European Central Bank Assets Purchase Program QE Smart Nation Bonds Smart City Bonds

1. EUROPEAN CENTRAL BANK:
SMART EURO AREA
DR. AZAMAT ABDOULLAEV
SMART NATIONS INDEPENDENT CONSULTANT/SMART ECO COMMUNITY “X” CONSORTIUM
HTTP://WWW.SLIDESHARE.NET/ASHABOOK/IEUROPE
SMART TRANSNATIONAL CIRCULATION OF KNOWLEDGE, IDEAS, PEOPLE, GOODS, SERVICES, AND CAPITAL
EUROPE AS THE INTELLIGENT AND INNOVATIVE, HEALTHY AND WEALTHY, LIVEABLE AND EFFICIENT, MORAL AND FAIR, SMART AND SUSTAINABLE
UNION
EUROPEAN UNION APRIL 2015
Smart Green EUROPE:
EUR 1.1 trillion Asset Purchase/Bond Buying/
Quantitative Easing Program
https://eu-smartcities.eu/forum/smart-green-europe
The general objective of “Smart Green Europe” is to build a smart inclusive society and a world-leading economy based on
knowledge, innovation and future technologies and integrated sustainable urban and rural development.
[Proposed to the President-elect Jean-Claude JUNCKER and the European Central Bank as a Pan-European Investment Platform
under the European Fund of Strategic Investments and the European Projects of Common Interest]
http://www.slideshare.net/ashabook/europe-tomorrow-poverty-or-prosperity

2. A. Smart Green Europe Azamat
Abdoullaev 20 April 2015
I-EUROPE TRINITY
Knowledge
EUROPE/
Continent/
Country/
City/Commu
nity
I-Europe
Government
Platform
DIRECT
DIGITAL
DEMOCRACY
Eco-
EUROPE/
Continent/
Country/
City/Commu
nity
Digital
EUROPE/
Continent/
Country/
City/Commu
nity
Physical Capital
Natural Capital
Ecosystems
Natural Resources
Renewables/RES
Eco Technologies
Green Infrastructure
Eco-Urbanization
Green Society
ECO-SUSTAINABLEGROWTH Information/DigitalCapital
Smart Mobility , Smart Services
ICT Infrastructure,OTN, Optical
Networks , NG Broadband
3DTV, HDTV, CC, Intelligent Clouds
Internet of Things, u-Computation
Digital/Cyber Society
TECHNOLOGICAL/SMARTGROWTH
Social/Human/I-Capital
Innovation Ecosystems
Smart Living
Smart Economy
Knowledge Infrastructure
i-Industry
Smart Governance
Equity, Wellbeing, QoL
Knowledge Society
SOCIAL/INCLUSIVE GROWTH
SMART ECO EUROPE COMMUNITY

3. WHY “SMART GREEN EUROPE”?
 Most Member States, as Ireland, Portugal, Netherlands, Portugal, Greece, Spain, Denmark, Sweden, France,
Italy, UK and Finland, Hungary, Austria, Cyprus, are deeply indebted countries, having the real economy debt-
to-GDP ratio more than doubled.
 The states of European affairs are in urgent need of all-comprehensive and systematic transformation in all
the critical aspects, economic, political, social, cultural, territorial, scientific, technological, and
environmental, so that to secure a “sustainable recovery” scenario (EUROPE 2020, A European Strategy for
Smart, Sustainable and Inclusive Growth, 2010, Communication from Commission).
 Overall, the Smart Green Europe is to effectively implement the President-elect, Jean-Claud Juncker, Political
Guidelines as well as the key strategic guidelines for the Union presented by the European Council of 27 June
2014:
 • A New Boost for Jobs, Growth and Investment
 • A Connected Digital Single Market
 • A Resilient Energy Union with a Forward-Looking Climate Change Policy
 • A Deeper and Fairer Internal Market with a Strengthened Industrial Base
 • A Deeper and Fairer Economic and Monetary Union
 • A Reasonable and Balanced Free Trade Agreement with the U.S.
 • An Area of Justice and Fundamental Rights Based on Mutual Trust
 • A New Policy on Migration
 • A Stronger Global Actor
 • A Union of Democratic Change
 https://eu-smartcities.eu/forum/smart-green-europe
Smart Green Europe Azamat
Abdoullaev 20 April 2015

