scholarly journals HYPERINFLATION IN THE EURO AREA?

2021 ◽  
Vol 20 (Issue Vol 20, No 2 (2021)) ◽  
pp. 233-245
Author(s):  
Gerhard LECHNER
Keyword(s):  
Public Debt ◽  
Euro Zone ◽  
The People ◽  
High Inflation ◽  
Weak Growth ◽  
The Subject ◽  
Economic Developments ◽  
Theoretical Considerations ◽  
The Eu ◽  
Academic Sector

In the non-academic sector in Germany, it is often advocated that the expansion of the ECB’s money supply would inevitably lead to high inflation or even hyperinflation. This paper explores the question of whether inflation could arise in the euro zone, if so how high it would be and whether it would be hyperinflation. The work is based on theoretical considerations on the subject of hyperinflation and inflation and outlines a possible scenario in which the latter could actually become a reality. The thesis is that the greatest danger to the euro zone would come if Italy and / or Spain chose to leave the Union. Covid-19 has increased the risk of divergent economic developments in different countries in the euro zone. Italy and Spain have to reckon with a dramatic increase in public debt, weak growth and deteriorating conditions on the labour market. The main risk is unlikely to be that the euro zone will not help Italy or Spain, but the people in these countries may feel that aid is not enough, thus making an exit a serious option. If these countries left the Eurozone, then they would likely opt for an orderly exit. That means Italy would join EMS II after a one-time devaluation and not leave the EU. If the exit was not negotiated, then a disorderly parting would commence, which is the scenario with a high risk of hyperinflation.

scholarly journals Let the People Decide! Assessing the Democratic Legitimacy of the Brexit Referendum

MaRBLe ◽  
2019 ◽  
Vol 1 ◽  
Author(s):  
Jacob Rozenburg
Keyword(s):  
Democratic Legitimacy ◽  
Democratic Process ◽  
Critical Approach ◽  
Decision To Leave ◽  
The Public ◽  
Objective Truth ◽  
The People ◽  
The Will ◽  
The Subject ◽  
The Eu

While the decision to organise a Brexit has been the subject of seemingly endless debate, the legitimacy of this decision is generally accepted by those on both sides of the fence. The notion that a Brexit must happen, whatever the costs, as “the people have spoken”, has cemented itself in the public debate as some form of objective truth. However, in order to safeguard British democracy, it is in fact necessary to take a more critical approach to this perceived “legitimacy”. In order to provide such an approach, this paper challenges the Brexit’s democratic legitimacy on two levels. First, using Canovan’s “redemptive” and “pragmatic” faces of democracy, it argues that the “will of the people” has been unable to legitimise the decision to leave the EU. Second, focusing in on the conduct of the referendum, it argues that due to procedural errors, the referendum has additionally been unable to translate “the will of the people” in the first place. By taking this two-step approach to the Brexit’s legitimacy question, this paper exposes the general fragile nature of referenda and highlights how the Brexit referendum has failed to communicate the “will of the people” and subsequently strengthen the UK’s democratic process.

scholarly journals The Economy of the Border Municipalities of Finland in the Post-Crisis Years

2021 ◽  
Vol 21 (3) ◽  
pp. 119-127
Author(s):  
Roman Plyusnin ◽  
Keyword(s):  
Economic Growth ◽  
Twentieth Century ◽  
Public Debt ◽  
Service Sector ◽  
Geographical Location ◽  
Economic Situation ◽  
Negative Consequences ◽  
Official Statistics ◽  
Euro Zone ◽  
The Eu

The 2008–2009 crisis and the subsequent euro zone crisis dealt a serious blow to the Finnish economy. 2009 was marked by a significant reduction in the country's GDP, an increase in unemployment, and an increase in public debt. In the following years, Finland did not experience stable economic growth, and in 2014, mutual sanctions between Russia and the EU made their contribution. It was only in 2016 that the country began its systematic return to its pre-crisis state. Finnish municipalities bordering Russia since the 1990’s. the twentieth century is the least economically developed part of the country, which at the same time is most closely connected with our country due to its geographical location. In this regard, in this article, the author considered the economic situation of these municipalities on the basis of available official statistics. It was found that the dynamics of the considered indicators most often correlate with what was happening in the country as a whole. In 2014–2015, no special negative consequences from counter-sanctions on the part of our country were revealed. The exception was the indicators related to the service sector of border municipalities, which in 2014–2015 were noticeably worse than the average for Finland.

