be practicing idolatry, since we are strictly commanded NOT to take the 666 implant chip.
www.cybertime.net/~ajgood/ch1p1.html

To do so, is to suffer in the Lake of Fire: "and he shall be tormented with fire and brimstone in the presence of the holy angels and in the presence of the Lamb . And the smoke of their torment ascendeth up forever and ever: and they have no rest day nor night, who worship the beast and his image, and whosoever receiveth the mark of his name."
Rev. 14: 9-11

e-commerce will wipe out the small business man
http://www.thestandard.com/article/display/0,1151,20526,00.html

World Bank headed by Robert Zoellick -- May 30, 2007 ----- " the poverty-fighting institution"
a former "executive at Wall Street giant Goldman Sachs."
" Robert Zoellick, a nimble negotiator as trade chief and later as the country's No. 2 diplomat [ Ed: Deputy-Secretaty State Dept. ] ,
is President Bush's choice to head the World Bank
All of those things are critical for the bank's new leader, who will have to persuade countries to contribute close to $30 billion over the next few years to fund a centerpiece bank program that provides interest-free loans to the poorest countries
Before that, as U.S. Trade Representative, Zoellick played a key role in negotiations to bring China into the World Trade Organization.
He forged free trade deals between the United States and other countries, including Singapore, Chile, Australia and Morocco. And, he had helped to launch global trade talks in Doha, Qatar.

Some groups that promote global health worry about Zoellick's free-market bent and his past support for trade agreements that critics viewed as
favoring large pharmaceutical companies.
It's impossible to imagine the same Zoellick who carried water" for the large pharmaceutical companies "being the kind of advocate African ministers of health need in order to expand their investments in salaries for doctors and nurses," said Asia Russell, director of international policy for Health GAP, which stands for (Global Access Project)
http://www.huffingtonpost.com/huff-wires/20070529/world-bank-bush/
http://news.yahoo.com/s/nm/20070531/ts_nm/worldbank_dc_3

R. Zoellick --May 30, 2007
Mr. Zoellick first joined Goldman as a part-time consultant in the 1990s, serving as an international affairs adviser after having worked as an under secretary of state under George H.W. Bush. (He also worked as an executive vice president at Fannie Mae and taught at the Naval Academy as the John M. Olin Professor of National Security
http://dealbook.blogs.nytimes.com/2007/05/30/the-world-bank-and-the-goldman-connection/

Zoellick served on the Board at ENRON ( oil company )
previously he served on the board of Enron, the world's largest oil company.
   In government Mr Zoellick served at the treasury under President Bush Sr
Politically, Mr Zoellick is closely aligned with the neo-conservatives. In 1998 he was a signatory to the mission statements of the Project for the New American Century, which called for increased military budgets
http://www.truthout.org/docs_2006/053007N.shtml

US Secretary of the Treasury -- Henry ( Hank ) Paulson ( Goldman Sachs chief )
http://www.huffingtonpost.com/huff-wires/20070529/world-bank-bush/

From the Newswires : Fair educational use

Federal Reserve to swap currency with ECB -- Aug. 13, 2007
http://euobserver.com/9/24590/?rk=1

Before there can be a 666 Mark of the Beast, there has to be a realignment of currencies :
EAPS = Euro Alliance of Payment Schemes
SEPA = Single Euro Payment Area
EAPS from "Farmer Boy" Raptue Ready Message Board
" By 2010-2011 EAPS is going to be the preferred payment scheme...after the dollar falls due to market forces.
[ Ed: don't be surprised if it's a lot sooner than that ]
Everyone in the world will be required to use this cashless system.
Recommended: All Christians study EAPS and SEPA. Google research.

LINKs:
"The newly formed company, called "Euro Alliance of Payment Schemes" (EAPS) will be based in Brussels, Belgium and aims at enabling direct pan-European acceptance of debit cards without the need for an intermediary processor."
[ Ed: without MasterCard or Visa ]
http://www.smartinsights.net/smart-card/index.php?2007/05/31/69-eaps-to-challenge-sepa

Bush signs trans-atlantic integration plan with the EU -- April 30, 2007
The Transatlantic Economic Council was tasked with creating regulatory convergence between the U.S. and the EU on some 40 different public policy areas, including intellectual property rights, developing security standards for international trade,
getting U.S. GAAP (Generally Accepted Accounting Practices) recognized in Europe, developing innovation and technology in health industries, implementing RFID (Radio Frequency Identification) technologies,
developing a science-based plan on bio-based products (Ed: earth-ethic ecology )
and establishing a "regular dialogue" to address obstacles to investment.
At a joint press conference, Bush thanked the other two leaders ( Ed: Merkel and Barosso ) for signing the "trans-Atlantic economic integration plan," commenting that, "It is a recognition that the closer that the United States and the EU become, the better off our people will be."
http://worldnetdaily.com/news/article.asp?ARTICLE_ID=55584

