Tag Archives: European Union

German imaptience with Southern European irresponsibility

Open Europe news summary:

German tabloid Bild asks “Will Italy’s political clowns destroy the euro?”, while in an op-ed, Ernst Elitz argues that “After these elections it is clear that the future of our continent will not be decided in Brussels or Berlin but in individual member states that have almost been declared dead already. If the voters there do not vote with understanding but rather on a whim then no bailout fund can help”. Writing in FAZ, Anton Börner, President of the Federation of German Wholesale, Foreign Trade and Services (BGA), argues that “Monetary stability cannot be negotiated and we need to send a clear message to the South: For us there is life after the euro.”

Anti-Euro Party Appears in Germany

I hope the 65% of Germans who oppose the Euro support these guys, but I doubt it.

open quoteWell, it was probably only a matter of time: a German anti-euro party has just come onto the scene.

Deutsche Wirtschafts Nachrichten reports that the new party will launch in April under the name “Alternative for Germany”. The party appears to be an offspring of “Wahlalternative 2013” (Election Alternative 2013) – a group consisting mostly of academics but also including Hans-Olaf Henkel, the well-known and outspoken former head of Germany’s employers federation BDI.close quote (Read more)

Guaranteed Employment, say EU Ministers!

open quote

Young people without a job will be guaranteed the offer of employment, training or further education under a new decision agreed yesterday (28 February) by EU national ministers.

The new scheme, to be introduced by each EU country according to its individual need, will apply to young people who are out of work for more than four months. It aims to give them a real chance to further their education, or get a job, apprenticeship or traineeship.
One in five young Europeans is jobless. In countries such as Greece and Spain, half are unemployed.

“Too many young Europeans are asking if they will ever find a job or have the same quality of life as their parents,” European Commission President José Manuel Barroso said, welcoming the ministers’ decision.close quote (Read more)

The nine men, from Berkshire and Oxfordshire, are accused of sexually exploiting six girls, aged between 11 and 15

open quoteThe defendants, all in custody, are:

Kamar Jamil, 27, formerly of Aldrich Road, Oxford
Akhtar Dogar, 32, of Tawney Street, Oxford; and his brother Anjum Dogar, 30, of Tawney Street, Oxford
Assad Hussain, 32, of Ashurst Way, Oxford
Mohammed Karrar, 38, of Kames Close, Oxford; and his brother Bassam Karrar, 33, of Hundred Acres Close, Oxford
Mohammed Hussain, 24, of Horspath Road, Oxford
Zeeshan Ahmed, 27, of Palmer Road, Oxford
Bilal Ahmed, 26, of Suffolk Road, Maidenhead
close quote (Read more)

European Commission opposes UK tax reduction

From Open Europe news summary:
open quote

Commission takes UK to ECJ over reduced VAT rate for energy efficient goods
The UK Government is being taken to the ECJ by the European Commission for offering reduced VAT rates to encourage homeowners to make their houses more energy-efficient. The European Commission claimed yesterday that, under EU rules, such VAT reductions must be linked to “social policy.”close quote

The role of the euro as debt disease carrier

Patrick Barron: open quoteContrary to the euro-federalists’ claims, the euro does not help the sick countries of Southern Europe get healthier. It is more instructive to think of the euro as the carrier of the debt disease of the southern tier countries in Europe to the healthier northern tier countries. A fiscal union would enshrine this process as a classic socialist policy with classic socialist results; i.e., capital will be plundered in all eurozone countries until it is exhausted.close quote

Interview with former Minister of Employment in Sweden, Sven Otto Littorin

***

I make the argument against Sweden as a socialist paradise quite often. It usually goes like this:

4 Arguments against Sweden as an example of socialist success

1) Sweden’s wealth can be attributed to the fact that it has been peaceful longer than any other country in Europe, including Switzerland. It used to have a radically free economy. Completely free trade. It even had competing currencies until 1903.

2) Sweden’s welfare state ballooned in the 50s and 60s. Since then, Sweden’s economy has slowed considerably. In one albeit controversial study published in the Swedish Economics Association’s journal Ekonomisk Debatt in 2009, Ratio Institute economists Bjuggren and Johansson found that there has been NO JOB CREATION AT ALL in the private sector from 1950 to 2005.

3) Sweden is still has some economic freedom. Their corporate tax rate is considerably lower than the US’s. They rate extremely well on Heritage’s scale (18th).

4) Even if you think these argument are BS (which they aren’t), you have to ask yourself why the Swedish people elect politicians who call themselves conservative and cut taxes. In 2010, they re-elected politicians who cut taxes on everybody, including the super rich.

***

Side note: My libertarian friends in Sweden are outraged that the reforms in Sweden which pass for free-market reforms are thinly veiled corporatism and other corruption.

