Föhrenbergkreis Finanzwirtschaft

Unkonventionelle Lösungen für eine zukunftsfähige Gesellschaft

Posts Tagged ‘Europe’

Posted by hkarner - 31. März 2020

Date: 31‑03‑2020

Source: Project Syndicate by Alex Soros

Subject: The Spirit of Milan

Alex Soros is the founder of the Alexander Soros Foundation, which recognizes environmental defenders with an annual prize. 

The COVID‑19 crisis has given the European Union an opportunity to honor its high‑flown talk of values and rights, and assert itself as a global leader. To seize it, the EU and its member states must demonstrate much greater solidarity, not least toward Italy, than they have so far.

NEW YORK – The headlines are horrifying. Shortages of vital equipment forcing doctors to make battlefield decisions about who lives and who dies. Long lines of sick people waiting in vain for a test or a hospital bed. Empty businesses, stores, bars, and restaurants bringing local economies the world over to a grinding halt. And a grim accounting of which countres are hardest hit by the COVID‑19 coronavirus, with the United States now surging ahead – recording nearly 61,000 more confirmed cases than China, home to the original outbreak.

In Europe, the pandemic has hit especially hard in Italy, which has been on national lockdown since March 9 in an attempt to slow the spread of the virus. As of March 30, Italy has reported nearly 98,000 confirmed cases of COVID‑19. More than 10,700 Italians, mostly in the northern Lombardy region, have died of the disease so far. Milan, the regional capital, is more than a mainstay of Italy’s economy. The once bustling city is inextricably linked to the European project and is a crucial driver of the European economy as a whole. 

Yet, as the death toll rises and the region sees transmission rates higher than anywhere else on the continent, the European Union and its member states have been slow to step up in any meaningful way and show solidarity with their ailing neighbor. Instead, EU member states have closed borders and turned inward. Italy’s plight was made worse by the border closures, which cut off much‑needed supplies and medical equipment.

Den Rest des Beitrags lesen »

Posted in Artikel | Verschlagwortet mit: , , , , | Leave a Comment »

Europe (and yes, that includes Britain) can still be a superpower

Posted by hkarner - 6. März 2020

Date: 05‑03‑2020

Source: The Guardian by Timothy Garton Ash

Timothy Garton Ash

The key to European power projection isn’t institutional reform, it’s a shift in attitude and a willingness to cooperate

As a European leader once remarked, Europe should be a superpower, not a superstate. Faced with an increasingly powerful and authoritarian China, global heating, the challenge of AI, not to mention an aggressive Russia, chaotic Middle East and Trumpian United States, this argument is more compelling than ever.

In a world of giants, you need to be a giant yourself. If we Europeans don’t hang together, we will hang separately.

Most Europeans agree with this simple proposition. Indeed, this is one of the big things they want the European Union to do. But is Europe up to the job? The answer is not a simple yes or no. It depends what dimension of power we are talking about. In trade negotiations, the EU, which represents the biggest and richest multinational single market in the world through a single negotiator, is already a superpower. It has made trade deals with major economies, such as Canada and Japan, of which Brexit Britain can only dream.

I don’t think it’s likely Europe will get its act together in this way. My point is that it is still possible Den Rest des Beitrags lesen »

Posted in Artikel | Verschlagwortet mit: , , | Leave a Comment »

A European Strategy Is Missing in Action

Posted by hkarner - 4. März 2020

Date: 02‑03‑2020

Source: Project Syndicate by Ana Palacio

Ana Palacio is former Minister of Foreign Affairs of Spain and former Senior Vice President and General Counsel of the World Bank Group. She is a visiting lecturer at Georgetown University. 

While the single market is a valuable asset, it cannot be Europe’s sole frame of reference. To become an effective strategic actor, the EU must make the most of all of the tools at its disposal, and that requires developing a compelling strategic vision and engaging in effective longer‑term planning.

MADRID – Each February, the Munich Security Conference offers an opportunity to take the temperature of international affairs, especially transatlantic relations. This year’s results are far from encouraging. Speeches and conversations highlighted, yet again, the widening divide between the United States and Europe, even as they pointed to a shared preoccupation with China. Perhaps more consequentially, they highlighted the world’s return to great‑power competition – and Europe’s utter lack of any actionable strategy for navigating it. Den Rest des Beitrags lesen »

Posted in Artikel | Verschlagwortet mit: , , , | Leave a Comment »

Are there too many central bankers?

Posted by hkarner - 23. Februar 2020

Date: 22‑02‑2020

Source: The Economist

Euro‑area banks look especially flabby

Central bankers around the world have long pondered the causes of a slowdown in productivity. Might they be part of the problem? Many national central banks in the euro area have shed staff in the two decades since they ceded many of their responsibilities to the ecb.

Yet they still look flabby: the central banks of Germany, France and Italy have many more employees than the Bank of England, whose duties have grown over the same period.

