Archive for April, 2010

29 Apr

The greatest danger for economic recovery: the decrease of $ 2,500 billion of credit

The fact that the recession is over does not make us forget that the recovery is fragile, slow and limited. Let us not hide the truth: much of the recovery benefits of the various “stimulus packages” of various governments around the world. But it’s over and done with. One of the themes to be discussed [...]

24 Apr

The swaps are not guilty of the Greek crisis, but they contribute

Our Excellencies are therefore found guilty of allowing them to believe that this is not the lack of discipline in the Eurozone, which explains the overspending that the majority of states that have the Euro as currency are guilty, and which Greece is the main instigator. You forget of course that if Greece has 122% [...]

20 Apr

The European Monetary Fund, Not so fast…

It’s definitely a fad among politicians: once a legitimate question arises, the conclusion is institutional even before the question has been articulated. Before speaking to an European Monetary Fund, should agree on the diagnosis, the objectives and how these objectives can be met. Let’s start with the diagnosis: the Euro has been built on a [...]

16 Apr

Europe can not resign in favor of the International Monetary Fund

What humiliation and Greece, a member of the euro area, plans to appeal to the IMF as Belarus, Ukraine, El Salvador, Mali, Mauritania, Romania and many others. Even Iceland is neither a member of the European Union or the euro zone, has not fallen so low. Germany has refused to assume its responsibilities and its [...]

11 Apr

The legislation on health care is a victory for American democracy

Looking at the last line of Republican attempts to prevent the passage of legislation that will finally provide the richest country in the world that will include 36 million Americans in a system of care seeking behavior, we measure the chasm that separates the two American political parties. Their last effort was to use the [...]

07 Apr

Greece: Euro compromises the compromise

We have an agreement. This is clearly a political compromise in a situation that was untenable. This agreement provides for both interventions of the IMF and bilateral funding by member countries of the eurozone. More effectively, the European Central Bank has decided to change its criteria for pledges to fulfill its will to board the [...]

03 Apr

Prepare the austerity in the West: the great challenge

In all major industrialized countries, we’ve all experienced this last decade over our means. This resulted in a swelling public debt partly caused by the excesses of the last decade, recovery plans, the financial crisis, military spending particularly in the United States and swelling of the matter is passive social.La not just the budget year. [...]

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