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crisis, the austerity plans, the return of the left and the expectations of GEAB

PressEurop.eu publishes article The austerity plan goes wrong whose subtitle is " From Greece to Ireland, the European Commission urges Member States to make painful cuts their spending. But this "cult of austerity", which threatens to push Europe further into recession, is increasingly criticized. "

can not fail to bring the Greek election that sent a socialist government in power, measures that Greece is obliged to take to eliminate their deficits, the sovereign debt many states (see
GEAB 43 believes that France is among the 8 most dangerous sovereign risks that Greece ) reaching dangerous levels, calling the same kind of measures the Greece was forced to take, and the latest
2010 parliamentary elections that saw the landslide victory of the Left March 21, 2010.

Article The austerity plan goes wrong shows the complexity of managing the crisis, reinforced by the fact that it all economies will hurt, not just some which should help:
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The debate is partly economic but also political. Faced with an unprecedented economic crisis since its creation, the EU seeks to define its mission. "The euro faces the greatest challenge in its history," said Angela Merkel in the German lower house of Parliament on Wednesday. "A simple gesture of solidarity will not solve anything. We must address the root problem. Greece has no choice but to reduce spending."

France has adopted a different approach, more Fresh: public spending should increase in times of crisis to spur growth and create jobs. These measures will help to gradually reduce the deficit by increasing tax revenues. Many European countries need to streamline their public sectors, "says Paris, but it is not necessary to go through shock therapy.

Germany defends however strongly the need to make major cuts as well as tax increases and reforms of the pension system. Berlin also wants to postpone the retirement age and return, in accordance with European requirements, deficits of member states closer to the 3% of GDP - nothing to do with the 12.7% of Greece for 2009.

Austerity triggered the Great Depression

According to some, it is this cult of austerity that would have helped trigger the Great Depression. Fitoussi says he could plunge the country into deflation Mediterranean, creating serious social and political tensions and short-circuit the economic recovery of Europe. According to forecasts, the majority of countries Southern Europe will be affected by the recession for another year or two.

If Greece must, obviously, to reform its public sector - and stop manipulating its economic indicators - it is not necessary to sacrifice the whole economy to restore confidence markets, says Fitoussi, near Stiglitz, American economist and adviser to the Greek government. The latter warns against "fetishism budget," explaining that with the continuing recession, the deficit may soon exceed the capacity reducing government spending.
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The LEAP / GEAB tip a long time now numbers in its various consequences of this crisis.

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Employment and Seniors - What future and what kind of management by business and society - Bearing Point survey

The consulting firm Bearing Point has released its second Panorama HR entitled " The seniors at work: what management for which job? ".

The question of the age at which one becomes a senior is inevitable, especially given the numerous devices to stop activity anticipated but also the behavior of firms that have widely used these devices to externalize the problems of seniors, many of the prior company about seniors and senior citizens vis-à-vis themselves and their capabilities, and no less incourt link with the age of retirement.

Extract from the report in § 1.4.1:
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Position on the concept of senior wide age is not easy. Thus, a recent survey (published in Cahiers du HRD in September 2009) has demonstrated the lability of this concept: one source to another, the senior could be aged 35 to 71 years, the definition of "senior 35" itself being provided by an HRD! In our quantitative survey, the age for senior HRD stands closer to 50 years but the variations are such that it is really difficult to build consensus on the age of one senior between 45 and 64.
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3 is instructive, with still a quarter of the companies we consider to be senior starts from 45 years! And 66% considered we are senior age 50.

With such performances, how an entrepreneur who legitimately assess the sustainability and profitability of investments, including HR, can decide to invest on senior citizens?

This gives an idea of the changes that are needed, both in perception and minds in the practices of all actors of society - employers, employees, unions, political parties, ... - To make the employment of older more than a law: a reality! ...

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GEAB 43 believes that France is among the 8 most dangerous sovereign risks that Greece

The GEAB in Focus Issue 43 March 2010 estimated that France is in 7th place of the "Top eight sovereign risks more dangerous than Greece . Preview

GEAB 43:
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As our team had the opportunity to repeat regularly, illustrating it with many examples, no one today can not trust the macroeconomic statistics Economic Western states (52). We have therefore chosen to focus on this aspect that drives the financial markets and dealing a factor measurement remains fairly reliable (53).