In their defence the Europeans could point to the payroll of America’s Federal Reserve system. Its Board of Governors in Washington, dc, where most responsibility resides, had about 2,800 employees at the last count. But its network of less important reserve banks had another 19,500 Den Rest des Beitrags lesen »

Posted in Artikel | Verschlagwortet mit: , , | Leave a Comment »

Artificial intelligence: How is the EU planning to make up ground on US and Chinese firms?

Posted by hkarner - 21. Februar 2020

Date: 20‑02‑2020

Source: Euronews

President of the European Commission Ursula von der Leyen at the AI Xperience Center in Brussels

After much brainstorming, the EU has unveiled how it plans to catch the US and China when it comes to artificial intelligence (AI).

Ursula von der Leyen, announcing the new strategy, said AI could be hugely lucrative but that it came with key risks.

Here we take a look at what Brussels wants to do, why and what critics think of the plan.

What is artificial intelligence?Artificial intelligence sees machines use intelligence typically associated with humans, such as learning from mistakes and adjusting to new inputs. Den Rest des Beitrags lesen »

Posted in Artikel | Verschlagwortet mit: , , | Leave a Comment »

Brexit: Britain and EU ‚will rip each other apart‘ in trade talks

Posted by hkarner - 18. Februar 2020

Date: 17‑02‑2020

Source: The Guardian

French foreign minister says it will be hard for UK to strike deal by end of year given differences

Britain and the European Union are going to rip each other apart in talks over a future trade deal, the French foreign minister, Jean‑Yves Le Drian, has predicted, while also holding out hope that UK defence co‑operation with Europe will continue. 

Speaking at the Munich security forum, he added it would be tough for Britain to achieve its aim of a free trade deal by the end of the year given the differences between the two sides. 

Le Drian said: “I think on trade issues and the mechanism for future relations, which we are going to start on, we are going to rip each each other apart.” Den Rest des Beitrags lesen »

Posted in Artikel | Verschlagwortet mit: , , | Leave a Comment »

Make Europe Boring Again!

Posted by hkarner - 17. Februar 2020

Date: 13‑02‑2020

Source: The Economist: Charlemagne

The EU celebrates an outbreak of dull stability by having petty rows

For much of the past decade, if you asked a Eurocrat: “What’s on your mind?”, the response was usually dramatic. At the start of the decade the euro teetered on the edge of collapse. In the middle of it, Greece came close to being kicked out. A crisis flared when nearly 3m asylum‑seekers arrived from Syria and other troublespots. Shortly after that, Britain, then the eu’s second‑largest economy, voted to leave without a serious plan for doing so. Meanwhile, populists from across the spectrum itched to upturn the comfy order that those in Brussels were attempting to build. In short, life in Brussels was exciting. For years, officials had treated the city like a visit to a proctologist: necessary but disagreeable. Suddenly, the eu’s de facto capital became like a political rollercoaster—terrifying, but strangely thrilling, too.

Those days are over. Brussels has become reassuringly dull again. Ask a passing Eurocrat what’s up and the answer is prosaic: haggling over the eu’s budget. When eu leaders next visit Brussels on February 20th, it will be to discuss the bloc’s spending. Britain’s departure has left a hole of €60bn in the eu’s funding. Spread over seven years and between 27 countries, the sum becomes easier to swallow. The upshot is that, to keep spending roughly the same, eu countries are being asked to cough up between 1% and 1.1% of gross national income—only a whisker more than last year.

To spice things up, diplomats from both ends of the debate are behaving as if a gap of 0.1% of their income—the equivalent of a cold snap in winter or a few wet weeks in summer—is a fiscal Mariana Trench. A hard‑core gang consisting of the Netherlands, Denmark, Sweden and Austria have demanded that the eu spend no more than 1% of its members’ gni. Another group, led by those countries from central and eastern Europe that gorge on handouts from Brussels, are refusing to sign off on anything so paltry as a budget of 1%. “They want the till to open!” despaired one diplomat from the tightwad camp. With no agreement in sight, leaders from 27 member‑states will spend at least two days arguing over a pitiful amount of money, like monks having a punch‑up over the number of angels dancing on the head of a pin. Den Rest des Beitrags lesen »

Posted in Artikel | Verschlagwortet mit: , | Leave a Comment »

Europe Must Recognize China for What It Is

Posted by hkarner - 13. Februar 2020

Date: 11‑02‑2020

Source: Project Syndicate by George Soros

George Soros is Chairman of Soros Fund Management and the Open Society Foundations. A pioneer of the hedge‑fund industry, he is the author of many books, including The Alchemy of Finance, The New Paradigm for Financial Markets: The Credit Crisis of 2008 and What it Means, and The Tragedy of the European Union: Disintegration or Revival? His most recent book is In Defense of Open Society (Public Affairs, 2019). 

