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Europe Has Proven Economic Data is a Political Tool… Not Reality
Let’s start with Europe.
It’s now clear that the spate of positive economic data coming out of Europe prior to the German Federal Election in September 2013 was just political gaming to get Angela Merkel back into office.
The reasoning here is obvious: Merkel has walked a tightrope act between appearing to play “hardball” with bankrupt EU nations while effectively writing every check needed to keep the EU project together.
Consider that the alternative to Merkel was a completely anti-Euro party that wanted Germany out of the Euro, it’s fairly obvious who EU-leaders would be supporting during this election.
Germany's exceptionalism is obvious. Whereas electorates across the European Union have punished their governments for the Great Recession and the euro crisis, Germans re-elected Chancellor Angela Merkel and displayed strong support for her party, the Christian Democratic Union (CDU), in the recent election…
Elsewhere, populist anti-European parties of the right have been gaining ground with campaigns directed against immigrants and minorities, especially Muslims…. Germany, by contrast, has no anti-European party with any serious support. Even the newly formed Alternative for Germany – which did unexpectedly well in the recent election, finishing just short of the 5% threshold needed to enter the Bundestag – insists that its anti-euro agenda is not anti-Europe. They want to end the common currency, because, in their view, it is undermining the European ideal.
Against this background, Germany's neighbours have been showing their love – or at least admiration. At the end of 2011, Polish Foreign Minister Rados?aw Sikorski called upon Germany to take a stronger leadership role in Europe..
Likewise, as France slides into a governance crisis and its leaders' credibility rapidly erodes, the leading French intellectual Alain Minc has published Vive l'Allemagne (“Long live Germany”), in which he argues that Germany is Europe's healthiest and most democratic country.
In Italy, the bourgeoisie of Milan and Rome have made a point of spending winter days dressed in characteristically German Loden overcoats.
Even in the habitually Eurosceptical United Kingdom, Prime Minister David Cameron has sought to boost his international credibility by highlighting his close ties with Merkel, rather than by emphasising the UK's ‘special relationship' with the United States.
http://www.europeanvoice.com/article/2013/november/falling-for-germany/78619.aspx
Merkel’s Germany is effectively the glue holding the whole EU mess together. And it is not surprising that those EU-political leaders (PMs in Spain, Greece, Portugal, etc) in danger of being ousted by anti-Euro parties in their home countries are exceedingly “pro-Merkel.” No Merkel= no Euro = no more political career for most of this crowd.
Note in the below article how the improvement in unemployment for August was revised down after Germany’s elections.
The unemployment rate across the 17-country eurozone hit a record 12.2 percent in September, with about 19.5 million people classed as jobless by EU data agency Eurostat.
Thursday's figures showed the August rate had been revised up from 12.0 percent to 12.2 percent…
Analysts said the "revising away" in August of previous falls dented hopes of the labour market having bottomed out.
http://www.france24.com/en/20131031-eurozone-unemployment-hit-record-122-september
Economic data can be and is commonly used as a political tool. The EU is just the latest example of this. Indeed, if we look at the market, we’re getting clear signals that the next round of the EU crisis is beckoning. Indeed, the EU just announced record unemployment. And the biggest issue remains youth unemployment, which remains north of 50% for most of the southern periphery.
The market, which can be gamed for political purposes in the short-term, has a way of predicting turning points. And with that in mind, I want to note that the markets are indicating that the next round of the crisis is here.
For a free report on how to prepare for it… swing by…
Best Regards
Phoenix Capital Research
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Good economic data are a precondition to effective macroeconomic management. With the complexity of modern economies and the lags inherent in macroeconomic policy instruments, a country must have the capacity to promptly identify any adverse trends in its economy and to apply the appropriate corrective measure. This cannot be done without economic data that is complete, accurate and timely.
Increasingly, the availability of good economic data is coming to be seen by international markets as an indicator of a country that is a promising destination for foreign investment. International investors as well as commercial lenders are aware that good economic data is necessary for a country to effectively manage its affairs and, other things being equal, will tend to avoid countries that do not publish such data.
