asterisk2a + transferunion   13

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
Staatsverschuldung als Problem der Generationengerechtigkeit | Lars P. Feld | SWR Tele-Akademie - YouTube
henry paulson and tim geithner said they are in a moral hazard. put it the way to either nationalise (aka the end of American Dream, Failure part of capitalism) or bailout (gov loans and co like TARP). Rather the moral hazard was to either put current and future unborn generation in debt servitude they had nothing to do with and keep criminals private with all its benefits. Or really give a warning shot a privatise banks and end the profligacy of crony capitalism and Wall Streets shareholder value creation only and profit maximisation - without consequences. // and Europe looks towards USA and did the same; made banks whole again (because they were really - TBTF - and would pushed some EU countries into Great Depression/Insolvency. especially France & Belgium where bank liabilities were too big for public balance sheet) and took some of the debt onto its public balance sheet (and gave bailout loans) to be served by current & future unborn generation.
Generationengerechtigkeit  austerity  bailout  sovereign  debt  crisis  economic  history  Failure  zombie  banks  toobigtofail  TBTF  too  big  to  jail  Wall  Street  crony  capitalism  capitalism  fiscal  policy  academia  academic  moralhazard  morality  American  Dream  GFC  policy  folly  policy  error  World  Bank  IBS  IMF  liberal  economic  reform  neoliberal  neoliberalism  PIIGSFB  PIGS  Greece  Grexit  UK  fiscal  sovereignty  Pact  Schuldenbremse  Career  Politicians  No  Representation  democracy  banking  crisis  history  henrypaulson  timgeithner  benbernanke  Ben  Bernanke  Makers  lobbyist  lobby  Lobbying  ideology  dogma  populism  fairness  manufactured  consent  propaganda  financialcrisis  FinancialCrisisInquiryCommission  media  conglomerate  corporate  state  European  Union  fiscal  transferunion  European  Eurobond  currency  Agenda  2010  hartz-iv  Stability  and  Growth  Pact  generational  conflict  social  tension  social  cohesion  Verteilungskonflikt 
july 2015 by asterisk2a
Greece debt crisis puts Germany's Merkel under pressure - BBC News
Of all of its creditors, Greece owes Germany the most - €68bn (£49bn; $75bn). // should compromise and change Germany internal debate whether we want to see 70% of our money or non at all in case of a Grexit in the next 5 years because Greece can no get back to economic growth and a real nationalistic and populistic elected gov that make Syriza look pale in comparison does elect to exit Euro voluntarily. Short sighted ideological national interest will bring worse than they can imagine - destroying the european dream and damaging europe as a whole as economy long-term (ie deflationary pressures ECB fights with more money, instead with political long-term resolution in the interest of THE EUROPEAN UNION, SOLIDARITY, they already did since GFC with their dither strategy, putting plasters on fault lines. Angela Merkel could have become the true Queen of Europe history would have remembered her. But she can only be national career politician & a lab worker (has science degree).
Career  Politicians  compromise  Grexit  bailout  debt  restructuring  haircut  EFSF  IMF  ECB  ESM  Greece  sustainable  sustainability  economic  history  austerity  national  interest  European  Union  policy  folly  policy  error  Angela  Merkel  Sigmar  Gabriel  Wolfgang  Schäuble  Troika  ChristineLagarde  Eurogroup  MarioDraghi  common  sense  common  good  Great  Depression  lost  decade  lost  generation  zombie  banks  short-term  thinking  short-term  view  ideology  dogma  populism  propaganda  Nationalism  media  conglomerate  Lügenpresse  No  Representation  faultlines  structural  imbalance  GFC  recovery  solidarity  manufactured  consent  corporate  state  Gesellschaft  European  fiscal  transferunion  Eurobond  Leadership  vision 
july 2015 by asterisk2a
Germany won’t spare Greek pain – it has an interest in breaking us | Yanis Varoufakis | Comment is free | The Guardian