Hello Global Currency -- May 9, 2007
http://www.worldnetdaily.com/news/article.asp?ARTICLE_ID=55595

BANK # 1
EIB -- EUROPEAN INVESTMENT BANK -- Luxembourgh
Global loans ( " carrot sticks " ) more than World Bank; no checks and balances )
secrecy; no accountablility; credit lines

EIB to fund ENP -- Nov. 29, 2006
http://news.bbc.co.uk/2/hi/europe/6194928.stm

"Ghost Bank" of Europe-EIB ...August 19, 2004
LUXEMBOURG The world's largest and most obscure public bank rises above the Kirchberg Plateau in the Grand Duchy of Luxembourg like a cream and concrete layer cake, sheltering a potent, blue-chip financial institution that has ever so discreetly managed to outspend and outborrow the better-known World Bank in Washington.

On almost any given day inside the hushed, art-filled headquarters of the European Investment Bank, officials borrow millions in international currencies in a ceaseless torrent of everything from euros to Polish zloty. From its coffers, the money spreads to regional development projects like power stations in Northern Ireland, or to shiny trams for Barcelona. It flows to oil pipelines in Pakistan and geranium plantations in Kenya.

Most people who ultimately benefit from this bounty in their daily lives have no idea that their anonymous, wealthy benefactor is the European Investment Bank. But without the EIB, and its immense resources that enabled more than E42 billion, or $52 billion, in loans last year, many of these projects would not have flourished.

The original ambition of the EIB was relatively modest. It was fashioned in 1958 under the Treaty of Rome as a policy-driven public bank to help integrate what was then the European Economic Community [ Ed: now the EU ] , emphasizing the development of weaker regions.
For the past five years, the EIB has been led by Maystadt, a former finance minister of Belgium whose understated manner is as low-key as the bank.
http://www.iht.com/articles/534581.html

Bank #2
ECB --European Central Bank -- Frankfurt, Germany


ECB European Central Bank ----Frankfurt, Germany
http://www.ecb.int/ecb/html/index.en.html

headed by ECB president Jean-Claude Trichet,
http://www.bloomberg.com/apps/news?pid=20601087&sid=axT_Dgv4oHvE&refer=home

EuroZone -- the political head of the 12-nation eurogroup, Luxembourg prime minister Jean-Claude Juncker.
http://euobserver.com/9/22367/?rk=1

Germany leads European economy -- Nov. 2, 2006
http://www.marketwatch.com/news/story/story.aspx?siteid=mktw&guid=%7B9F142E70-8B89-4C3D-BD78-98009F6FAC50%7D

Central Banks shift reserves from US to Eurozone -- Jan. 24, 2005
Any rebalancing of central bank reserve portfolios has serious implications for the global financial system as the US has become increasingly dependent on official flows of funds to finance its current account deficit, estimated at $650bn in 2004.
Any reluctance to increase exposure to dollar assets further could cause the greenback to plunge on currency markets
http://news.ft.com/cms/s/9ef63678-6d7d-11d9-9b69-00000e2511c8.html

July 9 -- Global Currency; One International Centralized Bank
"the world should proceed to the next level of currency consolidation: a single global currency, to be managed by an international central bank."
Since then, governments have sought to stabilize exchange rates by various mechanisms, such as pegging one small country’s currency to that of a larger country, but nothing has worked well. That’s why we now have arrived at the time when a single global currency would be beneficial and we should plan for it.
To assist with such planning, the Single Global Currency Association is holding the First Annual Single Global Currency Conference at the Mt. Washington Hotel in Bretton Woods on Friday, July 9, 2004, the 60th anniversary of the 1944 Bretton Woods conference. The goal of the Association is the implementation of a Single Global Currency by 2024 and there will be a Currency Conference at Bretton Woods every year until such implementation is achieved.
http://www.theunionleader.com/articles_showa.html?article=36920

Single Global Currency Association
The Single Global Currency Association signed a resolution Friday calling for the nations of the world to develop
“a comprehensive plan for the implementation of a single global currency by 2024” at the latest.
It’s an ambitious agenda for an organization founded just a little over a year ago by Morrison Bonpasse of Newcastle, Maine.
Today, the concept has its supporters — the Malaysian prime minister [ remember the m-chip ?] , U.S. Rep. Ron Paul (R-Texas) and even Federal Reserve Board Chairman Alan Greenspan are some. according to the Single Global Currency Association.

