asterisk2a + commission   48

Keiser Report: Leprechaun Economics (E965) - YouTube
lol! Apple does not have a store in Ireland. Have to drive to Belfast (NI part of UK) to find Apple Store (Genius Bar). But Apple has outsourced (other company) its EU customer service to Ireland. Thus is not a resident, thus no specific law apply to look into their tax affairs.
tax  evasion  avoidance  Ireland  Apple  HMRC  Germany  European  Union  UK  USA  Commission 
september 2016 by asterisk2a
Douglas Murray on Brexit [KCRW] - YouTube
Yes EU is imperfect, partly undemocratic.<< from a writer for The Economist.>> "overrun by immigrants on the dole" is a blatant lie. //
Brexit  European  Union  Brussels  European  Council  European  Commission  immigration  UK  unitedkingdom 
june 2016 by asterisk2a
Aberdeen doctors criticise trauma care plans
from 4 to two post Holyrood election, due to austerity. all the flown via helicopter. // Labour MSP Lewis Macdonald said that meetings were held with staff last week in which it was clear that only sites in Glasgow and Edinburgh were being considered, despite the fact Aberdeen Royal Infirmary had more facilities on a single site than Edinburgh.
Lib Dem MSP Alison McInnes said the SNP must "come clean" on its plans as the electorate deserved to know what they were voting for ahead of the May election.
The Scottish Conservatives have not yet responded.
austerity  NHS  NHS  England  A&E  NHS  Scotland  Holyrood  Westminster  Fiscal  Framework  Devolution  Scotland  Bill  Smith  Commission 
march 2016 by asterisk2a
'Graph of Doom' warning to Highland councillors
deprived areas have low tax base to fund welfare and social care, and w demographic bubble, less income tax receipts. this is a double whammy to fund demand of babyboomers. // In a paper to councillors, officers quote research such as a London borough council's "Graph of Doom" showing the effect of spending cuts on services.
The Highland officials also make reference to political commentators describing a period of "perma-austerity" for local government.
They recommend that the council reviews its priorities.
demographic  bubble  OAP  adult  social  care  deprivation  microeconomic  policy  child  care  education  policy  elderly  care  NHS  sick  population  health  crisis  chronic  diseases  income  tax  receipts  HMRC  austerity  UK  babyboomers  Generationengerechtigkeit  fairness  pension  obligation  Public  Services  Services  secular  stagnation  western  world  Europe  economic  history  Super  Rich  1%  plutocracy  oligarchy  tax  evasion  tax  avoidance  tax  credit  Disabled  vulnerable  welfare  reform  welfare  state  social  safety  net  George  Osborne  David  Cameron  Smith  Commission  Fiscal  Framework  SNP  Nicola  Sturgeon  GP  NHS  Scotland  health  inequality  post  code  lottery  budget  deficit  Council 
march 2016 by asterisk2a
Gesundheit ǀ Na, dann guten Appetit — der Freitag
Gesundheit Rund 100 Wissenschaftler warnen vor Krebsgefahr durch Glyphosat. Die EU-Kommission sollte sich auf das Vorsorgeprinzip berufen und das Herbizid erstmal verbieten [...] Und jetzt haben rund 100 renommierte Wissenschaftler die seitenlangen Beurteilungen auseinandergenommen und reihenweise Fehler aufgedeckt, vor allem bei der Auswertung der Tierversuche mit Mäusen und Ratten. Ihr Urteil deckt sich in vielen Punkten mit dem des deutschen Toxikologen Peter Clausing vom Pestizid-Aktions-Netzwerk PAN Germany, der seine vernichtende Kritik einer Studie der Europäischen Behörde für Lebensmittelsicherheit schon vor Wochen veröffentlicht hatte. Überraschend ist es also nicht, was die Wissenschaftler einwenden.
glyphosate  public  safety  public  health  policy  public  health  prevention  carcinogen  carcinogenic  Monsanto  Protection  Act  Monsanto  European  Commission  lobbyist  lobby  Lobbying  self-regulation  regulation  regulators  revolving  door 
december 2015 by asterisk2a
I didn’t think TTIP could get any scarier, but then I spoke to the EU official in charge of it | Voices | The Independent
[ vis Finance Watch on Facebook ] According to John Hillary, Cecilia Malmström (the European Trade Commissioner) said “I do not take my mandate from the European people”, when she was asked how she could continue her persistent promotion of the TTIP in the face of such massive public opposition.
