"Sijoita vain bisneksiin joita pystyy johtamaan kinkkuvoileipä, koska ennemmin tai myöhemmin sellainen on johtajana." Sopii hyvin myös politiikkaan.
Another EU
budget summit, Berlusconi’s polling rises, and a big month for same-sex
marriage in Europe.
Race against time – The
Economist
Public
backing for harsh reforms and austerity in the peripheral countries will be
eroded if growth remains elusive. That could make it harder for the ECB to
follow through on the commitment that stemmed the crisis: supporting
beleaguered countries with unlimited purchases of their short-term bonds if
they apply for help from the European rescue fund and accept the stringent
terms for such a bail-out. If politics in the periphery turns sour, that sort
of conditionality could prove impossible to enforce.
Leaders
keep talking about the future of Europe, yet none seems able to offer a clear vision.
How to read the EU budget deal? – bruegel
The latest
deal is much lower than the European Commission’s proposal.
Monetary policy and
firing costs – voxeu.org
Eurozone labour markets are under stress. This column
explores the connections between labour-market reform and macroeconomic policy,
arguing that with its large differences in firing costs, normal Eurozone
monetary policy is inappropriate for several Eurozone countries. If the
efficacy of the ECB’s policy is impaired because there is no harmonisation of
firing costs, tensions will continue to rise within the Eurozone.
As European leaders get ready to negotiate the EU
budget at a summit in Brussels on
Thursday, Britain is
debating whether membership in the bloc makes any economic sense. Perhaps
surprisingly, it's virtually impossible to find hard proof of any net benefit.
The Good, the Bad, and the Greek (Risks) – John
Mauldin / Big Picture
ECB
Draghi: "Sell The EUR" Wink, Wink,
Nudge, Nudge – ZH
Third LTRO Put-Back Post-Mortem: €5 Billion
Down, €873 Billion To Go – ZH
The ECB’s Shrinking
Balance Sheet – PragCap
SPAIN
The ruling
conservative party is shaken by a damaging corruption scandal
Awkward questions for Rajoy – The
Economist
If
democracy is to retain Spaniards’ trust, the country’s political parties must
be reformed.
ITALY
How A Previously Secret Collateral
Transformation With The Bank Of Italy Prevented Monte
Paschi's Nationalization – ZH
The U.S. looks set to grow faster than most
advanced economies in 2013, but there's a downside to being the cleanest dirty
shirt in the laundry pile: a wider trade deficit.
http://blogs.wsj.com/economics/2013/02/09/number-of-the-week-expect-wider-trade-gap-in-2013/?mod=WSJBlog
QE3 debate kicks into high gear: Get ready for
an assembly line of Fed speeches – MacroScope
/ Reuters
As the
guessing game to see who becomes the next Bank of Japan governor intensifies
with a little more than a month to go before a new leader is expected to take
office, two former deputy governors have emerged as favorites within the
financial markets.
The Koizumi years: A macroeconomic puzzle – noahpinion
During the years of 2000-07, Japan grew quite quickly when measured properly (as GDP/working age population), substantially faster than the United States after accounting for demographics. However, during this entire time, it was stuck deep in a liquidity trap, and undergoing austerity by both government and banks.
During the years of 2000-07, Japan grew quite quickly when measured properly (as GDP/working age population), substantially faster than the United States after accounting for demographics. However, during this entire time, it was stuck deep in a liquidity trap, and undergoing austerity by both government and banks.
The Life of the Party – Foreign Affairs
The post-democratic
future begins in China
Democratize or Die – Foreign
Affairs
Why China's communists face reform or revolution
China's State
Council is usually described as the nation's equivalent of a cabinet. But when it comes to economic reform, its
role often seems closer to that of the New York Times editorial board – a font
of sensible liberal ideas that are unlikely to be implemented.