State under pressure
20 November 2008
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The evolution of the financial crisis and the attempts to end it announced the return of the State. This ideological shift should not impede us from detecting its challenges though: the State is put under a lot of pressure and our public service needs a global organizational modification. |
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Budgetary extravagance kills Keynes
19 November 2008
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Because we did not save our margins when the economy was doing well, the average employee will have to pay an extra €3700. This also implicates we will not have the budgetary means of effectively stimulating the economy. Had we saved the decreasing interest charges in stead of spending them, this effort would have been minimal. |
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The Fortis Saga
19 November 2008
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Thanks to deposits banks are able to finance their activities at a fixed interest rate. Their profit is therefore potentially unlimited which gives them huge incentives to take risks. This is why there have always been and there will always be banking crisis, notwithstanding well intended regulation like Bazel II and the regulation that is about to replace it. |
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Succeeding in reforming the state
19 November 2008
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State reforms abroad teach us an important lesson: their success depends on the focus that is being put on the role and mission of a public service to achieve internal as well as external adhesion. But one should also give state reforms the necessary time and means to involve society as a whole. |
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Taking inspiration from Finland to increase the employment rate of our seniors
19 November 2008
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In the mid 90s, Finland was far from shining with an extensive use of its mature labour forces. However, by making active ageing one of the priorities of its employment policy, it is at present one of the European leaders regarding the participation of seniors in the labour market. Naïm Cordemans and Jean Hindriks analyse the policies led by Finland and invite Belgian politics to take inspiration from it. |
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A nuclear cordon sanitaire
19 November 2008
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What to learn from a new report on the Belgian energy mix? |
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The civil servant and the unemployed
17 November 2008
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When jobs in the private sector are not competitive anymore, public employment is an easy option to make sure people have a job. This is the Scandinavian model. But a better solution is to subsidize employment, as service coupons in Belgium are successfully doing by creating 65.000 jobs. |
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The necessity of a bailout should not become a habit
17 November 2008
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Marc De Vos warns that the bailout in the financial sector was necessary to avoid a systemic crisis. This is not the case in for the car industry. If we turn the necessity to a bailout into a habit we will sow the seeds of our own economic demise. |
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Fight against poverty and battle against the middle class’ economic progression
13 November 2008
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How consistent is the war on poverty to high tax rates for low incomes? |
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Obama's impossible task
13 November 2008
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From the beginning, it was clear Obama's electoral promises were unrealistic. And the financial crisis is the perfect excuse to proceed to the matters at hand and leave the promises for what they were. Of course, the matter at hand is to clean the mess and limit the damages from the financial cataclysm. |
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