Thursday, 27 August 2015

Millionen junge Europäer ohne Job bedrohen den sozialen Frieden


TAGES ANZEIGER: In Europa sind 7,5 Millionen Menschen unter 25 Jahren seit Jahren ohne Job. Die Aussichten, dass sie jemals den Einstieg in die Arbeitswelt schaffen, sind schlecht. Trotzdem halten sie still.

Europas hohe Jugendarbeitslosigkeit ist eines der grossen Übel unserer Zeit. Vor allem im Süden des Kontinents droht es einer ganzen Generation das Leben zu vermiesen. Seine toxische Wirkung wird noch jahrzehntelang anhalten, selbst wenn sich die Lage irgendwann wieder bessern sollte. Aber das ist keineswegs sicher. 7,5 Millionen Europäer unter 25 Jahren haben keine Arbeit und keinen Ausbildungsplatz; europaweit beträgt die Jugendarbeitslosigkeit mehr als 21 Prozent, in Griechenland überschreitet sie die Marke von 50 Prozent, in Spanien liegt sie knapp darunter. Aber auch in einigen mitteleuropäischen und nördlichen Ländern, etwa in Belgien, Polen, Irland oder Schweden, ist mindestens jeder fünfte junge Erwachsene betroffen. Und in Wirklichkeit ist die Situation noch schlimmer, als es die Statistiken ausweisen. Denn es genügt, dass ein Jugendlicher eine einzige Stunde pro Woche arbeitet, ob bezahlt oder umsonst, um nicht mehr als erwerbslos zu gelten. » | Von Sandro Benini, Co-Leiter International | Mittwoch, 26. August 2015

Monday, 24 August 2015

Black Monday: Biggest Slide In Chinese Stocks Since 2007, Brent Oil Below $44


The Shanghai composite has closed down 8.5 percent in a brutal selloff, as Beijing’s measures have failed to ease investor concerns about the slowdown of the world's second-largest economy. China's stocks are now down for the year after being up 60 percent in June.

Stocks Plunge, With Dow Losing 1,000 Points


THE NEW YORK TIMES: PARIS — The global market turmoil continued on Monday, as stocks fell sharply in the United States, Europe and Asia, led by another big sell-off in China. The Dow Jones industrial average dropped more than 1,000 points in the first minutes of trading.

Investors’ concerns over China’s economic slowdown and a souring view of emerging economies have rattled financial markets around the world in recent days, and showed no signs of letting up.

As the stock markets opened in the United States, the Standard & Poor’s 500-stock index and the Dow Jones industrial average plunged more than 5 percent. The Nasdaq was down more than 8 percent.

In China, the benchmark Shanghai composite index closed 8.5 percent lower, erasing all of the gains it had made in an extraordinary run-up this year. And in Europe, stocks fell sharply, with the main indexes down by 4 percent or more in the early afternoon. » | David Jolly and Neil Gough | Monday, August 23, 2015

Trump Talks Stock Market Slide, Biden and Border Security


Aug. 24, 2015 - 10:18 - Republican presidential candidate on 'Fox & Friends'

Global Shares Plunge as Chinese Losses Rattle Markets


BBC: Stock markets in London, Paris and Frankfurt have fallen sharply as fears of a Chinese economic slowdown continue to haunt investors.

London's FTSE 100 index was down by 2.6% in morning trade, while major markets in France and Germany lost nearly 3%.

Shares in Asia were hit overnight, with the Shanghai Composite in China closing down 8.5%, its worst close since 2007.

The Chinese authorities tried in vain to reassure investors.

In addition, oil prices have plunged to six-year lows, as traders worry about slowing growth in the world's second-largest economy. » | Monday, August 24, 2015

Sunday, 23 August 2015

Weltweite Börsenkrise: Der Kapitalismus enttäuscht seine Jünger


SPIEGEL ONLINE: Wie kann das sein? Weltweit fallen die Aktienkurse, obwohl die Notenbanken Billionen in die Märkte pumpen. Der Kapitalismus, wie wir ihn kennen, funktioniert nicht mehr.

Eigentlich ist Kapitalismus eine tolle Sache. Eines seiner Grundprinzipien lautet: Das Geld der Sparer, die für die Zukunft etwas zurücklegen, wird Unternehmen zur Verfügung gestellt, die in Geschäfte mit Zukunft investieren. Zwischen Sparern und Unternehmen wiederum stehen Banken und Börsen: Dort wird das Geld gebündelt, neu verpackt und dann verliehen. Eine große finanzielle Umwälzpumpe, die Wohlstandszuwächse ermöglicht wie kein anderes real existierendes Wirtschaftssystem.

Leider scheint dieses Modell nicht mehr zu funktionieren: Die Unternehmen investieren immer weniger in neue Anlagen und Produkte. Stattdessen schütten sie große Teile ihrer Gewinne an die Aktionäre aus. Wohlstandszuwächse für die große Mehrheit der Bürger gibt es kaum noch. Die große kapitalistische Umwälzpumpe läuft leer.

Wundert es da irgendjemanden, dass die Börsen weltweit einbrechen? Von Shanghai bis New York fallen die Aktienkurse: Allein in der abgelaufenen Woche verlor der Shanghai SE Composite mehr als elf Prozent, der Dax fast acht Prozent, der Dow fast sechs Prozent, der Nikkei mehr als fünf Prozent. » | Eine Kolumne von Henrik Müller | Sonntag, 23. August 2015

Friday, 21 August 2015

Untergangsstimmung erfasst die Weltbörsen


DIE WELT: Aktien, Währungen, Rohstoffe: Weltweit rauschen die Kurse in den Keller. Das letzte Mal gab es so etwas während der Finanzkrise. Und Deutschland ist von diesen Turbulenzen besonders betroffen.

