Eurojõmmidel on junn jahe

by Mike Norman

Amazing what some backbone will achieve. Euro “bullies” now backtracking, lying, throwing love…

Amazing what some backbone will  achieve. Now the bulliies are getting nervous. Juncker lying and backtracking. IMF’s Lagarde throwing some “love.”

EU President Jean-Claude Juncker says he never wage and pension cuts. #Bullshit!

Begs Greek people to vote “Yes” on referendum to stay in the Eurozone. #ScaredShitless

Here’s Lagarde:

But as far as we are concerned, Greece is a member of the euro zone. When they are prepared to talk, and to continue negotiations, we stand ready to do that. we have constantly in the last few days showed a lot of willingness to progress, flexibility in what they can adjust to. And we stand ready to continue to doing that.

Willingness to progress? Flexibility? What a fucking joke.

Too bad Tsipras didn’t do this right from the start.

Kui Kreeka peaks euroalalt lahkuma, siis sõidan Kreekasse puhkama :)

Debt, Discipline And Democracy In Europe

On the 5th of July one of two things will end: either Greek democracy as regards economic policy or Greece’s Euro membership. Not a pleasant choice. Negotiations between the left-wing Greek government and the Troika had made little progress over the last months. When prime minister Alexis Tsipras announced a referendum on the Troika’s final offer, the reaction was swift. Democratic decision-making is not part of economic policy making in Europe. Fiscal policy has to follow the rules and debt has to be serviced.

According to the European Commission the Greek government has unilaterally left the negotiating table. The German finance minister, Wolfgang Schäuble, and the head of the Eurogroup and Dutch finance minister Jeroen Dijsselbloem, thus concluded that the Greek rescue plan ends on Tuesday. The ECB is pulling the plug and has announced that it will not increase the size of the Emergency Liquidity Assistance (ELA). Less technically: no further short-term money for Greek banks. Greek banks are in intensive care. The ECB’s doctors haven’t switched off life support, but they have powered it down. Greece’s Euro membership has effectively been suspended. As a consequence Greek banks have been shut down and cash withdrawals have been rationed. The Greek people should experience, before the referendum, what life is like without the Euro….

Turkeys voting for Thanksgiving

Although Prime Minister Alexis Tsipras urged Greeks to not approve the creditor’s bailout agreement terms, the first polls in Greece find that most Greeks favor the deal even if it includes a new memorandum.

In a poll conducted by Alco for the Greek newspaper ‘Proto Thema’, 57% of the participants said they would vote yes in the upcoming referendum, favoring a deal.

Another poll conducted by Kapa Research for ‘To Vima’ found that 47% of the population will vote yes approving the agreement, while 33% will vote ‘NO.’

Asi on just selles, et nad ei tea, mis juhtub, kui nad ei hääletavad. Seda ei ole seletatud neile ja oma valuutaga jätkamise teemast on valitsus siiani hoidunud. Turkeys voting for Thanksgiving.

Anger in Moscow as Russian village prints own currency

Anger in Moscow as Russian village prints own currency

Three hours out of Moscow and down a dead-end road, is the epicentre of a strange fiscal controversy.

A small shed houses a battered metal box that contains the cash stash of the village. The village’s currency, the Kolions, was invented, minted, and printed, by farmer Mikhail Shlyapnikov.

Nii palju “vabast turumajandusest”.   :)

 

Euro tõeline missioon

Greece and the true purpose of the euro

by Lars Syll

The idea that the euro has “failed” is dangerously naive. The euro is doing exactly what its progenitor – and the wealthy 1%-ers who adopted it – predicted and planned for it to do.

That progenitor is former University of Chicago economist Robert Mundell. The architect of “supply-side economics” is now a professor at Columbia University, but I knew him through his connection to my Chicago professor, Milton Friedman, back before Mundell’s research on currencies and exchange rates had produced the blueprint for European monetary union and a common European currency.

Mundell, then, was more concerned with his bathroom arrangements. Professor Mundell, who has both a Nobel Prize and an ancient villa in Tuscany, told me, incensed:

“They won’t even let me have a toilet. They’ve got rules that tell me I can’t have a toilet in this room! Can you imagine?”