Debt restructuring has always been our aim in negotiations – but for some eurozone leaders Grexit is the goal [...] To frame the cynical transfer of irretrievable private losses on to the shoulders of taxpayers as an exercise in “tough love”, record austerity was imposed on Greece, whose national income, in turn – from which new and old debts had to be repaid – diminished by more than a quarter. It takes the mathematical expertise of a smart eight-year-old to know that this process could not end well. [...] In my first week as minister for finance I was visited by Jeroen Dijsselbloem, president of the Eurogroup (the eurozone finance ministers), who put a stark choice to me: accept the bailout’s “logic” and drop any demands for debt restructuring or your loan agreement will “crash” – the unsaid repercussion being that Greece’s banks would be boarded up. [...] Wolfgang Schäuble, decided that Grexit’s costs were a worthwhile “investment” as a way of disciplining France et al,
Yanis  Varoufakis  debt  restructuring  debt  jubilee  Super  Cycle  sustainable  sustainability  Great  Depression  Greece  Grexit  lost  decade  lost  generation  PIGS  Troika  Germany  France  IMF  Angela  Merkel  ChristineLagarde  European  History  Wolfgang  Schäuble  Thomas  Piketty  ECB  MarioDraghi  Leadership  European  Union  Insolvenzverschleppung  insolvent  insolvency  austerity  economic  policy  folly  policy  error  Career  Politicians  No  Representation  dogma  ideology  propaganda  Lügenpresse  bailout  zombie  banks  populism  manufactured  consent  media  conglomerate  corporate  state  Jeroen  Dijsselbloem  Jean-Claude  Juncker  Eurogroup  EFSF  ELA  EuropeanSystemicRiskBoard  systemicrisk  toobigtofail  TBTF  too  big  to  jail  referendum  PIIGSFB  PIIGS  FrancoisHollande  academia  academic  academics  carmenreinhart  kennethlewis  Alexis  Tsipras  Syriza  Wall  Street  crony  capitalism  Podemos  Indignants  Indignados  occupywallstreet  fairness  GFC  recovery  economic  model  trickle-down  economics  economic-thought  shared  economic  interest  profit  maximisation  shareholder  value  economists  economic  damage  short-term  thinking  short-term  view 
july 2015 by asterisk2a
Alexis Tsipras im EU-Parlament: Viel reden, wenig sagen - SPIEGEL ONLINE
bit.ly/1IJwjL7 Greece needs much more time for reform implementation and to get to a stable economy, till it even can be considered debt repayment - even if all creditors block a substantial haircut/debt jubilee - they had (Germany). IF THEY (creditors) can not see a 'common sense' deal through, Greece will have to issue IOU in lieu of Euro paper money for Pensioners, Civil Servants & Contractors or break with ECB and issue unsecured loans to Banks via Bank of Greece. AND/OR as well as probably enact Plan B for a return to the Drachma ( bit.ly/1D16Rus ) AND THEN - Juncker threatens-claims Tsipras to have in-detail Grexit plan ( bit.ly/1gobU36) already. This only speak to the dogma & ideology creditors live in. No willing to compromise for the future of european union and actually use the crisis as an opportunity for more integration and solidarity. A union that Europe needs for its future, existence.
Greece  Grexit  referendum  creditors  IMF  Alexis  Tsipras  Syriza  Germany  EFSF  ECB  MarioDraghi  ChristineLagarde  Troika  Jean-Claude  Juncker  Angela  Merkel  Wolfgang  Schäuble  France  FrancoisHollande  zombie  banks  European  Union  European  History  Career  Politicians  No  Representation  Leadership  compromise  dogma  austerity  ideology  economic  economic  model  academia  political  economy  political  theory  political  error  political  science  political  folly  Governance  solidarity  fiscal  monetary  banking  transferunion  currency 
july 2015 by asterisk2a
Münchau: Merkel zwischen Schuldenkonferenz und Grexit - SPIEGEL ONLINE
[ Groesste feigheit und intelectual cynicism of EU history. "Alternativlos." BIS warned, time was wasted. ] Mit ideologischer Verbohrtheit beharren die Deutschen darauf, dass Griechenland all seine Kredite zurückzahlen muss - was so oder so nicht geschehen wird. Höchste Zeit also für eine Schuldenkonferenz! // Case of history - Treaty of Versailles = Nationalism (Nazi) and Rechtsruck! Happened in Greece and Co. and in Germany. // People learned and after WW2 and came together to give Europe a chance! >> London Debt Agreement (German: Londoner Schuldenabkommen) "An important term of the agreement was that repayments were only due while West Germany ran a trade surplus, and that repayments were limited to 3% of export earnings. This gave Germany’s creditors a powerful incentive to import German goods, assisting reconstruction." - bit.ly/1exF0vY bit.ly/1ep1dvW - also periphery countries like France, Italy, Spain and Portugal were encouraged by Allies not to demand war reparations.
