MercoPress. South Atlantic News Agency
Rousseff complains German chancellor Merkel “listens to nobody”
Brazilian president Dilma Rousseff criticized German chancellor Angela Merkel for her refusal to receive suggestions as to how face the global crisis and on specific issues such as youth unemployment. Read full article
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Disclaimer & comment rulesRousseff's proposal of a world-wide Bolsa Familia - or basket of social services fundimental provision attached to compulsory education for the young of the families in receipt - will do little or nothing to address the issues in Europe or in the rest of the stressed developed world.
Nov 14th, 2011 - 12:35 pm - Link - Report abuse 0It will, however, create a GREAT DRAIN of resource from the relatively poorer first world to the absolute poverty of the third world.
Just how does she think this will get the developed world back on its feet such that third world aid can flow sustainably from profit rather than (cripplingly) from loss?
Dilma's way leads to a degenerative spiral of 'everybody looses'.
And does Angela listen to good guidance? Of course.
It's just that Dilma's advice is, in this case, not well founded.
When you look at the German economy and their low unemployment rate, I do not blame them for wanting to preserve it at this time.
Nov 14th, 2011 - 01:03 pm - Link - Report abuse 0As I typed here before, Germany benefits from this crisis. They are the export power in Europe and a low Euro helps the economy, though it hurts the purchasing power of the hard working germans and the germans that are on welfare (that number is high too there).
Nov 14th, 2011 - 06:09 pm - Link - Report abuse 0German youth, just like the Dutch are getting more frustrated and are willing to leave the country if it's a must and if they can, what is a lost for those nations. Matter fact it's already happening and I don't blame them because I did the same.
Fido, welcome to the club :-)
Nov 14th, 2011 - 06:54 pm - Link - Report abuse 0Why is it, that governments of all countries, seem to believe they are the only ones who know how to spend our money?
Nov 14th, 2011 - 07:51 pm - Link - Report abuse 0The reality is of course that they waste at least half of it supporting hordes of bureaucrats, may of whom have never held a job in the real world. This is particularly true of LatAm countries.
If only they would (simultaneously) halve the goverment and double incentives to manufacturers to start new businesses in their countries thus employing the redundant civil servants and others productively, the real tax take would expand enormously without the fiscal drag.
Result, happiness for everyone!
On the surface you are absolutely correct but that small little word greed then enters the equation and throw in little or no regulation and you get ”Ireland,Argentina under Menem,the US under Bush and see what happened in these cases.
Nov 14th, 2011 - 09:20 pm - Link - Report abuse 0“ Why is it, that governments of all countries, seem to believe they are the only ones who know how to spend our money?”
Nov 14th, 2011 - 10:14 pm - Link - Report abuse 0Because in most countries they have leaders who are trained at those fancy pancy US or UK schools where they lecture that idiotic keynesian economic policy (keep spending, don't worry, you grow out of it, keep spending, don't hit the brake) plus having the fake conservatives who come up with “austerity measures” for the people when big business fails.
Note: Argentina wasn't bailed out. It were the corrupted banks/crooks who gave illegal loans to their buddies (those buddies added the debt to the national debt) that were bailed out by IMF (same people different logo) and the Argentine people received the bill and are stuck with it for the rest of their life till it's paid. If you cannot pay, you sell your assets, but wait, they will tell you to who to sell (of course their friends) and by time you realize it's still not enough because of the interest or you only paid the interest but not the principal. Same thing in Greece, Ireland, Italy, Portugal, Spain, soon France, Denmark, UK (is already broke but people don't realize that yet) etc etc and eventually Germany and then by time the US. Where the wealth leaves it goes somewhere else and if you follow the situation carefully, you know where the wealth is going. Sigh, I need a glass of wine.
Astonishingly I always agree on Fido Dido's economic perspectives, even we might disagree in alot of other things. They reflect my view of the financial systems in almost 100%, especially the european (and argentinian) view of Keynes fundamentalistic policies regarding over-the-top-government-debts.
Nov 15th, 2011 - 03:10 pm - Link - Report abuse 07: China?
Nov 16th, 2011 - 03:37 pm - Link - Report abuse 0Commenting for this story is now closed.
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