Europe needs more crisis solutions.

It’s time to bet, if Europe’s economies should not languish in conservatism.

The divisions within Europe on a joint crisis plan now get individual countries to resort into national emergency solutions. France‘s new socialist president, François Hollande, have the courage to take the lead and the willingness to make his election promise of creating a more socially equitable debt repayment – and introduced with effect from yesterday increased fiscal taxes on, among other shares.

France’s new finance tax is with some technical differences, the European financial tax proposal by the EU Commission. For months, the debate rolled across the continent and divided European countries into two groups – with Germany and France in the vanguard and the northern skeptic countries, Britain, Sweden and Denmark, as opponents. Now, fiscal tax a reality in France and will continue to contribute by billions to pay off the French debt, which largely has been accumulated on account of the rescue packages for the financial sector.

It is responsible and fair. A national fiscal tax is only the second best solution. Of course it would be more efficient and effective to introduce a tax on money transactions at pan-European level. But no, the Nordic countries blocked. Finance Tax may be criticized from the front and rear, but it is basically positive that France shows. that there are alternatives to the bourgeois cocktail of austerity measures and tax cuts, which obviously does not work.

Unemployment continues to rise. Nobody has the magic solution to Europe’s morass or the common level in the EU or locally in the heavily indebted countries. Therefore it is healthy that countries are trying out different actions and at the same time kick boost employment and reduce debt.

Without new jobs the economy will continue to shrink, and the debt would increase relatively, completely out of control. And with no real debt servicing costs will the interest payment block for new job investments. President Hollande is trying to find a new balance – with both increased job investments and additional tax revenues from the least productive parts of the speculative economy.

But it will be a historic failure, not daring to try new solutions. It’s time to bet, if Europe’s economies should not languish in conservatism.

Kurt Lykke Lindved

Culture and Development, UN

 

 

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About lindvedpress

Professional – Career * Qualified as a Charter Agent in the East Asiatic Company - Became a State Authorized Shipping Broker in 1969 * Captain in The Sirius Patrol – Greenland at Thule Air Base, 1969-1971 * Postings in New York, New Orleans, Toronto, Rio de Janeiro, Lagos and London as Charter Agent and Manager 1972 – 1983 working for The East Asiatic Company Ltd. – Copenhagen * 24 years with The East Asiatic Company Ltd and subsidiary companies as Charter Agent, Marketing and Development Manager; and General Manager * Supplementary courses and examinations in Maritime and Commercial Law Management. * Founder and Owner of Sonata Production, Art and Music International Inc. – France & Denmark 1995 – present - Entertainment, Lectures, Concerts, Exhibition Events, CD, DVD and Video Recordings. Professional – Freelance * Qualified as trumpet player at Aarhus Music School – Denmark * Professional musician with several orchestras and bands – including the Matadors, Saratoga Jazz Band, Rice Wood Jokers and Aarhus Brass Band. * Leader of ”Show and Entertainment Group 28 Carat” and the Evening & Theatre School 28 Carat * Self-taught Artist (painter) Lecturer and Writer * Responsible for several large Theatre and Exhibition Events Worldwide Awards * Dutch Consul, Denmark * Goodwill Ambassador – Various Non-Profit Organizations
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One Response to Europe needs more crisis solutions.

  1. It has become obvious to me that there are big games being played in the world markets and a single country is at their mercy, once it has borrowed to a particular level. Then their debt is sold off and then gambled with. Then we find that this is not only done with single countries but is bring europe to its knees. The whole point of being a single market is to stay strong together.

    The debt system is corupt, and Europe as a whole could break away from the banking system and create a new one, that is free from this coruption, where we can support each other to grow, then the rest of the world can learn from us………… oh was this dream……. It was a nice one with all of comman market pulling together but when I wake up they are squabbling yet again.

    When will we all realise that we are all one, and not seperate.

    Thank you for all that you do

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