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Any idiot can face a crisis - it's day to day living that wears you out.

by ceebs (ceebs (at) eurotrib (dot) com) on Tue Apr 24th, 2012 at 02:56:04 PM EST
James Murdoch Grilled at Leveson Inquiry - The Daily Beast
A defiant James Murdoch took the stand at the Leveson Inquiry today for a much-anticipated grilling on his role in the phone-hacking scandal roiling his former turf. The former CEO of News International--the U.K. arm of his father's News Corp. conglomerate--hadn't made an appearance in London since resigning from the post in February. But he arrived more than an hour early to the courthouse, which was packed with spectators and an expectant air.


Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Tue Apr 24th, 2012 at 03:01:16 PM EST
[ Parent ]
BBC News - Labour calls for Jeremy Hunt to resign after Leveson Inquiry evidence

Labour has called for Culture Secretary Jeremy Hunt to resign after Leveson Inquiry evidence appeared to show his support for News Corp's bid for BSkyB.

During evidence from James Murdoch, the inquiry discussed News Corp emails that appeared to show Mr Hunt had privately expressed support.

Labour leader Ed Miliband said Mr Hunt had acted as a "back channel" for the Murdochs and should step down.

Mr Hunt said he had "conducted this process with scrupulous fairness".



Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Tue Apr 24th, 2012 at 03:01:53 PM EST
[ Parent ]
Leveson inquiry: the dark heart of this strange affair | Media | The Guardian

Critics of the Murdochs often have suspected that they have exploited their position as newspaper owners to win secret favours from governments - and the Murdochs and the politicians alike have denied it. Now, for the first time, courtesy of the volatile chain-reaction of the phone-hacking scandal, we have compelling evidence.

In 163 pages of paperwork published by the Leveson inquiry, we can see the dialogue between James Murdoch's camp and the office of Jeremy Hunt, the secretary of state for media, who held in his hands the outcome of the biggest deal in the history of the Murdochs' News Corporation, the £8bn takeover of BSkyB.

According to Monday's evidence, Murdoch and his lobbyist, Fred Michel, worked their way through every crack in the walls of Whitehall in search of influence and, in Hunt's office, they found friends who would supply them with information, advice and support, even as Hunt claimed to the outside world that he was being impartial and even-handed



Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Tue Apr 24th, 2012 at 03:26:43 PM EST
[ Parent ]
"ABSOLUTELY ILLEGAL" -- British Newspaper Nails Murdoch And News Corp To Wall - Business Insider
Here's the cover of tomorrow's Daily Telegraph in Britain. Click for the story:


Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Tue Apr 24th, 2012 at 07:09:07 PM EST
[ Parent ]
The way the story reads suggests that this was retaliation by the Murdochs against the govt. They're taking down Jeremy Hunt as a way of saying to Cameron "we can hurt you, do you want to continue with this"

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Wed Apr 25th, 2012 at 03:17:56 AM EST
[ Parent ]
Given how squalid the relationhip was between Murdoch and Mr Tony I believe there is some irony in operation.

Peronsally I think we should examine the recreational use of News Corp horses by senior figures in the Govt.

keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Wed Apr 25th, 2012 at 02:52:10 AM EST
[ Parent ]
Independent - Matthew Norman - As ever with Rupert Murdoch, we have an immorality tale worthy of Don Corleone in The Godfather

James kept his temper, on the surface, but still came across as Sonny (Santino) Corleone, the hot-headed wastrel who desperately wants to succeed his father as Don, but lacks the smarts, and backbone, for the task and lands up sleeping with da fishes. As a film studies dropout (bless him, he couldn't even stay the course at Harvard), James will appreciate this. He may even recognise the grinning Lachlan as Michael, the younger son who is unwilling at first to go into the family firm, but ends up scooping the pot and trying to turn the business legit. There is something undeniably epic about this reworking of the time-honoured immorality tale in which the once mighty but senescent father is brought low by misjudging his issue. If Lear seems too grandiose a template, I refer you to the recent superhero flick Thor. "You are an old man and a fool," the young Norse god yells at Odin. "I was a fool," the All Father morosely replies, before casting the first-born he was about to make king, but whose recklessness has plunged him into unnecessary war, out of Asgard, "for thinking you were ready."


keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Wed Apr 25th, 2012 at 06:40:25 AM EST
[ Parent ]
BBC News - Dutch crisis: PM Rutte appeals for responsible action

A day after the fall of his government, Dutch PM Mark Rutte has urged MPs to react "responsibly" to the serious economic problems facing the country.

His minority government collapsed over last-minute disagreements about finding billions of euros in austerity cuts.

"The economy is flagging, employment is under pressure and national debt grows faster than we can afford," he said.

He said he expected a general election to take place on 12 September, rather than before the summer recess.



Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Tue Apr 24th, 2012 at 04:31:45 PM EST
[ Parent ]
BBC News - France election: Hollande appeals to Le Pen voters

French Socialist presidential candidate Francois Hollande has suggested that some leftists voted on Sunday for the far right out of "social anger".

Mr Hollande won the first round of the election, narrowly beating conservative Nicolas Sarkozy, while the National Front's Marine Le Pen came third.

Mr Sarkozy, who faces a run-off election with Mr Hollande on 6 May, said he had "heard" Le Pen voters.



Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Tue Apr 24th, 2012 at 04:34:29 PM EST
[ Parent ]
BBC News - France election: Hollande appeals to Le Pen voters

Speaking to left-of-centre French daily Liberation, Mr Hollande said it was up to him to persuade FN voters.

"There is the Le Pen electorate, part of whom come from the left and should be on the side of progress, equality, change, shared effort and justice, because it is opposed to privilege, financial globalisation and a failing Europe," he said.

"It is up to me to convince them that the left defends them."

by afew (afew(a in a circle)eurotrib_dot_com) on Tue Apr 24th, 2012 at 04:40:54 PM EST
[ Parent ]
En direct - Hollande promet «un changement dans la construction européenne» - Libération Live - Holland promises "a change in European integration" - Liberation
22h30. «Si je suis élu président de la République, il y aura un changement de la construction européenne», promis François Hollande sur TF1. «C'en en sera fini du libre échange, de la concurrence sans limite, ça en sera fini d'une austérité --je suis pour le sérieux budgétaire, je suis pour le rétablissement des comptes publics», a dit le candidat socialiste. «Le sérieux budgétaire oui, l'austérité à vie, non», a-t-il déclaré en direction de la chancelière allemange, Angela Merkel.22:30. "If I am elected president, there will be a change in European construction" , Francois Hollande promised on TF1. 'It will be the end of free trade and unlimited competition, it will be the end of austerity - I'm for budgetary seriousness, I am for the restoration of public accounts," said the Socialist candidate. "Budgetary seriousness yes, lifelong austerity, no," he said toward the German Chancellor Angela Merkel.
by afew (afew(a in a circle)eurotrib_dot_com) on Tue Apr 24th, 2012 at 05:00:01 PM EST
[ Parent ]


guaranteed to evoke a violent reaction from police is to challenge their right to "define the situation." --- David Graeber citing Marc Cooper
by Migeru (migeru at eurotrib dot com) on Tue Apr 24th, 2012 at 05:19:51 PM EST
[ Parent ]
... until the crisis has been solved.

I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.
by BruceMcF (agila61 at netscape dot net) on Tue Apr 24th, 2012 at 06:46:01 PM EST
[ Parent ]
Apparently it's now called Budgetary Seriousness™.
by ThatBritGuy (thatbritguy (at) googlemail.com) on Wed Apr 25th, 2012 at 04:36:45 AM EST
[ Parent ]
I suspect Serious™ politicians are being unintentionally hilarious here.

guaranteed to evoke a violent reaction from police is to challenge their right to "define the situation." --- David Graeber citing Marc Cooper
by Migeru (migeru at eurotrib dot com) on Wed Apr 25th, 2012 at 04:37:42 AM EST
[ Parent ]
...until the crisis has been solved.