"A reverse scenario of the 2008 crisis in the US would be a potential new crisis, starting from Europe this time. Global neoliberal dictatorship feels a threat for its domination which may start from the oncoming euro elections. Forces of the eurosceptics, mainly from the patriotic Right appear to be strengthened, while the European Left seems to be determined not to follow the neoliberal block as the Socialist European parties did."
http://failedevolution.blogspot.gr/2014/02/when-system-threatens-with-ne...
"In Italy, the bourgeoisie of Milan and Rome have made a point of spending winter days dressed in characteristically German Loden overcoats."
LOL
first, why is it bourgeoisie when it's european, and middle class when it's American? the two terms used to be interchangable... until the American definition changed
second, why is there still a middle class in Europe, specifically in Italy? (hint: look at the small & medium businesses)
third, does the author really understand Italian fashion statements?
hint: look at the small & medium businesses
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I write about that frequently here, but sadly most don't get it, likely cuz few travel.
The gist is this ZH, frequently bashes un-employment in say greece, italy, or spain.
Yet, these places have family biz ( 1,000's of years old ) bread, pharma, tobacco, all under the table job's,
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So what does reported un-employment mean?
Yet in the USA, all the small ma&pa shops are gone,... I'm not sure if you know this ghordius, but 20+ years ago, every town had shops like Italy, one for bread, another for smoke, another for ice-cream&beer,... basically 80% of shops were small family biz and that family had that biz, 100 generations.
Now in the USA all small shop is gone the small towns are destroyed, if there is a shop its star-buck or 7-11, some national klusterfuck.
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The issue is the USA has no fucking Idea what its has lost in family small biz, but it was want makes Europe sweet and beautiful.
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It's like 30+ years ago when I used to live in Crete the old men would say to me at night while drinking Ouzo and Retsina, "We ain't got much, but we know what we have",..."You american's think you got something, but you aint' got shit".
Greece still has small shops right? It's not like america where they're all gone?
A small shop gives a family, power, security, wealth, employment forever.
In the USA the NAZI's ( AIPAC ZIONISM ) took away all dignity from all citizens and reduced them to FSA or parasites.
Please GHORDIUS spread your message and don't let the assholes (ZIONISM) destroy Europe like they have USA.
Latest figures I found on US small business per capita was 19.985 small busineses per 1000 people. That's below the weighted average of 35.5 and at a rank of 70 out of 113. The top five countries on the list tell me a rich number of small businesses can accompany a good economy but it isn't necessarily so
Indonesia 195.274
Sweden 99.562
Paraguay 98.44
Cyprus 88.306
Kenya 87.391
You're totally oblivious to the possibility of rebuilding small business today. There's no reason why people wouldn't start one up as they can and side-businesses have pretty low barriers to entry. Compared to that blindness, the anti-semitism is just ordinary grade stupid.
Source:
http://www.nationmaster.com/graph/eco_mic_sma_and_med_ent_num_percap-med...
I see this quite differently. Small business as such does not mean anything. Countries like Indonesia, Paraguay and Kenya have lots of very small businesses, meaning lots of people are simply self-employed
that's good, but that's not what makes an economy successful in the long run. to make an analogy to ecology, you are just counting the "green shoots"
it's when small business can thrive and reach the possibility of medium size that things starts to become interesting
that's where also jobs come into play. that's not "green shoots" anymore, that's young trees, growing organically, and often fast
and that's the point where in a over-financialized economy the journey often ends. either by buy-off or IPO or whatever, becoming part of a bigger entity
to complete the analogy, the young trees are then either killed off or eaten alive by the lords of the jungle, the mammut trees
and Big Biz is efficient. too efficient, then it's too good at killing jobs
yet you won't find any Big Biz CEO that understands that his long term interests would be better served by fostering organic small-to-medium business growth
"Likewise, as France slides into a governance crisis and its leaders' credibility rapidly erodes, the leading French intellectual Alain Minc has published Vive l'Allemagne (“Long live Germany”), in which he argues that Germany is Europe's healthiest and most democratic country."
not only, the French intellectual and political are studying the German Ordo-Liberal Model, and even President Hollande is talking of adopting it. Many europeans are finding out that small and medium business matter
"Against this background, Germany's neighbours have been showing their love – or at least admiration. At the end of 2011, Polish Foreign Minister Sikorski called upon Germany to take a stronger leadership role in Europe.."