As far as ideas about what a new global currency would be called, Bonpasse said. “We don’t have a specific name,” — although there have been suggestions such as Globo, Geo, Worldo and Mondo.

One of the attendees of Friday’s conference was James Turk of North Conway, the founder of GoldMoney, a online service to buy and sell gold. He supports a global currency and says New Hampshire should be particularly interested in a world currency, especially the high-tech sector in the southern part of the state.

“That tech economy would be even stronger if there was a commonly accepted currency,” he said, noting that it would be easier to make global transactions faster.
http://www.theunionleader.com/articles_showa.html?article=40597
http://www.wmtw.com/Global/story.asp?S=2018094

Hmmm. First the standard global currency; then the electronic "units" in tandem with the 666 mark of the beast.
No wonder high-tech would be interested.

Berlosconi wants a "political committe" to run the ECB -- June 10, 2004
Mr Berlusconi suggested - on the margins of last weekend's G8 summit - that a "political committee" should be established to guide the decision-making of the ECB if the bank failed to do what the politicians want - and lower interest rates.
http://euobserver.com/?aid=16567&rk=1

Swiss Banks : still the ace-in-the-hole --May 14, 2004
Switzerland had refused to sign the deal on taxation until the EU gave Bern an exemption on a part of another treaty – Schengen – to protect banking secrecy.
On Thursday, EU members finally overcame their own differences, and agreed to grant the Swiss this opt-out.
The EU's member states assured Luxembourg they would not be forced to
http://euobserver.com/?aid=16040&rk=1

Schengen Agreement ( Treaty of Amsterdam )
http://www.euabc.com/index.phtml?word_id=819

ECB manages monetary policy of the 12 euro-nations -- May 7, 2004
http://www.iht.com/articles/518722.html

Bush wants currency float in Asia -- October 15, 2003
http://www.washingtonpost.com/wp-dyn/articles/A28597-2003Oct15.html

US to switch to the Euro ? October 6, 2003
The Transatlantic Strategy Group proposes that the EU and the US forge an informal "G2" economic alliance, co-operating more closely on currency and trade issues. This could eventually lead to a currency alliance between the two economic blocks.
The EU and the US, claim the co-Chairmen of the group in a joint article in the FT, are the only remaining global economic superpowers. Japan has declined in significance and China has some way to go until it can be described in this way.
The EU-US economic alliance should therefore be forged to "provide leadership for the world economy".
http://www.euobserver.com/index.phtml?sid=9&aid=12923

Who's WHO in the Banking World
http://www.save-a-patriot.org/files/view/whofed.html

Sec. of Treasury Snow wants currency rates set by market floating rates
By Glenn Somerville
DUBAI, Sept 20 (Reuters) - U.S. Treasury Secretary John Snow said on Saturday fellow finance chiefs from the world's leading industrial nations backed his view that currency rates should be set by markets and not by governments.
In a statement at the conclusion of a meeting of the Group of Seven finance ministers -- the United States, Britain, Canada, France, Germany, Italy and Japan -- Snow claimed victory for his position that floating rates were best for world trade.
"I expressed my long-held view that that the world trading system works best under a regime with market-based exchange rates," Snow said.
http://www.forbes.com/markets/newswire/2003/09/20/rtr1087112.html

International Accounting Standards -- September 30, 2003
http://www.iht.com/articles/111799.html

A one-world currency = hyper inflation
" A day's wages for a loaf of bread" ... black horse of Rev. 6 ... Third horseman of the Apocalypse
So we can add the "dey" and the "intor" to the list of other proposed names for the new world fiat currency, which have included the "bancor" (Keynes), the "unita" (Harry Dexter White), and the "phoenix" (Economist). No matter what you call it, the result is the same, not stability but inflationary finance. As Rothbard wrote, "what the Keynesians want is no less than an internationally coordinated and controlled worldwide, paper-money inflation, a fine-tuned inflation that would proceed unchecked upon its merry way until, whoops!, it landed the entire world smack into the middle of the untold horrors of global runaway hyperinflation."

Central banks are a recent development in the history of civilization—the culmination of years of consolidation—but the tendency of governments to inflate the currency is not. Whenever kings have seized hold of the currency, they immediately got to work with a plan for using that power to make gains for themselves at others’ expense. The justifications were many but the result the same: the ruler’s treasury swelled as the people’s money became less valuable. Inflation was and is taxation through another means.

