Föhrenbergkreis Finanzwirtschaft

Unkonventionelle Lösungen für eine zukunftsfähige Gesellschaft

Posts Tagged ‘Europe’

The missing link: Technology is revolutionising supply-chain finance

Posted by hkarner - 18. Oktober 2017

Date: 17-10-2017
Source: The Economist

Squeezed suppliers and big corporate buyers stand to benefit

IN 2015 Kiddyum, a small company from Manchester that provides frozen ready-meals for children, won a contract from Sainsbury’s, a big British supermarket chain. Jayne Hynes, the founder, was delighted. But sudden success might have choked Kiddyum’s cashflow. Sainsbury’s pays its suppliers in 60 days; Ms Hynes must pay hers in only 30.

In fact Kiddyum gets its cash within a few days. Once approved by Sainsbury’s, its invoices are loaded onto the supermarket’s supply-chain finance platform, run by PrimeRevenue, an American company. The Royal Bank of Scotland (RBS) picks up the bills, paying Kiddyum early. Kiddyum pays a fee which, Ms Hynes says, is a small fraction of the cost of a normal loan. Sainsbury’s pays RBS when the invoice falls due. Den Rest des Beitrags lesen »

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Regionalismus versus Europa

Posted by hkarner - 18. Oktober 2017

Joschka Fischer was German Foreign Minister and Vice Chancellor from 1998-2005, a term marked by Germany’s strong support for NATO’s intervention in Kosovo in 1999, followed by its opposition to the war in Iraq. Fischer entered electoral politics after participating in the anti-establishment protests of the 1960s and 1970s, and played a key role in founding Germany’s Green Party, which he led for almost two decades.

BERLIN – Europa kommt nicht wirklich zur Ruhe, es ist immer etwas los auf dem alten Kontinent. Im Jahre 2016 hat sich eine demokratische Mehrheit in Großbritannien im Namen der Wiedererlangung ihrer „Souveränität“ für den Sprung von der Klippe entschieden. Es war dies, aus britischer Sicht, eine Entscheidung Vergangenheit gegen Zukunft, gewissermaßen zwischen der Erinnerung an das für das Land glorreiche 19. Jahrhundert gegen das wenig versprechende 21. Jahrhundert. Es ist bis heute nicht klar, wie die Landung nach diesem Sprung ins Dunkle aussehen wird – auch wenn mittlerweile vieles dafür spricht, dass diese Landung hart, sehr hart sogar ausfallen wird. Nun, die „Souveränität“ wird es richten und Flügel verleihen, könnte man als Zyniker dazu nur anmerken! 

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EU Official Sees Trump Team Cooperating Positively on Financial Rules

Posted by hkarner - 17. Oktober 2017

Date: 16-10-2017
Source: The Wall Street Journal

Valdis Dombrovskis sees ‘targeted adjustments,’ not push toward financial sector deregulation

Valdis Dombrovskis, who leads financial-services policy work at the European Union’s executive arm, said fears about President Donald Trump’s financial deregulatory agenda haven’t been realized.

WASHINGTON—European officials see cooperation with the Trump administration on financial sector oversight “developing in a positive way,” according to a top official who met with U.S. regulators on Friday.

European Commission Vice President Valdis Dombrovskis in an interview said European Union fears about President Donald Trump’s financial deregulatory agenda haven’t been realized. Den Rest des Beitrags lesen »

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The Eurozone’s Challenge: Don’t Waste the Recovery

Posted by hkarner - 17. Oktober 2017

Date: 16-10-2017
Source: The Wall Street Journal By Simon Nixon

The bloc’s robust recovery is an opportunity to strengthen its resilience to future shocks—but will governments grasp it?

French President Emmanuel Macron, and German Chancellor Angela Merkel have different priorities when it comes to reforming the eurozone’s architecture.

The International Monetary Fund had a clear message for economic policy makers gathered in Washington for its annual meetings last week: don’t waste a recovery. The global economy is enjoying a robust upswing, so governments should fix the roof while the sun is shining.

It was a message directed particularly at the eurozone. The strength of the currency bloc’s recovery has taken almost everyone by surprise, not least the IMF, which upgraded its forecast for eurozone growth in 2018 by 0.2 percentage point to 2.1% compared with its July forecast, putting it on a par with the U.S. This recovery is both broad-based, spanning all countries and sectors, and well-balanced—with household spending, exports and investment all playing their part. Den Rest des Beitrags lesen »

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A Smarter Approach to Refugees

Posted by hkarner - 11. Oktober 2017

Neven Mimica

Neven Mimica (Croatian)is European Commissioner for International Cooperation and Development.

Christos Stylianides (Greek) is European Commissioner for Humanitarian Aid and Crisis Management.

Meeting refugees’ basic needs – food, shelter, medical care, and safety – is essential. But so is providing the knowledge and tools displaced people need to support themselves and their children in the long term, whether in a new country or the one they fled, should they ever return.

BRUSSELS – In recent years, few issues have generated as much public debate as the plight of refugees. With an unprecedented number of people uprooted by political instability, conflict, or persecution and forced to seek protection beyond their countries’ borders, the inadequacy of international responses has been laid bare.

One central problem with current approaches is that they fail to ensure sustainable futures for refugees. Meeting refugees’ basic needs – food, shelter, medical care, and safety – is essential. But so is providing the knowledge, tools, and opportunities displaced people need to support themselves and their children in countries where they seek asylum, in countries to which they are resettled, or when they return home. Den Rest des Beitrags lesen »

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Taxation Tests European Unity

Posted by hkarner - 7. Oktober 2017

Date: 06-10-2017
Source: The Wall Street Journal

The EU is trying to level the playing field on tax issues, but risks alienating smaller member states

BRUSSELS—The European Union is selling its push to wrest tax revenue from multinational companies as a step toward leveling the corporate playing field across the continent.