LOL. and? does it hurt? Germany is strongly federalistic, and has a good governance
duh. when it comes to Europe, Phoenix Capital is full of garbled bullshit, as usual
"Elsewhere, populist anti-European parties of the right have been gaining ground with campaigns directed against immigrants and minorities, especially Muslims…. Germany, by contrast, has no anti-European party with any serious support. Even the newly formed Alternative for Germany – which did unexpectedly well in the recent election, finishing just short of the 5% threshold needed to enter the Bundestag – insists that its anti-euro agenda is not anti-Europe. They want to end the common currency, because, in their view, it is undermining the European ideal. "
there is no Muslim country in the EU. in order to immigrate to an EU country, Muslim foreigners have to immigrate from the outside. And this means any Muslim immigration is a national affair, not an european one.
Pakistanis in the UK are a colonial, national legacy. North Africans in France are a colonial, national legacy. Turks in Austria and Germany are also a national legacy. Middle Easterners in Sweden are a national affair. They all came in before the EU or without EU involvement, based on national immigration policies
meanwhile British populist media was waiting for a big influx of Romanians and Bulgarians to the UK, and were flabbergasted not to find any since January 2014
yes, we have A) pro-EU superstate proponents, B) pro-EU federalists, which includes the Europe of the Regions proponents, who often want to abolish the current nation states in favour of smaller Regions (think Scotland, Catalonia, Flanders, the German Länder, the Austrian Länder, the Italian MacroRegions), C) pro-european integrationalists, D) pro-EU confederationalists, E) pro-EU cooperationalists, and F) pro-EUR proponents. all in a flux
and some of the first two groups (A-B) like to see the EUR as a liability for their goals. just in case you want to know, yours truly is more on the D-E-F side
France will downgraded
I know, I know most Germans who still have voted, voted for SPD / CDU. Well it does not help that I was not among them. I don't agree with a single thing the government has done the last 5 years be it from the SPD/CDU/FDP/Grüne or whatever. So I guess we who do not agree, have the same problems as the US cititizen not "wanting" the two parties in the USA. It simple does not help us a bit. Everyone is hostage to his state. And that's the whole sad and pity story....
You mean Goveernments lie???
Please, say it ain't so!
and terrorism is a political tool.
the monopolists of this tool suffer
no competitors lightly.
Is anyone surpried by this?
Captain Fucking Obvious strikes again!
Graham Summers find's TURD eat's shit, declares to ZH that he has found the next "BITCOIN".
Israel passes TURD to UKRAINE operative to make UKRANIANS feel good about joining the EU.
Ukranians say fuck you to everbody and go on date with PUTIN.
Israel fires graham summers as shill, and summers has to go work fulltime for ZH writing articles for a nickel ( or one click ) a day ...
Sad story, ... if I must say.
Odd logic at best. Merkel was simply the least awful alternative.
As English teachers often point out, theories will be proven when streets are paven. And if you like historical, you should love academical. English is godawful enough without adding to the carnage.
The lesser of two evils is still evil. Period
Wonder how many Germans blame the funny numbers on the influence of the UkleptocracySA?
Every senile German now knows to call the NSA when they can't find their depends ( adult diapers ) or their glasses.
What the NSA has done for Germany is what AIPAC has done for the USA economy.
It's not a Recession/Depression until your wallet is empty.. opps.. too late
Thanks captain obvious.
Um no, the shit they gave out then was BS to get Merkle elected.
You mean the most recent data influenced the German elections in September 2013 ?