How? When? Where? For who?

by PerCLupi on Wed Apr 25th, 2012 at 05:20:38 AM EST
[ Parent ]
This crisis is a lot like Orwell's eternal war for eternal peace.

guaranteed to evoke a violent reaction from police is to challenge their right to "define the situation." --- David Graeber citing Marc Cooper
by Migeru (migeru at eurotrib dot com) on Wed Apr 25th, 2012 at 05:25:28 AM EST
[ Parent ]
"Austerity is Prosperity."

Not bad at all.

by ThatBritGuy (thatbritguy (at) googlemail.com) on Wed Apr 25th, 2012 at 06:54:50 AM EST
[ Parent ]
Oceania has always been in debt to EastAsia

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Wed Apr 25th, 2012 at 07:23:22 AM EST
[ Parent ]
How? By making it worse.

When? As promptly and for as long as it take until making it worse succeeds in making things better.

For who? For neoliberal ideologues, and for those many among the well off who imagine that they live in the word that neoliberal ideologues present as our own.

I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.

by BruceMcF (agila61 at netscape dot net) on Wed Apr 25th, 2012 at 11:03:13 AM EST
[ Parent ]
Either you take what he's saying for unbridled electioneering (possible), or you also read "the end of free trade and unlimited competition".

Or (also possible) you just go in for confirmation bias.

by afew (afew(a in a circle)eurotrib_dot_com) on Wed Apr 25th, 2012 at 01:16:55 AM EST
[ Parent ]
Used to American elections as I am, I take it for granted that its unbridled electioneering, and am still left to wonder whether it will spill over into actions during the early period of running for re-election that commences immediately after inauguration.


I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.
by BruceMcF (agila61 at netscape dot net) on Wed Apr 25th, 2012 at 11:04:54 AM EST
[ Parent ]
From Eurointelligence this morning (e-mail):

Marine Le Pen intends to capitalize her 18% score in the presidential elections first round in order to score another success at the parliamentary elections due to be held on June 10 and 17, Le Monde reports. Le Pen's ultimate aim is to ,,let (Sarkozy's) UMP explode" because she will put up Front National candidates in as many as 335 electoral districts which will diminish the chances of the conservative deputies to be elected. Le Pen wants to continue to de-diabolize her party and is even considering changing the party's name which is strongly opposed by her fater Jean-Marie Le Pen, the party's founder. Marine Le Pen's success in making the extreme right party part of the French mainstream is confirmed by a poll done by OpinionWay - Fiducial for Les Echos according to which 64% of the French favour electoral agreements between the UMP with the Front National.

(emphasis mine)

The poll in Les Echos actually says 64% of Sarkozy voters. But 64% of "the French" are against a UMP-FN agreement.

64% des électeurs de Nicolas Sarkozy favorables à un accord avec le FN, Election présidentielle 2012 - Les Echos.fr 64% of Nicolas Sarkozy voters in favour of an agreement with the FN, Presidential Election 2012 - Les Echos.fr
64 % des Français sont opposés à un accord entre l'UMP et le Front national avant les élections législatives. A l'inverse 64 % des électeurs de Nicolas Sarkozy y sont favorables.64% of the French are opposed to an agreement between the UMP and the National Front before the general election. Conversely 64% of Nicolas Sarkozy voters are in favour.

Meanwhile, 41% of Le Pen voters are opposed to an agreement with the UMP. These are hardcore Frontists who back the "explode the UMP" line.

by afew (afew(a in a circle)eurotrib_dot_com) on Wed Apr 25th, 2012 at 02:51:29 AM EST
[ Parent ]
I hope you notified the error to them.