TTIP  TPP  Career  Politicians  lobbyist  lobby  Lobbying  European  Commission  European  Parliament  No  Representation  democracy  capitalism  crony  capitalism 
october 2015 by asterisk2a
Glyphosat: Bundesinstitut hat falsch informiert | Das Erste
LEAK through Whistleblower! [ Whistleblowing is the act of bringing to light evidence of waste, fraud, abuse, law-breaking, or dangers to public health or safety. bit.ly/1McxupR ] via - on.fb.me/1hXVTRE - Das Politmagazin Fakt hat den Glyphosatbericht veröffentlicht. Der Bericht gilt als Grundlage für die Entscheidung über die Neuzulassung des umstrittenen Ackergifts. Es ist ein Armutszeugnis für die EU-Kommission, dass erst ein Leak die Grundlage für die überfällige öffentliche Diskussion schafft! // Wie gefährlich ist das meist eingesetzte Pflanzengift der Welt Glyphosat? | FAKT | Das Erste - youtu.be/HL_kjRlU95E - Der Unkrautvernichter ist ein Kassenschlager. Die Weltgesundheitsorganisation stuft das Pestizid als "wahrscheinlich krebserregend" ein. Deutsche Behörden sind da weniger kritisch. [ AND AGAIN USING STATISTIC TO GET DESIRED RESULT via BfR ]
Monsanto  Protection  Act  Monsanto  glyphosate  European  Commission  European  Union  WHO  Consumer  Protection  carcinogen  carcinogenic  public  health  herbicide  pesticide  fungicide  GMO  GMO  crop  Career  Politicians  No  Representation  lobbyist  lobby  Lobbying  Whistleblower  courage  civil  courage  Zivilcourage  social  contract  political  theory  corporate  scandal  statistics  medical  profession  medical  research  medical  advances  endotoxin  toxic  toxin  Food  Chain 
october 2015 by asterisk2a
Community mental health services 'getting worse' in some areas of England | Society | The Guardian
[ Cinderella Service, Rationing, and parking on pills ] Survey of 13,000 people cared for outside hospitals finds that 28% rate their experience 5 or lower on scale of 0-10. Mental health services outside hospitals in England have shown “no notable improvement” and in some areas are getting worse, a survey of more than 13,000 people treated and cared for in the community has suggested. [...] The Care Quality Commission (CQC), which regulates such services, said the results, from people cared for and supported in clinics and their own homes, were disappointing. It warned NHS trusts to do more to “get this right”. [...] the not-for-profit social enterprise that runs community mental health services in Hull, scored relatively well. //&! Blog - bit.ly/1oCDBBG & bit.ly/1KpaBYN //&! Can also make complaints via CQC about service provider. - http://www.cqc.org.uk/content/complain-about-service-or-provider
NHS  mental  health  Public  Services  social  care  Services  mental  illness  austerity  2015  GP  Quality  Commission  CQC 
october 2015 by asterisk2a
Steuerdeals: Fiat und Starbucks müssen offenbar zahlen - SPIEGEL ONLINE
[ POSITIONING: all in the name of job creation and prevention of job losses. Playing with fear, spin, pr, polarization, populism, propaganda, corporate media. Policy Makers making policy for capital. // Policy Making for the Super Rich, 1%, vested interest groups. ] Seit Monaten prüft die EU-Kommission dubiose Steuerabsprachen zwischen Konzernen und Mitgliedstaaten. Nun soll offenbar eine erste Entscheidung verkündet werden: Insidern zufolge drohen Starbucks und Fiat hohe Nachzahlungen. [...] Laut Insidern wird die Brüsseler Behörde Steuerabsprachen mit dem italienischen Autohersteller Fiat in Luxemburg und der US-Kaffeehauskette Starbucks in den Niederlanden voraussichtlich als unzulässige Subventionen bewerten. //&! bit.ly/1W4TY0F
corporate  welfare  corporate  scandal  accounting  scandal  tax  evasion  tax  avoidance  shared  economic  interest  budget  deficit  austerity  fairness  Generationengerechtigkeit  crony  capitalism  capitalism  shareholder  value  profit  maximisation  lobbyist  lobby  Lobbying  No  Representation  democracy  morality  sovereign  debt  crisis  bank  bailout  trickle-down  economics  neoliberalism  neoliberal  European  Union  tac  code  corporate  tax  rate  tax  code  Gesellschaft  Wertegesellschaft  ethics  subsidies  subsidizing  corporate  culture  corporate  values  corporate  state  corporate  media  Polarisation  propaganda  populism  PR  spin  doctor  Positioning  Fear  manufactured  consent  globalisation  globalization  exploitation  antitrust  European  Commission  Brussels  transparency  white-collar  crime  injustice  Justice  System  accountability  revolving  door  corruption  bribery  Career  Politicians  Policy  Makers  society  Super  Rich  1%  inequality  Gini  coefficient  corporate  governance  fiduciary  responsibility  Bernie  Sanders  Jeremy  Corbyn  Fiscal  Pact  Schuldenbremse 
october 2015 by asterisk2a
In the loop October 2: Flemish separatism, F1 and the Juncker plan by POLITICO Europe
min 17 - behind-the-scenes fight in the European Parliament over the appointment of top managers for the so-called Juncker Plan: a €315 billion EU investment plan. // threat of White Elephants, roads and bridges to nowhere ... only politicians can put themselves in front of photojournalists for photo op. no productive investments into the future. renewable, smart grid, private public paternerships, carbon emission reduction projects ie urbanisation planning projects to half city traffic and put cycling network in place, and zero emission public transportation, ... --- no accountability, no oversight no transparency. risk of corruption, bribery, dirty handshakes, ...
European  Union  technocrat  bureaucrat  Jean-Claude  Juncker  infrastructure  investment  STEM  Research  R&D  underinvestment  fiscal  policy  Pact  fiscal  stimulus  public  investment  business  investment  Schuldenbremse  Politics  Career  Politicians  No  Representation  Brussels  European  Parliament  European  Election  2014  European  Commission  Eurobond  PIGS  PIIGSFB  Richard  Koo  secular  stagnation  Niall  Ferguson  Germany  Angela  Merkel  Wolfgang  Schäuble  Eurogroup  austerity  Grexit  business  confidence  consumer  confidence  excess  reserves  zombie  banks  zombie  corporations  zombie  consumer  ECB  QE  TLTRO  LTRO  monetary  policy  monetary  transmission  mechanism  monetary  stimulus  liquidity  trap  ZIRP  NIRP  corruption  ideology  dogma  campaign  promises  White  Elephant  productive  investment  productivity  Makers  policy  folly  social  contract  political  theory  accountability  transparency  oversight  2015 
october 2015 by asterisk2a
In the loop August 28: Google, Brexit lobby and Uber's expansion by POLITICO Europe
[My take, for EU to thrive, it needs 2 develop & integrate further the 6 killer apps of western nations history, but they dont do that. quite the opposite especially under pressure situations (refugee crisis response: bit.ly/1KkArk5 Merkel 'this is EU wide problem, not just Germanys') & that is very much something that speaks 4 Brexit as UK has 2 give up further powers & further struggle 2 be just a prosthetics (not even appendage like science can grow an ear on someones arm) 2 Europe, which gives other countries internal nationalism leverage 2 put barriers in way of really putting Europe on the map of the "world economy," developing/advancing the 6 killer apps 4 Europe. Brexit will be part of Merkel's legacy! Verwalten of status quo. No principles. No vision. No mission. No future.] bit.ly/1FW3Qgi // European integration itself is a Moonshot project & it looks like that crisis management leading to political crisis, doesnt help at all putting the rocket together in the first place.
Brexit  lobbyist  lobby  Lobbying  Peter  Mandelson  European  Commission  UK  European  Union  vested  interest  interest  groups  Career  Politicians  Politics  reframing  framing  geopolitics  Tories  Conservative  Party  London  Westminster  constituency  UKIP  general  election  2015  election  campaign  promises  Freedom  of  Information  Act  transparency  democracy  referendum  SNP  Labour  Party  ideology  dogma  austerity  Brussels  Polarisation  manufactured  consent  propaganda  populism  migration  immigration  Scottish  Independence  Scottish  referendum  newscorp  News  Corp.  News  Corporation  No  Representation  social  contract  political  economy  Policy  Makers  Niall  Ferguson  NiallFerguson  European  History  fiscal  Pact  Schuldenbremse  Angela  Merkel  status  quo  Eurobond  transferunion  European  Integration  Lisbon  Treaty  Crisis  Rechtsruck  Rechtsextremismus  political  folly  political  theory  political  science  political  error  short-term  view  short-term  thinking 
september 2015 by asterisk2a
Heads-up, Google: Fighting EU Is Useless - Bloomberg View
That approach was part of a charm offensive. Last year, Google doubled its EU lobbying budget to 3.5 million euros ($3.9 million), according to anti-corruption group Transparency International's Integritywatch.eu site, which aggregates information from official EU disclosures. That isn't much less than Deutsche Bank or ExxonMobil is spending. According to data on the same site, Google has held more meetings with EU officials than any other company since last November -- 32 in all, although only one of these officially had to do with the antitrust case, which has developed since 2010. "We want to do a better job of listening to Europe's concerns and explaining how our business works with Europe," the company said of these efforts.
