At a recent Conference in Jackson Hole’s Mario Draghi to fiscal policy changes direction and help monetary and structural reforms.
P P Yolanda told me he actually told … that claims most of the Governments and international institutions and economists: that any cost-saving kills economic growth and the EU’s taking in a long deflationary depression. But German politicians not put, and continue to argue that the ‘growth and fiscal consolidation are not in conflict’ and ignoring statistics and economic research.
The following is the results of present P some of the research that I do not acknowledge the German theory.
What about the Slovenian economy. Of course, not alone, but is saved by public costs to further strengthen its economic growth. And well, that is not saved, because otherwise it would be a disaster even greater in the EU, believes Damian.
For Germany is nothing to be afraid of. We’re going to the rest of the South of the Republic, in particular, worked for the German bank. Many times I think it is Ms Merkel without a single bolt of lightning reached more in a more friendly way than Hitler with his vast military machine. I’m sorry, but English politics-deni and left, too, that your brain lackeys to activate – if there is no communication between brain cells too disabled for too much loneliness.
More news on
Candidate for Finance Minister Dušan Mramor was on the finance Committee by 14 votes in favour and six against. Continuation of savings and attract investors, predicts.
Mramor is in defending explained that sees an opportunity to get out of the crisis in the financial system, which serviced the solid economy and population. The first task should be to economic independence, which can be achieved only by means of a competitive economy, he said.
” The economy is weak, but if you have the option, as appropriate to support the exit from the crisis, ‘stressed Mramor, who was finance minister during the 2002 and 2004. It is pointed out that in Slovenia for many years, imbalances (in the area of public finances, the financial market and the labour market), resulting in low or negative economic growth.
What about new fiscal law in Slovenia?
Time and space for political games no longer
‘s situation is serious. Room for manoeuvre for various political and blockades, ” not dribble has warned, if confirmed and announced for the Finance Minister, restrictive fiscal policy. When we get the deficit below the required three percent of GDP, it must try to reduce the debt below 60 percent of GDP.
In the long term, the EU will have to bite the tighter fiscal integration, without which there will not be a stable monetary Union in Ljubljana today warned Economist Charles Mrak. He’s worried about the failure of pressure and will to carry out the structural reforms which, in his opinion, should be continued.
The University of Ljubljana, Faculty of Economics, and a consultation of the European Commission on the situation and challenges in the euro area the weaknesses in the original structure of economic governance in the EU. Have not complied with the one of the key things is that monetary Union needs very serious fiscal leg ‘. ” Because there was no political appetite at the time that goes into it, it was looking for a second-best solution. This is the stability and Growth Pact, ‘he said.
This solution is envisaged to have ‘ each in his own house in order. ‘ The Pact were in fact laid down the upper limit for the public deficit and public debt. ‘ Through the crisis has shown that this is not enough, ‘he told Mr. Mrak and the infringement of the rules in Germany and France come to the dilution of the Pact, in a crisis, we came unprepared. Another disadvantage was that the euro area had no mechanism to deal with crises.
News about fiscal changes in Slovenia
At the time of the last crisis, the importance of the stability and Growth Pact as a mechanism for the prevention of crises intensified. In legal terms, the case is greatly expanded, we have a fiscal pact was introduced the so-called ‘European semester’, put in place a new mechanism to deal with crises, who is from the temporary mechanism in the EFSF permanent, that is, ESM, establishes the Banking Union. ” These are the key pillars of the new arrangements, ‘ he explained the dusk.
More news on:
By the end of April the Government in Brussels to send a National reform program and the stability program, in which it will be written, and how we want to live in Slovenia.
More is coming deadline for submitting documents, the greater the jitters between employers, trade unions, political parties and citizens. Until now, only to see the draft of the programme, from which concrete measures have not yet been identified, from the individual statements that we have heard in recent days, however, is that despite the restart economic growth for an extended period of belt tightening.
About what will end up in the papers, which will have journeyed to Brussels, the coalition partners started to talk or negotiate, yesterday. The basic starting point should be the promotion of investment, structural reforms and fiscal responsibility.
More news about fiscal cash register in Slovenia:
Patrick wants a list of concrete measures.
The words that we have heard a million times, but what citizens interested in concrete actions, which will be known in the quality of their stay.
As we have already noted, it is becoming increasingly clear that the Government thinks Mira Cerarja measures that brought them the law on balancing finances, from temporary to permanent. If you remember, the us Government in 2012 due to the crisis made that we are feeding ‘temporarily’ shut down. ‘ Until the end of the crisis, ‘they said.
More news on: