By Jaya Ramachandran | IDN-InDepth NewsAnalysis
PARIS (IDN) - A new poll finds that Europeans are growing dissatisfied with the inequities of the economic system, which are also rooted in the "still rising unemployment" that, as the OECD's Chief Economist Pier Carlo Padoan avers, present "the most pressing challenge for policy makers" in the euro area.
The euro area consists of 17 members of the 27-nation European Union: Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia, and Spain.
By Roberto Savio* | IDN-InDepth NewsAnalysis
ROME (IDN | Other News) - The European Union has asked its citizens to brace for further economic misery. In a report on European economic prospects released on May 3, the European Commission said that further deterioration is expected to last at least until 2015. But, as every such report says, things will then get better!
By Suzan A. Kane* | IDN-InDepth NewsAnalysis
BRUSSELS (IDN | European Sting) - Thank god it will not be any more the economists to set the course of economic policy in Eurozone but the people and the politicians. Whatever bad things one may think about politicians, there is one thing that nobody can deny; they can hear the people.
In this case the theory of Reinhart – Rogoff proposing austerity and prayers to correct all sins of the western economy and more so of Eurozone’s debts, will cease to set the rules. It will be rather the politicians to decide now to end austerity and start borrowing again to finance growth. Japan opened the way deciding to increase its government debt above the already breath-taking 200% of the GDP.
By Roberto Savio* | IDN-InDepth NewsViewpoint
ROME (IDN | Other News) - For a long time it was a given that while Europe was based on defending a more just society, with social values and solidarity, the United States was based on the glory of individualism and competition, and anything public was considered “socialist”. One of the main accusations of the last electoral campaign in the United States was that Barack Obama had an unspoken design to change the United States into another Europe, beginning with health reform.
Well, it’s time for an update – the defenders of market fundamentalism are now in Europe.
By Roberto Savio*
IDN-InDepthNews and Other News Analysis
There is more to the Cyprus crisis than has been taken note of by the general public, not the least because of the mainstream media’s failure to provide a contextual analysis of the situation in three-fifths of the island of Cyprus, two-fifths of which are a separate political entity that only Turkey recognises. The lack of transparency and anti-people solution to resolve the Cyprus crisis and crises elsewhere in the 27-nation bloc bode ill for the European Union.
By Richard Johnson | IDN-InDepth NewsReport
PARIS (IDN) - The French nuclear company Areva achieved a record uranium production of 9,760 tonness in 2012 – up from 9,142 tonnes the previous year – enabling the company to retain its place as the world's second-largest corporate uranium producer. The world leader is Kazatomprom of Kazakhstan, with a 2012 production share of nearly 12,000 tonnes.
By Outi Hakkarainen* | IDN-InDepth NewsViewpoint
HELSINKI (IDN) - Finland is a North European nation with its own socioeconomic challenges, but globally it belongs to well-off countries responsible for engaging in the global development agenda. The Finnish government wants to be an accountable member of the international community, but its political will to be so does not always materialise.
Finland has not, for example, been able to reach the 0.7 % target for its development funding. On the other hand Finland's current Development Policy Programme is positively founded on a rights-based approach. The challenge for Finnish civil society is to compel the government to improve its international performance.
By Alan Matthews* | IDN-InDepth NewsAnalysis
DUBLIN (IDN | CAP Reform) - Olivier De Schutter, the UN Special Rapporteur on the Right to Food, called January 17 for members of the European Parliament (MEPs) to take into account the impact on developing countries when voting on amendments to the draft CAP (Common Agricultural Policy) regulations post-2013. Among other issues, he called on MEPs to support the views of the European Parliament's Development Committee, which voted unanimously in favour of a mechanism to monitor the CAP's development impacts. In the voting January 23-24, COMAGRI (Committee on Agriculture and Rural Development) MEPs declined to do this.
By Eva Weiler | IDN-InDepth NewsReport
BERLIN (IDN) - The German Confederation of Trade Unions (DGB) has tabled a 260 billion Marshall Plan for Europe aimed at providing a decisive impetus for qualitative growth as well as new jobs with a future in all 27 European Union (EU) countries for a 10-year period from 2013 to 2022.
The proposed investments and investment subsidies of €260 billion annually comprise direct investment and investment grants of €160 billion and ten-year low-interest loans of €100 billion to private investors.
By Bernhard Schell
BISHKEK (IDN) - Kyrgyz President Almazbek Sharshenovich Atambayev and Turkish Prime Minister Recep Tayyip Erdoğan are leaving no stone unturned to intensify and deepen cultural, political, economic and military relations between the two countries based on vision of a Turkic peoples' identity. But both at home and abroad they do not always come across undiluted approval.
"There is quite a cautious and negative attitude towards the Turkish presence and influence in Kyrgyz society," says Valentin Bogatyriev, co-author of a new study published by the German Friedrich Ebert Foundation (FES) close to the Social Democratic Party. He refers to a recent sociological survey which finds that Turkey comes last among the countries cooperation with which is considered important for the national interests of Kyrgyzstan.