This will be the big story of the legislatives. I expect the dams to hold, and the UMP to lose a fairly large number of seats (mostly) to the PS in triangular second rounds, with the FN maintaining their candidates wherever they can, and winning less than five seats.

I also expect an aggiorniamento over the next five years, where UMP and FN (or their successor groups) work out a modus vivendi to jointly conquer power.

This will be resisted by many on the centre-right, leading to the end of the UMP (which is an anomaly in a normally fragmented French right wing landscape).

It is rightly acknowledged that people of faith have no monopoly of virtue - Queen Elizabeth II

by eurogreen on Wed Apr 25th, 2012 at 05:18:02 AM EST
[ Parent ]
Sarkozy praises Le Pen with faint damns :

Ni accord ni ministres, promet Sarkozy à propos du FN - LibérationNeither agreement nor ministers, Sarkozy promises about the FN - Liberation
Nicolas Sarkozy a affirmé mercredi sur France Info qu'il n'y aurait «pas d'accord» avec le Front national et «pas de ministres» FN dans son futur gouvernement s'il était élu.Nicolas Sarkozy said on Wednesday France Info radio that there would be " no agreement" with the National Front and "no ministers " FN in his future government if elected.
«D'accord avec le Front national, il n'y en aura pas, de ministres du Front national, il n'y en aura pas», a déclaré le président-candidat, précisant qu'il ne l'avait «jamais souhaité, jamais voulu, parce que nous avons des points de désaccords»." agreement with the National Front, there will be none, ministers of the National Front, there will be none ," said the president-nominee, saying he had " never wished for, never wanted that, because we have points of disagreement ".

This, as far as I am aware, is the first time anyone has raised the possibility of FN ministers in a future Sarkozy government. Translated from Sarkozy-speak, this means "this is my opinion this week, but I may have a different one three weeks from now".

i.e. the dams are already crumbling.

The survey linked above is pretty chilling : a two-thirds majority of Sarkozy voters are in favour of an electoral alliance with the FN.

It is rightly acknowledged that people of faith have no monopoly of virtue - Queen Elizabeth II

by eurogreen on Wed Apr 25th, 2012 at 05:57:48 AM EST
[ Parent ]
After fighting to gain the support of FN supporters through his Presidency, one would expect some of the strongest opponents of agreement with the FN to have already left, and many of those on the fence or mildly opposed at the beginning of the Presidency to have rationalised arguments in its favor by now.

I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.
by BruceMcF (agila61 at netscape dot net) on Wed Apr 25th, 2012 at 11:08:09 AM EST
[ Parent ]


It is rightly acknowledged that people of faith have no monopoly of virtue - Queen Elizabeth II
by eurogreen on Wed Apr 25th, 2012 at 06:03:56 AM EST
[ Parent ]
The controversy on Le Monde: Sarkozy a bien assuré que Le Pen "est compatible avec la République"
Contrairement à ce qu'il a affirmé mercredi 25 avril, Nicolas Sarkozy a bien assuré la veille à Longjumeau (Essonne) que la candidate du FN Marine Le Pen "est compatible avec la République", comme le montrent ces images du 20 heures de France 2, diffusées mardi soir (voir à 16,45 mn).

...

Interrogé sur France Info sur le sens de cette citation, le président-candidat, qui a lancé une offensive contre les médias pendant la campagne, a nié : "Ce n'est pas ce que j'ai dit", a-t-il assuré.

Avant d'argumenter, alors qu'il est en pleine opération de charme à l'attention des électeurs frontistes : "Si la République autorise Mme Le Pen à être candidate, c'est que c'est un parti démocratique sinon, on ne l'autoriserait pas. Il faut être cohérent. Donc, les Français, les citoyens qui votent pour elle, on ne va pas le leur reprocher. Et si c'était très mal de voter pour elle, pourquoi est-elle proposée au vote des Français ? La République a organisé ce vote. Il n'y a pas un mauvais vote et un bon vote."



guaranteed to evoke a violent reaction from police is to challenge their right to "define the situation." --- David Graeber citing Marc Cooper
by Migeru (migeru at eurotrib dot com) on Wed Apr 25th, 2012 at 06:10:17 AM EST
[ Parent ]
"If the Republic authorizes Ms Le Pen's candidature, that means it's a democratic party because if not, it wouldn't be authorized. You have to be coherent."

