oAnth's day by day interests - via its scoop.it contacts
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oAnth's day by day interests - via its scoop.it contacts
An aggregator for (oAnth's) daily interests in humanities, arts, science, geography, economics, politics - academia, education - activism, advocacy - itec, free software, open source, open access, open knowledge - languages in use: mostly EN, FR, DE
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Rescooped by oAnth - "offene Ablage: nothing to hide" from Economics: Its History and Politics
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Roubini: Ten QE Questions

Roubini: Ten QE Questions | oAnth's day by day interests - via its scoop.it contacts | Scoop.it
Most observers regard unconventional monetary policies such as quantitative easing (QE) as necessary to jump-start growth in today’s anemic economies. But questions about the effectiveness and risks of QE have begun to multiply as well. In particular, ten potential costs associated with such policies merit attention.

 

First, while a purely “Austrian” response (that is, austerity) to bursting asset and credit bubbles may lead to a depression, QE policies that postpone the necessary private- and public-sector deleveraging for too long may create an army of zombies: zombie financial institutions, zombie households and firms, and, in the end, zombie governments. So, somewhere between the Austrian and Keynesian extremes, QE needs to be phased out over time.


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Scooped by oAnth - "offene Ablage: nothing to hide"
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Egypt bakers threaten strike over payments

Egypt bakers threaten strike over payments | oAnth's day by day interests - via its scoop.it contacts | Scoop.it

Egyptian bakers are threatening strike action unless the government meets demands including back-payment of financial incentives, raising the prospect of fresh unrest in the crisis-ridden north African country.

Abdullah Ghorab, head of the bakers' association which represents 25,000 private bakeries across the country, said imminent strike action has been postponed following a meeting with the government. The association gave the government 15 days to meet its demands.Any shortage of bread in Egypt would likely touch off unrest as the government grapples with an economic crisis rooted in two years of political turmoil. The heavily-indebted state faces a deficit that will hit 12.3 percent of GDP in the year to the end of June unless economic reforms are implemented.
 A country of 84 million, Egypt is the biggest importer of wheat in the world. The state has long subsidised bread production, with the cheapest loaves selling for 5 piastres, or less than 1 US cent.(...)Ghorab said the 25,000 privately-run bakeries represented in his association include 19,000 that produce 5-piastre loaves, and 6,000 more that produce 20 piastre loaves. The state operates another 107 bakeries, he added. Ghorab said the government owed bakeries 400 million Egyptian pounds ($59.34 million) in payments dating back six months. The payments cover an incentive paid to bakers to produce low-price loaves and an extra subsidy to cover higher fuel prices. "The head of the government and the supply minister came to us and promised that within 15 days they would meet the demands of the owners of the bakeries," Ghorab said. More on: http://www.tradearabia.com/news/MISC_231522.html

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Rescooped by oAnth - "offene Ablage: nothing to hide" from Economics: Its History and Politics
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Ireland - The Star Pupil Of The Euro Fiasco

Ireland - The Star Pupil Of The Euro Fiasco | oAnth's day by day interests - via its scoop.it contacts | Scoop.it
In a recent talk in London Peer Steinbrück, the SPD candidate for the German Chancellorship, in an otherwise progressive talk referred to Ireland as the "star pupil" among the countries struggling ...

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Rescooped by oAnth - "offene Ablage: nothing to hide" from Chronique des Droits de l'Homme
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CADTM - Allemagne-Grèce : deux poids, deux mesures - Voici 60 ans, l’annulation de la dette allemande

CADTM - Allemagne-Grèce : deux poids, deux mesures - Voici 60 ans, l’annulation de la dette allemande | oAnth's day by day interests - via its scoop.it contacts | Scoop.it

Voici 60 ans, en février 1953, à Londres était signé un accord historique sur la dette allemande. Les termes de l’accord signé tranchent radicalement avec la manière dont est aujourd’hui traitée la Grèce. Après la seconde guerre mondiale, de multiples conditions ont été réunies pour permettre à l’Allemagne de l’Ouest de se développer rapidement en permettant la reconstruction de son appareil industriel. Non seulement la dette contractée par l’Allemagne en-dehors des deux guerres mondiales a été réduite de plus de 60%, mais le règlement des dettes de guerre et le paiement des réparations aux victimes civiles et aux Etats ont été reportés à une date indéterminée : de fait, à la réunification allemande qui est intervenue en 1990 et au traité de paix qui a été signé à Moscou la même année entre les autorités des deux Allemagnes en cours d’unification, les Etats-Unis, l’URSS, le Royaume-Uni et la France. Le poids des réparations sur l’économie allemande a donc été longtemps différé. Et dans le cas des réparations dues à la Grèce, celles-ci n’ont pas représenté le moindre effort de la part de l’Allemagne puisque les autorités allemandes refusent de donner suite aux demandes grecques...

 

 


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Scooped by oAnth - "offene Ablage: nothing to hide"
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Qatar's influence in Egypt runs deeper than its pockets

Qatar's influence in Egypt runs deeper than its pockets | oAnth's day by day interests - via its scoop.it contacts | Scoop.it
Qatar's generosity towards Egypt is widely seen by non-Islamist Egyptians as the Gulf state seeking to establish a foothold in countries that have been swept by Arab Spring revolts.

(...)

Qatar was an anathema to former Egyptian president Hosni Mubarak, who had made no secret of his contempt for the super-rich state and what he saw as its propaganda tool, Al Jazeera television.

But all that changed with the fall of the Mubarak regime in 2011 and the rise of the Muslim Brotherhood as Egypt's most powerful political group.

Qatar has since poured billions of dollars into Egypt, mostly as bonds to bolster the country's fast-dwindling coffers. Top Qatari officials, from the emir down to the head of his intelligence agency and the powerful prime minister, have been frequent visitors to Cairo in recent months.

On the Egyptian side, the Brotherhood, rather than the foreign ministry, controls the country's dealings with Qatar. Khairat El Shater, a wealthy businessman and arguably the Brotherhood's most powerful figure who was disqualified from running in the country's 2012 election for president, has been the regime's point man on relations with Qatar, frequently flying there on unannounced visits.

Top Qatari officials say they are helping Egypt because they do not want to see the country's economy continue to sink. (The National)

 

More : http://www.thenational.ae/news/world/middle-east/qatars-influence-in-egypt-runs-deeper-than-its-pockets

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Rescooped by oAnth - "offene Ablage: nothing to hide" from Occupy Belgium
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Nous ne devons rien ! Nous ne paierons pas !

Nous ne devons rien ! Nous ne paierons pas ! | oAnth's day by day interests - via its scoop.it contacts | Scoop.it

Des activistes européens se réunissent en Grèce pour discuter du problème de la dette, coordonner les stratégies de résistance et proposer des alternatives.


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