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 EUROPEAN ELECTIONS 

*Lunatic*, n.
One whose delusions are out of fashion.
by DoDo on Fri Apr 3rd, 2009 at 04:10:17 PM EST
MPs who helped topple government stand for Libertas in European elections - 03-04-2009 13:25 UTC - Radio Prague
The two rebel Civic Democrat MPs, Vlastimil Tlustý and Jan Schwippel, who voted against their party to topple the government in last Tuesday's no-confidence vote are back in the headlines. This Thursday, both men announced their candidature for the eurosceptic party Libertas.cz ahead of June's European elections. I spoke to former finance minister Vlastimil Tlustý about what made him vote against Prime Minister Mirek Topolánek's cabinet, and why, despite representing Libertas.cz at the polls, he had decided to remain a member of the Civic Democratic Party:

...Can I ask you about the funding of Libertas.cz - who is funding this party? "I am not informed. The proposal to be a candidate dates from last Friday, and to be frank, I don't know." Are you worried about now being a candidate for a one-issue party. The Civic Democrats have clear views on social reforms, healthcare reforms and so on, while Libertas.cz doesn't just yet? "I am not worried. Look at the Civic Democrats today. They do nothing, no reforms at all. They destroyed not only tax reforms but also pension reforms and healthcare reforms and so on. I am sure that I will actually have more chance to represent the original programme of the Civic Democrats in Libertas than in the Civic Democratic Party itself."



*Lunatic*, n.
One whose delusions are out of fashion.
by DoDo on Fri Apr 3rd, 2009 at 04:16:04 PM EST
[ Parent ]
This is two weeks old, but I wanted to flag it:

The cowardly EU « Europe not EU

I am back from my holidays and a blogging hiatus to find that  EU finds it easier to rally behind a mindless G20 Obama love-in on fiscal and bank bailouts than it is to hold a summit on preserving jobs.

EU heads of state and government have decided to run away from cancel a Prague meeting, originally scheduled for May 7, which aimed to bring together national leaders with businesses and trade unions.

Only last week, the European Commission President José Manuel Barroso was insisting that it would be a "fundamental error" not to hold the summit.

"Our public opinion would not understand, it would be unacceptable that EU leaders meet at the highest level and that they discuss the problems of the banks and not social problems. That they discuss the problems of the financial sector and not that of employment. That would be really unacceptable," he said on Mar 18.

(Mr. Waterfield still liberally mixes the EU and its institutions and constituting national governments.)

*Lunatic*, n.
One whose delusions are out of fashion.

by DoDo on Fri Apr 3rd, 2009 at 05:24:51 PM EST
[ Parent ]
He's right on the mark on the "Obama love-in". There have been no substantial policy proposals from Europe since Obama got elected, everyone's been waiting for him to solve the crisis.

Most economists teach a theoretical framework that has been shown to be fundamentally useless. -- James K. Galbraith
by Migeru (migeru at eurotrib dot com) on Sat Apr 4th, 2009 at 04:16:44 AM EST
[ Parent ]
Were there any before he got elected?

Earth provides enough to satisfy every man's need, but not every man's greed. Gandhi
by Cyrille (cyrillev domain yahoo.fr) on Sat Apr 4th, 2009 at 04:27:30 AM EST
[ Parent ]
Maybe not, but they've all relaxed visibly, waiting for Obama to work his magic.

Most economists teach a theoretical framework that has been shown to be fundamentally useless. -- James K. Galbraith
by Migeru (migeru at eurotrib dot com) on Sat Apr 4th, 2009 at 04:33:42 AM EST
[ Parent ]
Hold on a minute. I thought Merkel is proposing a wait and see solution? I consider that good experimental procedure.

--
$E(X_t|F_s) = X_s,\quad t > s$
by martingale on Sat Apr 4th, 2009 at 05:27:00 AM EST
[ Parent ]
Wait for what? Haven't we seen enough?

Most economists teach a theoretical framework that has been shown to be fundamentally useless. -- James K. Galbraith
by Migeru (migeru at eurotrib dot com) on Sat Apr 4th, 2009 at 06:13:34 AM EST
[ Parent ]
Wait to see if the last round of bank bailouts is helping? I mean, as opposed to pumping even more money in and then seeing if it is helping.

--
$E(X_t|F_s) = X_s,\quad t > s$
by martingale on Sat Apr 4th, 2009 at 06:44:30 AM EST
[ Parent ]
Well, taxing the richer classes and investing the proceeds into energy efficiency would seem a great thing to do in the meantime...

Earth provides enough to satisfy every man's need, but not every man's greed. Gandhi
by Cyrille (cyrillev domain yahoo.fr) on Sat Apr 4th, 2009 at 06:46:47 AM EST
[ Parent ]
Well, bank bailouts don't work and pumping more money into them is not what Merkel is opposing. She's opposing pumping more money into the real economy.

Fiscal conservatives will make the recession worse.

Most economists teach a theoretical framework that has been shown to be fundamentally useless. -- James K. Galbraith

by Migeru (migeru at eurotrib dot com) on Sat Apr 4th, 2009 at 07:22:48 AM EST
[ Parent ]
Youz forgot about the Sarko-Merkel(-Steinbrück) demand for international regulation of financial markets.

*Lunatic*, n.
One whose delusions are out of fashion.
by DoDo on Sat Apr 4th, 2009 at 05:28:15 AM EST
[ Parent ]
Which kind of dodges the question of what to do about this crisis.

The fact is that what we're experiencing right now is a top-down disaster. -Paul Krugman
by dvx (dvx.clt ät gmail dotcom) on Sat Apr 4th, 2009 at 07:31:05 AM EST
[ Parent ]
Which kind of dodges the question of what to do about this crisis.
Not really.  Reform of the existing regulatory system, to the extent there is one, is ONE of the preconditions for a genuine recovery.  I.e., necessary but not sufficient.


As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Sat Apr 4th, 2009 at 02:19:28 PM EST
[ Parent ]

There have been no substantial policy proposals from Europe since Obama got elected, everyone's been waiting for him to solve the crisis.

There have been consistent calls by France and Germany to regulate capitalism better and crack down on tax haven (mostly grandstanding from Sarkozy, I'll grant, but the German drive has been serious enough).

There's been a pushback on deficit spending, and more generally there has been very little criticism of how the ECB has handled the crisis on its side, which is a stark change from usual practice in big parts of Europe.

Brown has been forced to choose sides (symbolically anyway) and seems to have sided on the European side. That's pretty significant too.

In the long run, we're all dead. John Maynard Keynes

by Jerome a Paris (etg@eurotrib.com) on Sat Apr 4th, 2009 at 05:42:53 AM EST
[ Parent ]

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