Ekonomija i Corona virus pandemija

[Desmond Bojčinski]

10 hours ago, pacey defender said:

slazem se sa pitanjem, pa ako moze neko da odgovori....

Jutros menjam evre na aplikaciji vojvođanske banke i umesto unazad nekoliko meseci stabilnih 117/118 kursa dočeka me 11900 za 100 ojra. 

Tako da se odgovor sam nameće.

[Frank Pembleton]

Gde nam je@MayDay da prokomentariše mere[emoji769]?



... Shiit has hit the fan...

[zgembo]

Europe’s COVID-19 Crisis and the Fund’s Response

 

Ne znam da li je bilo već.

 

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As to policy space, our main concern at this juncture is with regard to smaller countries outside the EU. Fiscal space varies notably within this group, but they all lack the depth of financial markets and the EU linkages that contribute importantly to policy space. With limited access to external capital and smaller and less developed banking systems, many of these countries will find it difficult to finance large increases in their fiscal deficits. They also lack the same degree of potential access to financial support that EU members can benefit from, and from the broader umbrella of policy and institutional credibility that accompanies EU membership.

Not surprisingly, these countries are now turning to the IMF for financial assistance. Excluding Russia and Turkey, most of the nine non-EU emerging economies in Central and Eastern Europe have already applied for emergency assistance from a $50 billion pool available via the IMF’s rapid financial support facilities. They join more than 70 other member countries throughout the world that have already sought access to rapidly-disbursing, low-conditionality IMF emergency facilities to meet the immediate pressures arising from the COVID-19 crisis. More countries are likely to follow in what is already the largest number of requests for assistance ever received by the IMF at one time.

 

 

[napadaj]

[Anonymous]

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Francuska je spremna da nacionalizuje strateške kompanije ukoliko to bude potrebno kako bi ih zaštitila od posledica pandemije koronavirusa, izjavio je francuski ministar finansija Bruno L.e Mer.

 

Le Mer je rekao da je predsedniku Emanuelu Makronu poslao popis „strateških kompanija koje bi na tržištu mogle da se nađu u opasnosti”.

 

“Bićemo spremni da posegnemo za svim raspoloživim sredstvima kako bismo zaštitili te kompanije, bilo povećanjem vlasničkog udela francuske države bilo dokapitalizacijom, bilo krajnjom opcijom – nacionalizacijom”, rekao je Le Mer, prenosi Index.

 

Ne predlažem da ekonomijom upravlja država, naglasio je ministar.

 

“Ukoliko se ukaže potreba za nacionalizacijom, ona će biti privremena. Ipak, država je odgovorna za zaštitu vodećih industrijskih kompanija”, pojasnio je Le Mer.

 

 

[čekmeže]

18 hours ago, pacey defender said:

slazem se sa pitanjem, pa ako moze neko da odgovori....

To je win-win dug ti je u slabijoj valuti a imaš jaču. Naravno ako možeš da se štekaš u evrima. 

[pasha]

So… explain your €822 billion bailout, Germany?

Wait – what? A bailout worth 22% of annual German GDP?

What happened to budget rigour and the moral imperative of balanced budgets? What happened to the total, facile nonsense that a national economy is simply a household writ large? What happened to Yanis Varoufakis recycling absurd stereotypes like “Teutonic discipline” (has he never seen an Oktoberfest?)?

Oh, I get it… Germany is in a crisis – EU deficit rules need to be relaxed.

However: Greece and others were in a crisis for years – why didn’t their crises matter?

(Millions starving in Yemen, millions dying of bad water globally, deaths from natural disasters – indeed, why does the Corona crisis matter so very, VERY much more than those crises? I just can’t comprehend the West’s crisis criterion.)

But it gets worse with Germany: Bailouts for Greece and other crisis-hit nations were contingent on forcing open their economies. German and Dutch companies gleefully bought up assets and market share, and forced in their products but now Germany Will Block Foreign Takeovers to Avoid Economy Sell-Out?

[pasha]

3 hours ago, Anonymous said:

Francuska je spremna da nacionalizuje strateške kompanije ukoliko to bude potrebno kako bi ih zaštitila od posledica pandemije koronavirusa, izjavio je francuski ministar finansija Bruno L.e Mer.

 

Le Mer je rekao da je predsedniku Emanuelu Makronu poslao popis „strateških kompanija koje bi na tržištu mogle da se nađu u opasnosti”.

 

“Bićemo spremni da posegnemo za svim raspoloživim sredstvima kako bismo zaštitili te kompanije, bilo povećanjem vlasničkog udela francuske države bilo dokapitalizacijom, bilo krajnjom opcijom – nacionalizacijom”, rekao je Le Mer, prenosi Index.

 

Ne predlažem da ekonomijom upravlja država, naglasio je ministar.

 

“Ukoliko se ukaže potreba za nacionalizacijom, ona će biti privremena. Ipak, država je odgovorna za zaštitu vodećih industrijskih kompanija”, pojasnio je Le Mer.

 

Lepo Francuzi i Nemci stite svoja preduzeca. Dok glupa bedinja po istoku i jugu Evrope mora sve da proda njima da bi dobila neku crkavicu.