UNDERSTANDING CLAIM PROXIMITY IN THE EU REGIME OF JURISDICTION AGREEMENTS

2020 ◽  
Vol 69 (2) ◽  
pp. 431-449
Author(s):  
Matteo Winkler
Keyword(s):  
Subject Matter ◽  
Party Autonomy ◽  
Academic Literature ◽  
Proper Functioning ◽  
Legal Relationship ◽  
Domestic Courts ◽  
The Subject ◽  
Theoretical Considerations ◽  
Operational Aspects ◽  
The Eu

AbstractThe Brussels I Recast Regulation entitles business actors to agree on which court(s) will have jurisdiction but restricts the effectiveness of such jurisdiction agreements to disputes ‘which have arisen, or which may arise, in connection with a particular legal relationship’. This article fills a gap in the academic literature by examining the content and implications of this necessary connection (proximity) between the claim and the legal relationship between the parties. First, it characterises claim proximity as a question of party autonomy by distinguishing it from the subject matter of the jurisdiction agreement, which is an issue of contract interpretation. Second, it scrutinises the foreseeability test which has been frequently used by the CJEU in order to determine claim proximity, highlighting its main operational aspects. Building on both theoretical considerations and some cases where the foreseeability test has been used by domestic courts, this article provides clarifications about the scope, the proper functioning and the limits of such a test in order to raise awareness regarding the difficulties that may arise in its use in court to determine claim proximity and therefore assess jurisdiction.

scholarly journals VIRTÙ E VIZI DELLE BANCHE E DEI BANCHIERI. UNA NOTA INTRODUTTIVA

2016 ◽  
Author(s):  
Silvio Beretta
Keyword(s):  
Real Economy ◽  
Negative Consequences ◽  
Financial Systems ◽  
Italian Economy ◽  
The Real ◽  
Eu Countries ◽  
Institutional Settings ◽  
The People ◽  
The Subject ◽  
The Eu

Banks and bankers are often the subject of controversial appreciations: politicians, economists, biographers and commentators have put it out the potentially negative consequences of their behavior on the welfare of the people and the prosperity of the economies. The consequences of the failures of Florentine bankers in the fourteenth century on the real economy are a significant example of such a negative connection. The ideas of Marx, Schumpeter and Keynes on the function of banks and bankers are then examined. The arguments developed by Keynes in its "Treatise on Money" appear, in this regard, of particular significance. At the present time, finally, and with reference to the Italian economy, the European Union’s regulatory arrangements give rise to further problems, owing to the differences that still exist among the financial systems of the EU countries and their institutional settings.

A comparative analysis of the lay-friendliness of Danish EU patient information leaflets from 2000 to 2012

2014 ◽  
Vol 11 (3) ◽  
Author(s):  
Inger Askehave ◽  
Karen Korning Zethsen
Keyword(s):  
Comparative Analysis ◽  
Patient Information ◽  
Patient Information Leaflet ◽  
General Interest ◽  
Information Leaflet ◽  
Empirical Results ◽  
Patient Information Leaflets ◽  
Information Leaflets ◽  
The Subject ◽  
The Eu

Since becoming mandatory in the EU in 1992, the patient information leaflet (PIL) has been the subject of an on-going discussion regarding its ability to provide easily understandable information. This study examines whether the lay-friendliness of Danish PILs has improved from 2000 to 2012 according to the Danish consumers. A reproduction of a questionnaire study from 2000 was carried out. The responses of the 2012 survey were compared to those of the 2000 survey and the analysis showed that Danes are less inclined to read the PIL in 2012 compared to 2000 and that the general interest in PILs has decreased. The number of respondents who deem the PIL easy to read has gone down. According to Danish consumers, the lay-friendliness of PILs has not improved from 2000 to 2012 and a very likely explanation could be that the PIL as a genre has become far too regulated and complex to live up to its original intentions. On the basis of the empirical results the article furthermore offers suggestions for practice changes.

