By Konstantin Tsapogas – The Greek political system is certainly responsible for creating an uncontrollable mess that opened the doors to the first experiment of running a EU member state directly from Brussels, Frankfurt and Berlin. But from the moment the core decision making process has moved from Athens to these three European capitals, so did responsibility for the effects and results.
The painfully obvious lack of statesmanship in Europe, be it at the European level in Brussels or at the major European capitals has guaranteed this result. By a combination of bureaucratic short- sightedness, technocratic aphasia, ideological paralysis, populism and downright bloody-mindedness, it transformed a financial crisis to major European political crisis. more> http://tinyurl.com/pt9rlbu
By Theodoros Benakis – The view in many parts of Brussels is that the future of Europe, at least for the next few years, will not be decided by the ever more unpopular elections for the European parliament in 2014, but by the German electorate on 22 September.
According to the leaders of The Alternative, the euro has failed as a currency. As an alternative to the Mark, they could accept a two class euro.
A first class ‘saints euro’, the currency of the rich and budgetary ordered countries. A second class ‘sinners euro’ of the poor, good for the South and any budgetary ‘weak’ country. more> http://tinyurl.com/pwjtcr8
Posted in Business, Economy, History, Leadership
Tagged Business, Euro, Europe, European Union, Germany, Government, Leadership, Organization, Super regions
neurope.eu – “The first week of discussions on a transatlantic partnership agreement closed in a climate of doubt,” Trade Minister Nicole Bricq wrote in French newspaper Liberation.
“The US once again showed its splendid ambivalence. It is a country where everything seems possible and whose dynamism and energy we French envy. At the same time it is a prickly power incapable of resisting the temptations its supremacy gives it.” more> http://tinyurl.com/q2tkhse
By Jorgo Chatzimarkakis Mark Esposito – The Eurozone has entered its fourth year of crisis. Member states have been falling into debt so severe, they have had to request bailouts tied to crippling austerity measures. Instead of providing some relief, these measures are only making matters worse. Like dominoes, successive member states find themselves on a negative economic watch. Living conditions have deteriorated and unemployment rates are skyrocketing.
This clearly shows that the steps taken by European leaders to address the euro crisis have not worked; instead, they are putting the European Union itself in danger. Instead of addressing core systemic problems, the EU has been defending its policies both within and outside of its borders. more> http://tinyurl.com/kqc7olq
Posted in Banking, Business, Economy
Tagged Ambrose Evans-Pritchard, Austerity, Business, European sovereign debt crisis, European Union, Eurozone, Federal Reserve System, Industrial economy, International Monetary Fund, Super regions