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.
It is a sign of their wrong path that party strategists are holding onto the same identity politics they have used since the 1960s to divide Americans into hyphenated special-interest groups.
Que faire face au chômage et à la déflation ? Le gouvernement a choisi de clore tout débat. Pourtant, l’échec des politiques d’austérité en Europe est patent. La politique d’argent facile, menée par les États-Unis, est en train d’aboutir à la même impasse. Alors que l’économie européenne s’enfonce, il est urgent de poser toutes les questions et de rouvrir le débat avec la société.
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.
“It takes a passionate disregard for the truth to suggest that Greece is recovering.” That was my verdict last December upon being asked to comment on Greece’s rumoured recovery. Almost three months later, it is time for an update. The gist of today’s update is depressingly simple: Still, no sign of Greek-covery whatsoever. Indeed, every…
A recovery plan would lead to a better integrated European union, it would be beneficial for all countries, and be an act of solidarity with countries in difficulty; it is based on democracy, stability and cohesiveness. It would substantially contribute to modernising national economies and improving productivity.
Roger Strassburg hatte die Gelegenheit, sich in Berlin mit James Galbraith zu unterhalten. Galbraith war kurz zuvor in Griechenland und traf sich dort mit Yanis Varoufakis und Alexis Tsipras. Seine Erfahrungen in Griechenland, die Gefahren für die Eurozone und transatlantische Missverständnisse sind Thema des Gesprächs.
Pubblichiamo un'anticipazione dal nuovo numero di Le monde diplomatique/il manifesto in uscita il 14 febbraio 2013 con il quotidiano.di Alexis Tsipras, da il manifesto, 6 febbraio 2013Febbraio 1953. La Repubblica federale tedesca (Rft) è schiacciata dal peso del debito pubblico e minaccia di
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.
Iceland won a landmark court case on Monday over its refusal to immediately cover the losses of British and Dutch depositors who lost money in Icesave, a failed Icelandic bank.
The manner in which Aaron had been prosecuted offers a sharp contrast to the manner in which our legal system dealt with corporate America after the 2008 financial crisis, where there were no prosecutions of top corporate figures.
El pánico financiero y la austeridad que impone Alemania le reportan grandes beneficios y favorecen la apuesta de los grandes especuladores contra las deudas soberanas de los países del sur de Europa
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.
The creators of Debtocracy, a documentary with two million views broadcasted from Japan to Latin America, analyze the shifting of state assets to private han...
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.
La crise de la zone euro est une crise bancaire qui a pris la forme d'une série de crises des dettes souveraines. Une crise aggravée par des idées économiques réactionnaires, une architecture défectueuse et un climat politique toxique. (Par James K. Galbraith, économiste, Aurore Lalucq, économiste Institut Veblen)
Die Funktionsfähigkeit westlicher Demokratien wird gegenwärtig ernsthaft auf die Probe gestellt: Kann die ökonomische Krise in einer Art und Weise bewältigt werden, die der Lage der großen Mehrheit der Bevölkerung Rechnung trägt, oder müssen die Interessen der Banken, die die Krise durch ihre verantwortungslose Nutzung der Sekundärmärkte erst auslösten, stets privilegiert werden?
Finance Watch is a public interest association dedicated to making finance work for the good of society. Our mission is to strengthen the voice of society in the reform of financial regulation by conducting citizen advocacy and presenting public interest arguments to lawmakers and the public as a counterweight to the private interest lobbying of the financial industry.
Large banks’ trading advice to its well-heeled hedge-fund customers is a closely guarded secret on Wall Street. But a Goldman Sachs report sheds a rare light on this secretive world.
Contrary, to orthodox “win-win” theory, globalization is a highly asymmetrical phenomenon. Initially, it creates far more producers than consumers. It also results in extraordinary imbalances between nations with current account deficits and surpluses. And it has led to a widening disparity of the returns between labor and capital. Does this mean that globalization is inherently unsustainable? Probably not. But it does mean that the most destabilizing phase of this mega-trend could well be close at hand.
Economist Nouriel Roubini says the risk of a global recession is greater than 50 percent, and the next two to three months will reveal the economy’s direction. In an interview with WSJ’s Simon Constable, Roubini also says he’s putting his money in cash. This is not the time to be in risky assets, he says.
The Justice Department is investigating whether the nation’s largest credit ratings agency, Standard & Poor’s, improperly rated dozens of mortgage securities in the years leading up to the financial crisis, according to two people interviewed by the government and another briefed on such interviews.
Our leaders have asked for “shared sacrifice.” But when they did the asking, they spared me. I checked with my mega-rich friends to learn what pain they were expecting. They, too, were left untouched. (By Warren E. Buffet)
Début septembre 2010, une poignée d'économistes lançaient un manifeste pour dire qu'après la crise, tout ne pourra pas repartir comme avant, qu'on ne pourra pas reprendre les mêmes doctrines et les mêmes fausses évidences.
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.
Die Herabstufung der USA tut der Beliebtheit amerikanischer Staatsanleihen keinen Abbruch. Das zeigt: Size matters. Eine Gemeinschaftsanleihe würde die Bewältigung der Euro-Krise erleichtern. (von Barbara Schäder)
What with the Murdoch scandal, the eurozone problems and ongoing US economic woes, the greedy few have left people disillusioned with our debased democracies. (By Charles Moore)
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“.
A deal to raise the federal debt ceiling is in the works. If it goes through, many commentators will declare that disaster was avoided. But they will be wrong.For the deal itself, given the available information, is a disaster, and not just for President Obama and his party. It will damage an already depressed economy; it will probably make America’s long-run deficit problem worse, not better; and most important, by demonstrating that raw extortion works and carries no political cost, it will take America a long way down the road to banana-republic status. (By Paul Krugman)
K. Busch, M. Flore, H. Kohl, and H. Schlatermund (Eds.) Pontypool, Wales, Merlin Press, (2011)Beitr. aus dem Dt. übers. Originaltitel: Europa in sozialer Schieflage.
R. Lansbury. Journal of Industrial Relations, 51 (5):
599-616(November 2009)The Kingsley Laffer Memorial Lecture, University of Sydney, 16th March, 2009.