As it happens, I can’t. But I don’t have an Italian villa, so I can’t imagine the frustrations of bylaws governing commode placement.

But Mundell, a can-do Canadian-American, intended to do something about it: come up with a weapon that would blow away government rules and labor regulations. (He really hated the union plumbers who charged a bundle to move his throne.)

“It’s very hard to fire workers in Europe,” he complained. His answer: the euro.

The euro would really do its work when crises hit, Mundell explained. Removing a government’s control over currency would prevent nasty little elected officials from using Keynesian monetary and fiscal juice to pull a nation out of recession.

“It puts monetary policy out of the reach of politicians,” he said. “[And] without fiscal policy, the only way nations can keep jobs is by the competitive reduction of rules on business.”

He cited labor laws, environmental regulations and, of course, taxes. All would be flushed away by the euro. Democracy would not be allowed to interfere with the marketplace – or the plumbing.

As another Nobelist, Paul Krugman, notes, the creation of the eurozone violated the basic economic rule known as “optimum currency area”. This was a rule devised by Bob Mundell.

That doesn’t bother Mundell. For him, the euro wasn’t about turning Europe into a powerful, unified economic unit. It was about Reagan and Thatcher.

“Ronald Reagan would not have been elected president without Mundell’s influence,” once wrote Jude Wanniski in the Wall Street Journal. The supply-side economics pioneered by Mundell became the theoretical template for Reaganomics – or as George Bush the Elder called it, “voodoo economics”: the magical belief in free-market nostrums that also inspired the policies of Mrs Thatcher.

Mundell explained to me that, in fact, the euro is of a piece with Reaganomics:

“Monetary discipline forces fiscal discipline on the politicians as well.”

And when crises arise, economically disarmed nations have little to do but wipe away government regulations wholesale, privatize state industries en masse, slash taxes and send the European welfare state down the drain.

Greg Palast/The Guardian

Kreekas tuleb nüüd referendum. Olenemata selle tulemusest, seisavad Kreekal ees rasked ajad. Kreekas on ebakompetentne valitsus ja ebakompetentne rahandusminister, kes on korduvalt eurost loobumist katastroofiks nimetanud. Nüüd on pangajooks ja tõenäoliselt kehtestatakse kapitali kontrollid (pankadest ei saa raha vabalt välismaale liigutada). Rahvas on ära hirmutatud ja arvatavasti ütleb referendumil, et on nõus troika (jah ma tean, et vasakpopulistide häbistamisest taheti hoiduda ning troika nimetati ümber institutsioonideks) kasinusmeetmete ja tingimustega.  Olenemata sellest, kas jätkatakse euroga või eurota, ei saa praegune valitsus hakkama oma ebakompetentsuse tõttu. Neil puudub plaan euroga ja eurota jätkamiseks. Euroga on nende plaan siiamaani olnud kuidagi välja vingerdada, et valijale mulje jätta nagu nad ikkagi oleksid kasinuse vastu. Majanduslikult on nende idee olnud kasinusega jätkamine, visioon neil puudub, saaks ainult natuke pikendada Kreeka agooniat(küll siis vaatab, mis edasi saab, kui järgmine kuupäev kätte jõuab). Arvan isiklikult, et selle valitsuse päevad on loetud, kuigi nende populaarsus tundub kõrge olevat praegu. Negatiivne, mis sellest sündida võib, on see, et kasinusvastaseid poliitilisi jõude enam valija ei usalda. Poliitikas ei tundu ratsionaalsed argumendid lugevat. See ei tähenda, et nad tegelikult kasinusvastased ei olnud. Kui meedia maalib nendest pildi kui kasinusvastastest, siis poliitiliselt võib kaotada kasinuse vastasus ja kõik need, kes ennast niimoodi sildistavad.

Majanduslikult ebakompetentne valitsus ja hoolimata sellest, kuidas neid alguses üles haibiti, et neil on mingi kaval strateegia jne, on nad ka strateegiliselt läbi kukkunud. Siit moraal, populiste valida ei tohi. Kasinuse lõpetamine ja euroga jätkamine olid selgelt teineteist välistavad tingimused.  Referendum tundub ju õige asi olevat. Strateegiliselt on nad hiljaks jäänud referendumiga, selle oleks pidanud varem korraldama.