[borris_]

Ko je to rekao da trebaju da prodaju preduzeca da bi dobili pomoć?

[Anonymous]

1 hour ago, pasha said:

 

Lepo Francuzi i Nemci stite svoja preduzeca. Dok glupa bedinja po istoku i jugu Evrope mora sve da proda njima da bi dobila neku crkavicu.

 

Ja se samo nadam da to 'privremeno' ne bude pumpanje probušenog balona kao 2008-me, kako je tad bio primetio pokojni Ante Marković.

[pasha]

2 hours ago, borris_ said:

Ko je to rekao da trebaju da prodaju preduzeca da bi dobili pomoć?

 

Sta je bilo Grcima receno kada su upali u krizu?

 

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Desperate for cash and looking for a way to pay back international creditors, Greece is selling rights to its major state assets including airports, railways and ports to foreign companies with decades-long contracts that will most certainly become lucrative again, robbing the country of any financial benefit.

A place where tourism makes up more than 18 percent of the gross domestic product, Greece no longer controls many of its utilities, transportation systems, beaches or islands. “This crisis has gone on for so long that the government has no choice now but to try to profit from its own parts,” said Persefeni Tsaliki, a professor of economics at Aristotle University in Thessaloniki. “We need the money.”

Recently, privatization has become an integral part of EU agreements with other in-debt nations such as Italy, Spain and Portugal.

 

German MPs suggest cash-strapped Greece should sell islands

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Greece should sell some of its uninhabited islands to raise cash to avoid bankruptcy, two German parliamentarians from Chancellor Angela Merkel's centre-right coalition suggested on Thursday.

"The Greek state must sell stakes in companies and also assets such as, for example, unpopulated islands," Frank Schäffler, a member of parliament for the pro-business Free Democrats, told the Bild daily.

 

https://www.thelocal.de/20100304/25667

 

Nije lepo da ne mogu sada nemacka preduzeca da se kupuju.

[pasha]

Kolike su razmere panike na finansijskim trzistima,

 

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Here is what the Fed's balance sheet looks like over a longer timeframe: it shows that in just the past 3 weeks, the Fed's balance sheet has increased by a ridiculous $1.6 trillion - the same amount as all of QE3 did over 15 months  - and equivalent to an insane 7.5% of US GDP.

 

 

A ovo je samo FED, slicno rade ECB, BoJ...

[Gojko & Stojko]

 

U vezi ovoga što sam podebljao, taj paket mera koje su laburisti doneli 2008/9 dok su bili na vlasti je doprineo da Australija izbegne recesiju za vreme GFC. Morison i njegova ekipa (Frajdenberg, Korman) i frakcije još udesno od njih su se sa tim uvek sprdale, zašta ih u članku prozivaju.

But wait, there's more? How the help today comes with a cost tomorrow

The sheer velocity of this crisis is turning the political landscape into a blur and taking Scott Morrison into territory he used to dismiss with a joke.

 

The Prime Minister has crossed the border from the free market into the welfare state with $196 billion in spending on wages, small business, income support and now childcare.

 

One day he will have to find out if he can ever get back. One day he will have to test whether Australians agree that the benefits given today must be surrendered tomorrow.

 

The emergency spending is essential but the cost is staggering and the intervention is huge. The state will bankroll the childcare sector, pay the wages at thousands of companies and guarantee loans to small business.

 

Only last year Morrison was mocking Labor as a party of socialists – “their problem is they run out of other people’s money” – but his spending is more than double the Labor stimulus during the global financial crisis.

 

Morrison is right to put a premium on every job still viable. If the old mantra was that the best form of welfare was a job, the new one is that the best form of welfare is anything that can sustain a job.

 

Every measure is meant to be temporary but temporary is impossible to define when there is no clarity about how long it might take to suppress the virus until we gain a vaccine.

 

Morrison said on Thursday the key principle was that his measures do not have a “long tail” of expenditure that runs into the future.

 

“There are not structural changes here,” he said.

 

“There is a snap back there, a snap back to the previous existing arrangements on the other side of this.”

 

The world has been turned upside down by the COVID-19 virus. State premiers become autocrats who rescind personal rights to order people home. Morrison becomes a temporary socialist in the hope that everyone can “snap back” to the way things were.

 

While this is a necessary and targeted approach, the deadlines are utterly unknown.

 

The surge in unemployment will last longer than the virus and the government is unlikely to gain a quick agreement to undo the temporary doubling in the JobSeeker benefit to $1100 a fortnight.

 

In the same way, the fortnightly JobKeeper payment of $1500 for those in work will be hard to cancel in six months when the economy remains in shock.

 

One avenue will be to write sunset clauses into each bill so that everything passed must end at a date agreed by Parliament, which means an agreement from Labor as well as the Coalition.

 

The childcare pledge costs about $1.6 billion and comes on top of the $130 billion for wage subsidies, the $17.6 billion in the first stimulus package, $25 billion for small business and $21 billion in income support.

 

Excluding loans and loan guarantees, the government is spending $196 billion and will probably have to spend more.