To classify countries, we included three factors: the percentage of deficit to GDP ratio in 2009 and 2010, net borrowing induced by absolute value and the likelihood for supervised the evolution of the deficit horizon 2012/2013. The first two factors, quantifiable (Sources: National accounts, Eurostat and OECD), determine the ranking and the third factor determines the color code of the country, namely: red =
trend towards worsening , orange = stabilizing trend , green = improving trend , or in other words, red = will remain in this list by 2012/2013 and probably climb in the rankings , orange = will remain in the list and green = will probably out of this list.
[...]
Sort of the most dangerous at least dangerous, the eight countries whose sovereign risk is more important than that of Greece are:

• 1. U.S.
• 2. UK
• 3. Ireland
• 4. Netherlands
• 5. Japan
• 6. Spain
• 7. France
• 8. Portugal

There is incidentally found in the rankings three of the country (with two in mind) which, since 2006, our team had stressed the high exposure to the global systemic crisis: U.S., UK and Spain. Like what, phase after phase of the crisis (real estate, banking, economy and public finances now), some countries see their credibility and wealth systematically eroded. Indeed, this process of erosion continues, which leads directly to economic collapse, social and monetary, which is at the heart of the phase dislocation géopolitique globale et dont Etats-Unis et Royaume-Uni sont les victimes par excellence.
»

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Disrupt to Succeed - Forbes - Adam Hartung Explains How We Were Taught not to innovate

Adam Hartung 's post Disrupt to Succeed - Forbes worths reading as it gives clues to understand how people are taught not to innovate, not to disrupt ! And it starts from their youngest age, like a brain washing ! So we all have to unlearn what we were taught to succeed.

Here is an excerpt of Adam Hartung 's post
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"From the day we start kindergarten we fear the teacher's call to our parents saying, "Hello Mr. and Mrs. Smith. I'm sorry to tell you that Mary has been disruptive in class." We are taught, trained and indoctrinated to go along and get along, to not disrupt. In fact we're constantly told to seek harmony. But in business that can destroy your entire value."

That's the first paragraph from my Forbes.com column, posted today, " To Succeed You Must Seriously Disrupt ." Companies that don't Disrupt remain Locked-in to Success Formulas with declining value until all hope is lost - just look at Sun Microsystems. [...]
»

Read the whole post Disrupt to Succeed - Forbes and continue with the story To Succeed You Must Seriously Disrupt on forbes.com .

By the way, if You Do not Have Already read Adam Hartung 's book Create Marketplace Disruption , Remind That time is ticking and your
Surely Competitors will not wait for you! ... A book extract Can Be Found in the book post Create Marketplace Disruption - Adam Hartung: the need for innovation

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Concerns about the state debt - and if Greece was a laboratory?

debt of Greece worried because it reaches 113% of GDP ( debt of Greece agencies in the sights ). Yet it is far from being the only country whose public debt is exploding, especially after multiple plans to support banks and reviving the economy. Thus, public debt of France was assessed by the end of the third quarter of 2009 to 1 457 billion euros, or about 75.8% of GDP. And it's even worse for Japan, whose debt is expected to exceed this year's 200% of GDP (source: debt worries Japan). The United States is not in a situation much better with their few dollars to 12 trillion national debt (source U.S. Economy - Debt ). The

Summary of State Loan dates from 2005 but gives an interesting glimpse of the debt situation of different countries, keeping in mind that the situation has deteriorated and the crisis. Note also that the public debt can be measured in different ways, which leads to different debt levels.

Anyway, Greece is not alone in worrying now, she is joined by Ireland, Spain and even Great Britain (cf. Deficit, Debt , Growth: Who comes out best in Europe? ). The measures taken by the Greek government to reduce its deficit has already led to two general strikes (see New general strike in Greece , General strike in Greece on Wednesday , Greece back down the street on Thursday ).

One wonders if Greece, Ireland and the various states that are still having to take austerity measures do not serve as a laboratory for other countries whose debt levels should not delay call also similar measures.


(source: Greece's Third Try: will it be enough? )