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.
Sunday, March 21, 2010
Wednesday, March 17, 2010
Wich Kind Of Skats Thes Ovechkin Has
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:
"
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! ...
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:
"
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.
"
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! ...
Monday, March 15, 2010
Thank You Notes After Funeral Topastor
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:
"
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:
»
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:
"
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
»
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