Tradutor

segunda-feira, março 11, 2013

Bailing out the bank shareholders


It's one thing to lose confidence in the European solution, it's another to gain conviction that the European Union, as it is, may actually be at the root of the problem of persistent and unsustainable divergence.  



The President of the European Parliament Martin Schulz questions why Europe put €700 billion to bailing out  the bank creditors but cannot find the resources to bail in the "lost generation" living with 40% and 50% unemployment in the debtor countries.
The risk of a banking  collapse is certainly very serious and very real, but banks, their shareholders  and their (im)prudential regulators made a lot of mistakes, and could well stand taking some losses.   Correction, they are continuimg to make a lot of mistakes.  

Tell it to Frankfurt, London and Paris, in that order.

The risk of a social collapse is  no less severe, and much more unpredictable and difficult to deal with.

Losing hope in the future, losing confidence in the European Union is one problem.
Even worse becoming convinced that the European institutions do not not guarantee an equitable development among the 27 member countries.


" Em entrevista à Reuters, o alemão Martin Schulz identifica a perda de confiança dos cidadãos na capacidade de a União Europeia resolver os seus problemas como “uma das principais ameaças” da própria UE. “E se a nova geração perde confiança, penso que é a UE que está verdadeiramente em perigo”, diz.

Para Schulz (do partido Social Democrata da Alemanha), se a zona euro encontrou “700 mil milhões de euros para estabilizar o sistema financeiro”, terá de investir um montante idêntico para “estabilizar” as novas gerações nos países em dificuldades. “Somos os campeões do mundo dos cortes orçamentais, mas temos menos ideias quando é preciso estimular o crescimento”.

Ler mais em http://www.publico.pt/economia/noticia/europa-salvou-os-bancos-mas-arriscase-a-perder-uma-geracao-diz-martin-schulz-1587415 
ver http://ppplusofonia.blogspot.pt/2011/12/eurozone-crisis-tests-limits-of.html