European  Commission  antitrust  Google  Inc.  Google  Shopping  Google  Search  monopoly  oligopoly  oligopol  Bing  Yahoo!  lobbyist  lobby  Lobbying  Microsoft 
august 2015 by asterisk2a
Mark Blyth Mackenzie Lecture 2015 – Austerity and the Politics of Money - YouTube
too big to bail, thus stick it to the countries individually. // Draghi Put - LTRO, LTRO 2, ELA, what ever it takes, TLTRO, // 5trn (40% of EU GDP) put into banks since the crisis (as of 2013). // NPL (via stress test) - 1.22trn in NPL in EU banking system as of 2013. // TINA - there is no alternative (same with UK budget2015) - bbc.in/1N3hrdu &! Angela Merkel "Alternativlos" // bailed out the assets (income for banks via mortgages, loans, businesses loans and credit lines, insurance policies, 401ks, pension fund contributions) of the top 20-30% of the income distribution. austerity is put on the bottom 70-20% of the income distribution. a bailout not just of the banks, the system, but also the top 20-30%, the Super Rich, 1%, the Establishment, the Privileged, the babyboomers, the pensioners. ... and add QE, you really reflate/bail out the 1% ... 10% ... 20%, their pensions, investments, and so forth. // this was and still is a Class specific Put Option for those with assets!
Mark  Blyth  austerity  bailout  book  GFC  ECB  toobigtofail  TBTF  bank  bailout  too  big  to  bail  sovereign  debt  crisis  PIIGSFB  zombie  banks  ZIRP  NIRP  QE  financial  repression  economic  history  dogma  ideology  crony  capitalism  European  Union  Troika  Eurogroup  NPL  reflate  reflation  unknown  unkown  unintended  consequences  deregulation  self-regulation  regulation  regulators  complexity  oversight  investment  banking  shadow  banking  banking  crisis  financial  literacy  financial  market  financial  crisis  Wolfgang  Schäuble  MarioDraghi  equity  bubble  asset  allocation  distortion  inflation  targeting  inflation  expectation  European  Commission  European  Parliament  Angela  Merkel  GroKo  lenderoflastresort  Germany  banking  EuroFin  IMF  OECD  academia  academics  M3  monetary  policy  monetary  transmission  mechanism  Richard  Koo  debtoverhang  deleveraging  balance  sheet  recession  fiscal  stimulus  fiscal  policy  Pact  Schuldenbremse  spin  doctor  PR  manufactured  consent  propaganda  Lügenpresse  populism  corporate  media  deflationary  deflation  secular  stagnation  debt  monetisation  debt  monetization  Super  Cycle  budget2015  George  Osborne  Tories  Conservative  Party  Generationengerechtigkeit  fairness  No  bubble  asset  bubble  R 
july 2015 by asterisk2a
Deine Rechte sind in diesen Freihandelsabkommen nicht verfügbar [31c3] - YouTube
Wir zeigen, an welchen Stellen sich die Abkommen TTIP und CETA auf Netzpolitik, Datenschutz und Demokratie auswirken können, wie der kreative Protest sich mit digitalen Mitteln organisiert hat und und wie andere Kampagnen von diesen Erfahrungen möglicherweise profitieren können – und selbstverständlich auch, was die nächsten Schritte sein werden.
TTIP  CETA  democracy  No  Representation  Career  Politicians  Wall  Street  Lobbying  lobbyist  lobby  shareholder  value  Europe  USA  profit  maximisation  deregulation  self-regulation  regulators  regulation  Policy  Makers  folly  error  crony  capitalism  ACTA  European  Commission  European  Union  European  Parliament  European  Election  2014 
february 2015 by asterisk2a
BBC News - Chancellor says new Scots powers could result in UK tax competition
The Tory minister was giving evidence to the Treasury select committee which is examining the Smith Commission plan. Mr Osborne said it would be up to Scotland to decide whether to vary future tax rates and therefore spark "competition". He added that Holyrood would bear the consequences of using its new powers. On Thursday the draft Scotland Bill is due to be published. That represents the next stage in a process to send more powers across the border. During the Scottish independence referendum campaign, the Tories, Labour and Liberal Democrats vowed to give greater responsibility to Holyrood if voters said "No". On 18 September, the electorate decided 55% to 45% against change.
tax  code  Scottish  independence  referendum  Scottish  Smith  Commission  UK  Scotland  Devolution  Scotland  Bill  George  Osborne  David  Cameron  Conservative  Party  Liberal  Democrats 
january 2015 by asterisk2a
BND vermutet seit 2005, dass Deutschland Spionageziel für USA war - SPIEGEL ONLINE
https://netzpolitik.org/2014/bnd-dokument-belegt-bundesregierung-weiss-bereits-seit-einem-jahrzehnt-dass-nsa-co-uns-ueberwachen/ - Als die Snowden-Enthüllungen begannen, will die Bundesregierung von nichts gewusst haben. Als das Merkelfone einen konkreten Spionagefall aufdeckte hieß es, man habe sich bisher nicht mit Überwachung durch unsere Freunde beschäftigt. Das konnt eman damals bestenfalls als total naiv bezeichnen oder es entsprach nicht der Wahrheit. Heute berichtet der Spiegel von einem BND-Protokoll, das bereits Anfang 2005 darüber aufklärte, dass auch befreundete und verbündete Nationen uns überwachen [...] Man geht jetzt mit Strafanzeige gegen Whistleblower aus dem eigenen Haus vor, um diejenigen einzuschüchtern und mit Sicherheitsbehörden zu verfolgen, die dazu beitragen, Licht ins Dunkel zu bringen und über diese Vernebelungsaktionen aufzuklären: Regierung plant Strafanzeige gegen unbekannt.
