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NY Times Paul Krugman: Learning From Europe
Published: January 10, 2010
As health care reform nears the finish line, there is much wailing and rending of garments among conservatives. And I’m not just talking about the tea partiers. Even calmer conservatives have been issuing dire warnings that Obamacare will turn America into a European-style social democracy. And everyone knows that Europe has lost all its economic dynamism.
Strange to say, however, what everyone knows isn’t true. Europe has its economic troubles; who doesn’t? But the story you hear all the time — of a stagnant economy in which high taxes and generous social benefits have undermined incentives, stalling growth and innovation — bears little resemblance to the surprisingly positive facts. The real lesson from Europe is actually the opposite of what conservatives claim: Europe is an economic success, and that success shows that social democracy works.more
As health care reform nears the finish line, there is much wailing and rending of garments among conservatives. And I’m not just talking about the tea partiers. Even calmer conservatives have been issuing dire warnings that Obamacare will turn America into a European-style social democracy. And everyone knows that Europe has lost all its economic dynamism.
Strange to say, however, what everyone knows isn’t true. Europe has its economic troubles; who doesn’t? But the story you hear all the time — of a stagnant economy in which high taxes and generous social benefits have undermined incentives, stalling growth and innovation — bears little resemblance to the surprisingly positive facts. The real lesson from Europe is actually the opposite of what conservatives claim: Europe is an economic success, and that success shows that social democracy works.more
2009年12月30日水曜日
Icesave: classified doc from WikiLeaks: EU7 negotiation shows Iceland naively begging for mercy
http://file.wikileaks.org/leak/icesave-eu7.pdf
WIKILEAKS Wed Dec 30 05:00:00 GMT 2009 (updated 9:24, with additional pages).
" The following document is one of 23 withheld from the Icelandic public relating to the Icesave dispute. The Minister of Finance issued a gag order on the documents. Even the country's parliamentarians may only see them under strict supervision.
The Icelandic parliament is due to consider the “Icesave bill” at noon today. The bill would have Iceland pay nearly four years worth of its entire economy (GDP) to investors from the UK, the Netherlands, Germany and other countries who participated in the failed Landsbanki “Icesave” scheme.
The leaked memo, from Iceland's Ministry of Foreign Affairs, details a meeting held on November 12, 2008 in Brussels, in which the Icelandic delegation, quite naively, “begged for mercy” before seven EU Representatives (Germany, UK, Netherlands, Austria, Finland, Sweden and Denmark).
The document details how EU representatives attempted to force Iceland into taking on the debt burden coming out of the EEA Agreement.
The meeting was a follow up to the Ecofin meeting of November 4, 2008. The Ministry's author is not named, but similar documents have been written by Martin Eyjólfsson.
The original memo contains typographical and other errors. As a matter of historical accuracy, these have been retained. "
Julian Assange, editor
julian@sunshinepress.org
WIKILEAKS Wed Dec 30 05:00:00 GMT 2009 (updated 9:24, with additional pages).
" The following document is one of 23 withheld from the Icelandic public relating to the Icesave dispute. The Minister of Finance issued a gag order on the documents. Even the country's parliamentarians may only see them under strict supervision.
The Icelandic parliament is due to consider the “Icesave bill” at noon today. The bill would have Iceland pay nearly four years worth of its entire economy (GDP) to investors from the UK, the Netherlands, Germany and other countries who participated in the failed Landsbanki “Icesave” scheme.
The leaked memo, from Iceland's Ministry of Foreign Affairs, details a meeting held on November 12, 2008 in Brussels, in which the Icelandic delegation, quite naively, “begged for mercy” before seven EU Representatives (Germany, UK, Netherlands, Austria, Finland, Sweden and Denmark).
The document details how EU representatives attempted to force Iceland into taking on the debt burden coming out of the EEA Agreement.
The meeting was a follow up to the Ecofin meeting of November 4, 2008. The Ministry's author is not named, but similar documents have been written by Martin Eyjólfsson.
The original memo contains typographical and other errors. As a matter of historical accuracy, these have been retained. "
Julian Assange, editor
julian@sunshinepress.org
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