Let’s talk about the exodus of 600,000 whites from London

open quote Imagine if Glasgow disappeared. Not overnight and not physically, but imagine if everyone who lived there decided to leave, in the space of 10 years. Argyle Street, in the city centre – empty. Byres Road, next to the university – derelict. The Crow Road – abandoned (except, perhaps – if this were an exciting new BBC drama – for an old Iain Banks novel, rain-damaged pages flapping in a gutter, symbol of the great evacuation). All those tenements, riverside apartments, suburban villas, all lying vacant. You’d sort of notice, wouldn’t you? You’d expect people to talk about it, at least.

If your geographic history differs from mine, and you’ve no mental image of Glasgow to play with, consider, instead, Sheffield, or Nottingham, or Belfast. All cities of about 600,000 people. Imagine if everyone who lived there upped and left.

Not the opening scenes of a dystopic science fiction screenplay, but the unfictional, real London, whose white British population has declined by roughly the population of those cities in the 10 years between the last two census surveys. “White British” (as opposed to Eastern European) citizens now make up less than half of London’s population. This is a change of profound significance, by any historical benchmark.

We have an ugly phrase to describe the phenomenon – I used it a fortnight ago, in a piece about the Tories’ attempts to woo votes from ethnic minorities (a term whose meaning has changed: in London, at least, we’re all “minorities” now). The departure of people from London’s hitherto majority grouping is called “white flight”.

It’s tempting to be caustic about the current, undoubtedly brief, spasm of media interest in the phenomenon. No one seemed to mind as inner London became more and more multicultural: that was what made it so “vibrant”, after all.

. . . .

To read the BBC article, by the home editor Mark Easton, there is nothing to worry about. Indeed, the historic shift of London, from a city of white Britons to a mixture of minorities, is a cause for celebration, and not just because of that oft‑lauded “vibrancy”.

That the proportion of white people in the borough of Barking and Dagenham has dropped from four fifths to less than a half in a decade is nothing more than the natural desire of increasingly prosperous people to retire to the seaside. I’m paraphrasing Mr Easton a little, but that was more or less the suggestion in his commentary. It’s a rising tide of prosperity that first of all flushed the Eastenders from Bethnal Green to Dagenham, and it’s the inexorable rise in property values that leads their descendants to move from metropolitan Essex to that beautiful county’s coastline.

“Leigh[-on-Sea],” said Mr Easton, “is a particular favourite.” After all: “Many residents from Barking and Dagenham will have taken the train along the Thames Estuary towards Southend on a work excursion – the old beano to the seaside.” And so everything is dandy?

. . . .

Take Bethnal Green. The people leaving Dagenham now are themselves displaced Eastenders. The borough they first left behind would be unrecognisable to their grandparents, with a mayor whose election was supported by an Islamist group with unpleasant (to put matters mildly) views.

Hate crimes disfigure its streets: in an ironic reversal of one reason for the East End’s fame – that it was where indigenous, working-class Londoners faced down home-grown fascists – the streets of Bethnal Green and Whitechapel are now scenes of increasingly violent attacks on gay people.close quote

‘the four suicide bombers driving around ready to take on England’

www.guardian.co.uk/uk/2013/feb/21/suicide-bombers-four-lions

Often the FBI thwarts its own terror plots. Perhaps this is the British equivalent — another false flag. On the other hand, this could be construed as a “blessing” of multiculturalism. Even if 99.9% of Muslims in Britian are perfectly law abiding, that still leaves a huge number of psychopaths.

A multicultural society must be a heavily policed society.

Gunman shoots at Danish critic of Islam

open quoteCOPENHAGEN, Denmark — A gunman tried to shoot a Danish writer and prominent critic of Islam on Tuesday, but missed and fled after a scuffle with his intended victim, police and the writer said.

Lars Hedegaard, who heads a group that claims press freedom is under threat from Islam, told The Associated Press he was shaken but not physically injured in the attack at his Copenhagen home.

Police said they were searching for the suspect, whom they described as a “foreign” man aged 20-25.close quote (Read more)

The ECB Worries About Competition From Bitcoins

This reminds me of how the Post Office sued the Cub Scouts because it feared competition.

open quote Here is another one from the “you couldn’t make this up” department (the ECB is a rich fount of those). The ECB is apparently worried that the digital currency bitcoins could ruin the reputation of central banks. Seriously. At least that is what they are saying.

According to Bloomberg:

An increase in the value of bitcoin, the world’s largest online currency, may fuel concerns that virtual money could undermine the role of central banks.

The CHART OF THE DAY shows that bitcoin has more than doubled in the past 12 months, strengthening to $16.37 from $5.88, according to data from Mt. Gox, the world’s largest bitcoin exchange. The money, issued by a decentralized network of computers, has recovered after falling to $2.14 in November 2011 from a high of $29.58 five months earlier.

close quote (Read more)