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UPCOMING EVENTS

European Solidarity and the Jobs Crisis

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NVSN Murthy, Independent Researcher says: 23 Oct 2011 7:12

Debt: Debt is neither a defeat nor death. Also, it is neither a disease nor a devil, in most cases it is a status symbol too. Coming to realities, debt is an accumulated deficit over a period of time. It is nothing but the inevitable borrowings used for supporting people with health care, education, infrastructure, relief, subsidies, goods and services. Thus, nations must stop worrying about debt and start working for rising incomes to meet their peoples’ needs and, there is no point in wasting time and resources on debates and discussions since happiness of the people is the real economy of a nation and the mechanism that makes the people happy is called economics, everything else like GDP, Forex, Sensex and Inflation are nothing but traps. Nori Murthy, Author-Norinomics Full name: NVSN Murthy, Research Scientist, India A temporary visitor on earth serving people and nations

Annadhatha MK Rao, Economist says: 09 Apr 2011 12:29

Let us not insult the original knowledge and the genuine services of scientist NVSN Murthy by denying awards and rewards. His Norinomics is the greatest contribution ever made to humanity and so far the best of earth and thus he richly deserves all the praise, recognition and encouragement by all the concerned authorities. Annadhatha MK Rao, Economist

annadhatha MK Rao, Age: 63, Economist, Agriculturist & Reformist says: 28 Jan 2011 3:47

Norinomics is the greatest gift to the people and nations of our world. It applies to individuals, institutions and nations. Thus, it certainly deserves Nobel Prize.

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About this Event

19 Jan 2011 @ 12:45

Download the audio podcast of this event here

About the Event:

After reviewing the evolution of the recent European situation from a financial to a sovereign debt crisis, John Monks devoted much of his presentation to a consideration of the 'limits of austerity', noting that even the Economist newspaper had just conceded that at some point it would become politically impossible for European leaders to demand more austerity from their citizens.

Discussing the 'European Semester' of budgetary surveillance, he noted that this terminology and methodology were designed as an attempt to resolve tensions between national parliamentary autonomy and the treaty-based European commitments of EU member states. Coordinating the budgetary policies of countries in such varying economic situations will not be easy, he warned.

In the Irish case, he noted that there are major challenges to the social partners contained in the EU-IMF assistance package. He insisted that detailed intervention in the labour market by outside forces should not be accepted and reiterated his belief that the rules being 'inflicted' on the country 'are more in the spirit of the Versailles Treaty which crippled Germany after the First World War than the Marshall Plan which so benefitted Western Europe after the Second World War'.

The ETUC, he continued, will not support the current proposals on economic governance because they are unbalanced towards austerity and punishment with not enough emphasis on growth. In addition, there is no mention of financial transaction taxes, and no commitment on Eurobonds, which could prompt growth.

In opposition to this programme, the ETUC is instead committed to a campaign against austerity and for jobs and growth; for economic governance that is growth oriented; for social partnership that can do the heavy lifting when a country is in trouble; and for measures under which everyone contributes a fair share to national recovery.

 

About the Speaker:

John Monks became the General Secretary of the European Trade Union Confederation (ETUC) in 2003 and was re-elected in 2007. Prior to this he served as the General Secretary of the UK Trades Union Congress for ten years, having joined the Congress in 1969 and served previously as its Deputy Secretary General and as head of its Organisation and Industrial Relations Department. 

In addition to his work at ETUC, John Monks is a Member of the Council of the European Policy Centre in Brussels and of the Centre for European Studies in London.

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