Irgendwann diese Woche zeigten die Zahlen auf den Bildschirmen der Börsenhändler nur noch rot. Rot waren die Aktienmärkte in Asien, rot waren die Währungen der Schwellenländer, rot waren die Rohstoffnotierungen und rot waren nun auch alle Dax-Werte.

Für andere Menschen ist rot die Farbe der Liebe oder eines politischen Bekenntnisses, für die Börsenhändler ist ein so intensives Rot vor allem eins: die Farbe der Gefahr.

Die Marktturbulenzen in den Schwellenländern haben auf Europa übergegriffen, und an diesem Punkt halten sich sogar die einschlägigen Optimisten mit Mutmacher-Parolen zurück. » | Von Daniel Eckert , Nina Trentmann | Freitag, 21. August 2015

Wednesday, 12 August 2015

China Stuns Financial Markets by Devaluing Yuan for Second Day Running


THE GUARDIAN: Stocks, currencies and commodities fall sharply across region as investors fear a stalling China economy and possible currency war despite Beijing’s assurances

China stunned the world’s financial markets on Wednesday by devaluing the yuan for the second consecutive day, triggering fears the world’s second largest economy is in worse shape than investors believed.

The move sent fresh shockwaves through global markets, pushing shares sharply lower and sending commodity prices further into reverse as traders feared the move could ignite a currency war that would destabilise the world economy.

There were widespread losses in Asia, and in Europe stock markets suffered falls of about 1%, with the FTSE 100 tumbling almost 2% at one stage. » | Martin Farrer and Fergus Ryan in Beijing | Wednesday, August 12, 2015

Friday, 31 July 2015

Greece Crisis Escalates as IMF Witholds Support for a New Bail-out Deal

THE TELEGRAPH: Talks over new rescue package are derailed after less than a week as IMF seeks explicit assurances over debt relief from the Europeans

Talks over an €86bn bail-out for Greece have been thrown into turmoil after just four days as the International Monetary Fund said it would have no involvement in the country until it receives explicit assurances over debt sustainability.

An IMF official said the fund would withhold financial support unless it has guarantees Greece can carry out a "comprehensive" set of reforms and will be the beneficiary of debt relief from its European creditors.

The comments came after the IMF's executive board was told that the institution could no longer continue pumping more money into the debtor nation, according to a leaked document seen by the Financial Times.

The Washington-based Fund has been torn over its involvement in Greece - its largest ever recipient country. The world's "lender of last resort' said it would continue talks with its creditor partners and the Leftist government of Athens, but made it clear the onus of keeping Greece in the eurozone now fell on Europe's reluctant member states.

"There is a need for difficult decisions on both sides... difficult decisions in Greece regarding reforms, and difficult decisions among Greece's European partners about debt relief," said the official.

"One should not be under the illusion that one side of it can fix the problem." » | Mehreen Khan | Thursday, July 30, 2015

Thursday, 16 July 2015

Merkel 'Gambling Away' Germany's Reputation over Greece, Says Habermas

German chancellor Angela Merkel has been accused of
'punishing' Greece
THE GUARDIAN: Exclusive: Intellectual figurehead of European integration says efforts of previous generations put at risk by Angela Merkel’s hardline stance on Greece

Jürgen Habermas, one of the intellectual figureheads of European integration, has launched a withering attack on the German chancellor, Angela Merkel, accusing her of “gambling away” the efforts of previous generations to rebuild the country’s postwar reputation with her hardline stance on Greece.

Speaking about the bailout deal for the first time since it was presented on Monday, the philosopher and sociologist said the German chancellor had effectively carried out “an act of punishment” against the leftwing government of Alexis Tsipras.

“I fear that the German government, including its social democratic faction, have gambled away in one night all the political capital that a better Germany had accumulated in half a century,” he told the Guardian. Previous German governments, he said, had displayed “greater political sensitivity and a post-national mentality”.

Habermas, widely considered one of the most influential contemporary European intellectuals, said that by threatening Greece with an exit from the eurozone over the course of the negotiations, Germany had “unashamedly revealed itself as Europe’s chief disciplinarian and for the first time openly made a claim for German hegemony in Europe.” » | Philip Oltermann | Thursday, July 16, 2015

Monday, 13 July 2015

Greek Rescue Deal: Political Tumult Beckons as Alexis Tsipras Returns Home

THE GUARDIAN: Some members of Greek prime minister’s Syriza party have already denounced bailout accord as harbinger of further catastrophe

For the Greek prime minister, Alexis Tsipras, the hard work begins now. The rescue deal hammered out in Brussels may have brought relief to Athens but its battle-hardened government knows that it also comes at enormous cost.

Within minutes of Tsipras giving his “victory” speech, some in his Syriza party were denouncing the bailout accord – the third emergency funding programme for the debt-stricken country since 2010 – as the harbinger of further catastrophe.

“After 17 hours of ‘negotiations’ the leaders of eurozone member states reached an agreement that was humiliating for Greece and the Greek people,” declared the dissenters, coalesced around the energy minister Panagiotis Lafazanis.

Political tumult beckons. Tsipras returns to Athens with a deal so excoriating that not even his closest allies on Monday appeared willing to defend it. » | Helena Smith in Athens | Monday, July 13, 2015