Need of Human Rights as a Better Way of Life

Think India ◽  
2019 ◽  
Vol 22 (3) ◽  
pp. 72-83
Author(s):  
Tushar Kadian
Keyword(s):  
Human Rights ◽  
Basic Needs ◽  
Research Paper ◽  
Human Being ◽  
Way Of Life ◽  
Labour Unions ◽  
The People ◽  
The Subject ◽  
Definition Of ◽  
Made In

Actually, basic needs postulates securing of the elementary conditions of existence to every human being. Despite of the practical and theoretical importance of the subject the greatest irony is non- availability of any universal preliminary definition of the concept of basic needs. Moreover, this becomes the reason for unpredictability of various political programmes aiming at providing basic needs to the people. The shift is necessary for development of this or any other conception. No labour reforms could be made in history till labours were treated as objects. Its only after they were started being treating as subjects, labour unions were allowed to represent themselves in strategy formulations that labour reforms could become a reality. The present research paper highlights the basic needs of Human Rights in life.

Etos Kerja Islam Dan Ketahanan Usaha Kerajinan Tangan

2019 ◽  
Vol 4 (1) ◽  
Author(s):  
Ahmad Ubaidillah ◽  
Misbahul Khoir
Keyword(s):  
Group Discussion ◽  
Scientific Methods ◽  
Analysis Techniques ◽  
Religious Rituals ◽  
The People ◽  
Depth Interview ◽  
Qualitative Descriptive ◽  
The Subject ◽  
The Village ◽  
Collection Methods

The objectives of research include; first, to describe what local Islamic working ethos are as the basis for the resilience of songkok, whip and slap handicraft businesses in Serah Panceng Gresik Village. Second, to describe the resilience of the songkok, whip and slap handicraft business in the village of Serah Panceng Gresik. This study is a qualitative-descriptive study with the aim of understanding the phenomena experienced by the subject of research including behavior, perception, motivation, and action holistically by utilizing various scientific methods. Data collection methods include; Observation, In-depth Interview or Focus Group Discussion, Documentation. Data analysis techniques include: processing and preparing data for analysis, reading the entire data, analyzing in more detail by coding data, considering detailed instructions that can help the coding process, giving descriptions that will be presented in the report, interpreting and interpreting data. The results showed that in Serah Village local Islamic working ethos were preserved by the community, such as alms giving, reading dziba', reading tahlil, attending haul akbar, and reading sholawat together every Friday. Although in the tradition it does not involve songkok, whip, and slap directly, there is a good impact to support the resilience of songkok, but not whip, and slap production. Religious rituals by praying together asking Allah to facilitate and carry out business in production songkok, whip, and slap are an expression of gratitude for what God gave to the people of Serah Village. All economic activity done by Serah community is meant to get God’s willing. Keywords: Islamic Working Ethos, Handicraft Businesses

The state of democracy in the European Union in scenarios: federation, empire and Europe à la carte

2016 ◽  
pp. 90-108
Author(s):  
Marta Witkowska
Keyword(s):  
European Union ◽  
Reference Point ◽  
The State ◽  
The European Union ◽  
Scenario Development ◽  
Normative Approach ◽  
Norms And Values ◽  
The Subject ◽  
The Eu ◽  
A La Carte

The aim of the article is to present possible scenarios on maintaining democracy in the EU, while assuming different hypothetical directions in which it could develop as a federation, empire and Europe à la carte. Selected mechanisms, norms and values of the EU system that are crucial for the functioning of democracy in the European Union are the subject of this research. The abovementioned objective of scenario development is achieved through distinguishing the notions of policy, politics and polity in the research. In the analysis of the state of democracy in the European Union both the process (politics) and the normative approach (policy) have been adopted. The characterised norms, structures, values and democratic procedures in force in the EU will become a reference point for the projected scenarios. The projection refers to a situation when the existing polity transforms into a federation, empire or Europe à la carte. The article is to serve as a projection and is a part of a wider discussion on the future of the basis on which the European Union is build.