Greece  Grexit  PIIGS  PIGS  sovereign  debt  crisis  debtoverhang  ideology  propaganda  WW1  WW2  Treaty  of  Versailles  debt  jubilee  European  History  London  Agreement  Londoner  Schuldenabkommen  common  good  common  sense  Gesellschaft  dogma  populism  economic  society  austerity  trickle-down  economics  long-term  view  long-term  thinking  solidarity  Angela  Merkel  IMF  Troika  Wolfgang  Schäuble  World  Bank  Jean-Claude  Juncker  ChristineLagarde  academia  academics  sustainable  sustainability  Super  Cycle  debt  restructuring  haircut  debt  bubble  TBTF  too  big  to  jail  toobigtofail  crony  capitalism  Career  Politicians  No  Representation  Leadership  Legacy  vision  European  Union  fiscal  transferunion  Eurobond  lost  decade  lost  generation  GroKo  Sigmar  Gabriel  manufactured  consent  corporate  state  democracy  Lügenpresse  political  theory  political  error  political  economy  political  folly  policy  folly  policy  error  ECB  MarioDraghi  Makers  Great  Depression  GFC  recovery  output  gap  bailout  zombie  banks  banking  EuropeanSystemicRiskBoard  BIS 
july 2015 by asterisk2a
A decade of overspending: how Greece plunged into economic crisis | World news | The Guardian
- Euro brought time of great moderation plus financial engineering with the help of Goldman Sachs to join Euro in the first place. Everyone benefited from lower borrowing costs when within the Euro, because financial markets assumed that there would be a political and fiscal union and eventually a transfer union in the future come high or low. Well, thats called Political Risk and did not materialise, and the GFC came ... and each country and to prop up their banks (transfer debt = risk onto their national balance sheet). Plus falling revenues = ratio shot up. And because of the political turmoil and indecisiveness, markets priced failure into the market. And Greece was the worst affected bc of its underlying fundamentals being the worst.
Greece  economic  history  GoldmanSachs  monetary  union  Europe  Career  Politicians  transferunion  currency  union  European 
july 2015 by asterisk2a
Gregor Gysi, DIE LINKE: »Sie wollen die linke Regierung in Griechenland beseitigen« - YouTube
[ "Alternativlos" & 'Jeder fuer sich selbst.' ] Die Rettungspakete galten nie den Bürgerinnen und Bürgern, sondern immer den Banken. Auch bei uns wurden 480 Milliarden Euro binnen einer Woche für die Rettung der Banken beschlossen. Wenn man mal 1 Million Euro für einen kulturellen oder sozialen Zweck braucht, dann bekommt man ein Nein, aber bei den Banken gibt es immer nur ein Ja. [...] Ich habe Ihnen zugehört, Frau Bundeskanzlerin. Ihre Rede kann ich wie folgt zusammenfassen: Die griechische Regierung hat alles falsch gemacht, und Sie, Herr Schäuble und die europäischen Institutionen, also der Internationale Währungsfonds, die Europäische Kommission und die Europäische Zentralbank, haben alles richtig gemacht. // via bit.ly/1R6V2yA
GroKo  Angela  Merkel  European  Union  bailout  Grexit  PIGS  PIIGS  EFSF  EFSM  ESM  IMF  Germany  Leadership  austerity  ideology  Fiscal  Pact  Schuldenbremse  Wolfgang  Schäuble  Jean-Claude  Juncker  zombie  banks  GFC  sovereign  debt  crisis  democracy  No  Representation  EuropeanSystemicRiskBoard  European  History  Rechtsruck  propaganda  manufactured  consent  Sigmar  Gabriel  solidarity  Gesellschaft  Lügenpresse  investigative  journalism  journalismus  journalism  Syriza  political  economy  political  theory  France  economic  election  campaign  promises  Protest  Partei  Protest  Party  Podemos  Career  Politicians  short-term  thinking  short-term  view  Sozialer  Abstieg  squeezed  middle  class  hartz-iv  welfare  state  Public  Services  Social  Services  fairness  Super  Rich  1%  tax  evasion  tax  avoidance  crony  capitalism  sovereignty  Troika  corporate  state  Toff  Establishment  Privileged  poverty  Gini  coefficient  mobility  UK  ChristineLagarde  political  science  political  error  political  folly  PR  relations  spin  doctor  banking  transferunion  currency  monetary  Eurobond  ECB  MarioDraghi  trichet  compromise  Politics 
july 2015 by asterisk2a
WikiLeaks - Espionnage Élysée - Angela Merkel on Greece and Europe (actions speak louder than words).