4. “SMART ECO EUROPE” DEVELOPMENT PROJECTS
 • I-EUROPE PLATFORM: Smart circulation of knowledge,
ideas, people, goods, services, and capital
 • The “Smart Eco Europe” Cities and Communities
 • The “Smart Eco Europe” Member States
 • The “Smart Green EUROPE” Infrastructure
 • The “Smart Sustainable EUROPE” Industry
 • The “Smart Eco Union” Funding 2014-2020
 • The Smart Euro Area: Smartly Investing One Terra Euros
 i-EUROPE Manifesto:
 http://www.slideshare.net/ashabook/i-europe-title-10150491
 http://www.slideshare.net/ashabook/intelligent-europe-project
 http://www.slideshare.net/ashabook/ieurope
Smart Green Europe Azamat
Abdoullaev 20 April 2015

5. STRATEGIC INVESTMENT OF EUROPEAN
SIGNIFICANCE
 The “Smart Green Europe” will directly support the implementation of the Europe 2020 strategy by creating
and consolidating the future Union policies, regulations, plans, programs, schemes and services for the Post-
Europe 2020.
 The “Smart Green Europe” is designed as a Strategic Investment of European Significance in Urban and
Natural Environment, Energy, Transport, Broadband, Education, Research and Innovation, Economy and
Business.
 The Project is to combine all the key investment areas such as mobility, SME-support, green energy, resource
and energy efficiency, digital infrastructure and Information and Communication Technology in a systematic,
sustainable and inclusive way.
 The “Smart Green Europe” implies the highest economic and societal and environmental return, promising
stable economic recovery, long-term growth, quality jobs and sustainable competitiveness, and involving the
smart nation government bonds and municipal revenue bonds, as under the European Central Bank’s Assets
Purchase Program of EUR 1 trillion.
 The “Smart Eco Union” envisions its Communities of tomorrow as the places of holistic conception,
integrated investment strategies and innovative action plans, of advanced social progress; of green,
ecological or environmental regeneration; of attraction of talents and engines of economic growth, as well as
the platforms for smart governance, democracy, cultural dialogue, diversity and social unity.
 It is to contribute into building the Future Union as the Integrated Territories of the Future: Sustainable
States, Intelligent Eco Cities, Green Communities, Sustainable Future-Proof Infrastructures, Intelligent
Industrial Base and Eco-Smart Natural and Built Environment.
 http://www.slideshare.net/ashabook/europe-tomorrow-poverty-or-prosperity
Smart Green Europe Azamat
Abdoullaev 20 April 2015

6. STRATEGY AND IMPLEMENTATION PLAN
 The Project Promoter: Smart Eco Community “X” Consortium/ EIS Ltd (Policy and Regulations and Integrated
Planning AC)
 The Project Prospective Stakeholders: Junker Commission, EC Digital Single Market, DG for Communications
Networks, Content and Technology; DG for Mobility and Transport; DG For Energy; DG For Environment, DG
for Regional Policy; 6 Action Clusters, European Innovation Partnership on Smart Cities and Communities
 The Project Strategies: The Europe 2020 Strategy; the Post-2015 United Nations Development Agenda,
“Realizing the Future We Want for All”; the Smart Eco Life Strategy
 The Smart Nations Links: http://www.slideshare.net/ashabook/sustainable-nations-global-initiative-europe
 The Financial Instruments and Funding Sources: The European Projects of Common Interest; the Connecting
Europe Facility, the EC Horizon 2020, the EIB, the European Fund for Strategic Investments, the European
Structural and Investment Funds, European Central Bank (EUR 1 trillion assets purchase program); Private
Eco-Wise Economic Investments
 The Initiative Schema: the EU Smart Cities and Communities Initiative; the Sustainable Nation Global
Initiative; the Smart Superpower Global Initiative:
 ABOUT: The SEC “X” Consortium is committed to transform the nations and states, metropolises, cities and
communities according to the Smart Eco Life Strategy into integrated sustainable territories of the future.
Smart Green Europe Azamat
Abdoullaev 20 April 2015

