Dinar Times | Daily Dinar Updates from Dinar Guru on Dinar Chronicles and Dinar Recaps
  • Home
  • Dinar Guru
  • Cryptocurrency
  • Videos
  • USA
  • Dinar News
  • Iraq
  • World
  • Blog
No Result
View All Result
  • Home
  • Dinar Guru
  • Cryptocurrency
  • Videos
  • USA
  • Dinar News
  • Iraq
  • World
  • Blog
No Result
View All Result
Dinar Times | Daily Dinar Updates from Dinar Guru on Dinar Chronicles and Dinar Recaps
No Result
View All Result

Home » Europe Calls for Tougher Rules on Global Markets

Europe Calls for Tougher Rules on Global Markets

January 16, 2016
in Uncategorized

Sometimes it’s not just what is said that counts, but the way it is said. And if tone is anything to go by, the leaders of the European Union’s largest economies are dead serious about cleaning up global finance markets. On Sunday, officials from eight E.U. countries wound up an economic summit in Berlin calling for tougher regulations on international financial markets—including secretive hedge funds and the tax havens they often rely on to do business. The question is: will the U.S., the biggest financial player in the world, ever agree to the binding international regulation the Europeans seek?

The way they’re talking, it sounds as if many European leaders don’t want to give their American peers much choice in the matter. German host Chancellor Angela Merkel said the group—France, Italy, Britain, Luxembourg, Spain, the Netherlands and Czech Republic—had agreed to measures they will insist be adopted at the G20 meeting in London in early April. “All financial markets, products and participants including hedge funds and other private pools of capital which may pose a systematic risk must be subjected to appropriate oversight or regulation,” Merkel said in a summit statement. “A clear message and concrete action are necessary to engender new confidence in the markets and to put the world back on a path toward more growth and employment.” (See 25 people to blame for the financial crisis.)

French President Nicolas Sarkozy was just as adamant. “We can’t afford failure in London,” he said after Sunday’s meeting. “We have to succeed and we can’t accept that anyone or anything will get in the way of this summit, which will be a historic summit. We will be successful [because] if we fail there will be no safety net.”

There’s just one problem with Europe’s position: it’s far from certain Washington is going to accept strict new regulations imposed on the U.S. economy by outsiders. President Barack Obama wooed the world with talk of change, but resistance to regulation remains strong in the U.S, where the ability of companies and markets to invent, innovate, and take risks remains fundamental to the American dream. “There’s an enduring view in the U.S. that the national economy is a powerful machine that crashes every now and again, but which eventually fixes itself and roars back to the front of the pack,” says Mark Duckenfield, a professor of politics in the world economy at the London School of Economics. “The European leaders proposing this international regulation are generally conservative, not wild-eyed socialists. Still, any effort to come up with international rules applicable to the U.S. usually raises fears about American businesses finding themselves hog-tied as a result—which gets Joe the Plumber types shouting bloody murder.” (See pictures of the global financial crisis.)

Duckenfield notes that political conservatives such as Sarkozy and Merkel have a significant ally to their cause inBritish Prime Minister Gordon Brown, who, in spite of his nominally leftist Labour Party affiliation, has always been a market liberal. As recently as 2007, Brown opposed European calls for better regulation of hedge funds—investment schemes that had helped made London Europe’s finance capital. But on Sunday, Brown wrote in Britain’s Observer newspaper that finance markets and banks should be obliged to factor the collective interest of long-term economic gain into their activities, an effort he said should serve as “the foundation on which a new system must be based”.

Sarkozy went even further, demanding new regulations that would impose responsibility and moderation where excess once reigned. After the meeting, Sarkozy said that “the violence of the [economic] crisis, its depth, call for really profound changes.” He also claimed the European objective going into the G20 meeting is to ” to start capitalism again from scratch, [and] make it more moral”.

Dramatic stuff—but will it ever fly in Washington? Or even everywhere in Europe? “If I put it very tenderly, the divergence in opinions was rather big,” said Czech Prime Minister Mirek Topolanek, whose country currently holds the E.U.’s rotating presidency. In Sunday’s meeting, Topolanek defended the liberal market orthodoxy of many central European members and the U.S. is likely to look to countries like the Czech Republic for support in defining some “lowest-common-denominator rules” that everyone can accept, says Duckenfield. Which may leave other European leaders talking tough but unable to get their way.

Share this:

  • Twitter
  • Facebook
Tags: BusinessGlobal MarketNational Economy
ShareTweetShareSendShare

Related Posts

Iraqi Dinar Rates/49ers Global Reset Warning/FBI Agent
Uncategorized

Iraqi Dinar Rates/49ers Global Reset Warning/FBI Agent

January 23, 2023
TNT
Uncategorized

TNT

January 22, 2023
MarkZ
Uncategorized

MarkZ

January 12, 2023

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Dinar Gurus

Bondlady’s Corner

Bondlady’s Corner

January 28, 2023

Sandy Ingram

Sandy Ingram

January 28, 2023

Henig

Henig

January 28, 2023

KTFA

KTFA

January 28, 2023

MarkZ

MarkZ  

January 28, 2023

Kaperoni

Kaperoni 

January 28, 2023

Read More

Iraq / USA

THE CONTRAST COULDN’T BE MORE OBVIOUS!

THE CONTRAST COULDN’T BE MORE OBVIOUS!

July 5, 2022

[IMPORTANT] This is what’s going to happen next… | Robert Kiyosaki & George Gammon

[IMPORTANT] This is what’s going to happen next… | Robert Kiyosaki & George Gammon

July 5, 2022

ALERT! A New Monetary System is Close..Just NOT THE WAY YOU THINK!! (Bix Weir)

ALERT! A New Monetary System is Close..Just NOT THE WAY YOU THINK!! (Bix Weir)

July 5, 2022

Scam Alert! Ukraine Demands $750 Billion…For ‘Reconstruction’!

