Fernando Fuster-Fabra's Blog

2012: ANNUS HORRIBILIS?

January 2, 2012
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Even the best theory is worthless while it isn’t tested and works.

–       Fernando Fuster-Fabra


Versión española: http://wp.me/pRlnf-5y

The recently concluded year should be considered a horrible year for this world in convulsion. We have not cleared through crisis nor has peace been attained the various live fronts nor were the promises made by the North American president each day more absorbed with his re-election bid been kept. On top of all, the developed and supposedly civilized world has permitted the savage hunt of the terrorist, Osama Bin Laden and the brutal beating of Muammar el Gaddafi, the dictator.

Could there be a worst year than last year?

I’m afraid yes. In the offing for 2012 is not only an economically difficult year but also a politically turbulent one.

World leaders insist on thinking in the same mode as when they created this problem; precisely what Albert Einstein advised against when he was forced to abandon his native Germany just before the outbreak of World War II.

Barack Obama no longer thinks about the rest of the world but only on how to hold on tight to his power seat at the White House Oval Office.

Nicholas Sarkozy is in a similar frame of mind, with his own dilemma of holding on to power in neighbouring France; so he may grow up his little daughter in the Élysée.

Angela Merkel has more time left till 2013 to manoeuvre. That is what she is precisely doing, plotting in the name of 27 states subjected to her whims and obsessions on the European public deficit to save the Euro.

For David Cameron, his tantrum at the last European Council did him very little good. Whilst in disagreement with the Merkozy tandem, he is condemned to remain in the EU fold if he does not wish to sail alone in the recession waters that threaten us today.

What can I say about the Brussels bureaucrats? Neither Durao Barroso nor Van Rompuy has sufficient power to challenge the water-downed German version of the “Iron Lady” of the ‘80s. In all probability, other un-elected top notches like Mario Draghi at the ECB or Mario Monti from Italia end up with more power. With Papademos, they form the ‘Goldman Sachs triumvirate’ in the power seats in the EU.

In Spain, in spite of Mariano Rajoy’s victory by majority, it seems evident that he who governs is far away from La Moncloa, instructions being dictated on what to do at each instant.

It is worth observing how the majority of those in power have decided rather theoretical actions, assuming these will be the panacea that will cure all world evil. Meanwhile, practice in the past century has demonstrated that they are rowing counter-current, and I would add, in the wrong direction of an unequivocal solution to the problem.

Not only is the effect of a recession being felt and announced without any qualms to what the market reactions may be but likewise we are forewarned from these seats of globalised power that “either the austerity sacrifices are accepted or watch out for the consequences”.

All in all, it sounds grisly but above all the situation lacks a democratic imprint.

Not even events such as the Olympic Games 2012 in London can make us think than we are in any year other than an annus horribilis.    

Fernando Fuster-Fabra

Barcelona    

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EUROPEAN UNION: WHO DECIDES WHETHER THE UNION PROJECT PROCEEDS OR CEASES?

December 5, 2011
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“To deserve being up front, one must first prove he knows how to do what he demands of others, in order to reach goals on time … Only then will he be accepted as the leader.” 

–       Fernando Fuster-Fabra

 

Versión Español:   http://wp.me/pRlnf-5e

Scarcely three weeks have lapsed since my post on the G-20 summit in Cannes. Now, with the celebration of the European Council meet about to be held, same must decide if the EU stays or goes. In fact, the bulk of the issue to date goes beyond what some have dubbed as ‘the Euro crisis’.

The true dilemma is much deeper as it has to do with the imposition of a leadership that has neither been agreed upon nor elected amongst the partners and European citizens.

Why have two leaders self-acclaimed themselves as the only competent actors in a matter that corresponds all 27 leaders to resolve in the frame of their legitimate governance organism, the European Council?

As I have said in previous posts, it is not viable to resolve a problem with the same ideas that caused it nor can the same actors who created the problem or increased it be in the lead roles. Such is the case of the Merkel-Sarkozy tandem, responsible of the ‘Deauville conspiacy’.

One would have to go quite a time back when this unfortunate duo still wasn’t as powerful as today. The newly named Union, which was not much more than the EEC in its mature state, decided to take a giant step forward towards the convergence of all its member states. Nevertheless, in the mid-90’s, the financial pundits of said states ignored the recommendations of visionary Jacques Delors. The ECOFIN centred its actions in the creation of the Euro and sidetracked the physical union of the states to develop its competitivity as a single supplier to global markets. Furthermore, those of us engaged in Eruopean projects insisted then that the true union stemmed from the socio-political cohesion, wherein common economics was a mere driving force of growth with the Euro as a supporting element for those generating business in the member states.

It has required lots of effort to bring together the union of 15 members then, more so with the hasty incorporation of 12 others in only a decade without any realistic justification. The reasons behind the acceptance of such an expansion by other members, clearly beneficial to translate the axis of power towards Berlin as Europe’s capital, is something I have sensed but it is best not to discuss in this post.

