Dvipusių susitarimų spaudyklė

FT.com :: Franco-German challenge to eurozone bank rescue plan

The two also agreed to back a more German vision of the eurozone’s fiscal future. Paris, with the backing of Brussels, had sought a substantial eurozone budget that could be used to provide counter-cyclical payments to struggling countries, such as a eurozone-wide unemployment insurance scheme.

Instead, the two sides agreed to explore a less-ambitious “specific fund” that could only be tapped to provide incentives for countries to agree tough economic reform measures.

Such reform measures would be part of new “contractual arrangements” between national governments and Brussels that would be akin to the detailed reform agenda’s currently agreed only with bailout countries.

The contractual arrangements and a limited incentive fund have long been part of Berlin’s agenda for eurozone reform.

Jeigu eurozona išties būtų į politinį solidarumą nukreiptas projektas, centralizuotos socialinės programos, finansuojamos per bendrą europinį deficitinį biudžetą būtų pats tas sprendimas. Prancūziška vizija - pusė žingsnio teisinga linkme.

O jeigu eurozoną suvokti kaip neokolonijinį projektą, vokiškoji strategija - way to go. Rinkti iš periferijos kanukų neįgyvendinamus politinius įsipareigojimus ir dusinti. (3% fiskaliniai deficitai eurozonos mastu yra neįmanomas, nepasiekiamas taikinys).>

Yanis Varoufakis parinko metaforą:

Suppose that I were to demand of you that, by the end of August, you should be able to run the 100m sprint in less than 10’’. Suppose further that, to give you a firm incentive to lift your ‘game’, I whip you continually. Alas, August is approaching and your performance in fact declines, as the whipping has drained your body and spirit; in addition to the soul destroying common secret that you never really stood a chance of running 100m in less than 10’’. So, faced with this grim reality-check, I announce a new timeframe: While I am not reducing the frequency or severity of my whipping, I give you more time to achieve the impossible task. You now have until the end of… December to reach your ‘target’!

ir paprastai paaiškino, kaip diržų veržimasis Europoje veikia:

Austerity is not about low deficits. Low deficits are an end; an objective. Austerity is a policy; a means-to-an-end, where the end is low deficits. Austerity is thus defined as the attempt to reduce the deficit by cutting spending and boosting taxes.

Now, the trouble with austerity is that, when implemented in a time of private sector deleveraging (i.e. when firms and households are struggling to cut down on expenditure and reduce their indebtedness) austerity is self-defeating as it reduces tax revenues faster than (or as fast as) it shrinks expenditures. So, the result of austerity can often result in high deficits and invariably fails to reduce overall debt levels! Precisely what happened in Spain, in the UK, everywhere it has been practised since the Crash of 2008.

To sum up, austerians point to sustained deficits and debt levels as evidence that austerity has not been practised. The reality is precisely the opposite: The stubbornness of deficits and debts is the result of austerity that was implemented energetically and failed spectacularly – as predicted.

Vokiška prievartinių reformų politika problemos nesprendžia. Reikalingi didesni deficitai ir fiskalinis perskirstymas.