Exports to Germany Much: The French Economic and Finance Minister Christine Lagarde complains that Germany's trade surplus France pity. U.S. Treasury Secretary Geithner sees in the export surpluses of Germany and, above all, China's global trade is a serious problem. They set up, because they are an expression of serious “imbalances” in international trade, damage to the world economy. Readmore…
Too much credit and money for years to provide low interest rates has caused the international credit crisis. From mid 1997 until second quarter of 2010, the U.S. national income rose in real terms by nearly 33 percent, while bank loans rose by 139 percent and the M2 money supply increased by 117 percent. Readmore…
If you want to combat moral hazard, one must either create incentives for greater damage prevention or terminate the bail-outs. The European Council has decided the opposite: an effective cure of the “Stability and Growth Pact,” is waived, and the “bailout” will – be on time – if not modified. Thus, the federal government has given up two goals it had announced in May. Readmore…
“There is no question that the unemployment rate to fluctuate more in Anglo-Saxon countries. Trend in the last 20 years they are in America, but lower than our [...]. Therefore, I would [...] cautious in concluding that we are better. “The financial crisis has turned the world upside down. Readmore…
The German economy expanded in the first half of 2010, unexpectedly strong. This growth will not continue. The economic cycle but still shows a steady upward. Real gross domestic product in 2010 will be a good 3 ΒΌ per cent over the previous year. The economic life of this country is still in the recovery process. Readmore…
Past two decades in the European political debate again and again – especially France – the demand for an “economic government” showed up, but just as regularly as politically unacceptable were pushed aside. In recent months the debate on this subject, however, gained a new intensity and quality. Readmore…
Mr. Henkel, which date is – regardless of chronology – are further forward in the history books: The 15th September 2008 or the 20th October 2009?Hans-Olaf Henkel:, the bankruptcy of Lehman Brothers, and my …… the day of the confession of the Greeks, that the current deficit is not five, but 12. Readmore…
“It makes the poor not rich by the rich poorer.”The festive speeches are kept to the reunification, the reality catches up with the illusions, regional disparities remain. Dominates in a country where equality of the efficiency, are discussions about variants of “justice” on the agenda. No wonder that regional inequalities are high on the political agenda. Readmore…
On 29 September the EU Commission presented its proposals to help strengthen the Stability and Growth Pact should be. The proposals include new regulations and, besides concretions of existing rules and extensions of the SGP, which go beyond the current regulations. The aim of these measures is that in recent years explosive rise in borrowing, and debt ratios back curb and prevent the associated recovery actions for individual member countries or the total of future monetary union. Readmore…
Who The word “chips” think of potato chips that will be remembered with the word “chips” is also on the misconduct of many consumers who use their freedom of choice of food in a way that is not conducive to their health. It would not be surprised if we would soon find other regulations that limit the consumption of potato chips. Readmore…