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Paul De Grauwe the 66 year old Belgian Economist and Professor emeritus in European Political Economy, and former member of the Belgian Federal Parliament, has published an article on the Project Syndicate titled ‘Debt Without Drowning’. De Grauwe states “Since the 1970’s, economists have warned that a monetary union could not be sustained without a fiscal union. But the eurozone’s leaders have not heeded their advice – and the consequences are becoming increasingly apparent. Europe now faces a difficult choice: either fix this fundamental design flaw and move toward fiscal union, or abandon the common currency. Choosing the latter option would have devastating consequences. Indeed, while the desirability of establishing a monetary union may have been open to question in the 1990’s, dismantling the eurozone now would trigger profound economic, social, and political upheaval throughout Europe. To avoid this outcome, Europe’s leaders must begin designing and implementing strategies aimed at bringing the eurozone closer to a fiscal union. To be sure, a fiscal union such as that in the United States is a distant prospect that eurozone leaders should not expect to achieve any time soon – or even in their lifetimes. But that does not mean that establishing a fiscal union is a chimera. Small steps in the right direction now can make a significant difference. …the eurozone is gripped by an existential crisis that is slowly, but inexorably, destroying the monetary union’s very foundations. The only way to stem the erosion is to take determined action that convinces financial markets that the eurozone is here to stay. A debt-pooling scheme that satisfies the requirements outlined here would signal that the eurozone member countries are serious about sticking together. Without this gesture, further market turmoil is inevitable – and the eurozone’s collapse will become only a matter of time.”  Inspired by Paul De Grauwe, Project Syndicate ow.ly/l2YzK Image source kuleuven ow.ly/l2YmE Debt Without Drowning (June 1 2013)

 

Paul De Grauwe the 66 year old Belgian Economist and Professor emeritus in European Political Economy, and former member of the Belgian Federal Parliament, has published an article on the Project Syndicate titled ‘Debt Without Drowning’. De Grauwe states “Since the 1970’s, economists have warned that a monetary union could not be sustained without a fiscal union. But the eurozone’s leaders have not heeded their advice – and the consequences are becoming increasingly apparent. Europe now faces a difficult choice: either fix this fundamental design flaw and move toward fiscal union, or abandon the common currency. Choosing the latter option would have devastating consequences. Indeed, while the desirability of establishing a monetary union may have been open to question in the 1990’s, dismantling the eurozone now would trigger profound economic, social, and political upheaval throughout Europe. To avoid this outcome, Europe’s leaders must begin designing and implementing strategies aimed at bringing the eurozone closer to a fiscal union. To be sure, a fiscal union such as that in the United States is a distant prospect that eurozone leaders should not expect to achieve any time soon – or even in their lifetimes. But that does not mean that establishing a fiscal union is a chimera. Small steps in the right direction now can make a significant difference. …the eurozone is gripped by an existential crisis that is slowly, but inexorably, destroying the monetary union’s very foundations. The only way to stem the erosion is to take determined action that convinces financial markets that the eurozone is here to stay. A debt-pooling scheme that satisfies the requirements outlined here would signal that the eurozone member countries are serious about sticking together. Without this gesture, further market turmoil is inevitable – and the eurozone’s collapse will become only a matter of time.”

 

Inspired by Paul De Grauwe, Project Syndicate ow.ly/l2YzK Image source kuleuven ow.ly/l2YmE

Mehdi-Georges Lahlou the 29 year old French-Moroccan artist based in Brussels drawing on the history of performance and installation-art, and incorporating references to Belgian Surrealism in his works. Born to a Christian mother and Muslim father, the theme of crossing boundaries set by culture, religion and gender is present in all of his installations and performances. Lahlou is the subject of an article by Nicolai Hartvig published on Blouin Artinfo titled ‘Mehdi-Georges Lahlou Dons Heels to Stir Religious Debate’. Hartvig states “…[his] works hit on several sensitive issues in Muslim culture: the prohibition on modifying one’s body, nudity, sexuality, and improper use of the Koran and religious objects. …With his loose combination of religious iconography and incongruous objects, the ambiguous humor in Lahlou’s work is often misunderstood. But his approach is never casual — rather it blurs the boundaries between personal commentary on his subjects alongside artistic thought. “I’m not an activist shouting. I am truly respectful of religions and beliefs, except when they kill or hurt people,” Lahlou explains. “As a person, I have a political opinion, I take a position or I don’t. But in my work, I don’t want it to be like that. I want people to be in an awkward position and not know what’s happening, whether it’s humor or reality, true or false. I lean toward being stupid [in my work] because I don’t want to make people think that I am saying bad things. You can have criticisms, but that doesn’t mean that you’re against something. You can have fun with everything — but can you really have fun with everything?” …Lahlou plans to reduce his physical presence in his work. “There is the fear of repeating myself, even if everything I do is different. Since I am the basis of my work — I’m often the model, even if I’m not there — I get a bit tired of myself. Today, I want to think more, to be a bit less present,” he says. “But I think that I will still have things to say for 30 more years.” Inspired by Nicolai Hartvig ow.ly/gpOAu image source Twitter ow.ly/gpOzv You can have fun with everything (January 3 2013)Mehdi-Georges Lahlou the 29 year old French-Moroccan artist based in Brussels drawing on the history of performance and installation-art, and incorporating references to Belgian Surrealism in his works. Born to a Christian mother and Muslim father, the theme of crossing boundaries set by culture, religion and gender is present in all of his installations and performances. Lahlou is the subject of an article by Nicolai Hartvig published on Blouin Artinfo titled ‘Mehdi-Georges Lahlou Dons Heels to Stir Religious Debate’. Hartvig states “…[his] works hit on several sensitive issues in Muslim culture: the prohibition on modifying one’s body, nudity, sexuality, and improper use of the Koran and religious objects. …With his loose combination of religious iconography and incongruous objects, the ambiguous humor in Lahlou’s work is often misunderstood. But his approach is never casual — rather it blurs the boundaries between personal commentary on his subjects alongside artistic thought. “I’m not an activist shouting. I am truly respectful of religions and beliefs, except when they kill or hurt people,” Lahlou explains. “As a person, I have a political opinion, I take a position or I don’t. But in my work, I don’t want it to be like that. I want people to be in an awkward position and not know what’s happening, whether it’s humor or reality, true or false. I lean toward being stupid [in my work] because I don’t want to make people think that I am saying bad things. You can have criticisms, but that doesn’t mean that you’re against something. You can have fun with everything — but can you really have fun with everything?” …Lahlou plans to reduce his physical presence in his work. “There is the fear of repeating myself, even if everything I do is different. Since I am the basis of my work — I’m often the model, even if I’m not there — I get a bit tired of myself. Today, I want to think more, to be a bit less present,” he says. “But I think that I will still have things to say for 30 more years.”

