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Subsidiarity: Commission budget powers versus nations own determination of welfare state issues

Typical social security benefits include old age pension, survivor’s pension, disability benefits, sickness benefits, birth grant, unemployment benefits, family benefits or health care.

Member States set their own social security rules in line with their own circumstances.

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Eurocrisis

More critique of Germany's policies - Bill Mitchell edition

Via this link.

I think he asks a very relevant and painful (for the Eurocrats) question: would the cost of abandoning the euro have been as great as the drama we see right now in Europe, with unemployment, underemployment, crumbling (i.e. 71 more words

Eurocrisis

Bill Black on Germany and the Eurozone economic policies

On Naked Capitalism.

For the sake of argument, while I think that Black is essentially correct, the issue actually goes deeper as Edward Hugh points out.

Eurocrisis

Housing bubble in parts of Finland? Yle Housing -edition

I thought recent statistics showed that at least in terms of total housing prices outside the Greater Helsinki area showed real signs of decline. It seems like the Finnish housing bubble is slowly deflating. 744 more words

Eurocrisis

Philip Pilkington on the ILO and trade unions (and more)

Philip Pilkington has a very interesting post on a post of his regarding a joint report by the ILO, OECD and the World Bank. As he points out, the ILO usually mostly talks sense, in economic terms. 78 more words

Eurocrisis

'Europe has a problem and it is called Germany.'

Read this article.

Also in Finland it can be clearly observed that ‘households will not spend because they scared of becoming unemployed and try to minimise their outstanding debt obligations.’ Statistics Finland had on the one hand a note that showed private indebtedness is still increasing (which I referred to yesterday) but also a note that shows that the household’s saving rate seems to be… 44 more words

Eurocrisis

Hyvä, että joku muu kirjoitti tästä - Hesarin pääkirjoituksesta

Eli Pertti Haaparanta kirjoitti Hesarin pääkirjoituksen kritiikkia. Mä vaahdoin suusta melkein ja päätin olla kirjoittamatta tästä mutta mieluummin nostaa Paavo Teittisen kolumni Saksasti esiin hyvänä esimerkkinä talousjournalismista.

Eurocrisis