Chinese President Xi Jinping will meet the heads of state and government of the 27 EU member states at the EU‑China summit in Leipzig in September. Europeans need to understand that they will hand him a much‑needed political victory unless he is held accountable for his failure to uphold human rights, particularly in Tibet, Xinjiang, and Hong Kong.

MUNICH – Neither the European public nor European political and business leaders fully understand the threat presented by Xi Jinping’s China. Although Xi is a dictator who is using cutting‑edge technology in an effort to impose total control on Chinese society, Europeans regard China primarily as an important business partner. They fail to appreciate that since Xi became president and General Secretary of the Communist Party of China (CPC), he has established a regime whose guiding principles are diametrically opposed to the values on which the European Union was founded.

The rush to embrace Xi is greater in Britain, which is in the process of separating itself from the EU, than in the EU itself. Prime Minister Boris Johnson wants to distance the United Kingdom from the EU as much as possible and to build a free‑market economy that is unconstrained by EU regulations. He is unlikely to succeed, because the EU is prepared to take countermeasures against the type of deregulation that Johnson’s government seems to have in mind. But in the meantime, Britain is eyeing China as a potential partner, in the hope of reestablishing the partnership that former Chancellor of the Exchequer George Osborne was building between 2010 and 2016. Den Rest des Beitrags lesen »

Posted in Artikel | Verschlagwortet mit: , , , , | Leave a Comment »

Die Macht Europas nutzen

Posted by hkarner - 10. Februar 2020

Josep Borrell

Josep Borrell is EU High Representative for Foreign Affairs and Security Policy and a vice president of the European Commission.

BRÜSSEL – Angesichts der geopolitischen Umwälzungen, die wir gegenwärtig erleben, ist es für die Europäische Union umso dringlicher, ihren Platz in einer Welt zu finden, die zunehmend von reiner Machtpolitik bestimmt ist. 

Dies ist eine Welt des geostrategischen Wettbewerbs, in der einige führende Politiker nicht davor zurückschrecken, Gewalt einzusetzen, und in der wirtschaftliche und andere Instrumente zu Waffen werden. Wir Europäer und Europäerinnen müssen unsere geistigen Landkarten anpassen, um mit der Welt so umzugehen, wie sie ist, und nicht so, wie wir sie uns erhofft hatten. Um zu vermeiden, dass wir zu den Verlierern des Wettbewerbs zwischen den USA und China werden, müssen wir die Sprache der Macht neu erlernen und uns selbst als geostrategischen Akteur der obersten Kategorie begreifen.Es mag zunächst schwierig erscheinen, sich dieser Herausforderung zu stellen. Die EU wurde schließlich gegründet, um die Machtpolitik abzuschaffen. Sie hat für Frieden und Rechtsstaatlichkeit gesorgt, indem sie die Hard Power von der Wirtschaft, der Regelsetzung und der Soft Power getrennt hat. Wir waren davon ausgegangen, dass Multilateralismus, Öffnung und Gegenseitigkeit nicht nur für unseren Kontinent, sondern auch für die Welt insgesamt das beste Modell sei. Den Rest des Beitrags lesen »

Posted in Artikel | Verschlagwortet mit: , , | Leave a Comment »

Europe Lives On

Posted by hkarner - 9. Februar 2020

Date: 07‑02‑2020

Source: Project Syndicate by Bernard‑Henri Lévy

Bernard‑Henri Lévy is one of the founders of the “Nouveaux Philosophes” (New Philosophers) movement. His books include Left in Dark Times: A Stand Against the New Barbarism, American Vertigo: Traveling America in the Footsteps of Tocqueville, and most recently, The Empire and the Five Kings.

 There is no denying that the United Kingdom’s withdrawal from the European Union represents a loss for all involved, and strikes a blow against the very idea of Europe. But while Britain has left Europe, Europeans should not abandon the British legacy – particularly the deep, historical commitment to liberalism.

PARIS – Brexit is a disaster for the United Kingdom. Given the risk that it will now lose Scotland and Northern Ireland to secession, the country seems to have accepted the idea of Great Britain turning back into “Little England.” Britain is that rare lion that chooses to become as small as a mouse.

 To be sure, saving the English realm is all the Brexiteers ever cared about. But what sort of realm has a prime minister who lies to its queen, as Boris Johnson did when he suspended Parliament last year? Through it all, the Brexiteers have exalted the British Empire and Winston Churchill. Yet they have forgotten Karl Marx, an earlier wanderer of the London streets who warned that history eventually repeats itself as farce. With Johnson in power, the UK is governed by a pantomime Churchill. Rather than an exponent of courage, it has the Prince of Cynicism – a scruffy knock‑off who adapts his opinions to whatever is politically expedient. Den Rest des Beitrags lesen »

Posted in Artikel | Verschlagwortet mit: , , , | Leave a Comment »