Friday, July 5, 2013

My text may sound offensive, but such absolute opinions should be criticised strictly...

Angela Merkel has said youth unemployment is the biggest crisis facing Europe and urged other governments to do more to copy the German system – concentrating on apprenticeships and not simply academic study – to prevent the emergence of a "lost generation".
In an interview before a summit to tackle joblessness among young Europeans, the German chancellor said her country's tried and tested dual system – a mix of classroom learning and on-the-shop-floor work experience – was the best way forward at a time when almost six million under-25s in Europe are out of work.Typical Merkel, telling everyone 'you have to do it like we do in Germany'. The Chinese, Brazilian and German economies all have their own weaknesses that will surface sooner or later, they are not models for other countries.
Merkel eptiomises the smug, superior 'I 'told you so, we know better in Germany attitude' that appeals to the Bild reader but alienates everyone else. She's not capable of leading or setting an example in Germany let alone Europe. A leader withut any vision except beyond being reelected. Someone who turned down the invitation to attend Thtacher's funeral but a few weeks later found time to attend the all-German champions league final and cheered like a schoolgirl when Germany thumped Greece 4-0 in Euro 2012 shows she has no tact or diplomacy or sense of how her actions or behaviour are played out beyond her narrow constituency. She is not the leader of Europe's strongest nation we need. Unfortunately there is no one better on the horizon. Germany as a democracy is incapable of producing leaders of stature or vision....Merkel alone cannot push the solutions to youth unemployment in Europe. Other countries need to examine their own situations... How much nepotism plays a part in getting a job?
How can inter-generational mobility be improved, so that the young can look forward to better life?  How can the scam of unpaid internship be stopped?  Do the private companies have social responsibility in the period when public sector's ability is curtailed in the name of austerity?
Importantly, how can we embrace re-industrialization and leave behind the obsession with financial services sector, risk-taking with other people's money, and highly skewed wage-compensation structure? As we focus on manufacturing of surplus through production and innovation, we need to manufacture consent regarding distribution. We cannot expect to have healthy societies if we persist with the current model of production (outsourced abroad at the expense of domestic capacity) and distribution of rewards concentrated on one sector of the economy.

3 comments:

Anonymous said...

Here are the yields for 10-year bonds of other countries, from Bloomberg:
Japan: 0.85%
Switzerland: 0.96%
Germany: 1.67%
Netherlands: 2.08%
France: 2.30%
UK: 2.40%
USA: 2.50%
Italy: 4.47%
Spain: 4.71%

Anonymous said...

No problem, the Germans know best and everyone must conform to their structure. If you don't then you will fail (against the German model) They tried this in the early 1900's and again in the mid 1900's often referred to as the first and second world wars. They failed then but I feel that the Germans might succeed this time as they force individual elected Governments to impose unsuitable restrictions on their people. The German way is not tolerant and is not necessarily the right way for all European nations. The Governments of these nations need to stand up and do what they were elected to do, not what the Eurocrats say

Anonymous said...

Portugal's president speaks


And here's the details of that newsflash, via Reuters:


Portugal's president warned on Friday that a negative scenario for the country would be if it failed to return to markets as planned in 2014 due to external events or internal politics.

"The incapacity of returning to the markets in 2014 could even be a result of the troika not being ready to sign off in a positive way on the rescue package," President Anibal Cavaco Silva told a conference.

Analysts have warned that a political crisis that hit the country this week could upset the smooth progress of Lisbon's adjustment programme under a €78bn bailout by the European Union and IMF.

No word yet on how the negotiations between the Portuguese political leaders is progressing, following the 'formula' for stability apparently hammered out last night