The operational Euro was launched in 2002 as a two-speed system, an error in itself. Nonetheless, vested interests that pulled the power strings so decided. To claim now that we are in danger of a two-speed Euro is pure demagogy; we have always had two levels of centralised European power and two operational ranges amongst single currency operators. It would be a different matter if we ask what Germany and France plan to impose the other members at this stage. It consists in renouncing to a certain amount of state fiscal sovereignty without offering in turn any guarantee of corresponding decision-making competencies for those renouncing. 

Do we know who will assume such ample powers so as to be authorised to impose state budgets or economic sanctions without any defined criteria on same? 

Definitely not. What is obvious is that those who will wield power will not be persons elected by the citizenry who afterwards will have to foot the bill of said ceded sovereignty.

If the problem is so pressing today, just on the eve of a European summit, then why haven’t more European Council meetings been held this year or even in 2009 and 2010 to clarify the solutions proposed in relation to the European problem?

I will not stop insisting that – There is no such thing as a ‘Euro crisis’ nor is public expenditure the cause of the speculation against European economies. It is all a make-up with a single objetive, that of deviating the attention from the real global problem; a plot put together by vested interests with the blessings of some European leaders. Thus far, they have achieved to get rid of a couple of elected leaders that have been replaced by supposed experts that are not legitimated by their respective citizenry.

What’s really going on this this our Europe?

Who are apparently in command in the EU? Above all, who gives them orders?   

Is the scenario being set up for another conflagration that would benefit large corporations involved in arms, military aviation, chemical & pharmaceutical industries, energetic suppliers and the leading bankins entities?

It may be worth recalling what Baron Rothschild, a Jewish-German banker said: – “ .. It’s time to buy when bloods flows in the streets, no matter id it is your own …”

Has someone decided that the time for this has come?

Fernando Fuster-Fabra

Barcelona, Spain    


FROM BILDERBERG CLUB AT SITGES TO G-20 IN BUSAN

June 6, 2010
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version in Spanish –  http://wp.me/pRlnf-10

The tranquil Mediterranean sky over Sitges suddenly was a flurry of helicopter traffic last Thursday afternoon whilst security measures were tightened at the entrance of Can Girona.  The arrival of members and guests of the exclusive five-decade Club at Sitges’ Hotel Dolce coincided in time with the start of the Finance Ministers’ conference 10.000 kilometres in Busan, preparatory to the world leaders meet at the end of June in Canada.

A world in crisis with the elite of the wealthy and powerful in their annual get-together since its first session in the Bilderberg Hotel in Arnhem, the Netherlands in 1954 must talk much more than of the nice sunny weather and the pleasure of Sitges’ excellent golf course. In turn, the Finance Ministers of the developed and developing countries of the world must have sat down to decide which path to take at the June 25-26 leaders’ conference in Toronto.

Coinciding with these economic and political events thousands of miles apart were two Israeli blockade actions in international waters.

The Bilderberg Club, in spite of its discreet holdings and utmost secrecy, seemed to have been fortified its existence with NATO Secretary-Generals from as permanent members. More than a shear economic club, ever since Polish political advisor Jósef Retinger received Netherland’s Prince Bernhard’s backing to his idea, Bilderberg has acted more like a political one. In fact, its first meeting in 1954 was meant to establish closer ties between the leaders of Europe and the United States of America and avoid an anti-American wave in Western Europe. Although never mentioned, one of the issues that has always hovered the European scene since the end of World War II has been the moral and economic reparations of Jewish Nazism victims. At the turn of the tides, with Israel now as an established independent state, what does the club think about Israel’s arrogant stance in the world scene today?

The G-20 Finance Ministers closed their meet yesterday with not even a mention of the deadly effects of Israel’s boarding in international waters of a Gaza-bound six-vessel flotilla, supposedly bearing humanitarian aid for Palestinians in the Gaza Strip; a second vessel, the Irish MV Rachel Corrie was likewise hijacked to prevent its arrival at Gaza. Not only did the ministers not decide a common stand on new banking regulations and control but neither did it evaluate the effects of the Israeli-Palestinian conflict on the world’s economy.

The Bilderberg Club seems to have agreed that the crisis is due to last at least another year and surely the G-20 ministers must have talked along the same line. What is indeed worrying is to observe that neither political nor economic world leaders seem to be concerned about the risks of another global conflagration in the crossroads between Sitges and Busan, in Gaza just where Israel is challenging all international authority in its arm-twisting strategy on the Palestinian issue.

How long will such inhuman actions go on in the name of a single state’s security? Can we honestly say that as developed and developing countries belonging to international organisations such as the United Nations all agree that Israel can have its ways in an eye-for-an-eye strategy against Hamas? Who then must speak out for all civilian victims of 20th. Century atrocities? Has Israel forgotten what its people suffered in the Nazi concentration camps? Is a similar action against all Palestinians justifiable and permissible?

Today, I for one, feel ashamed of belonging to our present-day inhuman race.

Fernando Fuster-Fabra

Sitges


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