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Requirement of economists: Wealthy should pay more for euro bailout

An ECB study foments the dispute over the distribution of wealth in Europe. Leading economists now call SPIEGEL: Rich should be more involved in saving the euro. Doing so could save the More »

German-coal-power-flooded-Europe

Export boom: German coal power flooded Europe

The German electricity industry has increased its exports considerably. In the first quarter, the exported quantity of information has doubled manager magazine online. Coal-fired power plants are experiencing a real boom – More »

Kiev Europe Should Threaten To Cancel EM

So now even bombings: The crisis between Europe and Ukraine has just become even more complicated. More and more, the discomfort in the democratic part of Europe on the European football championship More »

Economic downturn, Italians rob the joy of life

A country loses the courage to face life: economic stagnation and austerity measures to put the Italians, the country will slip this year, probably even deeper into recession. The policy ignores the More »

American Express Customers Spend More

NEW YORK – The Kreditkartenabieter American Express (AmEx) is due to the higher propensity to consume its customers with a winning record start to the year and has exceeded expectations. On average, More »

Requirement of economists: Wealthy should pay more for euro bailout

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An ECB study foments the dispute over the distribution of wealth in Europe. Leading economists now call SPIEGEL: Rich should be more involved in saving the euro. Doing so could save the average German citizen Greek super rich from higher taxes in the end.

Leading economists are convinced that the euro-crisis countries must make a greater contribution to the renovation of its public finances. Especially wealthy should be asked to pay more, said the economy Peter Bofinger SPIEGEL. The economist advised the governments of southern Europe to a capital levy. "The rich must be within ten years, for example, a portion of its assets leave. "

Bofinger is convinced that a capital levy is significantly better than the participation of savers – as happened recently in the rescue of Cyprus: "Resourceful kingdoms of southern Europe but make their money to the banks in Northern Europe and beyond so that the access."

Background of the claim is the wealth report of the European Central Bank (ECB), which was published last week. Thus, the households in the euro-crisis countries on average have considerably more power than the Germans.

The results of the study confirm the opinion of economic experts Lars field the course of the federal government: "It shows that Germany, with its harsh conditions for euro-bailout money is right." Finally, the over-indebted countries receive billions from the bailout fund only relevant consideration. "If there is no longer the tax laws only on paper, even Greece can dispel doubts on the sustainability of its debt," said Field.

Guntram Wolff of the Brussels economists enter the data not only an answer to the question of who should pay the crisis in Southern Europe account: "It is clear once again how unfair the assets are distributed in Germany." Therefore, the German crisis costs should be borne by the wealthy. "The euro rescue would be completely reduced to absurdity, if preserved the Greek super-rich from higher taxes at the end of the comparatively low average German household."

Export boom: German coal power flooded Europe

German-coal-power-flooded-Europe

The German electricity industry has increased its exports considerably. In the first quarter, the exported quantity of information has doubled manager magazine online. Coal-fired power plants are experiencing a real boom – at the expense of relatively cleaner gas power plants.

Hamburg – The German electricity producers flood neighboring countries with ever growing quantities of cheap electricity. In the first quarter of the year, it resulted in a net of about 16 terawatt-hours, such as from calculations of the Fraunhofer Institute for Solar Energy Systems (ISE) shows the present manager magazine online. They are based on data from the Association of European network operators ENTSO-E. In the previous year the amount had amounted to about eight terawatt-hours, according to ISE.

The amount to March this year running from January is about the production of six large power plants that run continuously. For the full year 2012, the export surplus amounted to almost 23 terawatt hours, marking a time record, which is now already in range.

Main reason for the recent increase in exports is the low market price of electricity in Germany. He is just over 40 euros per megawatt hour and resulted from an oversupply of current through the last rapid expansion of renewable energies. In addition, the price of emission allowances in the basement – benefiting the relatively polluting coal power plants.

Coal-fired electricity production grows by a quarter

And so the export increase is apparently solely on the account of additional quantities of coal power. Coal-fired power plants increased their emissions by about 23 percent, as calculations of manager magazine online were based on the ISE figures. Brown coal rose by about 8 percent, while all other fuels produced less than last year, including wind, solar and hydro power.

Dramatic is the situation in gas-fired power plants. Their production fell despite the cold winter by about 16 percent. Utilities such as E.ON had recently reinforced threatened to take gas from power plants, because their economical operation is not currently possible. The German Association of Energy and Water, the situation “with concern” as a spokesperson told Manager Magazine online announced.

According to the BDEW German power plant operators had surplus electricity exported last year, especially in the Netherlands, which therefore reduced their relatively clean gas power plants .

