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Papa Benedict al XVI-lea despre etica si capitalism. Care dintre ele a esuat?

Ultima reuniune G8 coincide cu noua enciclica papala, CARITAS IN VERITATE.

Sau, cum ar veni, episcopul Romei despre globalizare si subsidiaritate. Un fragment extras din pct. 57 al documentului, in limba engleza:

“Subsidiarity is first and foremost a form of assistance to the human person via the autonomy of intermediate bodies. Such assistance is offered when individuals or groups are unable to accomplish something on their own, and it is always designed to achieve their emancipation, because it fosters freedom and participation through assumption of responsibility. Subsidiarity respects personal dignity by recognizing in the person a subject who is always capable of giving something to others. By considering reciprocity as the heart of what it is to be a human being, subsidiarity is the most effective antidote against any form of all-encompassing welfare state. It is able to take account both of the manifold articulation of plans — and therefore of the plurality of subjects — as well as the coordination of those plans. Hence the principle of subsidiarity is particularly well-suited to managing globalization and directing it towards authentic human development. In order not to produce a dangerous universal power of a tyrannical nature, the governance of globalization must be marked by subsidiarity, articulated into several layers and involving different levels that can work together. Globalization certainly requires authority, insofar as it poses the problem of a global common good that needs to be pursued. This authority, however, must be organized in a subsidiary and stratified way[138], if it is not to infringe upon freedom and if it is to yield effective results in practice”.

Textul in FR suna mai exact. Din pacate, varianta in limba latina n-a aparut inca.

reactii

The Wall Street Journal


UK. Comisia privind UE din Camera Lorzilor – raport privind viitorul supravegherii & reglementarii financiare in UE

2 vol. 1 si 2.


“The City” si izolarea britanica in UE

Evident, in contextul discutiilor actuale despre reglementarea pietelor financiare pe fondul crizei economice; din The Telegraph. Istoria in cauza este interesanta si demna de urmarit.


UK. Comisia pentru afaceri economice (Camera Lorzilor) – raport privind supravegherea & reglementarea sectorului bancar

Banking Supervision and Regulation [vol. 1 & vol. 2]


Comunicare a Comisiei Europene privind autoritatile comunitare de supraveghere a sectorului financiar

Urmare a raportului de Larosiere, avem deja comunicarea Comisiei privind viitoarea infiintare a autoritatilor comunitare de supraveghere a sectorului financiar.

Comunicarea, intitulata “European financial supervision“, se gaseste aici. [deocamdata doar in EN, FR, DE]. O discutie asupra acesteia cu alta ocazie.


Spre crearea unui Consiliu european privind riscul sistemic & a unui sistem european al autoritatilor de supraveghere – raspuns la criza economica din spatiul comunitar. Opozitia partii engleze

Urmare a recomandarilor grupului de Larosiere. Din Financial Times; chestiunea de ordin juridic aici priveste temeiul juridic prin Tratatul CE.

European plan for financial regulation faces UK obstacles

Proposals for a radical overhaul of financial supervision in Europe, due to be published next week, are likely to put Brussels on a collision course with the UK. A draft of the European Commission’s working document on financial supervision, obtained by the Financial Times, suggests that EU officials are determined to push ahead with the two-tiered approach suggested this year by Jacques de Larosiere, the former French central banker, as they try to guard against future financial crises. In particular, the draft recommends the creation of a European Systemic Risk Council, to assess and warn of threats to financial stability in the region. A “European system of financial supervisors” is also to be set up to oversee individual banks and financial institutions. Linked to this, there are plans to upgrade three existing pan-EU coordinating committees to become European supervisory authorities for the banking, insurance and securities sectors respectively, with recommendations that the “strengthened framework” be up and running in 2010. The three new bodies would be asked to develop harmonised rules and common approaches to supervision and to settle potential disputes between national supervisors, who would continue to handle day-to-day matters. The organisations could also be given responsibility for supervising “certain entities with pan-European reach [such as] credit rating agencies and EU central counterparty clearing houses”, the draft says. However, it is understood that these proposals are likely to encounter fierce resistance from the UK authorities. Sources familiar with the UK position said that one main objection would probably centre on the legality of giving binding mediation powers to European supervisory authorities, so that they could ultimately determine the outcome of a dispute between national supervisors. The other fundamental concern is likely to centre on the splitting of supervisory responsibility from fiscal responsibility – and allowing the new pan-EU bodies to supervise entities which, in a crisis, might need bail-out funds from national governments. A UK government spokesperson said last night: “We will consider [the report] carefully when the document is published. “It’s a starting-point for discussion.” Proposals for the European Systemic Risk Council look less contentious. In the draft, the Commission backs Mr de Larosiere’s suggestion that the ESRC be chaired by the president of the European Central Bank but adds: “The ESRC chairperson could, alternatively, be any central bank governor elected by the membership. “If the chairperson comes from a central bank within the euro system, it would seem appropriate that a vice-chairperson should be elected from among those member states outside the euro area, and vice versa.” The draft also stresses that the ESRC would not have any legally binding powers but would report regularly to member states and the European parliament The Commission’s working document is due to published on May 27. It might then be discussed by EU finance ministers as early as June and, possibly, reviewed by EU leaders when they meet at a summit later that month. Depending on the political progress made during the summer, the Commission could then draw up more detailed legislation by the autumn.

