As the Euro crisis intensifies, an even more serious crisis is brewing in the background, that of impending climate change that threatens not just Europe, but all of humanity. Recent figures on green house gas emissions that exceed the worst case scenario predicted by scientists have shocked the global community.
At the same time, it has become clear that the biggest missing element from all of the European Union's proposals to stem the Euro crisis has been the absence of any growth strategy. Without growth in Europe, we are all doomed to a fate of debt and deflation.
The 99% and Occupy movements have stimulated a wide-ranging public debate about the lack of opportunities, for those at the bottom rungs of society, as well as about the rising levels of inequality accross the world. The EU now has receod unemployment.
In a new Re-Define policy brief we have addressed the all important question of the incidence of financial transaction taxes, seeking to answer the question ‘who pays in the end’, should FTTs be widely introduced. We also demonstrate how a differentiated transaction tax regime can address market behaviour issues such as churning and excessive short termism as well as help reduce systemic risk.
1 week 1 day ago —
RT “@standardpoors: Is austerity being relaxed in the #Eurozone – and does it matter for ratings? http://t.co/A2YRl6IkFd”
1 week 1 day ago —
Many in the #EU r “@Jeffrey_Black: @WhelanKarl Asmussen said today central banks can operate for a while with negative capital if needed..”
1 week 1 day ago —
Given the widespread misunderstanding that the #Bank in #CentralBank causes particularly in #Germany I propose renaming them #MoneyCreators
1 week 1 day ago —
Well done @ecb 4 finally explaining 2 #Karlsruhe that #CentralBanks are not really #Banks & 'losses' are not really losses. Take that #Buba
1 week 1 day ago —
Important @LorcanRK: http://t.co/WS0jexvH6i see under "possible consequence" to see how @ecb could handle a loss (without hitting taxpayers”