The Euro’s problems continue. Greece’s sovereign debt is still neither under control, nor resolved, and they’re not the only European country struggling. Author and University of Athens economics professor Yanis Varoufakis gives Steve Paikin an update on the Eurozone`s future and the risk to other global economies
In partnership with the World Economic Forum, Time magazine hosts this debate focusing on the uncertain future of capitalism.
• Sharan Burrow, General Secretary, International Trade Union Confederation (ITUC), Brussels; Global Agenda Council on Employment & Social Protection
• Brian T. Moynihan, Chief Executive Officer, Bank of America, USA
• Raghuram G. Rajan, Eric J. Gleacher Distinguished Service Professor of Finance, Booth School of Business, University of Chicago, USA
• David M. Rubenstein, Co-Founder and Managing Director, Carlyle Group, USA
• Ben J. Verwaayen, Chief Executive Officer, Alcatel-Lucent, France; Foundation Board Member
- Many of the people who control the world’s largest corporations are quite comfortable with the status quo post-financial crisis.
- The public policy issue of the day, from the point of view of such CEOs, is simple. There needs to be sufficient fiscal austerity to strengthen public balance sheets – so that states can more effectively stand behind their banks in the future, and to keep currencies from moving too much. Leading bankers, in particular, insisted on the paramount importance of providing unlimited government support to their sector during 2008-09; now they insist with equal or greater vigor that support to all other parts of society be curtailed
- Corporate Davos was borderline exuberant. Even if a deeper crisis looms, does the global business elite really care?
Lees het hele stuk over Davos op: The Baselinescenario
CNBC caught up with Roosevelt Institute Senior Fellows Rob Johnson and Joseph Stiglitz at Davos to talk about the state of the US economy. “I think the United States is struggling,Johnson summed it up. We have to restore hope and faith and confidence in productivity.And while the GOP is narrowed in on cutting spending, Stiglitz reminds us, “The real problem is the way we’re spending money, not the amount we’re spending.
Rob Johnson en Joseph Stiglitz @ Davos: We hebben nu stimuleringen nodig
Rob Johnson en Joseph Stiglitz @ Davos: We hebben nu stimuleringen nodig
CNBC caught up with Roosevelt Institute Senior Fellows Rob Johnson and Joseph Stiglitz at Davos to talk about the state of the US economy. "I think the United States is struggling," Johnson summed it up. "We have to restore hope and faith and confidence in productivity." And while the GOP is narrowed in on cutting spending, Stiglitz reminds us, "The real problem is the way we’re spending money, not the amount we’re spending."
http://www.newdeal20.org/2011/01/28/rob-johnson-and-joseph-stiglitz-at-davos-we-need-stimulus-now-34217/
Category: News & Politics
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