OECD Eurozone austerity vs eurobonds

Any news about growth initiatives in the Eurozone is likely to have some effect on the price of silver.

There is a meeting scheduled for May 23, 2012
when the OECD will attempt to convince
the ECB to loosen up on the
austerity measures that have been
applied to the Eurozone as of late.
Loosening the austerity measures likely would
involve releasing new paper into the markets.
That paper could be in the form of Eurobonds if
the suggestion of the OECB is
taken seriously

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The short leg up on this silver chart was mostly
a response to news out of the US last week
when Bernanke and the Feds were
sending out rumour waves concerning
the release of a QE3 financial amd market rescue
package in the near future should the Eurozone
crisis put more stress on bull stock investor sentiment.

OECD is the Organization for Economic Cooperation and Development ( an international financial watchdog ) and it is currently suggesting the introduction of eurobonds as a measure towards stabilizing the Eurozone economy.

Interesting links about the OECD and other players in the European debate or argument between ongoing austerity or loosening of goverment funds.

OECD - Better Policies for Better Lives

The global economy is recovering, states the OECD, however, European governments must take greater actions to ensure that the crisis in the euro area does not derail the recovery.....

Forbes Article about how Hollande is against austerity and the leaders of Italy, Spain and Ireland seem to agree with France's new leader on the topic of eurobonds.

Meanwhile Merkel of Germany is adamant that eurobonds are not the definitive solution to the financial bottleneck in Europe.

Germany insists no eurobonds to solve debt crisis

The IMF - International Monetary Fund seems to be siding with those in favor of a eurobond issue.