surveillance  state  Orwellian  NSA  GCHQ  Germany  BND  Intelligence  Agency  Angela  Merkel  foreign  relations  diplomacy  foreign  affairs  foreign  policy  Europe  Career  Politicians  compromise  Democratic  Process  democracy  transparency  Political  Governance  accountability  oversight  Bundestag  European  Parliament  European  Commission  CIA  Double  Agent  Whistleblower  investigative  journalism 
november 2014 by asterisk2a
Symantec Uncovers Sophisticated, Stealthy Computer Spying Tool | Re/code
Symantec say they have discovered a sophisticated piece of malware circulating the world that appears to be used for spying at Internet service and telecommunications companies, and was likely created by a government agency. And while its origin is unclear, a short list of capable countries would include the U.S., Israel and China. [...] The quality of Regin’s design and the investment required to create it is such that it was almost certainly made by a nation-state, - https://news.ycombinator.com/item?id=8649402 &! 2 days later - https://firstlook.org/theintercept/2014/11/24/secret-regin-malware-belgacom-nsa-gchq/ "Complex malware known as Regin is the suspected technology behind sophisticated cyberattacks conducted by U.S. and British intelligence agencies on the European Union and a Belgian telecommunications company, according to security industry sources and technical analysis conducted by The Intercept." << NSA/GCHQ not only watch over Angela Merkel's phone.
surveillance  state  Orwellian  cyber  espionage  Act  espionage  corporate  espionage  Stuxnet  Trojan  malware  GCHQ  NSA  Angela  Merkel  Germany  foreign  relations  foreign  affairs  foreign  policy  cablegate  diplomacy  Operation  Socialist  European  Parliament  European  Union  Europe  European  Commission  European  Council  Edward  Snowden  Whistleblower  Regin 
november 2014 by asterisk2a
EU-Kommission entlässt Wissenschaftliche Chefberaterin Anne Glover - SPIEGEL ONLINE
"Ich bedauere sehr, dass die Position des Chief Scientific Adviser des EU-Kommissionspräsidenten offenbar abgeschafft werden soll."
European  Parliament  Europe  STEM  European  Commission  Jean-Claude  Juncker  Career  Politicians  education  policy  Public 
november 2014 by asterisk2a
DasErste.de - Monitor - Freihandelsabkommen TTIP: Angriff auf die Demokratie?
Asbestos is in USA still allowed, but not in schools. _ http://www.dw.de/ttip-serves-the-major-corporations/a-17655221 'TTIP serves the major corporations' The TTIP trade agreement between the US and the EU is continuing to cause a major row in Europe. Economist Christoph Scherrer tells DW that the corporations' right to file lawsuits will be particularly problematic.
TTIP  Freihandelsabkommen  TTIP  Europe  USA  Asbestos  Transatlantic  Trade  and  Investment  Partnership  free  self-regulation  regulators  deregulation  regulation  European  Commission  European  Parliament  Career  Politicians  accountability  oversight  transparency  fracking  Consumer  Protection  governance  public  utility  Wasserprivatisierung  privatisation  public  service  crony  capitalism  corporate  governance  corporatism  democracy  Democratic  Process  Lobbying  lobbyist  lobby  complexity  unintended  consequences  unknown  unknowns 
may 2014 by asterisk2a
Pfizer and AstraZeneca: Deal or no deal | The Economist
IT'S ALL A MATTER OF DEGREE. Degree of vitality, dynamism, plurality & competition further reduced within the pharmaceutical industry in case of a M&A deal. + http://www2.deloitte.com/global/en/pages/mergers-and-acquisitions/articles/growth-through-merger-and-acquisitions.html "M&A deals intended specifically 2 enable growth fail 2 achieve their expressed growth objective." + http://www.entrepreneur.com/article/52090 /// vs. Internal Growth through start-up/entrepreneurial culture within. --->> once you are a public company, your options to facilitate growth are hugely curtailed do to the short-term thinking of money, crony capitalism >> Wall Street. /// http://en.wikipedia.org/wiki/AstraZeneca#Pfizer_takeover_bid + http://www.bbc.co.uk/news/business-27391124 + http://www.bbc.co.uk/news/business-27309851 | BRITISH INTEREST IS & SHOULD BE MARKET PLURALITY. From May 7th. http://bit.ly/QNgGtz - 7 days later http://bit.ly/1k5sGCg | this case; fiduciary responsibility = short-term thinking
