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debt crisis and in Europe: 10 false evidence, 22 to debate measures to break the deadlock that

Source: Economists landing

I 'd missed while I catch up. To establish a connection with Iceland.

FALSE EVIDENCE # 1: THE FINANCIAL MARKETS ARE EFFICIENT

• Measure 1: partition strictly financial markets and the activities of financial players, prohibit banks from speculating on their own account, to prevent the spread of bubbles and crashes
• Measure 2: To reduce liquidity and destabilizing speculation by controls on capital movements and taxation of financial transactions
• Measure 3: to limit financial transactions to meet those needs the real economy (eg CDS only to holders of insured securities, etc.).
• Measure 4: cap the compensation of traders

FALSE EVIDENCE # 2: THE FINANCIAL MARKETS ARE PROMOTING ECONOMIC GROWTH

• Measure 5: strengthen significantly against the powers-in companies to force the Department to take into account the interests of all stakeholders
• Measure 6: Increase heavily taxing very high incomes for discourage unsustainable race returns
• Measure 7: Reduce the dependence of enterprises vis-à-vis financial markets, developing a public policy of credit (preferential rates for priority activities in social and environmental)

FALSE EVIDENCE # 3: THE MARKETS ARE GOOD JUDGES OF THE SOLVENCY OF STATES

• Measure 8: The rating agencies should not be allowed to arbitrarily influence on interest rates on bond markets by breaking down the notes of a State: we should regulate their activity by requiring that the note is due to an economic calculation transparent.
• Measure 8a: free the States from the threat of financial markets by guaranteeing the purchase of public securities by the ECB.

FALSE EVIDENCE 4: Soaring RESULT OF PUBLIC DEBT EXCESS OF EXPENDITURE

• Measure 9: Conduct an audit of public debt and public citizen, to determine their origin and know the identity of the principal holders of debt securities and amounts held.

FALSE EVIDENCE # 5: YOU MUST REDUCE COSTS TO REDUCE THE PUBLIC DEBT

• Measure 10: Maintain the level of social protections, or even improve (unemployment insurance, housing ... )
• Measure 11: increase the fiscal effort in education, research, investment in ecological conversion ... to establish conditions for sustainable growth, allowing a sharp fall in unemployment.

FALSE EVIDENCE # 6: PUBLIC DEBT HELD OVER THE PRICE OF OUR EXCESS OF OUR GRANDCHILDREN

• Measure 12: Giving a strongly redistributive direct taxation on income (deletion niches, creating new units and increasing rates of income tax ...) Measure 13: remove the exemptions granted to companies without sufficient effect on employment

FALSE EVIDENCE # 7: YOU MUST reassure financial markets ORDER TO FINANCE THE PUBLIC DEBT

• Measure 14 authorizes the European Central Bank to directly fund the States (or to be imposed on commercial banks subscribe to the issue of government bonds) at low interest rates, loosening the straitjacket in which financial markets embrace
• Measure 15: If necessary, restructure the public debt, for example by capping the Public debt service to a certain% of GDP, and by discriminating between creditors according to the volume of securities held by them: the very large annuitants (individuals or institutions) must make a significant lengthening of the debt profile, and even partial or total cancellation. We must also renegotiate the exorbitant interest rates of securities issued by troubled country since the crisis.

FALSE EVIDENCE # 8: THE EUROPEAN UNION DEFENDS THE EUROPEAN SOCIAL MODEL

• Measure 16: Challenging the free movement of capital and goods between the EU and the rest the world, negotiating multilateral agreements or bilateral if necessary
• Measure 17: instead of competition policy, to make "progress in harmonizing" the guiding principle of European construction. Establish common goals to reach binding social progress as for macro (of GOPS, policy, social policy)

FALSE EVIDENCE # 9: THE EURO IS A SHIELD AGAINST THE CRISIS

• Measure 18: Ensure effective coordination of macroeconomic policies and a coordinated reduction of imbalances Trade between European countries
• Measure 19: offset payments imbalances in Europe by a settlement bank (organizing loans between European countries)
• Measure 20: If the crisis leads to the euro atomize, and pending the revving of the EU budget (see below), establish an intra-European monetary system (currency-type bancor ") which organizes the resolution of imbalances in trade balances in the Europe

FALSE EVIDENCE # 10: THE GREEK CRISIS FINALLY ALLOWED TO MOVE FORWARD TOWARDS GOVERNMENT ECONOMIC AND REAL EUROPEAN SOLIDARITY

• Measure 21: Developing a European tax (carbon tax, profit tax, ...) and a real European budget to help the convergence of economies and move towards an equalization of conditions of access to public and social services in the various Member States on the basis of best practices.
• Measure 22: launch a broad European plan, funded by subscription from the public at low interest rates but guaranteed, and / or money creation of the ECB, to commit the ecological conversion of the European economy.