Tag Archives: economy

Forum.eu – The First Year of The Plague. Where Do We Stand?, March 3d 2021

On Forum.eu. Available as well in French, German, Spanish, Greek and Polish.

Europe and the West have not been able to deliver so far, in contrast to the Chinese, who have been better on this front.

Paul Jorion

Lockdown im Februar 2021. Es gilt weiterhin eine Maskenpflicht.

picture alliance / Daniel Kubirski

The Covid-19 pandemic started over a year ago. Time now for an assessment of how our Western governments reacted to what we more realistically called a plague rather than a crisis in the not so distant past.

Continue reading Forum.eu – The First Year of The Plague. Where Do We Stand?, March 3d 2021

THE WINDOWS MUST REMAIN CLOSED, by François Leclerc

Guest post. Translated from the French by Tim Gupwell

By rejecting the quartet’s plan, (which has, moreover, already been watered-down) before the summit has even been held, the German deputy foreign affairs minister, Michael Link has placed himself in the avant-garde of all those opposing any attempt at a compromise. The “iron chancellor’s” hard-line approach has not changed: political union first, but not yet, and possibly the rest after that. There is a risk that the only thing left of the elaborate construction, already proposed only in its broadest outlines (even for that of the banking union component) is the transfer of Eurozone banking supervision to the ECB. There remains only one way out: an application of the German strategy which is based on a debt reduction of the public sector in priority.

For the summit Angela Merkel is rejecting all the ‘magic formulas’ and seeking to stick to the “strong message” sent out by the growth plan which was decided in Rome and which was immediately dismissed as insignificant. François Hollande will have to content himself with this to make a good impression. “It’s about finding lasting solutions, not quick and easy ones”, she added. “Structural reforms will be at the top of the agenda”, she proclaimed to the Bundestag, as if there still remained any doubts; even if it means making use of the quartet’s document for her own ends.

Continue reading THE WINDOWS MUST REMAIN CLOSED, by François Leclerc

Healthy / destructive system of capitalism (2d version), by Lambert de Haas

Guest post. Taking advantage of my interview with Caroline de Gruyter in NRC Handelsblad, Lambert de Haas has put this all together. He’s expecting your remarks to make further improvements.