re-define's blog
A Growth Compact for the European Union
by Sony Kapoor, Managing Director Re-Define & Peter Bofinger, Professor, Würzburg University,Member of the German Council of Economic Experts
THE CONTRACTING PARTIES………….
CONSCIOUS of the need to tackle the unprecedented social, political, economic, employment and institutional challenges confronting the Union, and
RECOGNIZING that promoting growth is the best possible way of rising up to these challenges, thus
DESIRING to kick-start growth in short-term and construct structures and implement policies that put the Union on a path of higher growth in the long-term, especially as only growth will create the economic and political space to enact the serious structural reforms the Union needs, and
It's time to change course in the EU
This appeared as an opinion piece in the Danish newspaper Börsen on 13/1/2012
The EU’s response to the most serious crisis of our lifetimes is failing. The austerity-only path we have embarked upon is a road to recession with deeper unemployment, welfare losses and increasing social frictions.
When excessive levels of Greek debt were first revealed at the end of 2009, it was shocking how quickly the narrative of the crisis changed from one of a financial crisis to that of a fiscal crisis. This change was driven by politics and ideology where leaders in some countries found it easier to blame ‘lazy Greeks’ for the crisis rather than address endemic problems in their banking system. The weakness of the financial sector was pushed out of sight and Europe is now paying the price. Despite enjoying unprecedented public support, the EU banking system remains broken and is failing in its job of supporting the real economy.
Re-Define Testimony at European Parliament Hearings on Financial Transaction Taxes
Please click below to see an archived webcast of the European Parliament Testimony of Re-Define Managing Director Sony Kapoor on Financial Transaction Taxes. This hearing was conducted by the full ECON committee on the 2nd of December 2009.
Sony Kapoor European Parliament Testimony on Financial Transaction Taxes
For the speech please look at time stamp 16:20:10 to 16:27:20 and for answers to MEP questions please look at time stamp 17:01:20 to 17:09:00.
A copy of the submitted written Testimony of Mr Kapoor will be available both here and on the European Parliament website on Monday the 7th of December.
Other details of the hearing can be accessed here.