Pure Sarko.

by afew (afew(a in a circle)eurotrib_dot_com) on Wed Apr 25th, 2012 at 06:47:51 AM EST
[ Parent ]
Ukraine's jailed ex-PM on hunger strike - Europe - Al Jazeera English

Yulia Tymoshenko, Ukraine's former prime minister, has gone on a hunger strike, alleging that guards in the jail where she is being held had severely beaten her.  

Tymoshenko announced the hunger strike on Tuesday, saying she had refused food since Friday night in order to attract "the attention of the democratic world to what is happening in the centre of Europe, in a country called Ukraine".

Prosecutors acknowledged that prison guards had taken Tymoshenko to a nearby hospital for treatment of an existing medical problem against her will, but insisted she was not beaten.



Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Tue Apr 24th, 2012 at 04:38:19 PM EST
[ Parent ]
European stock markets recover poise after panic sell-off | Business | The Guardian

Europe's financial markets have recovered their poise after Monday's panic sell-off, despite clashes in the Dutch parliament over the country's austerity measures.

Share prices plunged at the start of the week, after left-winger François Hollande's strong showing in Sunday's first round of the French presidential election.

Nervous investors fear that support for Hollande, and the surprise collapse of the Dutch government, reveal a growing Europe-wide backlash against the austerity policies Brussels believes are the only way of safeguarding the single currency.



Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Tue Apr 24th, 2012 at 04:52:52 PM EST
[ Parent ]
Anders Behring Breivik trial: police officer describes chaos after Oslo bomb | World news | guardian.co.uk

A police official has described how an explosion outside the government headquarters in Oslo caused chaos, allowing the bomber, Anders Behring Breivik, to slip away to Utøya island where he shot 69 people.

Eight people were killed by the Oslo bomb. Breivik, a rightwing extremist, has said he thought he would be killed by police before reaching Utøya.

Testifying in Breivik's trial, police operations leader Thor Langli said initial reports after the blast suggested there were two suspects, and two other bombs were about to explod



Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Tue Apr 24th, 2012 at 04:54:29 PM EST
[ Parent ]
Eurointelligence Daily Briefing: Will the eurozone's most self-righteous finance minister miss the target?
It is not clear whether the Dutch finance minister will be able to meet an April 30 European Commission deadline, in which he needs to set out how to achieve the 3% deficit target; the government is talking to centrist opposition parties, hoping to reach an agreement to pass the budget, but this may not come in time for the deadline; the Dutch labour party said the Netherlands should forego the target and aim for 3.6% in 2013, citing "exceptional circumstances"; an FT editorial says that the Netherlands is one of the few countries in the eurozone with some margin for manoeuvre, which it should use now; Marine Le Pen is planning a big campaign for the French parliamentary elections, where she will put up an unprecedented 335 candidates with the goal to weaken Nicolas Sarkozy's UMP; member of Germany's IG Metall have voted in favour of holding warning strikes in support of a 6.5% pay claim; the financial crisis has added more debt in Germany than anywhere else in the eurozone, due to the large bad bank programmes; the European Banking Authority plans to ask banks about their strategy once the LTRO runs out; the German government is expected to forecast a growth rate of 0.7% this year; Yves Mersch says the IMF is way too pessimistic on eurozone growth, and too optimistic on eurozone inflation
Luxembourg Central Banker wants less growth and less inflation. Woo hoo!
the Greek central bank forecasts a larger than expected fall in GDP this year; Spanish tax revenues fall by 2.5% in the first quarter; a Spanish debt auction succeeds, but at the cost of much higher interest rates; John Plender, meanwhile, says the eurozone is headed for a vicious circle of debt deleveraging, and even further central bank policies are likely to have little effect.


