- June 29th, 2010
- Posted by EUEditor
European leaders at commemorations around the world since May 5, Europe Day, have declared that the “Europe of Values” is set up for the long term.
The European Union Ambassador to Australia and New Zealand, David Daly, (pictured, with the President of the Europe Council in Australia, Elfi Massey-Vallazza), said the EU had demonstrated strong political will in the financial crisis, so “the European Union still exists, and the Euro still exists”. … Read More »
- June 26th, 2010
- Posted by Lee Duffield
COMMENTARY: “Who should pay out the deficits, following the financial crash of 2008?” is a keynote question for the G20 international economic summit this weekend, in Canada.
After billion-dollar government bail-outs of errant banks, protesting workers, right now in France and Italy, say it should not be them.
The incoming head of the international trades union movement, Australian Sharon Burrow, has added in a warning that the deficit cutting will stymie economic growth. … Read More »
- June 25th, 2010
- Posted by EUEditor
The Paris-based OECD says the emergent developing countries, especially China, are set to eclipse its membership of most advanced economies, in playing the lead as global wealth producers. … Read More »
- June 21st, 2010
- Posted by EUEditor
Heads of Government of the European Union want a global bank levy and financial transactions tax, and will be arguing for those changes at the G-20 economic summit in Toronto this week (26-27.6.10).
… Read More »
- May 28th, 2010
- Posted by Lee Duffield
COMMENTARY:
A round of budget cuts in European capitals, (on Thursday in Spain, the parliament approving a €30-billion reductions plan – A$43.7bn, dcerates.com, 28.5.10), is being described as a response to “pressure from the market”.
That has gone down badly in many segments, as with the Spanish parliamentarians who voted “no”, losing by one vote; or union protestors taking to the streets on Friday, in France.
(The Spanish austerity package includes wage cuts of at least 5% for public servants and reduces public investment).
Not least, the European Commission has responded to the question of who rules, (elected governments, or “markets”?), bringing forward a plan to cause banks to provide enduring funding against a down-turn. … Read More »
- May 25th, 2010
- Posted by EUEditor
Pressure on government borrowing, especially since the stimulus spending and bank bailouts last year in the financial crisis, has been qualified by more growth-orientated, yet cautious talk out of Brussels.
… Read More »
- May 20th, 2010
- Posted by Lee Duffield
COMMENTARY: European Union Finance Ministers this week came up with regulatory measures meant to damp down speculative pressure on financial markets, while stock prices and the Euro currency began to slip. … Read More »