7. EUROPEAN CENTRAL BANK:
SMART ASSETS BONDS AND INTELLIGENT LIQUIDITY OPERATIONS PILOTS
 Mario Draghi, President of the ECB
 Vítor Constâncio, Vice-President of the ECB
 Dear President, Vice-President and Members of the Governing Council,
 Considering that the disruptively creative innovative ideas have the most added values for a sustainable future, the “Smart
Green Europe” has been presented to the President of the European Commission as a Pan-European Investment Platform.
 The “Smart Eco Union” Investment Program is in line with the mission of the European Central Bank, of creating a sustainable
euro area, with the credit flows to the green and smart economy, thus avoiding a “bad bank”, price instability and high inflation
scenario.
 As smart euro solutions, it proposes the ECB’s Bond buying programme as the Smart Assets Purchase Programme, as well as
the intelligent liquidity operations pilots, see as attached:
 EUR 1.1 trillion Smart Union Program brief; B) 10b Smart Assets Pilot in Europe; C) 1b Smart Assets Pilot in Cyprus.
 The Program is to support the EC’s Political Guidelines and the strategic guidelines for the Union presented by the European
Council of 27 June 2014.
 Besides, the Investment Program is meeting sustainable investment demands of such key stakeholders as the European
Engineering Industries Association and the IIGCC of pension funds, insurance companies, asset managers and specialist
infrastructure funds, having collectively about €10 trillion of assets under management.
 We are looking for a partnership with the ECB and the Eurosystem to advance the “Smart Green Europe” as a strategic project
of European significance under the European Fund of Strategic Investments and/or the European Projects of Common Interest.
 The Project is planning to develop i-Europe Governance Platform which might have as its core element the Smart Eurosystem
Digital System facilitating the “organisational principles for the Eurosystem and the Single Supervisory Mechanism”.
 The Proposal Received by 03/26/2015
Smart Green Europe Azamat
Abdoullaev 20 April 2015

8. THE SMART EURO AREA:
SMARTLY INVESTING ONE TERRA EUROS
 The European Central Bank and the Eurosystem are entrusted with formulating the monetary
policy for euro area, involving standard instruments in regulating the money supply: open-
market formulations, the discount rate and reserve requirements.
 By selling and buying the government securities, the ECB influences the supply of money and
credit and rates of interest and the supply of reserves.
 It is believed that monetary policy measures together with fiscal policy might help achieve and
maintain economic growth and better employment and stabilize prices and wages and inflation.
 Since “policy interest rate could not be reduced any further”, the ECB is starting implementing
its “non-standard monetary policy measures” as the open-market operations.
 It begins purchasing euro-denominated public sector securities in the secondary market,
sovereign bonds and private sector assets, while continuing purchasing asset-backed securities
and covered bonds.
 The assets purchase scheme is meant paying with a check drawn on itself, thus creating virtual
money as additional deposits by the security sellers in commercial banks, meaning to increase
their cash reserves and lending capacity.
 The combined monthly purchases of public and private sector securities will amount to €60
billion to be carried out until the end of September 2016, making a total amount of EUR 1
trillion.
Smart Green Europe Azamat
Abdoullaev 20 April 2015

9. SMART NATION BONDS: STATE PILOTS
 Considering that most Member States are among the most highly indebted countries, having a worrying real
economy debt-to-GDP ratio and heavy debt of the financial sector, the “Smart Green Europe” suggests that
the ECB’s assets purchase program is wise to focus on three classes of “real economy”, as smart investment-
grade bonds:
 Smart nation bonds, general bonds or limited obligation bonds, issued by a Member State to build (acquire
or improve) a revenue-creating public property, as intelligent national transportation networks (fast-speed
railroads and port authorities or intelligent tall roads), or optical trunk networks).
 They are thus backed either by taxation capacity or by the revenue generated by the advanced physical and
digital infrastructures, facilities or social infrastructure services for which the bonds issued.
 The “Smart Nation” Investment Strategy is to deliver the social and economic growth by advancing
sustainable construction, green roads, intelligent energy, business innovation, smart commerce, intelligent
industry and sustainable tourism infrastructures and cutting-edge facilities, initiating the Innovation Mega
Regions of sustainable states, smart agglomerations, innovation clusters, green communities and eco
developments.
 Its strategic business model is a multi-level partnership of the government, innovative business groups, state
utilities, municipalities and communities, academia and research institutions, with active citizen engagement
and involvement.
 As the smart nation bonds pilots and demonstrators, there are proposed two largest European economies, as
“Smart Germany” and “Smart Britain”, as well as the smallest economy as “Smart Eco Cyprus”.
Smart Green Europe Azamat
Abdoullaev 20 April 2015

