FEPS Fresh Thinking

Archives for Uncategorized

Even before the next hearing on Friday this week, the allegations against the head of the IMF are obviously challenging for the future of the IMF and, in the international press, discussion continues over possible successors of Dominique Strauss-Kahn. However, we should be aware that the question of the successor would have been in any… » read more

Posted by Ernst Stetter

Portugal negotiated without much noise its bail-out deal with the EU and the IMF. Portugal will receive €78 billion in loans, including up to €12 billion for the banking sector. The loans will span until 2013, after which Portugal is expected return to the markets to finance it. The interest rate Portugal will pay on… » read more

Posted by Ernst Stetter

The Group of 20 Finance Ministers and Central Bankers who met last Friday in Washington took only a small step towards monitoring “international economic imbalances” among the world’s leading trading nations. They agreed on a set of so called “indicative guidelines” with which to measure those imbalances and to strengthen coordination in order to avoid… » read more

Posted by Ernst Stetter

Last week’s European Council took the decision to undertake stress tests for all existing European nuclear power plants by the end of the year. After these tests, the decision will be taken as to whether the security is sufficient to run the different nuclear power plants! But all experiences show that such a policy decision… » read more

Posted by Ernst Stetter

The recent peremptory statement of the President of the European Central Bank (ECB) on the increase of wages (“the worst thing to do at the present moment”) illustrates the point at which the “TINA” (there is no alternative) mentality came into being in European economic circles. Therefore, there would only be one way to exit… » read more

Posted by Ernst Stetter

The Forgotten

Anniversaries are meaningless unless they offer new perspectives. For Clara Zetkin, the right to work was essential for the recognition of women in society because it is only with a stable job that anyone can gain independence. That was over a century ago and if the fighting initiated by this progressive activist has changed the… » read more

Posted by Ernst Stetter

Being at the World Social Forum in Dakar last week and listening to people, speeches as well participating at debates I sincerely got the impression that the relationship between Africa and Europe also needs change. Like the North African states, Europe has for too long defended “traditional” cooperation. From the time of independence – 50… » read more

Posted by Ernst Stetter

The recent uprisings in the Maghreb region have exposed the double standards with which Europeans apply “universal values”. We are happy to talk ad nauseum about our own popular movements that brought our peoples out from under the yoke of dictatorship, poverty and oppression. Recent events in Tunisia, Egypt and elsewhere in North Africa reflect… » read more

Posted by Ernst Stetter