 

 

Juhtkiri | Kas Euroopa Liidust on saamas NLiit?

Juhtkiri | Kas Euroopa Liidust on saamas NLiit?

Eesti ei loobunud Euroopa Liiduga liitudes oma iseseisvusest ja suveräänsusest, kuid peaminister Taavi Rõivasel nõuab Euroopa Liidu ülemkogul Eesti huvide kaitsmine ometi sama sirget selga kui Arnold Rüütlil Moskvas pärast seda, kui ENSV ülemnõukogu oli vastu võtnud ENSV iseseisvusdeklaratsiooni. Võrdlus pole sugugi juhuslik, sest see on riikluse seisukohalt väga põhimõtteline küsimus: kas kellelgi saab olla seaduslikku õigust panna meile kohustust kampaania korras põgenikke vastu võtta?

Tegu on otsusega Eestile väga tundlikul teemal. Nõukogude okupatsiooni aegse sisserände tagajärgedest ja probleemidest pole me senini jagu saanud. Kui Euroopa Liit plaanib kohustuslike pagulaskvootidega praktiliselt kopeerida Nõukogude Liidu rahvastikupoliitikat, siis pole imestada, et selle tagajärjel võib avalikkus pöörata sellesama Euroopa Liidu vastu – kas me siis sellisesse Euroopasse tahtsimegi? Ühest vennalikust liidust vaevalt eluga pääsenuna ei taha me, et riikide ühendus, kuhu me rohkem kui kümme aastat tagasi astusime, muutuks sarnaseks vihatavaks monstrumiks……….

Run Bernie, Run

Bernie Sanders closes on Hillary Clinton in New Hampshire Democrats poll

  • Vermont senator on 35%, behind former secretary of state on 43%
  • Clinton’s lead is slimmer than that held over Barack Obama in 2008

Bernie Sanders is catching up to Hillary Clinton in New Hampshire.

A CNN/WMUR poll released on Thursday had the independent Vermont senator just eight points behind Clinton in the Granite State’s Democratic primary.

The poll has Sanders receiving the support of 35% of likely Democratic voters while Clinton is at 43%. Vice-president Joe Biden, who has not indicated that he will mount a presidential bid, is at 8% and the former Maryland governor Martin O’Malley is at 2%.

The poll has Clinton with a far slimmer lead than she possessed at this time eight years ago. In June 2007 a CNN/WMUR poll gave Clinton a 36%-22% lead over Barack Obama in New Hampshire. Obama won the Democratic nomination.

Sanders has been drawing massive crowds on the campaign trail. Most recently, when he and Clinton appeared with two days of each other in Des Moines, Iowa, the Vermonter drew a bigger crowd. This was despite the fact that Sanders has repeatedly held public events in Iowa while it was Clinton’s first public rally in the Hawkeye State since announcing her candidacy.

Clinton’s weakness in New Hampshire is a significant red flag for her campaign. New Hampshire has long been a stronghold for both Hillary and Bill Clinton. A strong performance in the state’s primary made Bill Clinton “the comeback kid” in 1992 and a surprise win in the 2008 primary kept Hillary Clinton’s presidential campaign alive after her loss in Iowa.

Sanders is scheduled to hold six events across New Hampshire this weekend. In contrast, while several members of Congress are appearing on Clinton’s behalf in New Hampshire in the coming days, the former secretary of state is not scheduled to appear.

Robotid võtavad üle

Võib olla 20 aasta pärast pole enam lubasid vaja, sest autot juhtima ei pea. See isend sõidab ise ja täiesti tavalisel teel, loeb liiklusmärke jne. Need konservatiivid surevad varsti ära, kes kummi armastasid vilistada ja driftida :)

Freightliner Just Revealed The First Real Road-Legal Autonomous Big Rig

The Freightliner “Inspiration Truck” will be the first autonomous commercial truck to drive on American roads. Nevada Governor Brian Sandoval and Daimler Chairman Wolfgang Bernhard just bolted on its Autonomous Vehicle license plate to prove it’s the real deal, and it’s already been spotted in action.