 

Inspired by Nicolai Hartvig ow.ly/gpOAu image source Twitter ow.ly/gpOzv

Slick, superficial and only for the super-rich (November 9 2012) Slick, superficial and only for the super-rich (November 9 2012)

Luc Tuymans the 54 year old Belgian contemporary artist considered one of the most influential painters working today with his signature figurative paintings has been profiled by Adrian Hamilton for The Independent in an article titled ‘Luc Tuymans: Slick, superficial and only for the super-rich’. Hamilton states “Are the painting “series” so fashionable with contemporary artists now becoming a means less of exploring the boundaries of their art than just producing repetitive works that can be sold as distinct items? The question is prompted by the showing of recent works by the Belgian artist, Luc Tuymans, at David Zwirner’s new Mayfair gallery. …At his best he paints works of shifting focus that unnerve the eye and genuinely challenge the viewer. His Zwirner show, it has to be said, is not his best. …The interest of the galleries (and we’re talking here about a million pounds or more per painting) is to play along with this by presenting every few years a new show of their artists’ ‘recent works’. It is in the interest of the painter, whatever his or her creativity at the time, to supply the market with a steady flow of new offerings. “Series” become the easy way for them to do it. In the hands of the Twomblys and the Richters, they provide a way of pushing the boundaries of their art, testing their limits. In the hands of lesser artists they can be simply a means of productivity. I felt this with Damien Hirst’s Spot Paintings and Gilbert & George’s London Pictures, to name two recent examples. I feel it with Tuymans now.”

 

Inspired by Adrian Hamilton ow.ly/eUd92 image source Marcwathieu ow.ly/eUcOC

EU Cap Only Boosts Biofuels (October 4 2012) EU Cap Only Boosts Biofuels (October 4 2012)

Daan Bauwens the Belgian freelance investigative journalist for the international press agency Inter Press Service, and founder of the documentary film collective “Reach”, has published an article on IPS titled ‘EU Cap Only Boosts Biofuels’. In the article Bauwens states “The European Commission has announced it will limit the amount of crop-based biofuels used in transport, but its newly proposed measures are not nearly enough to curb the disastrous impact of the EU’s biofuel policy around the world. Its effects will only worsen, activists say. …Europe’s hunger for biofuels is pushing up global food prices and driving people off their land, resulting in deeper hunger and malnutrition in poor countries. …despite soy and maize prices being at all-time highs in July and prices of cereals and oil remaining at peak levels in August, the Commission and most governments seemed to turn a blind eye to the devastating impacts that EU biofuels mandates have on food prices and land rights. …“I’m happy the EC is finally recognising the fact that the use of food-crops for fuel is problematic,” says Ruth Kelly, Oxfam’s economic policy advisor and writer of Oxfam’s new report, “but putting a cap of 5 percent on biofuel consumption is ridiculous. At this moment the biofuel use in the EU is only at 4.5 percent. So the new cap of 5 percent is actually an increase of what we’re using at the moment. In 2008 biofuels accounted for 3.5 percent of all transport fuels in the EU. That same year, the land that was required to grow crops for those biofuels could have fed 127 million people.”

 

Inspired by IPS ow.ly/e09X3 image source ATIT ow.ly/e09Aw

Michel Bauwens the 53 year old Belgian Peer-to-Peer theorist and founder of the P2P Foundation claims in an article published on Aljazeera that “The Occupy Wall Street movement is a model for a new economic paradigm, in which value is first created by communities [an emerging open-source civilization – as a business model].” Bauwens states, “Occupy and open-source models illuminate a new possible reality, in which the democratic civic sphere, productive commons and a vibrant market can co-exist for mutual benefit: At the core of value creation are various commons, where innovations are open for all to share and to build upon; These commons are protected through non-profit civic associations, which empower that social production; Around the commons emerges a vibrant commons-oriented economy comprised of ethical companies… Where these three circles intersect, citizens decide on the optimal shape of their provisioning systems. This model can exist as a submodel within capitalism, and to some extent already does so in the present system, as the open-source software business ecology. It could also become, with some necessary hacks, the core logic of a new civilisation. Occupy has not just shown us prefigurative politics, but prefigurative economics as well.”

 

Inspired by Aljazeera http://ow.ly/9FzaN image source Jane Mejdahl http://ow.ly/9Fz52

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