Due to the new figures, the hope of the Federal Environment Minister Peter Altmaier (CDU) could smash that the growth in German output of carbon dioxide in the past year has been a one-time setback for the German energy transition.

“This is an outlier in a previously positive development,” Altmaier said.They should “not become a trend.” In 2012, electricity production from coal was increased by 3.4 percent, from brown coal had risen by 5.1 percent.

Good and Bad Points of Getting Pay Day Credits

You will find diverse feedbacks concerning loans. Some folks declare that credits are bad whilst other people consider them fairly helpful. Certainly, frequently people quickly require money for some unpredicted bills, as an example health care expenses or education charges. Looking for a payday loan is the top method to resolve little money issues. In addition, it’s important to keep in mind that you should pay off the credit card debt otherwise you’ll deal with major penalties and have a bad credit score. This short article is going to take a look at pluses and minuses of cash advance credits, and offer guidance concerning trying to get loans from trustworthy firms.

As previously said, you actually must request for cash advance credits only if you actually need cash. Sad to say, occasionally people get credits to purchase devices they really like. Sure, purchasing a whole new touch screen phone can be cool, however, being unable to repay financial obligations seriously isn’t cool! Therefore, look for pay day credits just in the event you need them.

It is suggested to submit an application for pay day credits on the net. If truth be told, it’s the best option to discover financial institutions and financial institutions with acceptable stipulations and interest levels. By the way, interest levels could be ridiculous. So, make certain you actually take a look at conditions and terms from various web-sites. Furthermore, you might check out specific dealer websites which get info on the best payday advance offers in the market. Everything you have to perform is to type in certain details, and within a while you may receive information concerning the perfect payday loans it is possible to apply for (so it is at no-credit-check-payday-loans.co.uk).

Remember that some banks and lenders may take a look at the credit rating. As an example, if you have got unsettled credit debts you might obtain a definite rejection from some banking institutions. At the same time, you’ll find companies which don’t start a credit check. For you to be entitled to a loan, you must get files indicating the finance standing, for instance a cc statement.

Kiev Europe Should Threaten To Cancel EM

So now even bombings: The crisis between Europe and Ukraine has just become even more complicated. More and more, the discomfort in the democratic part of Europe on the European football championship in a country that has made a former prime minister to political prisoners and their health problems in a way bypasses that can only be described by torture.

So far, no one knows who put the bombs in Dnepropetrovsk, the birthplace of opposition leader Yulia Tymoshenko. Was it a radical faction of the opposition, which wants to demonstrate to the government shortly before the European Championship in early June, about which print resources are available? Was it the government itself, which wants to bring the opposition to a "strategy of tension" in disrepute? Or has a hand in the Mafia?

One thing is clear: President Viktor Yanukovych is playing a nasty game and Tymoshenko used as leverage against Europe. "When you sign the Asoziationsabkommen, then we leave Tymoshenko," Deputy Prime Minister Valery Khoroschowskij has recently told European journalists in Brussels said. Clearly can not be said that the former Prime Minister is just a pawn.

The EU is in an uncomfortable position. On the one hand, they can not simply close our eyes to the violations of human rights in Ukraine, which show that the country is still far from ripe for an Association Agreement. On the other hand, wants to slam the door not to Kiev not to drive into the arms of Russia, which is likely to stifle democratic aspirations in the long term.

In a similar predicament is to UEFA. The would like to keep out of politics and keep the football championship as planned. On the other hand, is a festival of football in a country of torture is not a good advertisement – not for sport, nor for its sponsors.

At most one may have sympathy with the Poles, as the star pupil of the East European Democracy Now through no fault or less in joint liability.

If the EU did not have breakfast as a director of foreign minister, but someone with perseverance, then this should now forge an alliance between sport and politics against the autocrats in Kiev.Because unlike in international organizations there are in the UEFA a clear preponderance of democratic states. There could be a little gentle persuasion with a majority, organize the Yanukovych introduces the alternative: either EM or Tymoshenko. Using Germany as an alternative venue if Kiev does not come around. One would not even just moral and political argument, but could also cite safety concerns, if Yanukovych maintains its hard line against the opposition.

It is hard to believe that Yanukovych would risk the European Championship on home soil. So it is very unwahrscheilich that Europe and UEFA would have to actually make the true threat. With a turn-Yanukovich but all would benefit. Athletes, officials and fans could enjoy the Euro, the EU would have the extortion attempt in terms of association agreements is not bent and Tymoshenko could be treated abroad.

But as it currently looks like Europe can drive the matter further. Until the end, denatured all the pleasure in this festival of football is.