Big rigs might seem a little old-school in an era where everything travels by carrier drone– oh wait, it doesn’t. The American Trucking Associations says trucks moved 68.5 percent of all domestic freight tonnage in 2012 and Bernhard thinks current road freight volumes will triple by 2050.

In a Q&A session going on right now, Bernhard has explained that the Inspiration Truck will still have a driver, but that person’s purpose will be solely to monitor the truck’s systems and intervene in the event of a malfunction.

The truck requires no special hypothetical infrastructure, and it’s able to read road signs and traffic signals on its own…..

Who is Merkel to issue ultimatums?What kind of union is this, German dictatorship?

Merkel Issues Ultimatum on Greece: “There must be a deal before markets open on Monday” OR THERE WILL BE NO DEAL AT ALL… Malta FinMin Scicluna on Greece negotiations: “We are indeed worlds apart.”… Live feed

 

Who is Merkel to issue ultimatums? Is she in  European Comission ? Who is she to play a central figure in this? Why doesn’t Esnonian Prime Minister issue ultimatums or call them off?  What kind of union is this, German dictatorship?

Soomet tabas töötuse järsk kasv

Soomet tabas töötuse järsk kasv

Töötusmäär Soomes hüppas maikuus 11,8 protsendi tasemele, mis on 13 aasta rekord.

Alles aprillis oli vastav näitaja 10,3 protsenti, kirjutab Bloomberg Business.

«Viimase aasta jooksul on tööhõive nõrgenenud murettekitavas tempos,» ütles pressiteate vahendusel Soome justiits- ja tööminister Jari Lindström.

«Eriliselt teeb meid murelikuks pikaajalise töötuse kiire kasv,» täpsustas minister.

Soome majandus on olnud languses viimased kolm aastat.

Fixit. Esxit?

“After , we need Finnish €-exit”-Veteran politician of Finland’s governing Centre Party Paavo Väyrynen

Can the Cracks Be Fixed?

According to Paavo Matti Vayrynen, member of Finland’s Centre Party, if Greece leaves the Eurozone, “Finland should do the same.”

“The transition to the single currency was a bad mistake.”

In a statement on his official website, Vayrynen suggests that a Greek exit from the Eurozone would be an opportunity for Finland to ‘Fixit’ and potentially leave the EU common currency.

 

 

Ei tea, kuidas Estonia’st saaks niisuguse sõna kombineerida?  :)   Esxit ?

Uus rahandusminister Gianis Varoufakis (olevat Yanise sugulane)

Tsipras silmitsi Syriza seltsimeeste sõjakirvega

…..Nagu kirjutab Financial Times, on vasakpartei Syriza vasakpoolseim tiib mures, et Tsipras kaldub soostuma maksukergituste ja pensionikärbetega, mis meenutavad tema poolt opositsioonis olles «barbaarseks» ja «vastuvõetatamatuks» nimetatud kasinust.

Eile võtsid Syrizas aga juba maad pesuehtsad mässumeeleolud. «Mina isiklikult leian, et nende meetmete poolt hääletata ei saa. Nad on ekstreemsed ja risti vastu sotsiaalsele õiglusele,» ütles Syriza liige ja parlamendi asespiiker Alexandros Mitropoulos.

Temaga nõustus teine seadusandja Giannis Micheloyannakis: «Valitsuse uute ettepanekute alusel sündiv diil oleks Kreeka hauakivi.»

Mõned Syriza ametnikud kardavad, et rahandusminister Gianis Varoufakis võib valitsuse vastu välja astuda. Hiljuti tegi Tsipras Varoufakisele kõrgete Euroopa poliitikute survel ettepaneku tagasi astuda.

Selle peale ähvardas Varoufakis erakonnast eralduda – koos kaasmõtlejatega…….

The Only Good Deal For Greece Is NO Deal

…..We shouldn’t need Le Pen to voice the obvious. But that no other ‘leader’, save for Nigel Farage, puts it into these crystal clear terms, does tell us a lot about all other European leaders. And unfortunately that includes Alexis Tsipras. Though we hold out some hope for him yet.

