Sunday, 7 April 2013

Labour of love

Ukraine's Thorny Road To The EU
A YEAR has passed since Ukraine and the European Union initialled the Association Agreement. It has been a difficult time and is unlikely to become any easier in the run-up to the Vilnius Eastern Partnership Summit in November when the Association Agreement, including a Deep and Comprehensive Free Trade Area (DCFTA) agreement, should be signed. Following the Ukraine-EU summit in February, Kiev and Brussels ...
The Urge To Purge
WHEN the Great Depression struck, many influential people argued that the government shouldn't even try to limit the damage. According to Herbert Hoover, Andrew Mellon, his Treasury secretary, urged him to "Liquidate labour, liquidate stocks, liquidate the farmers. ... It will purge the rottenness out of the system." Don't try to hasten recovery, warned the famous economist Joseph Schumpeter, because "artificial stimulus leaves part of the work of depressions undone."

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