After the European Council in December 1989 had agreed in principle, the European Monetary Union began, in a long tug of war of the Intergovernmental Conference on the future shape of the European Central Bank. The French President Mitterand and his finance minister Bérégévoy reluctant to German concept of a European Central Bank, which should be as independent as the German Bundesbank. Readmore…
Archive for February, 2012
Exciting Weeks behind us and probably before. The current status of the national debt of some € states still poses threats to the common currency and for the European Union. That there are no alternatives to the rescue programs and lever-supported fund would be temporary and permanent nature, may be doubted. Readmore…
The turncoats of the CDU
minimum wages rather than market economy
February 27th, 2012
“minimum wages remain maximal nonsense, because they threaten jobs.”The times are turbulent, volatile, opinions, opportunistic politicians. What was true yesterday may now be wrong, and vice versa. But there are also things that never change. This includes, in market economies, that the use of work must be expected to private companies. Readmore…
Guest Post:
option north-EURO
February 26th, 2012
One Emnid survey found that 50% wish the Germans back to the old German mark. How realistic a German withdrawal from the monetary union and the introduction of a new Deutsche Mark has pointed out the dangers of disintegration of the political union. With Germany's withdrawal a withdrawal of other countries would likely race. Readmore…
Business investment in low-wage countries have a reason
“hopping mad” to be?
February 25th, 2012
The demands of “occupy” Protester been commented here several times already. Not all of these requirements are new. A real evergreen criticism of capitalism is the moral outrage over companies that take advantage of the wage gap between developed and underdeveloped countries in order to maximize their profits. Readmore…
Credibility in economic policy: Why should end the era of Merkel
February 24th, 2012
The first observance of agreements on private and social levelMeyer family buys a new TV in the electrical market. Why such a transaction works in the lived practice usually totally friction-free economy? Why do economists have rarely deal with simple purchase agreements and their failure? The reason is simple. Readmore…
A world full of hypocrites
banks, citizens, politicians and debt crisis
February 23rd, 2012
“If it burns on the world financial market, will be deleted. Even if it is arson acts. “It took a long time. But the measure seems full. Against the banks are formed of massive resistance. It was by following the financial crisis. The rescue is still bad memories of the taxpayers. A majority of the population, the influence of big banks. Readmore…
Strange invaders: the “Occupy” protest movement
February 22nd, 2012
Actually it took a surprisingly long time, until the financial crisis brought forth a protest movement, but now it seems so far. On 15 October went from Tokyo to Frankfurt to New York demonstrators to the streets to protest against the banks, the financial markets, inequality and much else. The origins of all in New York, to “Occupy Wall Street” movement, thus: “Busy Wall Street”. Readmore…
How useful is the Nobel Prize in economics?
February 21st, 2012
Is again the “Nobel Prize” in economics has been announced, and again the excitement is great. The awards were just representative of a macro-economics “rational expectations”, which has designated Paul Krugman.I can not judge whether Thomas Sargent, Christopher Sims and the price, right now, “earned” have. Readmore…
1 The pressure for change in the government debt policy can not be mitigated. In the founding of the European Monetary Union, he was created for Europe from the outset, and the global financial crisis has finally made the task of the whole world aware. Hence everything is considered. Greece not only the problem and what has evolved from purely superficial him. Readmore…