Central banks represent the most elaborate effort ever undertaken to give the king all monetary power and privilege, while providing a financial guarantee for the government and all its "services." Its genesis is the same in every country: the government provides protection for the banking industry against competition, in exchange for which the banking industry agrees to act as the money creator and lender-of-last-resort for the government.
http://www.mises.org/freemarket_detail.asp?control=455

Does a Global Economy demand a Global Currency ? Joan Veon August 16, 2003
http://www.newswithviews.com/Veon/joan.htm

EU APPOINTS NEW CENTRAL BANK BOSS
Finance ministers from the European Union have officially appointed Jean-Claude Trichet as the next chief of the European Central Bank. Jean-Claude Trichet has finally received his official appointment, paving the way for the governor of the Banque de France, to take on the ECB's top job for eight years from November 1, 2003. Mr Trichet, a former deputy governor with the International Monetary Fund (IMF) and World Bank, will take over the hot seat in Frankfurt from outgoing president, Wim Duisenberg. Analysts say the new role is better late than never, with the announcement expected more than five years ago. At a time when the Eurozone economies are suffering from sluggish performances and borderline recessions, the 60-year-old poetry loving Mr Trichet is seen as the man to help revive the ECB through French inspired reforms. A savvy banker, Mr Trichet's appointment is hoped to bring stability to the Eurozone and help placate sceptics across the continent.
Source: World Watch
http://www9.sbs.com.au/theworldnews/articles/3/63752.html

Toward a World Central Bank -- July 21, 2003
The 10th Santa Colomba Conference, held in that Italian city in late June (2003) , examined the question: "Does the Global Economy Need a Global Currency?" According to former Federal Reserve Chairman
Paul Volcker, the answer is a resounding "Yes" — a view shared by the 15 members of the international banking elite present at that gathering.

Among those in attendance, reported the June 30th Wall Street Journal, were Jacob Frenkel, former head of the Israeli central bank; former Argentine Finance Minister Domingo Cavallo; and noted economist
Steve Hanke, who is affiliated with the libertarian Cato Institute. The event was convened by Nobel Prize-winning economist Robert Mundell.

The "dey" ...dollar...euro...yen

Mundell’s argument, briefly stated, is this: "[I]f the euro can replace the franc, mark and lira, why can’t a new world currency merge the dollar, euro and yen? The euro’s recent recovery against the dollar almost certainly establishes its credibility as a permanent currency.... This suggests success for the grandest reform of all, a supra-national central bank." At present, despite labor unrest and economic turmoil in the "euro-zone," notes the Journal, "few complain about the loss of ‘monetary sovereignty.’ World money, with a world central bank, seems a next logical step.... A world money would be an extraordinary boon to international stability."
http://thenewamerican.com/tna/2003/07-28-2003/insider/vo19no15_bank.htm

David de Rothschild in charge of global integration of banking-- July 9, 2003
Heads UK, French, American and Canadian investment banking units
www.iht.com/articles/102215.html

Change in Monetary Policy Coming-- July 8, 2003
JC Trichet to assume post on Nov 1-2003
It is also consulting the European Central Bank as the Treaty blueprint foresees substantial changes to monetary policy.
http://www.euobserver.com/index.phtml?sid=9&aid=12001

Jean-Claude Trichet president of the ECB -- June 23, 2003
former governor of the Bank of France
http://www.euobserver.com/index.phtml?aid=11822

EIB European Investment Banking
EUOBSERVER / TUESDAY (15 July) - The EU Ministers of Economy and Finance are gathering in Brussels this Tuesday to discuss an Italian proposal for increasing growth.
The proposal includes Trans-European Networks (TENs) which, according to the Presidency, play a key role in supporting the economy and increasing long term growth potential.
The idea is to involve the European Investment Bank (EIB) in this project by raising the rate of investment in TENs, currently considered insufficient, in order to overcome the backlog of investment in the agreed list of priority projects.

The new regulatory framework, which is operational from 25 July 2003, also gives the European Commission powers to oversee the national regulatory regimes in the field of electronic communication.

This mechanism is very important for the regulation of EU electronic communications markets, as it obliges national regulators to conduct a "national" and a "Community" consultation on the regulatory measures they intend to take. If necessary, the Commission can require national regulators to withdraw intended measures
http://www.euobserver.com/index.phtml?aid=12113

G 7 ( + 1 observer) discuss Global Economy -- June 2, 2003
Bush said that G-8 discussions had reinforced his belief that joint cooperation between the United States and Europe was critical to resolving global problems.

