Mario Draghi. Solo este hombre puede salvar el euro (Spanish Edition)

Banque mondiale [2] is an international financial institution that provides loans[3] to countries of the world for capital projects. It comprises two institutions: Established in and named for clergyman John Harvard its first benefactor , its history, influence, and wealth have made it one of the world's most prestigious universities. Although never formally affiliated with any denomination, the early College primarily trained Congregational and Unitarian clergy.

Its curriculum and student body were gradually secularized during the 18th century, and by the 19th century, Harvard had emerged as the central cultural establishment among Boston elites. The school offers master's degrees in public policy, public administration, and international development, grants several doctoral degrees, and many executive education programs.

It conducts research in subjects relating to politics, government, international affairs, and economics. Kennedy Street in Cambridge [ Kennedy School Of Government" on: Literally, professor derives from Latin Latin as a "person who professes" being usually an expert in arts or sciences; a teacher of the highest rank. A group of professors in academic dressContents1 Description1. A professor is a highly accomplished and recognized academic, and the title is in most cases awarded only after decades of scholarly work to senior academics [ PhDs are awarded for programs across the whole breadth of academic fields.

The completion of a PhD is often a requirement for employment as a university professor, researcher, or scientist in many fields. Individuals who have earned a Doctor of Philosophy Philosophy degree may, in most jurisdictions, use the title Doctor often abbreviated "Dr" or, in non-English speaking countries, variants such as "Dr.

The requirements to earn a PhD degree vary considerably according to the country, institution, and time period, from entry-level research degrees to higher doctorates [ Over time visual art has been classified in diverse ways, from the medieval distinction between liberal arts and mechanical arts, to the modern distinction between fine arts and applied arts, or to the many contemporary definitions, in which art is seen as a manifestation of human creativity.

The subsequent expansion of the list of principal arts in the 20th century reached to nine: Somebody boosts his growth exporting, and financing his exports with capital flows in the importers countries, then when the game breaks up and capitals are in danger, he accuses them that they were living beyond their means. It happened many times along history, but everytime it seems to be the first time, and everytime somebody finds good the same moral explanation.

Maybe some "primitives" are right that time is a loop. In other words — "shut up and pay, cause it is your fault after all"? En estas condiciones es imposible competir. No, in other words, the "living beyond your means" tale is a moral tale, while the reality with which we have to deal and its related problems can't come to a solution on a moral level. The common sense tells that people and companies who were planning to make major spendings in the near future will postpone their purchases until the end of the intervention, i.

September in this case, when the situation is expected to gradually return to normality. That's why this psychological game applies differently than textbook authors assumed, especially when we can just see that it works this way with the USD or GPB that have been appreciating since the exit from QE to their normal values. What EU should do instead is overall reforms improving efficiency of economy as well as government spendings on all levels of governance; and finding ways to deal with competitive disadvantages e. Nothing new in Europe.

How can cheap money create jobs, Mr Draghi? You know nothing about economy! History is my witness. Es wird nichts bewirken, absolut nichts. Italien und Frankreich sollen mit diesem Monopoly Geld finanziert werden. Flieht aus dem Euro. Die notwendigen Strukturreformen werden niemals einsetzen. Marvin I don't think so. If the additional money goes to governments via bonds, they will spend it partially to pay old debts virtual transfer and partially on welfare, which will be spend on basic needs that will, however, become more expensive and thus the effect neutralizes itself.

You cannot make something out of nothing, nature cannot be cheated. It's necessary to make EU more flexible so that old inefficient uncompetitive companies could pass out gracefully and new could emerge quickly, had enough venture and human capital and were not suffocated by bureaucracy and norms, obsoleted habits, excessive taxes, etc.

").f(b.get(["domainName"],!1),b,"h").w("

EU must become at least as attractive for smart people and their enterprises as the USA is. It needs change of paradigm and dozens of painful reforms but it is definitely not devaluation — for smart people it is hardly attractive to be associated with failed desperate places and work for currency value of which diminishes in their hands.

Draghi thus drives educated people out of EZ to the arms of the USA, the UK, Switzerland, etc, which will hardly help EZ economy to increase number of high-enough earning people who would have enough money to spend beyond basic living needs and thus start up economy! Carrico, tienes la virtud de hacer un comentario inteligente en muy pocas palabras. Weren't you the guy talking about "new kind of Greek accounting"? What the ECB is doing is illegal.

Deleveraging is hence absolutely essential if we want to see again european economies growing and creating jobs. That's monetary policy's task, indeed! That's indeed the keynesian view, that I've not mentioned. In fact, I do not support fiscal stimulus precisely because governments' debts are already incredibly high and we come from a maddening housing and real-state bubble in many countries. The only way to fix the situation is thus through monetary easing accompanied by fiscal austerity either through higher taxes or, preferably, through lowering public spending while reforming public administrations.