One wonders why in festive speeches always the unity of Europe is invoked with the argument, otherwise you would get foreign policy, not enough weight on the scales. If it then becomes serious, however, it provides the EU does not even put an underdeveloped country like Ukraine to sufficient pressure. Where is the self-respect of this continent’s democratically gone?

Economic downturn, Italians rob the joy of life

Closed shop in Milan: The number of bankruptcies is increasing

A country loses the courage to face life: economic stagnation and austerity measures to put the Italians, the country will slip this year, probably even deeper into recession. The policy ignores the most pressing problems.

“The Romans no longer laugh,” says Loredana, 45, “as many people as depressed now, I have not seen in my entire life.” Loredana is a teacher in the Italian capital and wants her last name not prefer to read in the media. She complains: “For many, the wallet is already empty before the end of the month.”No wonder, because incomes are falling, prices are rising, and the Government is also in the pockets of the citizens.

The crisis is evident everywhere in Rome: The restaurants are in the less frequented by tourists as empty areas such as furniture or houses clothing stores. Even the legendary sealed road – “Romans have no feet,” they say here, “but four wheels” – has been thinned by the extreme strong gasoline prices. Diesel is just under 1.80 euros, gasoline goes in the direction of two euros. The usual morning and evening gridlock on the streets now turns out – if not just once, buses and trains are on strike.

In many shop doors or windows is “vendersi” to sell. The number of bankruptcies is increasing, partly because the public sector can be more and more time to pay the bills of tradesmen and suppliers. A third of the Roman bankruptcies, the retail association is due to the fact. “Nobody knows where all this will lead yet,” complained a teacher Loredana.

It seems as a nation lose their zest for life – and just in Italy. That country, whose people are admired in Germany primarily for their ability to protect themselves under adverse circumstances, the good mood.

But of a good mood at the moment is little trace. Not in Rome, nor in the rest ofItaly . Whether in Milan, Naples and Tuscany: Who does not belong just to the rich ten percent, sees himself in a dark tunnel. Since 2008, Italy’s economic output has fallen by 4.4 percent. And 2012, the polls show the employers’ association Confcommercio among its members, may be even the worst recession year in the history of the country. Because Italy’s economic actors – consumers, businesses and government – to push each other down the valley.Consumers cut their purchases like never before, as a result of plummeting sales of business. In the first three months of this year, industrial production fell by 2.3 percent from the gross domestic product (GDP), ie the total economic output, up 1.6 percent. The third-largest economy in the euro-zone, it is feared, slipping deeper into recession.

Italy’s debt continues to grow

The government has played its part. Taxes rise. The substantial increase in property taxes, for example, especially for second-home drives many families to sell the ancestral house of the grandmother or financed on credit, one-bedroom holiday apartment on the Italian coast. This fall, house prices – not just in the center of Rome or Milan, but where the people of middle or low incomes to live – and to think anyway, hardly a new construction. More and more construction companies lay off workers or close altogether.

The number of unemployed is increasing. And although the government of the economic expert Professor Mario Monti wants actually go to a rigorous course to improve public finances, the debt grows even more dramatic. Because if the economy shrinks, falling tax revenues, even if the tax rates for the individual company or citizen, no matter how high. In February last year the Italian government was with 1875 billion euros in debt, this February, there were about 50 billion more: about 1.93 trillion. “We save ourselves but broken,” says the teacher Loredana Roman. But the majority of the Italians is more about Mario Monti – another straw she has not.

Improvement from 2013?

The ordeal was necessary in order “not to end up in Greek proportions,” said the prime minister his people again and again and promises will be better in 2013. In order to bring the economy back on a growth path that his government will put billions into infrastructure building, so new roads and rails, new ports and airports. A super-fast broadband network will soon make the entire country Internet capability. Even the infamous Italian justice will put on their toes, the government’s promise: Instead of going to an average of 1210 days, as now, to civil cases nearing completion after 394 days. But how and when will these things be, says the government is not as accurate. Especially not how she wants to pay for all this, without taking even more new billion debt.

Many seemingly non-economic structural problems, not the speech, while these factors dampen the growth potential in Italy:

  • The civil service is overstaffed and often totally incompetent – often fail to invest endless and complicated approval process.
  • The level of many schools and universities is modest, outdated technical equipment.
  • The judiciary lacks sometimes even fax or writing paper money, the police often lack of fuel.
  • In many regions and industries will earn the Mafia. And during the reign of Silvio Berlusconi have much political and economic elite accustomed to where the focus is always to stop the hand.

Santo Versace, president of the Versacemode Group and former member of Parliament in Berlusconi’s party, now summed up in one sentence why Italy is in his opinion “the abyss”: “We are the highest-taxed Estonians and corruption.”