"A united Europe working with America can do a lot of good ... on such issues as fighting terror, working on matters such as proliferation. We can do a lot of good to help those who suffer," Bush said.

British Prime Minister Tony Blair told reporters that part of Monday's discussion was devoted to the efforts being made by European countries such as France and Germany to institute economic reforms that will lead to higher growth. Increased competition due to globalization was forcing all countries to accept the need to do so, he said.

"There is a general recognition that if we don't change and reform our economies quickly we are not going to be able to survive with the same living standards in the modern world," Blair said.

The leaders also were preparing an action plan to confront fears that terrorists could use shoulder-mounted missiles to bring down commercial jetliners.
http://story.news.yahoo.com/news?tmpl=story&cid=535&ncid=535&e=1&u=/ap/20030602/ap_on_re_eu/summit_rdp

Europe to have Economic Reforms ( note the vague generalities) June 2, 2003
Delegates said European leaders and Japan had requested a discussion of currency volatility since the dollar's sharp fall against the euro -- some 15 percent this year -- posed a new hurdle to reviving their anemic economies.

U.S. officials said Bush would urge Europeans to make their economies more flexible, scrap trade barriers, stop subsidizing farmers and end the blockade of genetically modified crops.

German Chancellor Gerhard Schroeder won a vital vote of confidence from his Social Democratic Party on Sunday for painful pensions and welfare reforms aimed at turning around Europe's stagnant economic giant.

Chirac center-right French government's faces an equally tough battle to enact similar reforms with a week of protest strikes kicking off with a rail stoppage on Monday. http://story.news.yahoo.com/news?tmpl=story&cid=564&ncid=564&e=1&u=/nm/20030601/ts_nm/group_summit_dc_16

France backs ECB bank reforms--Nov 11-2002
ECB headquartered in Frankfurt, Germany
The French are set to back fundamental reform of the European Central Bank (ECB), reports the BBC. The proposed changes would make the decision-making process within the bank easier, meaning it could move more quickly to cut interest rates.
http://www.euobserver.com/index.phtml?aid=8321

Reforms make it easier for UK to join Eurozone--Nov 10-2002
They also say that the ECB's board - which already comprises the 12 central bank chiefs from all the countries of the eurozone - will become completely unwieldy after enlargement, when another 10 counties will eventually join.
They suggest instead a small monetary policy committee, like that of the Bank of England, which has operational responsibility for setting interest rates to meet the target.
The German government, and many economists, believe that the Growth and Stability Pact [strict Budget limits ]
is too rigid and should be revised to take more account of the fact that deficits always rise during recessions.

They [ ECB] fear that without the simple rule in the Stability Pact, there would be no way of coordinating monetary and fiscal policy in the eurozone, and inflation would eventually run rampant as countries printed money to counteract any tough decisions on interest rates.
http://news.bbc.co.uk/1/hi/business/2435867.stm

COEUR ( coordination of Euroland; in Paris ) .... twin sister of ECB -- Nov 11-2002
Changing the governance rules of Euroland, for the ECB and EuroGroup as well, by differentiating between governing bodies membership and voting rights: these are the directions to follow if we want to stop the growing flow of critics and attacks on the existing embryonic Euroland governance system. This system is currently made of a set of rules (with the Stability Pact at its core) and only one dedicated institution the European Central Bank.

To achieve this objective, a major part is missing: a Euroland Coordination institution (let’s call it COEUR, for COordination of EURoland). Its main role would be to serve the EuroGroup as a secretariat preparing its decision, carrying out studies and proposing targets, objectives, policies (in the field of macro-economics coordination, tax harmonization, even social long term goals) and of course delivering all required information to keep the member-states on track with the common agreed objectives.

but not everybody will have a permanent voting right in order to facilitate decision making. For instance, each country whose GDP represents more than 5% of Euroland GDP (today this would be: Germany, France, Italy, Spain and The Netherlands) will have a permanent voting right, while countries below this 5% limit will share two seats with 6 months rotation. The number of voters would therefore be limited to 13 people (down from 17) and would stay almost stable in the future - even when other countries join, as only the UK will break the 5% ceiling.

http://www.euobserver.com/index.phtml?sid=9&aid=8322

Continued :
IMF, World Bank, WTO and interesting LINKS www.cybertime.net/~ajgood/wbank.html

?

www.cybertime.net/~ajgood