Earlier reporting reveals that following talks last week in Berlin with Merkel, Hollande complained that nothing of substance was achieved; it was purely for show. Hollande had found the chancellor fixated on the Fiscal Pact and above all on Greece, on which he claimed she had given up and was unwilling to budge. // Angela (Germany) put(s) national and personal political interests first second third and last .... // symptoms of our time, even politicians jump on "everybody for himself" //
Angela  Merkel  Grexit  Greece  Leadership  PIGS  sovereign  debt  crisis  European  Union  Wolfgang  Schäuble  GroKo  Germany  shared  economic  interest  Career  Politicians  No  Representation  Wall  Street  haircut  Nationalism  political  theory  political  economy  policy  folly  policy  error  short-term  thinking  short-term  view  Legacy  political  error  political  folly  Jean-Claude  Juncker  ECB  MarioDraghi  GFC  bailout  fairness  solidarity  propaganda  populism  Lügenpresse  manufactured  consent  IMF  EFSF  toobigtofail  TBTF  too  big  to  jail  zombie  banks  banking  recovery  economic  history  Sozialer  Abstieg  downward  mobility  Gini  coefficient  inequality  tax  evasion  tax  avoidance  squeezed  middle  class  labour  market  labour  economics  precarious  work  Precariat  liberal  economic  reform  unintended  consequences  unknown  unkown  working  poor  Leiharbeit  Zeitarbeit  Minijob  minimum  wage  living  wage  Aufstocker  hartz-iv  Riester-Rente  Niedriglohn  Niedriglohnsektor  Lohnzurückhaltung  Service  Sector  Jobs  globalisation  globalization  competitiveness  competitive  flat  world  borderless  job  market  job  creation  underemployed  youth  unemployment  lost  decade  lost  generation  monetar 
july 2015 by asterisk2a
Bundesbank questions legality of EU bail-outs - Telegraph
Germany's Bundesbank has issued a blistering critique of EU bail-out policies, warning that the eurozone is drifting towards a debt union without "democratic legitimacy" or treaty backing.

"The latest agreements mean that far-reaching extra risks will be shifted to those countries providing help and to their taxpayers, and entail a large step towards a pooling of risks from particular EMU states with unsound public finances," said the bank's August report.It said an EU summit deal in late July threatens the principle that elected parliaments should control budgets. The Bundesbank said the scheme leaves creditor states with escalating "risks and burdens" yet no means of enforcing fiscal discipline to make this workable.
democracy  deficit  angelamerkel  2011  August  bailout  PIIGS  EFSF  ESM  bundestag  germany  constitution  transferunion  europe  EMU  ECB  badbank 
august 2011 by asterisk2a
Going Dutch – One Possible Solution To the Euro Debt Crisis? by Edward Hugh
While the new higher interest rates won’t have a huge impact in the short term, as existing debt needs to be steadily refinanced the extra cost will simply mount and mount. Which is why the Italian government is in a huge bind. It doesn’t have a debt flow problem, it has a debt stock problem, and as the risk premium charged on Italian debt rises and rises, and as the growth outcomes fail to meet the often optimistic targets, then the snowball of debt steadily slides its way down the mountain side with little the government can do to stop it growing as it moves.

