Tel. +44 (0)20 7287 4414
Email. info@brugesgroup.com
Tel. +44 (0)20 7287 4414
Email. info@brugesgroup.com
The Bruges Group spearheaded the intellectual battle to win a vote to leave the European Union and, above all, against the emergence of a centralised EU state.
The Bruges Group spearheaded the intellectual battle to win a vote to leave the European Union and, above all, against the emergence of a centralised EU state.
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Bruges Group Blog

Spearheading the intellectual battle against the EU. And for new thinking in international affairs.

The Shadow Liabilities Of EU Member States And The Threat They Pose To Global Financial Stability

1 minute reading time (294 words)
Shadow The Shadow Liabilities Of EU Member States

BUY THIS BOOK                                                                                                                                      By Bob Lyddon 

Bob Lyddon's book is one of the most important to be published in 2023. In terms of financial stability it is the most important. In an accessible way, even for the non financier, he sets out a damming indictments of the way Euro Zone members are playing with International rules to hide their weaknesses.

The Euro Zone are failing to adequately account for their liabilities, undermining Eurostat's 'General government gross debt' as a reliable figure. Both Shadow debts and unrecognised Contingent liabilities are shockingly under reported or simply ignored. The EU's 'General government gross debt' is understated by 44% if one takes account of the shadow debts, and by 70% if one factors in the contingent liabilities as well.

The EU's plan to onshore the clearing of Euro derivatives contracts poses a threat to all who trade or hold Euros. Clearly they lack the collateral quality required.

The Euro Zone's breaking of the international Financial Order poses a risk to the worlds financial stability. Monetary authorities in other jurisdictions cannot take the necessary precautions to protect their own financial institutions. It is impossible because Eurostats figures are totally unreliable.

If you can only read one book this year, please make it this one. It is vitally important that awareness is spread and action taken before others suffer financial harm. 


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Director : Robert Oulds
Tel: 020 7287 4414
Chairman: Barry Legg
 
The Bruges Group
246 Linen Hall, 162-168 Regent Street
London W1B 5TB
United Kingdom
KEY PERSONNEL
 
Founder President :
The Rt Hon. the Baroness Thatcher of Kesteven LG, OM, FRS 
Vice-President : The Rt Hon. the Lord Lamont of Lerwick,
Chairman: Barry Legg
Director : Robert Oulds MA, FRSA
Washington D.C. Representative : John O'Sullivan CBE
Founder Chairman : Lord Harris of High Cross
Head of Media: Jack Soames