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What was sold as economic necessity was always a political choice...

Index of Frank's Diaries
by Frank Schnittger (mail Frankschnittger at hot male dotty communists) on Wed Mar 25th, 2020 at 10:12:06 AM EST
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However (should we say "en même temps"?), the same neolib government has issued decrees relaxing a number of labor protection rules about maximum working hours (up to 60 per week) and other safeguards. These kind of war time "exceptions" tend to stick around once the crisis is over.

To be fair, the bulk of the measures are still socialist-like: unemployment benefits extended without having to justify, government financed furlough rather than layoffs, extra pay for those workers on the front line.

Macron just announced on TV "a major plan to finance and improve hospitals and healthcare workers careers"; a day late and a euro short.

by Bernard on Wed Mar 25th, 2020 at 07:26:38 PM EST
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No to Corona bonds

Shot down by the usual suspects.

FRANKFURT -- Europe's currency union is passing up what could be its last chance to address its fatal flaw.

Eurozone finance ministers on Tuesday batted away suggestions that the coronavirus pandemic could be the catalyst for joint debt instruments, which would be the definitive statement that its members will stand by each other financially whatever happens.

Instead, the Eurogroup ministers made clear that whatever national governments have to spend to beat the virus, it will ultimately be for them to pay back.

[...]
the difference in borrowing costs will persist as long as a shared debt instrument -- along with other elements of a fiscal union to accompany the euro -- are off the table.

Nine EU prime ministers, including those of Italy, France and Spain, on Wednesday called for such a bond to raise money for battling the economic fallout. They pushed the idea in a letter ahead of a videoconference summit meeting Thursday.

Northern skeptics are still lined up against the notion. After initially noncommittal noises from Chancellor Angela Merkel, German Economy Minister Peter Altmaier told Handelsblatt this week that talk of "corona bonds" was "a phantom debate."

A corona bond would come with a guarantee from all member countries. That would put the financial firepower of Germany and the Netherlands behind a credit that might be used mostly to support other, weaker economies.



It is rightly acknowledged that people of faith have no monopoly of virtue - Queen Elizabeth II
by eurogreen on Thu Mar 26th, 2020 at 11:25:43 AM EST
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The EU is as dead as Joe Biden and it's time to learn Chinese.
by generic on Thu Mar 26th, 2020 at 12:38:49 PM EST
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The Silk Route is near ...

Even Putin is traveling the road into heartland Europe where normally the US would operate ... time's a-changing.

From Russia with Love - Putin

In an age of White House lies and propaganda, the Trump era ...

    According to accounts from several social media platforms, the State Department has been reluctant to share evidence of disinformation, making it difficult for Americans to know what to look out for. As the novel coronavirus outbreak has grown in recent weeks, the State Department has informed the press of conspiracy theories about the outbreak that are being spread on social media platforms such as Twitter, Facebook, and Instagram. Many of the accounts spreading these theories appear to be from Russia, the State Department says.

Similar criticism came from US leadership about China, Wuhan and the Democratic hoax.

Global Warming - distance between America and Europe is steadily increasing.

by Oui on Thu Mar 26th, 2020 at 01:05:07 PM EST
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From Trump's heartland ...



Global Warming - distance between America and Europe is steadily increasing.
by Oui on Thu Mar 26th, 2020 at 01:05:52 PM EST
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