Sursa.


UK. Raport al unei comisii parlamentare din Camera Comunelor privind reforma “guvernarii corporative” si a remuneratiilor din “City”

Ei bine, titlul este plin de barbarisme. Insa, in esenta, treaba sta asa:

Banking Crisis: reforming corporate governance and pay in the City

Raportul a fost pregatit in cadrul Comisiei parlamentare insarcinate cu controlul parlamentar asupra autoritatilor publice fiscale si financiare din Regat, Treasury Committee [*]

“City” desigur este “City of London”.

Gasiti raportul aici.


UK. Nou raport despre viitorul serviciilor financiare

UK international financial services – the future

Iata.


Articol. Chestiunea secretului bancar in Belgia


Principalul obiectiv al presedintiei spaniole a UE urmeaza a fi…

… ei bine, ati ghicit: “guvernantza” (sic!) economica a UE, pe fondul crizei economice actuale etc.

“Si l’Union européenne veut être efficace, il faut qu’elle ait un gouvernement économique qui ait plus de pouvoir et d’outils. C’est un objectif prioritaire de la présidence européenne de l’Espagne” [...].

Cititi in La Croix; de asemenea, EUObserver.


Dl. Verhofstadt, fost prim-ministru belgian, & mai multa Uniune Europeana

Pe fondul actualei crizei & a planurilor de redresare economica ar fi socotit drept dezirabil modelul american actual: 1 plan in loc de 27… Tema este, desigur, importanta, chiar din perspectiva teoretica. Chestiunea fundamentala care se ridica este aceea a competentelor. Nu e, insa, locul aici pentru aprofundarea temei (i.e. taierea firului in 4).

Printre cele declarate de domnia sa se regaseste si aceasta declaratie sincera &, totodata, extrem de interesanta (nu cunoastem limba din original, insa redam in engleza):

In the nine years I spent in the European Council, I never once heard the words ‘European interest’.” 

De la Euractiv.


Ce s-a hotaratara la “summit”-ul G20 de la Londra

Vedeti (ma rog, cititi) aici.


Franta. Decret privind conditiile de remunerare a “cadrelor de conducere” din intreprinderi

Suna frumos, n’asha?, “cadre de conducere”. E vorba despre intreprinderi ce primesc ajutoare de stat sau care beneficiaza de sustinerea statului.

Decretul a fost adoptat “datorita faptului” (sic!) crizei economice actuale.

Asadar,

Décret n° 2009-348 du 30 mars 2009 relatif aux conditions de rémunération des dirigeants des entreprises aidées par l’Etat ou bénéficiant du soutien de l’Etat du fait de la crise économique et des responsables des entreprises publiques

aici.


Magia unui “trilion” (sic!)

Adica a sumei de o mie de miliarde de dolari convenita la G20 a fi varsata FMI-ului. Un articol cam critic… aici.


UK. Raportul Turner privind reglementarea in domeniul bancar la nivel global

Turner Review of global banking regulation aici.


Comisia Europeana. Consultare privind viitorul supravegherii serviciilor financiare in UE

Consultation on the future of financial services supervision in the EU urmarea raportului Larosiere, despre care am mai pomenit pe blog, se gaseste aici.


Invataturile incepatoare ale FMI despre tulburarea economica

…actuala. Puteti citi nu aici, ci aici.


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