But how the heck you want to exit an economic slump with fiscal and monetary contration? That is to say, you're exposing which is one of the fundamental theories from the Austrian School of Economics a School, by the way, that has been completely mistaken about the effects that a QE would have had in the US. I'm impressed because in Europe there seem to be a lot of people more papist than the Pope I agree that structural reforms are essential; I'm just claiming that we should firstly fix this demand crisis, making it easier to implement the reforms through an envoronment of monetary easing and as painless as possible deleveraging.

The US halved its deficit in just two years thanks to the FED monetary easing, while creating jobs and growing quite strongly. Kuba It is not QE which will boost Europe's economy but drastic cut to public spending, social welfare and low taxes. What such option will bring? Dozens of billions of euros in people's pockets, dozens of billions of euros on companies balance sheets, hudreds of billions to spend, by people and enterprizes, instead by the inefficient state, thrown on such crap like social welfare or public institutions.

QE might help but only if drastic cuts to public spending and ultra-low taxation be imposed. Remember the simpliest truth — an inviduals know better, how to spend their own money. That is to say, you're exposing which is one of the fundamental theories from the Austrian School of Economics In my reasoning, I don't come from standard macro-economic theories. They are too static and cannot describe the modern world. Instead, I try to apply principles of behavioural economics that dynamically deduce consequences of behaviour of large number of individual stakeholders on the whole system.

This approach is more precise and relevant than in the past because a lot of people share the same information from the same sources today — and if large number of the stakeholders assess the information in the same way and act accordingly, they will have actual effect on the system regardless whether the original premises on which they based their decision corresponded to reality or not.

• ?
• .
• Train of thoughts?
• .
• .
• Americas First Chaplain: The Life and Times of the Reverend Jacob Duché (Studies in Eighteenth-Century America and the Atlantic World).
• Vidi Angelum - Score!

That's why I try to predict how individual stakeholders state administration, financial markets, entrepreneurs, managers, young people, global educated workforce, etc. The basic psychological finding is that people who can make a choice don't like being associated with something that is seen as failed and I'm afraid that that's exactly how the ECB decision would be interpreted. It was that clear that you can't answer the question But instead of answering you bore me with your theories. And it seems you have indeed a problem with realities or a very short memory.

It was and is YOUR society which requires financial help not mine. So don't waste your breath. A Spaniard with economical recommendatipns from the states is like going to fat and smoking doctor. Well, theories are always important, especially when they're right, on economics, maths, physics and almost in whatever field.

After the Great Depression , the Forgotten Moderation , the Great Stagflation , the Great Moderation and the Great Recession we've learned a lot and we've improved quite a lot our understanding of economics. QE is just another fundamental improvement in order to overcome the Great Stagnation ? This very much resembles the depressing situation of Japan for the last twenty years until a courageous president decided to do something to fix the economy especially in its demand-side. For me it is much easier to know what markets think about QE: I can life with that. That is to say, the EU not only plays against integration between countries but also plays against the territorial sovereignty and national integrity of actually existing Nation-States people has sometimes short memory, but twenty years ago the NATO was bombing Iugoslavia.

Let's not mention what has happened in Ukraine, another broken country for selfish reasons. Learn about people, groups of people, partnerships and relationships before trying to indulge your predatory instinct of the worse kind in this festival of certitudes of yours. No, the majority of the European electorate has not yet decided if they want to get rid of the EU nor the Euro and not even the Greeks apparently. But one thing seems unavoidable in case of a breakdown, European governments on their own again will have no rest until the City and the state of Ireland, for example, with all their tax evasion and money laundering systems and the thugs in charge, are deprived of the possibility to profit from it.

I have better comparison. In theory they are good, depite the history. Relations of USA and Germany, though are similar to those of Germany and Russia, in theory they are good, in fact they are much better in economic terms, very bad in political, both countries want to construct their own sphere of influence. As a person who likes geopolitcs and history I can say, that there is no difference between USA, Great Britain, Germany and Russia — all of them are barbaric, criminal imperialist state which have to be destroyed, to make the world safer and more prosperous.

Let's not mention what has happened in Ukraine, another broken country for selfish reasons Of course. The EU is publicly committed to a 'Europe of the Regions' and thus the undermining and weakening of nation states. It ignores the fact that the vast majority of EU citizens are opposed to anything involving the replacement of their own national democracies. Hardly indicative of a 'furiously pro-EU' nation! Now we should get back to the thread, Elogio: Your reference to 'thugs in charge in Ireland and the City' is somewhat rich, coming as it does from someone who is a Francophile and supporter of Francois Hollande.

Doubtless you are aware that Hollande's own finance minister Cahuzac, had to resign following revelations that he was involved in tax evasion, and that a former employee of the Swiss Bank, Reyl et CIE recently revealed a further list of fifteen big name French politicians with Swiss bank accounts. And not only are we aware of the financial scandals involving Sarkozy, de Villepin, and Laurent Fabius, but we remember that your former president, Chirac, was also found guilty of corruption.