But the move risks exacerbating tax disputes among member states, and undermining the bloc’s unity.

The EU in recent years has launched investigations to crack down on what officials say is corporate tax avoidance, abetted by sweetheart deals offered by some countries. The bloc has also proposed new tax legislation, with officials promising that large companies will pay their fair share. Den Rest des Beitrags lesen »

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Can Macron’s „Fire and Fury“ Lead a Renaissance for Europe?

Posted by hkarner - 7. Oktober 2017

Date: 06-10-2017
Source: YaleGlobal

Over the past decade, France as Europe’s third largest economy has not pursued an ambitious agenda as a member of the European Union. Likewise, resistance to political reforms has led to tepid economic growth hovering around 1 percent with only a few countries faring worse. President Emmanuel Macron, rejecting nationalism and embracing the potential of the European Union, may revitalize the French role. “Macron has moved to a dual strategy,” explains François Godement, a senior policy fellow with the European Council on Foreign Relations. “Use European needling to push domestic reforms, leverage these reforms to lobby the entire European Union for deeper integration, and needle Germany in the direction of federal economic governance for Europe.” Moving swiftly, Macron offers numerous policy proposals, pointedly avoiding treaty changes or mutualizing members’ past debts. Critics grumble about a jumble of policies, and Godement concludes that careful diplomacy is required in convincing other EU members, including Germany, that sticking with the status quo, avoiding reforms, will lead to Europe’s failure. – YaleGlobal

Macron, avoiding treaty changes, moves swiftly in proposing reforms to revitalize the European Union and France’s role
François Godement Den Rest des Beitrags lesen »

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The European Union’s Neoliberal Dilemma

Posted by hkarner - 6. Oktober 2017

Date: 05-10-2017
Source: The Wall Street Journal By Simon Nixon

The free flow of capital and people seemed to deliver only winners until the economic crisis revealed competition’s downside in many countries

Those who say the European Union is a neoliberal plot are, of course, largely right. Any single market that allows free movement of capital and people by its very nature pits country against country, region against region and town against town in a competition to attract investment and productive people. The rewards flow to those that offer the best business environment, high-quality infrastructure and the right mix of skills. Those that get it wrong face stagnation or decline.

Until the global financial crisis, the EU’s free movement of capital and people appeared to deliver only winners. Countries in Northern and Western Europe that had plenty of capital benefited from the flow of people to plug gaps in their growing job markets, boosting growth and living standards. And countries in Eastern Europe that had large pools of low-wage workers benefited from the free movement of capital as companies looked to outsource manufacturing. Meanwhile, those countries, primarily in Southern Europe, that weren’t particularly attractive to people or corporate capital were at least able to tap booming financial markets to finance lavish government spending. The result was rising and converging living standards across the EU. Den Rest des Beitrags lesen »

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The Chimera of Franco-German Reform

Posted by hkarner - 5. Oktober 2017

Hans-Helmut KotzHans-Helmut Kotz, Program Director of the SAFE Policy Center at the Goethe University in Frankfurt, is a visiting professor of economics and a resident fellow at the Center for European Studies at Harvard University.

In the past month, European Commission President Jean-Claude Juncker and French President Emmanuel Macron have both unveiled ambitious visions for Europe’s future. But both leaders‘ reform agendas will require the buy-in of a German electorate that is moving in the opposite direction.

CAMBRIDGE – An abiding truth in the United States is that all politics is local. Apparently, the same wisdom can be applied (to some extent) to the European Union, whose agenda ultimately depends on key member states’ national politics.

This is particularly true with respect to eurozone institutions, which almost everyone agrees are in urgent need of reform. Indeed, shoring up the eurozone was the common thread in major speeches by European Commission President Jean-Claude Juncker and French President Emmanuel Macron last month.

In his State of the Union address, Juncker boldly outlined his ambitious vision for Europe’s future. He called on the EU to complete its banking union, establish a European finance ministry (fully integrated into the Commission), and expand the EU-level budget. Den Rest des Beitrags lesen »

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EUROPA IST WIEDER IM GESPRÄCH

Posted by hkarner - 5. Oktober 2017

FURCHE-Kolumne 225 , Wilfried Stadler

Die lange genug aufgeschobene Europa-Diskussion kommt nach der deutschen Wahl wieder in Schwung. Das Gipfeltreffen der Staatschefs im estnischen Tallin signalisierte zumindest die gute Absicht, verloren gegangenes Vertrauen in die Handlungsfähigkeit der Europäischen Union zurück zu erobern. Erfreulicherweise gibt der quer durch Europa spürbare wirtschaftliche Aufschwung den notwendigen Rückenwind. Nachdem es allzu lange im Gerede war, kommt Europa endlich wieder ins Gespräch.

Die Unions-Idee ist noch immer attraktiv – aber ihre Ausstrahlung hat unter den Folgen der Finanz und Euro-Krise Krise gelitten. Erschwerend kommt hinzu, dass das dritte Sonderproblem, die als Folge einer seit Jahrzehnten grundlegend verfehlten Nahost- und Afrikapolitik entstandene Migrationskrise, mit Geld und institutionellen Umbauten allein in überschaubarer Zeit nicht lösbar ist. Die mangelnde Bereitschaft zu solidarischen Lösungen und das Fehlen glaubwürdiger Strategien zur Vermeidung weiterer, unkontrollierter Flüchtlingsströme zerrütteten den Glauben in einen wenigstens minimalen europäischen Zusammenhalt in Zeiten der Bedrängnis. Den Rest des Beitrags lesen »

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