Here’s hoping he will not sign that deal, whichever it may be in the end, and thereby set in motion the disintegration of the unholy Union.

Avalik kiri EV Presidendile.

Avalik kiri EV Presidendile.

Vaevalt see kiri üldse Teieni jõuab, aga teatava osa minu kaasmaalasteni kindlasti. Olen “lodevuspagulane” Soome riigis, üks kümnetest tuhandetest inimestest, kes ei lahkunud kodumaalt mitte omal soovil vaid seetõttu, et muutusime oma isamaal üleliigseteks. Lisaks kuulun ma erakonda, mida nimetatakse põlastavalt äärmuslasteks, vihaõhutajateks, homofoobideks, rassistideks, natsionalistideks, fašistideks- Eesti Konservatiivsesse Rahvaerakonda…….

…….Praegu, kus koidab uus päev, tahaksin ma vaid küsida:

Miks Te vihkate meid, eestlasi, härra President?

Miks Te ei tõuse meie palgavaesuses virelevate  inimeste, ka haritlaste kaitsele? Mis teile ei lähe korda vaesuses elavad lapsed?

Miks Te ei ürita kasvõi teeseldagi, et Eestimaa inimeste saatus Teile mingilgi määral korda läheb?

Teie suhtumine meisse, Eestimaa eestlastesse, meenutab Teie kodumaa, USA, kolonistide suhtumist kunagi nii suurearvuliselt esindatud  linnuliiki, Ameerika kaljutuvisse.  Nende parved  olid kümnete tuhandete isendite suurused, neid oli nii palju. Ja siis neid tulistati, püüti, hävitati, mürgitati, sest neid oli nii palju.

Viimane Ameerika kaljutuvi suri üksikuna New York´i loomaaias 1960 aastal. Lugege G. Durrell´i kui ei usu.

Meie ei soovi olla Teie Ameerika kaljutuvi!

Meil on õigus jääda kestma!

Nüüdseks on see ilmunud ka Päevalehes:

Mare Liiger: Miks te vihkate meid, eestlasi, härra president?

Tegemist on koondatud kiirabiarstiga, kes elab ja töötab  nüüd Soomes.

Madame Frexit

Bloomberg

Marine Le Pen: Just Call Me Madame Frexit

Marine Le Pen, a frontrunner in France’s 2017 presidential election, says a Greek exit from the euro is inevitable.

And if it’s up to her, France won’t be far behind.

“We’ve won a few months’ respite but the problem will come back,” Le Pen said of Greece in an interview at her National Front party headquarters in Nanterre, near Paris, on Tuesday. “Today we’re talking about Grexit, tomorrow it will be Brexit, and the day after tomorrow it will be Frexit.”

Le Pen, 46, is leading first-round presidential election polls in France, ahead of President Francois Hollande, ex-leader Nicolas Sarkozy and Prime Minister Manuel Valls. She’s the only one of the four calling for France to exit the euro, banking on people’s exasperation with the Greek crisis and Britain’s proposed referendum on the European Union to win over voters.

“I’ll be Madame Frexit if the European Union doesn’t give us back our monetary, legislative, territorial and budget sovereignty,” Le Pen said…..

Realistlik lähenemine, kui mul oleks võimalik valida Le Peni, siis kindlasti valiksin teda. Ma olen nüüd piisavalt suhelnud liberaalidest eurofiilidega, et neile mitte mingit lootust anda.  Võin eksida ja on võimalik, et ilmub mõni uus poliitiline jõud, kuid praegu ma seda ei näe ja eksisteerivad poliitilised jõud on ebarealistlikud unistajad/soovmõtlejad. Vasakpoolsed on järjest lubanud kasinusega lõpu teha enne valimisi ( Hollande, PASOK, Syriza), kuid võimule saades on nad kasinusega jätkanud. Ei näe ka midagi erinevat Podemoselt.

Üks parimaid poliitilisi analüüse, mida olen viimasel ajal lugenud:

The Radical Reconfiguration of Southern European Politics: The Rise of the Non Leftist Left

Le Peni parteil tundub populaarsust olevat Prantsusmaal. Seda hoolimata sellest, et neil on kuulsus kui ksenofoobidel. Nad rõhuvad sellele, mis rahvale korda läheb, ja mis liberaalsed vasakpoolsed olematuks unistavad: majandus, tööpuudus, kasinus, rahvusliku demokraatia puudus.