guaranteed to evoke a violent reaction from police is to challenge their right to "define the situation." --- David Graeber citing Marc Cooper
by Migeru (migeru at eurotrib dot com) on Wed Apr 25th, 2012 at 03:55:43 AM EST
[ Parent ]
Eurozone crisis live: UK sinks into double-dip recession | Business | guardian.co.uk

Compass, the left-wing pressure group, argues that neither Labour nor the Conservatives have the right policies to end the economic crisis.

Neal Lawson, chair of Compass, said Ed Miliband and Ed Balls should be bolder:

Labour's '5 point plan' doesn't go far enough. Ed Miliband and Ed Balls need to go on the offensive by presenting a clear alternative to the failed politics of austerity, rather than offering up a lightweight version of the "Osbornomics" which has let the country down so badly these last two years.

* Reversing the cuts until the economy is growing strongly.
* A new round of Quantitative Easing to be directed to a Green New Deal, to insulate and prepare large numbers of buildings to use renewable energy.
* Cancelling PFI debts, saving the nation £200bn in debt repayments.
* Increasing some benefits for the poorest, who are most likely to spend any extra income, thus boosting demand.
* Introducing a Financial Transaction tax on the City to be used for public investment purposes.
* Closing the £70 billion lost tax gap with a range of anti-avoidance measures including a general anti-avoidance principle.



It is rightly acknowledged that people of faith have no monopoly of virtue - Queen Elizabeth II
by eurogreen on Wed Apr 25th, 2012 at 09:56:36 AM EST
[ Parent ]
Yea, but enact those policies would require a party that wasn't in thrall to the 1% and the Labour party isn't it

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Wed Apr 25th, 2012 at 10:13:51 AM EST
[ Parent ]
So there are three parties in thrall to the City of London, two of them in government at the moment to take the fall, and one waiting in the wings to take the reigns of government if the current government falls.

Handy for the City.


I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.

by BruceMcF (agila61 at netscape dot net) on Wed Apr 25th, 2012 at 11:10:24 AM EST
[ Parent ]
All three parties have, in the lst 20 years, preferred to select their MPs from the ranks of the 1%, so it's no surprise that such people prioritise the concerns of their peers.

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Wed Apr 25th, 2012 at 11:49:02 AM EST
[ Parent ]
Mario Draghi plaide pour un "pacte de croissance" européen Mario Draghi calls for a European "growth pact"
Le président de la Banque centrale européenne, Mario Draghi, a réclamé mercredi 25 avril "un pacte de croissance" européen, plaidant pour des réformes structurelles sans modérer son exigence d'une stricte discipline budgétaire, devant des députés européens.President of the European Central Bank, Mario Draghi , demanded Wednesday, April 25 "a European growth pact" , advocating structural reform without moderating his demands for fiscal discipline in front of MEPs.
"Actuellement, ce que j'ai le plus à l'esprit, c'est (la nécessité) d'avoir un pacte de croissance", a-t-il insisté. Même si "les réformes structurelles heurtent de larges intérêts" et "font mal", elles doivent être poursuivies pour l'avenir. Il n'a toutefois pas détaillé ce qu'il entendait par ce terme de "croissance", employé en général par les tenants d'une relance par la dépense publique, à laquelle il s'oppose fermement.
"Currently, what I have most in mind, this is (the need) of have a growth pact" , he insisted. While "structural reforms confront broad interests" and "hurt" , they should be prosecuted for the future . He has not detailed what he meant by this term "growth" , generally used by the proponents of a stimulus through government spending, which he strongly opposes.
M. Draghi, qui s'oppose également à un soutien plus direct de la BCE à la croissance, estime que les mesures déjà prises dans certains pays "doivent être complétées par des réformes structurelles permettant la croissance pour faciliter l'entrepreunariat, l'établissement de nouvelles entreprises et la création d'emploi. Là, les gouvernements devraient être plus ambitieux", selon lui.Mr. Draghi, who is also opposed to more direct support of the ECB to growth, believes that the measures already taken in some countries "must be complemented by structural reforms to facilitate growth for entrepreneurship, the establishment of new businesses and job creation. Here, governments should be more ambitious ", he said.