However the present debate about creating Eurobonds is resolved, these alone will not solve the problem at this point, and, as many observers are noting, may even make matters worse by weakening the sovereign credit ratings in the core. In the longer run they could form part of a more general solution, but the moral hazard dimension they entail ...
sovereign  debt  crisis  2011  August  PIIGS  italy  competitiveness  competitive  germany  eurobond  transferunion  europe  Euro  scenario  outlook 
august 2011 by asterisk2a

related tags

1%  Abstieg  academia  academic  academics  Act  Afghanistan  Agenda  Agreement  Alexis  American  and  Angela  angelamerkel  Aufstocker  August  austerity  avoidance  badbank  bailout  bandbank  Bank  banking  banks  Ben  benbernanke  Bernanke  big  BIS  BOE  border  borderless  Brexit  Brussels  bubble  bundestag  campaign  capitalism  Career  carmenreinhart  ChristineLagarde  class  coefficient  cohesion  Commission  common  competitive  competitiveness  compromise  conflict  conglomerate  consent  consequences  conservative  constituency  constitution  contract  control  Corp.  corporate  Corporation  creation  creditor  creditors  crisis  crony  currency  Cycle  damage  debt  debtoverhang  decade  deficit  democracy  Depression  deutschebank  Dijsselbloem  doctor  dogma  downward  Dream  East  ECB  economic  economic-thought  economics  economists  economy  EFSF  EFSM  ELA  election  EMU  Eritrea  error  ESM  Establishment  Euro  eurobond  Eurogroup  europe  European  EuropeanSystemicRiskBoard  evasion  execution  Failure  fairness  faultlines  Fed  Ferguson  financialcrisis  FinancialCrisisInquiryCommission  fiscal  flat  folly  framing  France  FrancoisHollande  Freedom  Gabriel  gap  general  generation  generational  Generationengerechtigkeit  geopolitics  germany  Gesellschaft  GFC  Gini  globalisation  globalization  GoldmanSachs  good  Governance  Great  Greece  Grexit  GroKo  groups  Growth  haircut  hartz-iv  henrypaulson  history  IBS  ideology  imbalance  IMF  immigration  Independence  Indignados  Indignants  inequality  Information  insolvency  insolvent  Insolvenzverschleppung  Integration  interest  investigative  Iraq  italy  jail  Jean-Claude  Jeroen  job  Jobs  journalism  journalismus  jubilee  Juncker  kennethlewis  labour  Leadership  Legacy  Leiharbeit  liberal  Lisbon  living  lobby  Lobbying  lobbyist  Lohnzurückhaltung  London  Londoner  long-term  lost  Lügenpresse  Makers  Mandelson  manufactured  MarioDraghi  market  maximisation  media  Merkel  middle  migration  Minijob  minimum  mission  mobility  model  monetary  moralhazard  morality  national  Nationalism  neoconservatism  neoconservatives  neoliberal  neoliberalism  News  newscorp  Niall  NiallFerguson  Niedriglohn  Niedriglohnsektor  No  occupywallstreet  of  outlook  output  Pact  Parliament  Partei  Party  Peter  PIGS  PIIGS  PIIGSFB  Piketty  Podemos  Point  Polarisation  policy  political  Politicians  Politics  poor  populism  poverty  PR  Precariat  precarious  Privileged  profit  promises  propaganda  Protest  Public  quo  Rechtsextremismus  Rechtsruck  recovery  referendum  reform  reframing  refugee  relations  Representation  restructuring  Rich  Riester-Rente  scenario  Schengen  Schuldenabkommen  Schuldenbremse  Schäuble  science  Scottish  Sector  sense  Service  Services  shared  shareholder  short-term  Sigmar  SNP  social  society  solidarity  sovereign  sovereignty  Sozialer  spin  squeezed  Stability  state  status  Street  structural  Super  sustainability  sustainable  Syria  Syrien  Syriza  systemicrisk  tax  TBTF  tension  theory  thinking  Thomas  timgeithner  Tipping  to  Toff  too  toobigtofail  Tories  transferunion  transparency  Treaty  trichet  trickle-down  Troika  Tsipras  TTIP  Turkey  UK  UKIP  underemployed  unemployment  unintended  union  unknown  unkown  value  Varoufakis  Versailles  Verteilungskonflikt  vested  view  vision  wage  Wall  welfare  Westminster  Wolfgang  work  working  world  WW1  WW2  Yanis  youth  Zeitarbeit  Zivilcourage  Zivilgesellschaft  zombie 

Copy this bookmark:



description:


tags: