The bankers' banker

Article Abstract:

Bank of International Settlements (BIS) Dir Alexandre Lamfalussy heads one of the oldest and most influential financial organizations in the world. The Basle, Switzerland-based BIS is at the center of world banking, and offers advice and guidelines for the central bankers of industrialized and developing countries alike. Lamfalussy is the author of the European Commission's Delors report on economic and monetary union in the European Community (EC) and has had a key role in planning the proposed central bank for the EC, the 'Eurofed'. Lamfalussy's idea of the role of the Eurofed is conservative: he believes that the Eurofed should focus on price stability and coordinated currency intervention to preserve the stability of price levels, and is dismayed that the issue of deficit financing by EC members has not been addressed.

Management, Europe, Reports, Central banks, European Union. European Commission, Bank for International Settlements, Lamfalussy, Alexandre

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Fortress Europe

Article Abstract:

European Community (EC) trading partners are worried that the developement of a united Europe will spark increased protectionism. The EC has not specifically stated how it will eliminate current import restrictions, and Japanese corporations are concerned that they will not be able to access the single market. The EC has ruled out retrospective requirements for banking reciprocity after 1992, which may set an important condition for other industries. The commission has also stated that the unified market will not exclude countries that are not part of the EC.

United States, Analysis, Japan, Dumping (International trade), Reciprocity (Commerce)

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The looming labour crunch

Article Abstract:

Complete legislation concerning general European Community (EC) worker rights does not yet exist, and countries are in conflict over different viewpoints about the influence and rights of labor in an open European market. . Fundamental issues at stake include: benefits for part-time workers; flexible work schedules across countries; and collective bargaining. Some experts believe that if policies are not created that guarantee general workers' rights, there may be large demonstrations and strikes.

Labor productivity

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