Just a question of vocabulary: I'm co-opting the new fashionable buzz words. When I say "growth", I actually mean "austerity". Is that clearer?

It is rightly acknowledged that people of faith have no monopoly of virtue - Queen Elizabeth II

by eurogreen on Wed Apr 25th, 2012 at 11:11:16 AM EST
[ Parent ]
Hollande se félicite des propos du patron de la BCE sur la croissance Holland welcomes the words the boss of the ECB on growth
En préambule d'une conférence de presse, mercredi 25 avril à Paris, le candidat socialiste François Hollande a réitéré sa volonté de renégocier le traité européen pour y ajouter un aspect croissance. M. Hollande s'est également  réjoui des déclarations du patron de la Banque centrale européenne, Mario Draghi.As a prelude to a press conference, Wednesday, April 25 in Paris, the Socialist candidate Francois Hollande reiterated his desire to renegotiate the treaty to the European add growth aspect. Mr. Holland also welcomed statements of the head of the European Central Bank, Mario Draghi .
Ce dernier a assuré, devant des députés européens, qu'il était nécessaire "d'avoir un pacte de croissance" sans toutefois revenir sur l'exigence d'une stricte maîtrise des dépenses, ni détailler ce qu'il entendait par le terme de croissance.

Lire : Mario Draghi plaide pour un "pacte de croissance" européen

The latter assured in front of MEPs, it was necessary "of have a growth pact" but without going back on the requirement of spending restraint, or detailing what he meant by the term growth.
Lors de cette conférence de presse, M. Hollande a dit observer un changement chez les dirigeants européens ; son arrivée en tête au premier tour ayant, selon lui, "libéré la parole" des chefs de gouvernements de l'Union européenne "qui ne sont pas tous de gauche". "Ceci confirme bien que c'est une élection décisive en Europe", a soutenu M. Hollande. "Nos idées cheminent et le vote des Français y est sans doute pour beaucoup", a-t-il lancé.During this press conference, Mr. Holland said observe a change in the European leaders, his first place in the first round [of the French presidential election] he said, allowed Heads of Government of the Union "to speak up" "and not all of them are on the left." "This confirms that this is a decisive election in Europe" , said Mr. Holland. "Our ideas are making headway and the French vote is probably contributing a lot to this" , he said.
S'il est élu, M. Hollande adressera, au lendemain du second tour, un "mémorandum" à ses homologues européens  afins de leur proposer une "renégociation du traité européen en quatre points" : le candidat socialiste entend renégocier ce texte dans un sens favorable à la croissance et veut y inclure des euro-obligations pour financer des projets d'avenir, donner à la Banque européenne d'investissement (BEI) plus de possibilités de financement, introduire une taxe sur les transactions financières et mobiliser les fonds structurels non utilisés.If elected, Mr. Holland will address the day after the second round, a "memorandum" to his European counterparts in order to propose a "renegotiation of the EU treaty in four points" : the Socialist candidate means to renegotiate the text mean in a way favorable to growth and wants to include Eurobonds to finance projects of future, to give the European Investment Bank (EIB) more possibilities to finance itself, introduce a tax on financial transactions and mobilize unused structural funds.


It is rightly acknowledged that people of faith have no monopoly of virtue - Queen Elizabeth II
by eurogreen on Wed Apr 25th, 2012 at 11:29:40 AM EST
[ Parent ]
Oh yes, let's have that growth pact before Hollande is in office.
by Katrin on Wed Apr 25th, 2012 at 11:37:06 AM EST
[ Parent ]

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