market  plurality  Pfizer  AstraZeneca  UK  big  pharma  pharmaceutical  industry  pharma  oligopol  oligopoly  crony  capitalism  corporate  governance  WallStreet  growth  though  acquisition  M&A  mergers  merger  growth  through  merger  Career  Politicians  business  management  short-term  thinking  long-term  thinking  public  policy  antitrust  Competition  collusion  research  medical  research  public  health  policy  trust  trustagent  confidence  Science  R&D  European  Competition  Commission  Europe  regulators  regulation  governance  transparency  accountability  davidcameron  general  election  2015  GeorgeOsborne  Lobbying  lobbyist  lobby  interest  groups  national  interest  job  market  productivity  skill-biased  technological  change  skill  skills  capital  skills  knowledge  worker  White-collar  Blue-collar  Mobile  Creative  Mobile  Creatives  fiduciary  responsibility  greed  stakeholder  shareholder  unknown  unknowns  unintended  consequences  complexity  human  progress  technological  progress  humanity  post-antibiotic  era  external  threats  externalaties  externality 
may 2014 by asterisk2a
What The ECB's "Unprecedented" Forward Guidance Means | Zero Hedge
Europe struck in credit crisis - liquidity trap. & other problems - Politics / Brussels - one to mention. >> "The move clearly marks an innovative step in the ECB's communication and policy strategy for a bank that previously had always refused to pre-commit on interest rates." >> Problem is - ECB will have it hard to maneuver out of the measures, end schemes, etc. "Monetary Policy is no Panacea." Ben Bernanke. + >> http://www.zerohedge.com/news/2013-07-04/diminishing-effects-qe-programs
unemployment  monetary  policy  modern  monetary  theory  Europe  M3  zombie  banks  monetary  transmission  mechanism  banking  crisis  Structural  Impediments  creditcrisis  QE  PIGS  debt  monetisation  imbalance  political  error  creditcrunch  forward  guidance  trustagent  austerity  Taper  greatdepression  zombie  consumer  deleveraging  debt  monetization  balance  sheet  recession  Politics  PIIGSFB  GFC  MarioDraghi  output-gap  European  Commission  Euro  liquidity-trap  Troika  ECB  monetary  system  political  folly  bank  crisis  greatrecession  debtoverhang  OMT  NIRP  communication  trust  economic  history  Super  Cycle  confidence  sovereign  debt  crisis  unconventional  monetary  policy  escape  velocity  ZIRP  PIIGS  Germany 
july 2013 by asterisk2a
What's Next For Portugal? | Zero Hedge
The Portuguese economy cannot afford further delays Under the optimistic scenario forecast by the EU/IMF/ECB Troika, Portuguese debt is still expected to peak at 124% of GDP in 2014. Any delays will likely see this rise quickly, especially with growth already underperforming. Portuguese ten year borrowing costs have already shot up a staggering 1.5% since Gaspar’s resignation, reaching close to 8%. This highlights the fragility of the economic situation. Only a month ago, there was widespread talk of Portugal returning to the markets ahead of schedule – now it is difficult to see how it will exit its bailout programme in spring 2014 without any further assistance (the ECB’s bond buying programme, the OMT, still remains the most likely candidate).
Portugal  debtoverhang  OMT  2013  PIGS  Europe  European  Commission  sovereign  debt  crisis  bail-in  austerity  Troika  PIIGS  greatdepression  ECB  policy  error  greatrecession  policy  folly  bailout 
july 2013 by asterisk2a
IMF Admits Mistakes on Greece Bailout - WSJ.com
"The International Monetary Fund is set to admit to major missteps over the past three years in its handling of the bailout of Greece, the first spark in a debt crisis that spread across Europe." > http://www.zerohedge.com/news/2013-06-05/imf-admits-it-idiot-and-liar "" The greater beneficiary of the 2010 bailout wasn't so much Greece as the wider euro-zone, the document suggested. It described the rescue as a "holding operation" that "gave the euro area time to build a firewall to protect other vulnerable members and averted potentially severe effects on the global economy." "" >> + http://www.spiegel.de/wirtschaft/oecd-und-eu-kommission-gegen-euro-sparpolitik-und-fuer-mehr-inflation-a-903575.html
monetary  policy  Politics  GFC  monetary  theory  Europe  accountability  accounting  European  Commission  GoldmanSachs  Euro  Troika  Brussels  ECB  political  folly  policy  error  greatrecession  policy  folly  debtoverhang  ChristineLagarde  trust  economic  history  fiscal  policy  Debt  Super  Cycle  confidence  political  error  sovereign  crisis  trustagent  austerity  PIIGS  fiscal  theory  greatdepression  balance  sheet  recession  IMF  bailout 
june 2013 by asterisk2a
Wolfgang Münchau über die Pläne für eine Bankenunion - SPIEGEL ONLINE
Die geplante Bankenunion kommt zu spät für die gegenwärtige Krise - denn ohne eine Änderung der EU-Verträge wird sie nicht funktionieren. Der Euro-Zone droht ein Jahrzehnt der Stagnation, weil es für Unternehmen in Südeuropa kaum noch Kredite gibt.