Scam Alert! Ukraine Demands $750 Billion…For ‘Reconstruction’!

July 5, 2022

Read More

Blog

KTFA

KTFA

August 6, 2022

A new financial system aka the quantum financial system QFS

January 30, 2021

Iraqi Dinar News 12/27/20

December 27, 2020

A very happy Merry Christmas from Dinar Times Team

December 25, 2020

Read More

Videos

“Everyone Will Be Wiped Out In 30 Days” | Ray Dalio’s Last WARNING
Videos

“Everyone Will Be Wiped Out In 30 Days” | Ray Dalio’s Last WARNING

January 28, 2023
Upside Breakout CONFIRMED! How High Will The Market Go? | Lance Roberts & Adam Taggart
Videos

Upside Breakout CONFIRMED! How High Will The Market Go? | Lance Roberts & Adam Taggart

January 28, 2023
Biden continues to implode. Weekend news with MarkZ 01/28/2023
Videos

Biden continues to implode. Weekend news with MarkZ 01/28/2023

January 28, 2023
Iraqi Dinar Guru News Highlights (1/28/23)
Videos

Iraqi Dinar Guru News Highlights (1/28/23)

January 28, 2023
GOP VICTORY OVER BIDEN’S CLASSIFIED DOCS! RINO SWAMP WINS. DANGEROUS SPOILED KIDS. WORST SINCE 1932!
Videos

GOP VICTORY OVER BIDEN’S CLASSIFIED DOCS! RINO SWAMP WINS. DANGEROUS SPOILED KIDS. WORST SINCE 1932!

January 28, 2023
[IMPORTANT] “It Begins…” (Dave Ramsey)
Videos

[IMPORTANT] “It Begins…” (Dave Ramsey)

January 28, 2023
Read More

Cryptocurrency

THIS JANUARY IS THE 2ND BEST ON RECORD. EXPECT THIS IN 2023.

THIS JANUARY IS THE 2ND BEST ON RECORD. EXPECT THIS IN 2023.

January 27, 2023

Short Sellers Getting CRUSHED On Tesla! New Amazon And Polygon Parternship Coming Soon!?

Short Sellers Getting CRUSHED On Tesla! New Amazon And Polygon Parternship Coming Soon!?

January 27, 2023

The Big Crypto Pump! 🔥GET READY NOW🔥

The Big Crypto Pump! 🔥GET READY NOW🔥

January 26, 2023

Ethereum: 2023 ETH Predictions & Risks!

Ethereum: 2023 ETH Predictions & Risks!

January 26, 2023

Read More

Dinar

The 2022 Budget Will Not Go Ahead Without Returning The Price Of The Dollar

The 2022 Budget Will Not Go Ahead Without Returning The Price Of The Dollar

July 5, 2022

Iraqi Dinar/US Dollar auction results for Wednesday 7-6-2022 executed today 7-5-2022

Iraqi Dinar/US Dollar auction results for Wednesday 7-6-2022 executed today 7-5-2022

July 5, 2022

Iraq Achieves A Financial Surplus Of More Than 15 Billion Dollars In The First 5 Months Of 2022

Iraq Achieves A Financial Surplus Of More Than 15 Billion Dollars In The First 5 Months Of 2022

July 5, 2022

Barham Salih discusses with Lindsey Graham the recovery of Iraq’s smuggled money

Barham Salih discusses with Lindsey Graham the recovery of Iraq’s smuggled money

July 5, 2022

Read More

Dinar Times is an exclusive website concerning Iraqi Dinar Revaluation, serves with the Iraqi Dinar RV related latest updates which are based on Dinar Guru opinions and reckonings. Along with it we also incorporate the valuable perspectives of our Iraqi Dinar Gurus & Investors in the form of latest Dinar Recaps, Dinar Chronicles and Dinar Intel. Dinar Times also extensively covers USA, Iraq & Global, up to the minute happenings.

LINKS

  • Home
  • Dinar Guru
  • Cryptocurrency
  • Videos
  • Blog
  • Dinar News
  • USA
  • Iraq
  • World

BROWSE MORE

DinarDetectives.com

DinarTube.com

Dinar Detectives Forum

NEWS FEED ON

Dinar Times is an exclusive website concerning Iraqi Dinar Revaluation, serves with the Iraqi Dinar RV related latest updates which are based on Dinar Guru opinions and reckonings. Along with it we also incorporate the valuable perspectives of our Iraqi Dinar Gurus & Investors in the form of latest Dinar Recaps, Dinar Chronicles and Dinar Intel. Dinar Times also extensively covers USA, Iraq & Global, up to the minute happenings.

LINKS

BROWSE MORE

DinarDetectives.com

DinarTube.com

NEWS FEED ON

Dinar Times ©. All Rights Reserved

No Result
View All Result
  • Home
  • Dinar Guru
  • Cryptocurrency
  • Videos
  • USA
  • Dinar News
  • Iraq
  • World
  • Blog

© 2021


Notice: Trying to access array offset on value of type bool in /home/dinardetectives/dinartimes.com/wp-content/plugins/jnews-jsonld/class.jnews-jsonld.php on line 262

Notice: Trying to access array offset on value of type bool in /home/dinardetectives/dinartimes.com/wp-content/plugins/jnews-jsonld/class.jnews-jsonld.php on line 263

Notice: Trying to access array offset on value of type bool in /home/dinardetectives/dinartimes.com/wp-content/plugins/jnews-jsonld/class.jnews-jsonld.php on line 264