(OOC: Yeah tis has seemed to petered out)
Posts made by Xeng
RE: Role-playing economic issues - version ii
@The-United-Kingdom Wow ok really? I just said why I like it. But hey if you want to go down this road do I have to remind you as to our thread we you icky kept making up my nation trade tariff and currency stats because let's face it.. That is essentially what you were doing.
RE: Letter to ALL EU Councillors
Councillor Miyan SJiang-Li will be representing the Federal Republic of Xeng so that our Republic gets a seat on the table of how this regions security is going to be over4seen.
(OOC: Sorry guys, not much time for a full letter so had to go short and sweet)
RE: Motion for Impeachment
"The Federal Republic of Xeng votes Against this impeachment, the Economic Commission isn't responsible for the decisions that national policy makers mke. if countries want to adopt their own currency and leave the Euro that is up to them." Said Xengese Councillor Miyan Sheng-Li
RE: Xeng Central News
Is the Euro Dead?
The name sake of this article is the exact same question which has been floating around within the European Economic Commission as well as the Council of Europe and even here at home in Xeng amongst the Federal Diet and the Central Standing Committee and the Federal Reserve Bank. Xeng as far back as 30 years ever since the One Xeng Party took charge of the rings of power has had the Huibi pegged to the Euro as a means of valuation; ever since the disaster of the floating Huibi which was one of te leading factors leading to the economic crash of the Second Republic.
The Issue has raised the question on how the Huibi should be valued in the future. This issue has raised some contention between Secretary of FinanceAnjei Zhou and Governor of the Federal Reserve BankTaoyen Gwong. Finance Secretary Anjei Zhou said she would rather see the Xeng currency be re-instated to floating currency due to the fact that the county’s economy is now in a far stronger position than it was under the previous democratic reigime and should not be determined by the fluctuations of one currency alone.
Federal Reserve Bank Governor Taoyeng Gwong however wants the Huibi to be more stable and controlled by pegging the currency to non-eurozone based economies, which will b stabilised on the basis on the fluctuation of 4 or so currencies based on other nations fluctuations which he says will stabilise and even outfurther trade and financial imbalances and be less dependant on reserve transactions and open market operations of Xeng’s monetary authority.
Chairman Dai Yeong Tzeng and General Secretary Jeng Yi-Zhing have said that they will host a meeting between the two government heads next week to determine the best strategy to stabilise the currency post Euro. Trade Secretary Lei Feng has however said that we shouldn’t jump the gun as it were. She says that the Euro is unlikely to fade away completely, but will weaken if more Eurozone members keep leaving and adopting their own national currency.
She is said to be working with Madame Miyan Shen Li, Xeng’s representative within the European Council to bring up the matter within the European Economic Commissioner Suzan Beech or whoever it might be within the next fews weeks to set up a meeting with non-eurozone members of the EUto scope out any potential future exchange reate mechanisms.
RE: The Northern Powerhouse
Foreign Affairs Secretary Yi Xiao Sheng spoke up. "A space program is a good idea, but for another time. Our priorities should be towards further economic growth and development. Thats why I propose a Development and Investment Fund that goes towards collective infrastucture and social programs across our nations represented today. (OOC: Like the Asian Development Bank or the European Investment Bank)