10. SMART MUNICIPAL AND CORPORATE BONDS
 Smart municipal bonds, general bonds or limited obligation revenue bonds. The first is backed by a city’s tax
collection for advanced utilities and social services, or extensive renovation of existing urban infrastructures
in utilities, ICT, water, waste, buildings, energy, and transport systems. The revenue bonds are issued by a
municipality to build (acquire or improve) a revenue-creating property, as intelligent transportation networks
(fast-speed railroads and port authorities or intelligent tall roads), renewable power plants, smart
waterworks, waste-to-energy plants, or optical trunk networks). They are thus backed by the revenue
generated by the advanced facility or social infrastructure services for which the bond issued. As the smart
and sustainable city bonds pilots and demonstrators, there are proposed the largest European city capitals,
as “Smart London”, “Smart Paris”, “Smart Berlin”, “Smart Rome”, “Smart Madrid”, and “Smart Brussels”.
It’s worth to mention here the recent Egyptian government initiative to extend Cairo as a smart and
sustainable capital city at a cost of $US45 billion.
 Smart corporate bonds, secured by a lien against private sector assets, such as high-quality real estate
(mortgage bonds, as far as most loans linked to real estate) or other valuable property, as advanced plant
equipment. They are thus to be backed by the revenue generated by the sustainable property developments
or smart industry facilities. As the smart corporate bonds pilots, there are proposed eco-innovative intelligent
real estate developments, digital manufacturing plants and eco-smart energy plants in the selected smart
Member States.
 The Smart Bonds and Assets Purchase Program is well in line with the REGULATION OF THE EUROPEAN
PARLIAMENT AND OF THE COUNCIL on the European Fund for Strategic Investments,…Council of the EU,
2015/0009 (COD), see the SUPPLEMENT.
Smart Green Europe Azamat
Abdoullaev 20 April 2015

11. THE SMART FUNDING PRACTICE FROM CHINA
 As a good practice of smart bonds investment, it could serve a fast developing competitive economy of China.
 As a matter of fact, China’s debt is quadrupled since 2007, making 282% GDP, or $28 trillion by mid-2014.
Its half of loans divided by real estate and shadow banking, but the debt of many local governments linked to
smart cities development, thus becoming more future-proof and sustainable strategic investment.
 As far as debt remains a key tool for funding economic growth, its government debt is wisely made against
future eco-sustainable urbanization, with 600 cities allocated about $ 322 billion for embracing smart and
green cities development strategies (for more, see “Comparative Study of Smart Cities in Europe and China”).
 In China, to become smart and green is the matter of government policy, involving the State Council and the
key government departments, such as Ministry of Industry and Information Technology, National
Development and Reform Commission, Ministry of Science and Technology, the Ministry of Housing and
Urban-Rural Development, the National Administration of Surveying, Mapping and Geoinformation, the
National Tourism Administration and other relevant departments.
 China's State Council issued “Several Opinions on Promoting Consumer Spending on Information Technology
and Expanding Domestic Demand” proposing to develop pilot and demonstrative smart cities.
 It required all pilot cities to issue policies to encourage market-based investment and financing, supporting
intelligent upgrading of public utilities and fast implementation of smart grids, smart transport, smart water
supplies, smart land administration and smart logistics.
 As the things stand now, Europe is risking losing its global smart and green growth leadership to Smart Eco
China unless the ECB Governing Council is to take a smarter strategy for for EUR 1.1 trillion Asset
Purchase/Bond Buying/Quantitative Easing Program.
Smart Green Europe Azamat
Abdoullaev 20 April 2015

12. ECB GOVERNING COUNCIL:
WHO DECIDES ON SMART EUROPE BONDS
 Mario Draghi , President of the ECB
 Vítor Constâncio, Vice-President of the ECB
 Benoît Cœuré, Member of the Executive Board of the ECB
 Sabine Lautenschläger, Member of the Executive Board of the ECB
 Yves Mersch , Member of the Executive Board of the ECB
 Peter Praet , Member of the Executive Board of the ECB
 Jan Smets, Governor, Nationale Bank van België/Banque Nationale de Belgique
 Jens Weidmann, President, Deutsche Bundesbank
 Ardo Hansson, Governor, Eesti Pank
 Patrick Honohan, Governor, Central Bank of Ireland
 Yannis Stournaras, Governor, Bank of Greece
 Luis María Linde, Governor, Banco de España
 Christian Noyer, Governor, Banque de France
 Ignazio Visco, Governor, Banca d'Italia
 Chrystalla Georghadji, Governor, Central Bank of Cyprus
 Vitas Vasiliauskas, Chairman of the Board, Lietuvos bankas
 Ilmārs Rimšēvičs, Governor, Latvijas Banka
 Gaston Reinesch, Governor, Banque centrale du Luxembourg
 Josef Bonnici, Governor, Central Bank of Malta
 Klaas Knot, President, De Nederlandsche Bank
 Ewald Nowotny, Governor, Oesterreichische Nationalbank
 Carlos Costa, Governor, Banco de Portugal
 Boštjan Jazbec, Governor, Banka Slovenije
 Jozef Makúch, Governor, Národná banka Slovenska
 Erkki Liikanen, Governor, Suomen Pankki - Finlands Bank
Smart Green Europe Azamat
Abdoullaev 20 April 2015