 

This does not include federal government loan guarantees worth tens of billions of dollars and the Reserve Bank’s $90 billion package to help the finance sector.

 

The burden will be severe. The budget deficits in this year and next appear likely to equal a quarter (or more) of total commonwealth revenue.

 

Nobody can be sure of the scale of the shock, but government’s annual revenue will certainly not reach the $511 billion it forecast last December.

 

Australia can bear this burden. Naming the problem is not scaremongering on debt. But voters have to recognise the alarming cost and accept what it means when the crisis ends.

 

This is a transaction between generations.

 

The parents who gain from free childcare, as well as the society that benefits from helping essential workers, will be asked to carry the cost in the future or pass it on to their children.

 

This is the way nations are meant to function and the way budgets are meant to work. The crisis is urgent and unavoidable. It is daunting all the same to leave such as a massive repair job for the next generation.

 

The wage subsidy is the right response to a chronic problem but it is an enormous intervention that cannot be repaid from the surpluses of a few good years, even if the commodities boom one day returns. The most likely scenario is that the debt stays on the books for decades until inflation whittles it away.

 

While the debt stays on the books, the interest bill could be more than we spend on big welfare programs.

 

Is this fair? The question is impossible to answer at the height of the crisis because we do not know if Australia is on the path that led Italy into the darkness of one thousand deaths a day.

 

It is worth every cent to make sure we are not.

 

SaE

[vememah]

Uredništvo Financial timesa u uvodniku poziva na uspostavljanje garantovane zarade za sve stanovnike i oporezivanje bogatih:

 

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Opinion - The FT View

 

Virus lays bare the frailty of the social contract

Radical reforms are required to forge a society that will work for all

 

THE EDITORIAL BOARD
YESTERDAY

If there is a silver lining to the Covid-19 pandemic, it is that it has injected a sense of togetherness into polarised societies. But the virus, and the economic lockdowns needed to combat it, also shine a glaring light on existing inequalities — and even create new ones. Beyond defeating the disease, the great test all countries will soon face is whether current feelings of common purpose will shape society after the crisis. As western leaders learnt in the Great Depression, and after the second world war, to demand collective sacrifice you must offer a social contract that benefits everyone.

Today’s crisis is laying bare how far many rich societies fall short of this ideal. Much as the struggle to contain the pandemic has exposed the unpreparedness of health systems, so the brittleness of many countries’ economies has been exposed, as governments scramble to stave off mass bankruptcies and cope with mass unemployment. Despite inspirational calls for national mobilisation, we are not really all in this together.

The economic lockdowns are imposing the greatest cost on those already worst off. Overnight millions of jobs and livelihoods have been lost in hospitality, leisure and related sectors, while better paid knowledge workers often face only the nuisance of working from home. Worse, those in low-wage jobs who can still work are often risking their lives — as carers and healthcare support workers, but also as shelf stackers, delivery drivers and cleaners.

Governments’ extraordinary budget support for the economy, while necessary, will in some ways make matters worse. Countries that have allowed the emergence of an irregular and precarious labour market are finding it particularly hard to channel financial help to workers with such insecure employment. Meanwhile, vast monetary loosening by central banks will help the asset-rich. Behind it all, underfunded public services are creaking under the burden of applying crisis policies.

The way we wage war on the virus benefits some at the expense of others. The victims of Covid-19 are overwhelmingly the old. But the biggest victims of the lockdowns are the young and active, who are asked to suspend their education and forgo precious income. Sacrifices are inevitable, but every society must demonstrate how it will offer restitution to those who bear the heaviest burden of national efforts.

Radical reforms — reversing the prevailing policy direction of the last four decades — will need to be put on the table. Governments will have to accept a more active role in the economy. They must see public services as investments rather than liabilities, and look for ways to make labour markets less insecure. Redistribution will again be on the agenda; the privileges of the elderly and wealthy in question. Policies until recently considered eccentric, such as basic income and wealth taxes, will have to be in the mix.

The taboo-breaking measures governments are taking to sustain businesses and incomes during the lockdown are rightly compared to the sort of wartime economy western countries have not experienced for seven decades. The analogy goes still further.

The leaders who won the war did not wait for victory to plan for what would follow. Franklin D Roosevelt and Winston Churchill issued the Atlantic Charter, setting the course for the United Nations, in 1941. The UK published the Beveridge Report, its commitment to a universal welfare state, in 1942. In 1944, the Bretton Woods conference forged the postwar financial architecture. That same kind of foresight is needed today. Beyond the public health war, true leaders will mobilise now to win the peace.

https://www.ft.com/content/7eff769a-74dd-11ea-95fe-fcd274e920ca

Edited April 4, 2020 by vememah

[Frank Pembleton]

Dosta firmi u Srbiji pokušava da dođe do nekih instrukcija oko ovih "mera za oporavak ekonomije od corone".
Naravno najviše ih zanima oslobađanje uplate doprinosa i poreza.
No nadležni ćute.
Što reče jedan računovođa:
Lepo je to pred kamerama, ali ja moram da imam na papiru[emoji769].



... Shiit has hit the fan...