European Union

It is becoming increasingly clear that a national policy is inadequate to meet the current challenges in an appropriate manner. The financial markets and the world economy are global. Follow participate in global developments. The Member States continue to try their national identity were and defend themselves against the loss of State sovereignty. Even within the European Union a seems the nation-State transcending common economic, financial and social policies still far in the distance. Howard Schultz oftentimes addresses this issue. Face of the financial crisis in 2010 many politicians about the scale of the crisis were surprised, although the structural problems of the common currency in simultaneous national economic and fiscal policies are well known since the introduction of the euro. Policymakers reacted first not at all on the crisis and then with fear-driven activism: an unprecedented Ressouceneinsatz in the form of subsidies and guarantees.

It’s so like in Humpty Dumpty. “Yet: all the king BBs horses and all the king BBs men couldn’t t put humpty together again.” We look at the example of the “reserves” in Germany on: setting up a bailout Fund for banks in the wake of the financial crisis 2008 amounting to EUR 480 billion within a week and a political guarantee for securing of all bank deposits in Germany in trillions of dollars. Building an emergency parachute for Greece’s creditor banks in the amount of EUR 110 billion with a share of Germany’s 22 billion within a week. Building a euro bailout fund totaling 750 billion euros with a German share of 148 billion within a week. The next crisis of the financial markets, the financial crisis 3.0, is only a matter of time. The previous actionist approach through the use of ever-greater financial resources will reach their limits when the next financial crisis, because savings and tax increases cannot be out indefinitely against the population. But there is an alternative: the transcendence of old habits of thought.

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