13. SMART STATES GLOBAL INITIATIVE
 http://ec.europa.eu/dgs/secretariat_general/eu2020/docs/intelligent_europe_center_en.pdf
 http://eu-smartcities.eu/blog/smart-superpowers-projects-states-powers-great-powers-and-hyperpowers
 http://www.slideshare.net/ashabook/superpowers-smart-states-global-initiative
 http://www.slideshare.net/ashabook/sustainable-nations-global-initiative-europe
 http://www.slideshare.net/ashabook/i-europe-title-10150491
 http://ec.europa.eu/dgs/secretariat_general/eu2020/docs/intelligent_europe_center_en.pdf
 http://www.slideshare.net/ashabook/smart-europe
 http://www.slideshare.net/ashabook/urban-europe
 http://www.slideshare.net/ashabook/intelligent-europe-project
http://www.slideshare.net/ashabook/ieurope
 http://www.slideshare.net/ashabook/igermany
 http://www.slideshare.net/ashabook/smart-britain
 http://www.slideshare.net/ashabook/smart-china
 http://www.slideshare.net/ashabook/smart-japan
 http://www.slideshare.net/ashabook/sustainable-nations-global-initiative-russia
 http://www.slideshare.net/ashabook/irussia-20142024
 http://www.slideshare.net/ashabook/smart-america
Smart Green Europe Azamat Abdoullaev 20 April 2015

14. INTEGRATED INTELLIGENCE PLATFORM:
EIS ENCYCLOPEDIC INTELLIGENCE PLATFORM
 ENCYCLOPEDIC INTELLIGENCE I: http://www.slideshare.net/ashabook/encyclopedic-intelligence
ENCYCLOPEDIC INTELLIGENCE II: http://www.slideshare.net/ashabook/encyclopedic-intelligence-24260973
ENCYCLOPEDIC INTELLIGENCE III: http://www.slideshare.net/ashabook/encyclopedic-intelligence-global-
marketing
ENCYCLOPEDIC INTELLIGENCE IV: http://www.slideshare.net/ashabook/encyclopedic-intelligence-big-
science-and-technology
ENCYCLOPEDIC INTELLIGENCE V: http://www.slideshare.net/ashabook/global-intelligence-26413485
 ENCYCLOPEDIC INTELLIGENCE VII: http://www.slideshare.net/ashabook/network-software
 ENCYCLOPEDIC INTELLIGENCE VIII: http://www.slideshare.net/ashabook/future-media-29450485
 http://www.slideshare.net/ashabook/space-platform
 http://www.slideshare.net/ashabook/future-space
 GLOBAL INNOVATION AND DISRUPTIVE TECHNOLOGY PLATFORM:
http://www.slideshare.net/ashabook/innovation-platform
 http://www.slideshare.net/ashabook/eis-ltd
http://www.slideshare.net/ashabook/eis-limited-28850348
 http://www.slideshare.net/ashabook/creating-the-future-tomorrows-world
 http://www.slideshare.net/ashabook/eis-global-innovation-platform
Smart Green Europe Azamat Abdoullaev 20 April 2015

15. CONTACTS
 Dr Azamat Abdoullaev, Director/I-World Independent Consultant
 "Энциклопедические Интеллектуальные Системы“(Moscow/Russia)
 http://www.slideshare.net/ashabook/eis-ltd
EIS Encyclopedic Intelligent Systems Ltd (EU)
 http://www.slideshare.net/ashabook/eis-limited-28850348
 HTTP://WWW.SLIDESHARE.NET/ASHABOOK/AZAMAT-ABDOULLAEV
Тел.: 456 10 35; 453 26 00; Int.: + 357 99 683 849
 E-mail: smartcity@cytanet.com.cy ontopaedia@gmail.com
 Internet Sites: http://iiisyla.livejournal.com
 http://eu-smartcities.eu/; http://eu-smartcities.eu/commitment/3089
 i-RUSSIA @i_EcoRUSSIA
 http://www.slideshare.net/ashabook/presentations
 http://www.slideshare.net/yearinreview/ashabook/3wUNAg
 EIS ENCYCLOPEDIC INTELLIGENCE PLATFORM:
 http://www.slideshare.net/ashabook/eis-global-innovation-platform
 http://www.slideshare.net/ashabook/encyclopedic-intelligence
http://www.slideshare.net/ashabook/innovation-platform
Smart Green Europe Azamat Abdoullaev 20 April 2015