Construction of an Achievement Test in General Science for Class IX Based on NCERT Syllabus

2018 ◽  
Vol 6 (26) ◽  
Author(s):  
Sailendra Bhuyan ◽  
Punita Borpuzari Deori
Keyword(s):  
Assessment Tool ◽  
Subject Area ◽  
Achievement Test ◽  
General Science ◽  
School Students ◽  
The People ◽  
The Subject ◽  
The Government ◽  
Time Changes ◽  
Teaching Learning

Achievement test is of very important assessment tool to evaluate the student’s current level of knowledge and skill acquired from classroom instruction. This test is designed to evaluate the student’s level of achievement in a particular subject for a particular class prescribed under the board or the university. In other words, to assess how much the pupils have achieved the educational objectives in teaching learning process at the end of the course and if achieved then to what extent, it has been achieved. Achievement tests are proved to be very helpful in various ways to the people who are involved in the field of education such as the teachers, the administrators, the planners, to the parents as well as for the students. The teacher very carefully develops and conduct achievement test in the class which enable the teacher to get an overall idea of the progress or the level of achievement of his students in the subject area. The teacher can determine the pupil’s strength and weakness in the subject area. So, based on this the teacher can take necessary remedial instructional strategies for the betterment of the pupil’s progress. In the same time, it also provides feedback for the teaching efficiency of the teacher.As with the time changes there have been many educational reforms taken place and in between syllabus had also been changed under different Boards of Studies. In order to maintain uniform standard of education the Government has formulated a policy to implement NCERT syllabus common to all School Boards throughout the country and accordingly the State Board of Secondary Education, Assam (SEBA) follow NCERT syllabus and to evaluate students’ achievement in terms of the policy formulated by the Board. Till now, no any standardized achievement test has been conducted for the secondary school students of Assam. Therefore, the investigators felt to construct and standardize an achievement test in the subject General Science which will definitely help in educational research.

Appropriation redux: Re-reading George Ryga through Jeannette Armstrong

2020 ◽  
pp. 002198942097099
Author(s):  
Kit Dobson
Keyword(s):  
The People ◽  
Critical Attention ◽  
The Subject ◽  
Jeannette Armstrong ◽  
George Ryga ◽  
Alliance Building ◽  
The Relationship ◽  
Indigenous Voices ◽  
Literary Circles

This article considers ways in which solidarity across social locations might play a role in fostering resistance to vulnerability. My case study consists of the interplay between writer George Ryga’s 1967 play The Ecstasy of Rita Joe, and Okanagan Syilx writer and scholar Jeannette Armstrong’s 1985 novel Slash. While these important and compelling texts have received considerable critical attention, the relationship between them is less known. I am interested in the ways in which these works both hail and offer critique to one another. In the contemporary moment, in which questions of appropriation of voice have gained renewed urgency within Indigenous literary circles in Canada and beyond, the relationship between these texts speaks to a historical instance of appropriation, but also of complicated processes of alliance-building. These texts demonstrate how agency resides across multiple locations. I read Ryga’s Ecstasy in the context of Jeannette Armstrong’s engagement with the play within her novel Slash in order to witness the ways in which Ryga’s text, in the first instance, appropriates Indigenous voices into an anti-capitalist critique. In the second instance, I read these works in order to witness how they might simultaneously provide a compelling analysis of the vulnerability of the people who are the subject of both works. I compare the interplay between Armstrong and Ryga’s texts to contemporary debates around appropriation in order to argue for the historical and ongoing importance of these two works as precursors to the crucial interventions made by contemporary Indigenous critics and writers.

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