Spendere, ma per fare il bene pubblico. Creando valore, e non sottraendolo alla collettività. Guardando al lungo periodo, e non all’immediato: perché gli strumenti per ripensare l’economia sono gli stessi capaci di produrre inclusività, giustizia sociale, attenzione alla diversità. In altre parole, una società migliore.
For the first time in four years, Greece has acquired fresh money from the bond market. But amid explosive demand, and euphoria among investors, a study released by a research centre in Freiburg warns of premature optimism. EurActiv Germany reports.
Following is the unofficial transcript of a FIRST ON CNBC interview with George Soros, Chairman of Soros Fund Management, from the World Economic Forum in Davos. All references must be sourced to CNBC.
The article provides a data-rich analysis of how a banking crisis has morphed into a sovereign debt crisis as the authorities have refused to impose losses on investors in banks in the so-called core Eurozone countries. And as Rosner argues, the current path of denial and delay has increased the eventual costs to Germany and the global economy, with the tab to Germany already €500 billion higher than it would otherwise have been.
ECB president Mario Draghi, however, has outdone himself. Even prior to candidate president François Hollande’s official proposal of a “Growth Compact”, the ECB president took over the initiative by offering his own version to the European Parliament. As could be expected, the ECB’s version of such a “Growth Compact” is based on the idea of structural labour market reforms, thereby making explicit reference to the German Hartz reforms.
Special Issue: Austerity: Making the same mistakes again - Or is this time different? Cambridge Journal of Economics Volume 36 Issue 1 January 2012, Table of Contents — January 2012, 36
par Vicky Skoumbi, rédactrice en chef de la revue αληthεια Au moment où un jeune grec sur deux est au chômage, où 25.000 SDF errent dans les rues de la capitale grecque, où 30% de la population grecque vit sous le seuil de la pauvreté, où 10.000 enfants souffrent de malnutrition à Athènes, où de milliers de familles sont obligées de placer leur enfant pour qu’ils ne crèvent pas de faim et de froid, où les nouveaux pauvres et les réfugiés vivant dans la misère se disputent les poubelles dans les décharges publiques, les ‘sauveurs’ de la Grèce, sous prétexte que les grecs ‘ne font pas assez d’efforts’, imposent un nouveau plan de ‘aide’ qui double la dose létale déjà administrée.
Vicky Skoumbi est rédactrice en chef de la revue grecque de philosophie, psychanalyse et arts Alètheia et co-auteur de l’appel « Sauvons le peuple grec de ses sauveurs ! » paru mardi 21 février dans le quotidien Libération.
En Allemagne comme en Europe, par peur ou égoisme, les électeurs aisés ou âgés préfèrent refuser les investissements socialisés dans l'avenir au profit d'une accumulation financière et d'une obsession monétaire qui visent à assurer l'avenir des retraités et de leurs héritiers.
S&P’s downgrade of a bunch of European sovereigns was no surprise. What was somewhat surprising — and which went unmentioned in almost all the news stories I’ve read — was why S&P has gotten so pessimistic. (Paul Krugman)
The EU’s response to the most serious crisis of our lifetimes is failing. The austerity-only path we have embarked upon is a road to recession with deeper unemployment, welfare losses and increasing social frictions.
If there’s a single word that best describes the rating agency’s decision to downgrade America, it’s chutzpah — traditionally defined by the example of the young man who kills his parents, then pleads for mercy because he’s an orphan.
America’s large budget deficit is, after all, primarily the result of the economic slump that followed the 2008 financial crisis. And S.& P., along with its sister rating agencies, played a major role in causing that crisis, by giving AAA ratings to mortgage-backed assets that have since turned into toxic waste.
The debt agreement should finally make clear to Europeans that Barack Obama is not the progressive President they had hoped for. Instead, writes James K. Galbraith, he is a willful player in the Washington politics game.
Einem heftig im Internet herumgeposteten Essay verdanke ich den Hinweis auf einen ziemlich sensationellen Kommentar von Charles Moore, einer der großen Zentralfiguren der britischen Konservativen. Moore, Reagan-Anhänger der ersten Stunde und der offizielle Biograph von Margaret Thatcher, gesteht hier, dass er beginne, zu denken, „dass die Linke vielleicht doch Recht hat“.