I.If we trace the word Contributions to international financial and economic crisis carefully, it seems in the wake of the crisis resolution efforts have come to a debate on reforming the international monetary system in motion. Known for his impression of these three examples. Readmore…
Since June 2009 has been enshrined in the Constitution of the Federal Republic of Germany, a new rule to limit new borrowing by the federal and state governments. This – just as the “debt brake” called – usually to ensure that finance in Germany with the usual bad habit for five decades, a significant portion of government spending through deficits, finally closing is done. Readmore…
Late last week decided the leaders of the EU a package to “redesign the currency union.” According to Federal Chancellor Angela Merkel has so “the euro passed its first important test.” Subject of this reform are the points listed below:Permanent Rescue FundMid-2013, a new permanent emergency fund [European stability mechanism is not one. Readmore…
The 2006 World Cup, the World Handball Championship the following year, the IAAF World Championships in 2009 and recently the Alpine Ski World Championships in Garmisch-Partenkirchen is the number of international sports events in Germany in recent years unquestionably high. Officially, such events are the responsibility of the respective associations such as the DFB and the DLV and national organizing committee. Readmore…
I have served. 15 months. The Defense Minister Manfred Woerner was then called, and the Chairman of the Presidium of the Supreme Soviet of the USSR, Leonid Brezhnev. Muammar al-Qaddafi and Hosni Mubarak were back then, still in power call themselves socialist states Santander. That would have many openings for fleet blogs. Readmore…
The horrifying images from Japan Raise many questions to be pondered over in the next period must. From an economic point of view, but first, the question of the immediate effects of the disaster will have on the world economy. The answer to this question depends crucially on the moment of the direction that the wind will take over the derelict nuclear reactors of Fukushima in the near future. Readmore…
In a recent issue of the journal International Tax and Public Finance is a paper worth reading is higher in the U.S. than in Germany.This result is relative, however, when the international transfer of such data as a basis, from which payments are calculated out to finance medical treatments. Readmore…
“When everyone is responsible for everything, nobody responsible for anything.”The current calm is deceptive . It's the calm before the storm. The problems of the euro are not resolved. It threatens monetary policy further heavy seas. A few hasty corrections Brussels deep in the night will not help. Readmore…
Professor Issing, since mid-December, it's official. The European Council has decided on a permanent mechanism for financial assistance to Member States of the Euro-zone. Is the euro as their currency independent states so in the end?Otmar Issing:Not at all. Although I was an opponent from the beginning of a permanent crisis mechanism. Readmore…
Homo economicus in theory For ten, fifteen years ago, homo economicus is not as easy as before. Behavioural economics challenges him again and again. It shows, for example in the experiment, again and again that people are not so behave like they did when they were homines oeconomici. Readmore…