Polls: Far-right ahead of conservatives and socialists at French municipal election

Forbes ka euro kallal

Huvitav on see, et järjest ilmub paradigmas artikleid. Ma ei ole varem täheldanud, et nii palju räägitakse peavoolu meedias euro vigasusest. Järgnevas artiklis öeldakse lausa, et euro on jätkusuutmatu ja viidatakse Saksamaa suurtele jooksevkonto ülejääkidele. Ma olen pidevalt öelnud, et tasakaalutus on euroala probleem. Defitsiitidega nad saaksid hakkama ja jõuaksid kokkuleppele.

Forbes

Will It Be A ‘Grexit’, EUxt Or Just Bust For Greece?

Whatever the outcome later this week, Healey contends that the Eurozone as it stands is unsustainable. She adds: “The macro imbalance has been the hallmark of the Eurozone crisis and current account surpluses of Germany and the Netherlands are heading towards a surplus of 10%. Either the leaders have the courage to learn from their mistakes and change course, or they do not.”

Europeans might do well to take heed of Varoufakis’ words of warning. Eurozone leaders may attempt to paper over the cracks yet again, but without a longer-term strategy in place that is an option that will eventually disappear. And, as TABB’s Healey argues: “If Greece crashes out of the Euro, old divisions may well reignite, right versus left – and not just in Greece.” We await the outcome.

Meie meedia muidugi tabuteemal sõna ei julge võtta.  Samuti meie poliitikud.  :)

Europe’s Existential Dilemma: Fiscal Union or Breakup (and Financial Collapse)?

Europe’s Existential Dilemma: Fiscal Union or Breakup (and Financial Collapse)?

Despite what you might read in the news today, the European debt crisis is not the sole fault of Greece. It owes much more to the creation of the euro, a woefully constructed currency that now binds together 19 countries in a tightly woven monetary strait jacket. As a result, when one country teeters on the brink of financial collapse, the entire continent is at risk…..

…..Even as Greece totters, Spain dithers, Britain demands a referendum on EU membership, and financial pressures continue to build across the continent, the European project gathers pace. The economies must be knitted even closer together, insist Emmanuel Macron, France’s Minister of the Economy, and Sigmar Gabriel, the German Vice-Chancellor, — all in the name of improving “the economic potential of EMU” and allowing “us to establish clearly which policies should be centralized, harmonized or simply coordinated.” What a perfect three-word summation of Brussels’ raison d’être: to harmonize, coordinate and centralize – above all, of course, centralize!…..

….As European Commission President Jean Claude Juncker admitted in a rare fit of honesty:

“We (the Commission) decide on something, leave it lying around and wait and see what happens. If no one kicks up a fuss, because most people don’t understand what has been decided, we continue step by step until there is no turning back.”

Veel peavoolu soppa

Can central banks avoid sovereign debt crises?

….The ECB would be powerless if there were a broad sovereign debt crisis across the Eurozone, in the same way that the Fed or Bank of Japan would be powerless to credibly avoid a self-fulfilling debt crisis in their countries. Overall, our conclusion is that the ability of the central bank to avert a debt self-fulfilling debt crisis is limited. While in theory there are policies that could make the public debt level sustainable, our quantitative analysis shows that central banks usually cannot credibly commit to such policies.

:)

Greece Capitulates: Tsipras Crosses “Red Line”, Will Accept Bailout Extension

by Zero Hedge

Greece Capitulates: Tsipras Crosses “Red Line”, Will Accept Bailout Extension

…We’ll close with what we said last week about the tough choice the PM faces: “Tsipras must decide how he wants history to remember his tenure as Prime Minister. Either he will be the leader who allowed Greece to crash out of the euro on its way to a redomination-driven economic collapse, or he will go down as the fiery advocate for change who caved under pressure and allowed the troika to stamp out democracy in the place where it was born.”

Follow

Get every new post delivered to your Inbox.