Föhrenbergkreis Finanzwirtschaft

Unkonventionelle Lösungen für eine zukunftsfähige Gesellschaft

Posts Tagged ‘Barbieri’

Europe’s Hamilton Moment

Posted by hkarner - 28. Juli 2017

Essential for the understanding of „no-bail-out“. (hfk)

Date: 27-07-2017
Source: Foreign Affairs By Pierpaolo Barbieri and Shahin Vallée

A New Kind of Federalism for the Continent

Until recently, and with barely concealed anticipation in the Anglo-American press, it was fashionable to speculate about the imminent collapse of the euro. The idea of an impending implosion is not new; it has been floating around ever since the continent moved toward a single currency. It grew more common during Europe’s debt crisis; in 2011, for instance, analysts routinely speculated about whether Greece or Italy would suddenly be forced out of the eurozone. “Grexit” and other such departures failed to materialize, yet the idea of impending demise persisted. During the Brexit referendum campaign, talk of it reached fever pitch, especially once the result became clear. As the British prime minister improvised an exit, morning newspapers far and wide speculated about “Nexit” and “Frexit.”

History, however, moved in a different direction. In fact, ever since Brexit and the election of Donald Trump as U.S. president, a reverse domino effect has guided European politics. From small countries such as Austria and the Netherlands to behemoths such as France and Germany, anti-European populism has not translated into governments eager to follow the United Kingdom out of the EU or Trump into isolationism. On the contrary. Especially after the landmark election of Emmanuel Macron in France, a newfound enthusiasm for reform has dawned in European capitals. Den Rest des Beitrags lesen »

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Europe’s Reverse Domino Effect

Posted by hkarner - 20. März 2017

At last a sober realistic view – instead of all the  panicking! (hfk)

Date: 19-03-2017
Source: www.foreignaffairs.com

No One Is Following Britain Out of the EU
By Pierpaolo Barbieri

Following France’s 1954 humiliation at the hands of the Viet Minh at Dien Bien Phu, U.S. President Dwight D. Eisenhower divined the phrase “domino effect” to suggest that the victory of communist guerrillas would lead to a cascade of parallel events elsewhere: “You have a row of dominos set up,” Eisenhower said. “You knock over the first one. … What will happen to the last one is the certainty that it will go over very quickly.” Ike’s idea caught on; the “domino” concept was applied to everything from the Cuban Revolution to the Prague Spring.

Most recently, the prospect of a domino effect was a staple of discussions of the British referendum on EU membership. In this case, a first-mover (the United Kingdom) would trigger the implosion of the EU by daring to exit first. It would be swiftly followed by others eager to free themselves from the shackles of transnational regulators and their world-leading single market. Den Rest des Beitrags lesen »

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