Föhrenbergkreis Finanzwirtschaft

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Archive for 21. September 2018

Macron urges EU leaders to stand firm against Theresa May

Posted by hkarner - 21. September 2018

Date: 20-09-2018
Source: The Guardian

French president says EU should resist prime minister’s calls for compromise on Brexit

Emmanuel Macron in Salzburg said blocking any attempt by the UK to pick and choose EU membership had to be the priority.

Emmanuel Macron has appealed to his fellow European leaders to maintain their tough approach to Brexit in response to Theresa May’s demand for compromise and accusations that the French president wants to make Britain suffer.

Macron, who is fighting a rearguard action against the rise of populism in Europe, said blocking any attempt by the UK to pick and choose elements of EU membership had to be the priority in the dying days of the Brexit negotiations.

“May spoke last night,” Macron said of the UK prime minister’s presentation to the leaders in Salzburg. “My first wish is to stay united and to have a common approach, the 27. It is essential. The second thing is that we remain coherent. The solution must be found. The third thing is that we need to have a real retirement agreement by November.” Den Rest des Beitrags lesen »

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Seven in 10′ EU workers in UK would be barred under Brexit proposals

Posted by hkarner - 21. September 2018

Date: 20-09-2018
Source: The Guardian

Most would not meet migration advisory committee’s guidelines in future, says IPPR

Industries most likely to be negatively affected include hotels and restaurants, where an estimated 97% of EU employees would be ineligible, says the IPPR.

The majority of EU workers in the UK would not be eligible to work in the country following Brexit if they were subject to proposals put forward by the government’s chief migration advisers, analysis by a leading leftwing thinktank shows.

EU citizens currently in the UK are expected to be protected under the terms of the UK-EU withdrawal agreement but findings by the Institute for Public Policy Research (IPPR) illustrate how proposals by the Migration Advisory Committee (MAC) will potentially restrict businesses recruiting migrants from the EU in future. Den Rest des Beitrags lesen »

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Japan’s Successful Economic Model

Posted by hkarner - 21. September 2018

Adair Turner, a former chairman of the United Kingdom’s Financial Services Authority and former member of the UK’s Financial Policy Committee, is Chairman of the Institute for New Economic Thinking. His latest book is Between Debt and the Devil.

Japan’s GDP growth lags most other developed economies, and will likely continue to do so as the population slowly declines. But what matters for human welfare is GDP per capita, and on this front, the country excels.

TOKYO – Nearly everyone says that Japan’s economic model has imploded. Since 1991, growth has averaged just 0.9% versus 4.5% over the previous two decades. Slow growth, combined with large fiscal deficits and near zero inflation, has driven government debt from 50% of GDP to 236% of GDP.

Abenomics, the cluster of reforms initiated by Prime Minister Shinzo Abe when he came to power six years ago, promised to get inflation up to 2%. But five years of zero interest rates and massive quantitative easing have failed to achieve this. A fertility rate of 1.4 and near-zero immigration mean that Japan’s workforce could shrink by 28% over the next 50 years, making health care for the elderly unaffordable and dramatically increasing the fiscal deficit, which is already running at 4% of GDP. Den Rest des Beitrags lesen »

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Good Politics, Bad Economics

Posted by hkarner - 21. September 2018

Robert Skidelsky, Professor Emeritus of Political Economy at Warwick University and a fellow of the British Academy in history and economics, is a member of the British House of Lords. The author of a three-volume biography of John Maynard Keynes, he began his political career in the Labour party, became the Conservative Party’s spokesman for Treasury affairs in the House of Lords, and was eventually forced out of the Conservative Party for his opposition to NATO’s intervention in Kosovo in 1999.

Advocates of liberalism find it hard to accept that populist and authoritarian governments could ever formulate sound economic policies, and they often assume that „free markets“ will always provide widespread prosperity and accountability. They’re mistaken on both counts.

LONDON – Bad economics breeds bad politics. The global financial crisis, and the botched recovery thereafter, put wind in the sails of political extremism. Between 2007 and 2016, support for extremist parties in Europe doubled. France’s National Rally (formerly the National Front), Germany’s Alternative für Deutschland (AfD), Italy’s League party, the Freedom Party of Austria (FPÖ), and the Sweden Democrats have all made electoral gains in the past two years. And I haven’t even mentioned Donald Trump or Brexit.

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Post-Truth Germany

Posted by hkarner - 21. September 2018

Date: 20-09-2018
Source: Foreign Affairs By Georg Diez

The Chemnitz Attacks and the Crisis of German Democracy

And if it never happened? Then, of course, nobody is to blame. There is no responsibility, and there are no consequences. The end of a common understanding of what happened is in many ways the end of politics, because to define problems and work on solutions requires common ground. Germany, like the United States, has entered this post-truth hall of mirrors. The stakes are particularly high, because a violent far right is rising, in a country still troubled by its racist and murderous past. The embrace of a discourse of “alternative facts” signals that Germany has moved far from the role it played during the early days of the refugee crisis, as the exception to the rule of resentment.

How did we get here? At the end of August, following the alleged murder of a German citizen by two refugees, a right-wing mob of several thousand people took to the streets in the eastern city of Chemnitz, shouting racist slogans, threatening and chasing refugees (or just about anybody who looked different), and fighting an overwhelmed and outnumbered local police force. The images quickly spread on social media. One video showed a group of a few men first shouting at, and then running after, a man who is seen fleeing across a busy street, avoiding several cars as he speeds along. The German media used the term Hetzjagd, normally applied to the hunting of animals, to describe this scene and others captured during the riots. German Chancellor Angela Merkel used this word, too, in her public statement condemning the violence. Den Rest des Beitrags lesen »

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