Yet even as governments gain power relative to national parliaments, they don't have the strength to stabilize the euro. After each meeting in Brussels, the crisis takes a small break. But then it re-emerges, worse than ever before.
One could see the whole thing as a duel between politicians and the financial markets -- but if it is, the politicians aren't looking good.
I cannot say it better then Dirk Kurbjuweit in Der Spiegel.
Accoding to Dirk Kurbjuweit financial companies are not obligated to serve the general good. They are under no pressure to legitimize their actions, they operate in a secretive way, and they pursue a clear goal that they are wildly determined to achieve: high yields.
The economy has all the advantages. Politics, by contrast, particularly on the European level, is cumbersome. National leaders must legitimize their actions and reconcile conflicting interests and goals, and they must do so under the watchful eye of the public. They grapple doggedly over the euro, and sometimes things get ugly. But they are almost never successful.What do you like about that Kurbjuweit´s thesi:
He is saying, at the moment, European politicians cannot speak openly about one of their most important issues, the euro. All it takes is a few words uttered by a finance minister for the banks to react with the extreme sensitivity. They immediately shift billions in assets, often to the detriment of entire nations. Words have become expensive, and that makes them dangerous.
Then: The banks and investment firms now play the role once held by the gods. Hardly anyone dares to criticize them, and fear of their wrath guides the behavior of politicians. Many are reluctant to speak frankly, while others seek refuge in lies.
... [..] The banks have no reason to be boastful. They were saved, and they owe their survival to politicians. If politicians had not acted in 2008, possibly even more banks would have collapsed. Now the financial industry must do its part to rescue endangered nations. A lender is partly responsible for a borrower being too heavily in debt.
It seems so, unfortuntely.
But I need less hard words and more spesic specimens and examples. Kurbjuweit did not give many, but sure, he is seeking for truth.
Politicians should impose tougher rules on the banks so that the worst excesses of investment banking are no longer possible. Something has already been done, but it isn't enough. The best solution would be an international transaction tax.
Politicians should also liberate themselves from the embrace of the banks.Democracy removed people from the role of the economic subject that strives for things and is productive, but has no say in the way things are run.
It was only when humankind took responsibility for the whole that dignity and sovereignty were obtained. And to remain sovereign we must consider our responsibility for the whole when taking action and making demands.
Yes but is truism again. Less truisms, please. if I get ask for somethin, more evidence, and increase for real action.
People go to streets, and so.
We have near.
In Finland there were no Govement after the elections yet, as long as April.
The heads of the eight party delegations in Parliament on last Tuesday to decide how to proceed after shipwrecked talks to form a new Finnish government - more than six weeks after elections and two weeks after formal negotiations began.
Left-wing parties cannot accepted politic tehesis by National Coalition Party.
According to Social Democratic parliamentary group leader, a strong man Eero Heinäluoma, his party is examining new options for the formation of a government, including talks with the True Finns.
According to anothet veteran Erkki Tuomioja, Social Democratic Party MP cautions that a right-wing government would bring about greater inequality. In his blog Tuomioja also says that the Centre Party now plays a key role in government formation.
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