
Sunday, January 29, 2017

Saturday, January 28, 2017

Friday, January 27, 2017
Bucharest - the extremely optimistic estimate of the evolution of the economy in the next four years is not the only weak spot of the budget. Even if we overlook "transparency" easily, what about prudency? Hasn't the CNP learned anything, and more so our authorities, from the lesson of the crisis that began in 2008? Where does this optimism concerning the evolution of the economy over the next four years come from, when the global trade "landscape" is precisely in the process of undergoing a transformation following the victory of the Trump administration, and the problems of the EU are going through a new phase of worsening? The report also states that the "potential GDP will increase at an annual growth rate of 5.1%", whereas "the gap between the GDP and the potential GDP levels expressed as a percentage of the potential GDP will be closed in 2018". But don't we have the opinion of some NBR officials, that the output gap was closed as early as 2013 or Q2 2016? Aside from "faith", we must not forget that the methods for estimating the difference between the potential GDP and the real GDP are more or less mechanical, as they are heavily influenced by the growth of lending. Does the new government believe that we are back to the period of "growth" based on cheap loans and ultra-lax lending norms? It would seem so, because the report concerning the macroeconomic situation in the next years reflects an unrealistic approach of the evolution of borrowing costs. The governmental report also shows that "the yields of government bonds have followed a downward trend in the first three quarters of 2016, and then rise was mostly due to a number of foreign events". Unfortunately, we are not given a forecast of borrowing costs until 2020. Even though the president of the PSD has participated in the festivities for the instatement of the new president of the United States, the "expertise" he gained from that has not included the transparency provided by institutions such as the Congressional Budget Office (CBO) or Government Accountability Office (GAO), even though their forecasts are unrealistic as well.
NIS, subsidiară a Gazprom, începe
operaţiunile de foraj în perimetrele concesionate în vestul
României
Monday, January 23, 2017
Donald Trump is planning a new deal for Britain this week as Theresa May becomes the first foreign leader to meet him since the inauguration.
With hundreds of thousands of people across the world protesting his presidency, Mr Trump’s team was working with Number 10 to finalise plans for White House talks.
Mr Trump has even taken to calling Mrs May “my Maggie” in reference to the close Thatcher-Reagan relationship he wants to recreate, according to sources....
The historic trip comes as:
- A deal to reduce barriers between American and British banks through a new “passporting” system was being considered by Mr Trump’s team
- A US-UK “working group” was being prepared to identify barriers to trade and scope out a future trade deal
- A joint statement on defence was expected to demand EU countries spend 2 per cent of GDP on defence and promise collaboration in tackling Isil
More than 60 million people in this country are hopeful — they want Mr. Trump to work on behalf of them to restore jobs in their dilapidated towns, to improve the education for their children, to help unite this fractious Republic, by making the American dream obtainable to all Americans. They’ll dance at the balls this weekend, or toast champagne from within their homes. All are uncertain at what a Trump presidency may bring, but they are willing to give the man a chance. All but the mainstream media that is. Network heads and newspaper editors are filled with anxiety — yes, Mr. Trump’s supporters are jubilant, but the other half of this nation (including most within their own newsrooms) are devastated. And to them, that devastation is more powerful, more convincing. And thus, their coverage has reflected those fears, and none of the optimism.
In the centre of Trappes, in Paris’s western suburbs, a group of young men are handing out flyers urging locals to vote for Benoît Hamon. Neither the name nor the face is familiar in Britain, but that could well be about to change today.
“Vote for this man and you will see the real France,” says one, thrusting a leaflet into my hand. It sounds more like a threat than a promise, but this rather gritty Parisian banlieue – the subject of several billion euros’ worth of regeneration investment – is Hamon’s home ground. One of seven candidates in the first round of the Socialist party’s (PS) primary election to choose a presidential candidateon Sunday, Hamon, 49, was considered an outsider only a fortnight ago, but is fast gaining ground. To some, he is the French Bernie Sanders or Jeremy Corbyn – albeit a considerably younger version. Hamon’s anti-capitalist programme includes a “universal wage” (a form of basic income), work sharing, the use of referendums to decide policy and the legalisation of cannabis. It has been dismissed as utopian by centrist critics, but that will not worry Hamon overly. This is about the socialist movement showing that it can do populism and protectionism better than the far right. France’s Front National leader, Marine Le Pen, is profiting from dissatisfaction among working-class voters who feel abandoned by both the left and the right. Hamon, his Socialist primary rival Arnaud Montebourg, 54, and the hard left presidential candidate Jean-Luc Mélenchon, 65, who is standing “outside the frame of political parties”, all argue that the Socialist party has abandoned the working class by shifting to the centre ground. This is embodied by Manuel Valls, the former prime minister and another primary contestant – who once reportedly suggested dropping the word “Socialist” from the party’s name.
Wednesday, January 18, 2017

And they did so with their eyes open: accepting that the road ahead will be uncertain at times, but believing that it leads towards a brighter future for their children - and their grandchildren too. And it is the job of this Government to deliver it. That means more than negotiating our new relationship with the EU. It means taking the opportunity of this great moment of national change to step back and ask ourselves what kind of country we want to be. My answer is clear. I want this United Kingdom to emerge from this period of change stronger, fairer, more united and more outward-looking than ever before. I want us to be a secure, prosperous, tolerant country - a magnet for international talent and a home to the pioneers and innovators who will shape the world ahead. I want us to be a truly Global Britain – the best friend and neighbour to our European partners, but a country that reaches beyond the borders of Europe too. A country that goes out into the world to build relationships with old friends and new allies alike.
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