Politics  GFC  Europe  European  Commission  zombie  banks  recapitalisation  New  Normal  liquidity-trap  europeanunion  Troika  banking  union  banking  crisis  ECB  zombie  corporations  political  folly  lostdecade  policy  error  policy  folly  lostgeneration  economic  history  financial  repression  creditcrunch  political  error  sovereign  debt  crisis  EuropeanSystemicRiskBoard  austerity  USA  deleveraging  toobigtofail  systemicrisk  Richardkoo  Japan  balance  sheet  recession 
may 2013 by asterisk2a
Krisenländer: Barroso fordert eine Lockerung der Sparpolitik - SPIEGEL ONLINE
Der britische Ökonom Simon Wren-Lewis hat vor einiger Zeit eine sehr hilfreiche Analyse veröffentlicht. Er vergleicht dabei die sogenannten strukturellen Primärüberschüsse. Das Wort "strukturell" meint hier, dass man den Konjunkturzyklus berücksichtigt. Das Wort "primär" bedeutet, dass man die Haushaltsbilanz vor der Zahlung von Zinsen betrachtet. Das tut man, weil man damit den Teil der Haushaltspolitik isoliert, auf den die Politik Einfluss hat. Der Euro-Raum insgesamt hat einen strukturellen Primärüberschuss von 2,2 Prozent der Wirtschaftsleistung, was angesichts der Rezession außerordentlich viel ist. Wren-Lewis errechnete dann, wie hoch eine optimale strukturelle Primärbilanz für den langfristigen Schuldenabbau momentan wäre. Das Ergebnis: ein Überschuss von nur 0,3 Prozent.
academics  Barroso  Europe  European  Commission  academia  Kenneth  Rogoff  Troika  carmenreinhart  political  folly  macroeconomics  policy  folly  Simon  Wren-Lewis  macroeconomic  policy  political  theory  economic  history  fiscal  policy  PIGS  UK  KennethRogoff  Schuldenbremse  error  austerity  Carmen  Reinhart  PIIGS  fiscal  theory  Germany  IMF 
april 2013 by asterisk2a
More Children in Greece Start to Go Hungry - NYTimes.com
Last year, an estimated 10 percent of Greek elementary and middle school students suffered from what public health professionals call “food insecurity,” ... “When it comes to food insecurity, Greece has now fallen to the level of some African countries,” she said.
angelamerkel  Greece  2013  Politics  lostgeneration  human  tragedy  Europe  European  Commission  Policy  Error  austerity  Troika  greatdepression  political  folly  lostdecade  IMF  folly 
april 2013 by asterisk2a
IMF Warns Spanish Debt-Load Is Unsustainable | Zero Hedge
The IMF warns Spain "will need to undertake unprecedented fiscal efforts to bring their debt ratios to traditional norms," as most countries have never experienced debt levels similar to current ones; and seemed to think a debt restructuring is more likely and will "entail substantial and long-lasting economic and social costs."
2013  lostgeneration  Spain  deposit  haircut  economic  history  haircut  European  Commission  sovereign  debt  crisis  austerity  Troika  greatdepression  debt  restructuring  deposit  levy  lostdecade  greatrecession  IMF 
april 2013 by asterisk2a
Umfrage im Mittelstand: Deutsche Unternehmer schreiben Euro-Zone ab - SPIEGEL ONLINE
Unternehmer als Wachstumskritiker Deutschlands Mittelständler zeigen sich in der Umfrage sogar als Wachstumskritiker. 88 Prozent unterschrieben die Aussage, die deutsche Volkswirtschaft müsse sich auf Grenzen des Wachstums einstellen. Nach Ansicht der Commerzbank-Analystin Ulrike Rondorf spiegelt sich darin auch die derzeitige Kapitalismusdebatte. "Ich denke, dass diese Einschätzung der Unternehmer der breiten Öffentlichkeit entspricht, die ein Streben nach höherem Wachstum und Gewinnen ablehnt." > but without growth, you can't serve existing debt burden.
academics  Politics  GFC  Europe  academia  European  Commission  fault  lines  Troika  Structural  Impediments  greatrecession  policy  folly  debtoverhang  2013  economic  history  PIGS  imbalance  debt  bubble  sovereign  debt  crisis  Error  austerity  PIIGS  greatdepression  economic-thought  deleveraging  global  imbalances  mittelstand  Germany  faultlines  balance  sheet  recession  IMF 
april 2013 by asterisk2a
BBC News - Cost of Cyprus bailout 'rises to 23bn euros'
The original cost of the bailout was put at 17.5bn euros. But the new total, disclosed in a document seen by news agencies, means Cyprus will have to find 13bn euros to secure 10bn euros from the European Union and the IMF. Previously it was thought that Cyprus would have to raise 7.5bn euros.
bail-in  austerity  Troika  ECB  Cyprus  European  Commission  IMF 
april 2013 by asterisk2a
Cyprus Suspends Probe Into Who Withdrew Money Early | Zero Hedge
In a day full of stunners, we next get news from Cyprus, where a few weeks after the start of the "investigation" into who pulled their cash out of the country's doomed banking system in advance of the confiscation news on March 16 (and where even the current president was implicated in transferring over €20 milion in family money to London) the parliamentary committee tasked with tracking down the leaks, has suspended its probe. >> + http://www.zerohedge.com/news/2013-04-10/here-we-go-cyprus-sell-%E2%82%AC400-million-gold-finance-part-its-bailout http://www.zerohedge.com/news/2013-04-10/europe-extends-confiscatory-non-template-template-interbank-deposits >> + in reality plans continue to push ahead to indeed 'legalize' bail-in template from Cyprus
Politics  deposit  haircut  capital  controls  Europe  haircut  accountability  European  Commission  transparency  Troika  banking  crisis  ECB  Cyprus  bankrun  deposit  levy  bank  crisis  trust  economic  history  PIGS  confidence  Laiki  sovereign  debt  crisis  trustagent  bail-in  offshore  banking  austerity  capital  flight  PIIGS  corruption  of  Cyprus  IMF 
april 2013 by asterisk2a
Keep A Close Eye On This FX Pair | Zero Hedge
Wondering why the Euro is losing steam so quickly this morning after the Eurogroup 'saved' Cyprus? Perhaps this FX cross is the reason... >> unintended consequences :: Russian Oligarchs pulling money out of Europe.   Perhaps this is why Italian and Spanish financials and bonds are weaker... >> http://www.zerohedge.com/news/2013-03-25/european-markets-sliding-fast >> http://www.zerohedge.com/news/2013-03-25/word-out-place-sends-europe-tumbling "" accounts with more than 100,000 euros, face losses of 4.2 billion euros. "" And now, the scramble to pull uninsured deposits out of banks everywhere begins. "" !!!
Laiki  ESM  EFSF  trust  bank  restructuring  haircut  confidence  unintended  consequences  European  Commission  zombie  banks  trustagent  bail-in  Troika  ELA  ECB  restructuring  Cyprus  of  Cyprus  bank  crisis  toobigtofail  Russia  zombi  banks  bailout 
march 2013 by asterisk2a
Audioboo / What are the implications of the Cyprus deal?
http://www.zerohedge.com/news/2013-03-25/think-tank-cyprus-saved-what-cost Laiki bank will be fully resolved – it will be split into a good bank and bad bank. The good bank will merge with the Bank of Cyprus (which will also take on Laiki’s circa €8bn Emergency Liquidity Assistance – a last-resort funding system outside the usual ECB operations). The bad bank will be wound down over time with all uninsured depositors (over €100,000) taking significant losses (no percentage yet but some could lose all their money above the threshold). >> Germany has made it clear that it is no longer willing to foot the bill for extensive bailouts without the recipient country taking a share of the burden and making some radical changes.
angelamerkel  Wolfgang  Schäuble  Europe  unintended  consequences  taxevasion  European  Commission  Laiki  Bank  sovereign  debt  crisis  bail-in  offshore  banking  Troika  ELA  banking  crisis  ECB  Cyprus  crisis  Bank  of  Cyprus  Germany  democracy  bailout  IMF 
march 2013 by asterisk2a
Zypern-Krise: Merkel erhöht den Druck - SPIEGEL ONLINE
Den findet die Bundesregierung inakzeptabel, genau wie wohl auch die Troika aus EU-Kommission, Europäischer Zentralbank (EZB) und Internationalem Währungsfonds (IWF). Und jetzt? "Ich wünsche mir nicht, dass es zu einem Crash kommt", wird die Kanzlerin bei den Liberalen zitiert. Das darf man glauben, Merkel hat immer vor Dominoeffekten in der Euro-Zone im Falle einer Staatspleite gewarnt. Und doch: Ausgeschlossen wird ein Zypern-Bankrott in der Koalition nicht mehr. http://www.spiegel.de/wirtschaft/soziales/zypern-vier-szenarien-von-kompromiss-bis-staatspleite-a-890419.html
ESM  angelamerkel  Politics  European  Commission  Policy  Error  Troika  ECB  Cyprus  political  folly  Germany  bailout  IMF  folly 
march 2013 by asterisk2a

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