Transparency International criticised France in two reports for failing to tackle corruption, and the World Audit Organisation recently rate France ahead of both Ireland and the UK for corruption. The UK refused to take part in any bombing. If that's being a 'predator' then I'm happy to be one Sorry but I already know that you have no clue what you are talking about.

You don't have to proof it every time. At least this article is more serious comparing to your "new kind of Greek accounting" The European Court is a joke. Leaded by a Spaniard A Spaniard should contradict an Italian. Two countries with fundamental problems with corruption and finances You should better read your own articles! The German Constitutional Court has the right for the final decision. Our "little" thugs are nothing in comparison of what's happening in the city and what has been going on in Ireland or Luxembourg as it has affects on all European countries' tax collection results.

In the case of the 2 last countries I can understand why, due to their very limited income options. By this example I meant to say that whatever happens, it will never be like it was before for these countries. Only the City, considering its financial power, might go through without too much damages. Europe is the footboard for the FN to reach power, its leaders should praise her: Mario Draghi scheint sich nicht sonderlich daran zu orientieren. Wenige Leute werden daran reich. Der normale Markt nimmt dieses Geld nicht auf, die Zinsen sind bereits bei Null. John Aronsson Also, on a related question: Draghi 3 days ago: I've no intention of getting into a 'thug' beauty contest with you, however France has more than its share of the worst kind: One of them, former President Chirac, was even found guilty of corruption in a French court.

Another — Hollande's finance minister, had to resign for because he was exposed for tax evasion and hiding his cash in a Swiss Bank. I don't recall any such scandals involving members of the Irish government. And again, may I remind you of how your country scored on the National corruption ratings. As for your comments about spying — perhaps you need to start critising your own government, bearing in mind its collusion with GCHQ and the NSA: You somwhat disingenuously misunderstood my reference to the French jets: Is that a real question?

Or is that just a hope?

www.newyorkethnicfood.com:Kindle Store:Kindle eBooks:eBooks in Foreign Languages:Spanish:Business & Economics

I mean isn't it that difficult to inform yourself? Internet is full of informations. Explain me how can you control ECB? Have you've ever heard something about power divisions in a democracy? ECB is not a suprapower. ECB is an association of the national central banks. EU is not even a state. The last decision has each national court.

And if ECB acts ultra vires what it did of course we can sue at our national court. European Court is a joke and has nothing to say. Germany is still souvereign. And our Constitutional court already decided against OMT with 6: But the program wasn't realized. So if our court doesn't want to ridicule itself we'll see the real European bomb. Anyway, do you know what is really funny: I can guess from which region you are just by reading a few sentences from you.

You are from South Europe. Probably from — I would say — Italy! I have no problems with Northern and Eastern Europe. Italian voted for criminal Berlusconi for 20 years! And without Berslusconi they aren't able to rule the country. Greece was ruled by two families and is btw completely corrupt. Spains ghost cities are witnesses of corruption, too. France has the highest social standards in the world but can't finance it.

That is is the pure and poor reality. The strange thing is: Southern Europeans support socialist and Draghis policy. The guy who worked for the most neoliberal "institution" in the world. For example this one: As for where I'm from, I never hid that I was born in Italy. For example in the last conversation we had together: If it would be right, the lawsuit wouldn't go back to the German Court. EU is not a state. And German is fortunately souvereign. It can, and must, decide on whether German institutions incl.

Bundesbank can abide by ECB's decisions. I don't see why you cannot agree with me on this one. Just because I'm Italian? Bundesbank can abide by the ECB's decisions. Of course It cannot decide for the ECB. I haven't said this. But the ECB decisions can break German law. I am sure you mean well veritas, I have no doubt about it but the thug thing was not my point. My point is that you see the world in black and white, good Greeks, bad Germans and so on, and on. I think you have been living too long in your comfort zone to constantly express this one-trick-poney rhetoric of yours.

').f(b.get(["POPULAR_CATEGORIES"],!1),b,"h",["s"]).w("

You certainly need to thrill yourself but be aware that there is nothing to learn reading most of your comments as there are just an invitation to turn our weapons back at Germany and give our last dime to the Greeks. Since you can be very articulated, a talent I don't have much in english, I would expect somebody like you to think more about the consequences of your thinking in the real world and define some alternatives, the hard part, instead of just throwing the turkey in the garbage. Even if I disagree with the anti-Euro speeches of Aditec and Selber or the sovereignist inclination of elogio, I find their comments extremely informative and fundamental to forge myself an opinion.

I don't need to be brainwashed by simplistic slogans and drastic assertions. At least and since you say you are francophile, you should choose between being a Robespierre or a sans-culotte. Issues that do affect the South more than the North. The problem with the dominant view in Germany is that all analysis and proposed solution is based on that argument, when in fact economic reality is more complex than that. The Irish government has now been descibed as a bunch of ' thugs' by a contributor to this thread.