Wednesday, July 3, 2013

Notes from the Netherlands

I spent last week in the Netherlands, attending the Conference of Europeanists.  There were many excellent panels, particularly focusing on issues related to immigration, EU integration and the current fiscal crisis.  As I noted in my previous blog post, the crisis is hitting hard in the Netherlands, as can be seen in this representative picture of the shopping district in central Amsterdam:

 Many shops, including high-end designer boutiques, were advertising sales as much as 70% off, or as in this shop, 50% off.  As noted in this report by Bloomberg, the Dutch economy is contracting as consumer spending is down, and they suffer their third recession in four years. http://www.bloomberg.com/news/2013-06-25/dutch-economy-contracts-more-than-initially-estimated.html  The government is implementing an austerity package that will impact employment and retirees. 











On the brighter side, Amsterdam remains a beautiful city, Leaving the University of Amsterdam, I passed by the Hotel de L'Europe where the Amsterdam Treaty was signed. Being in Northern latitudes, the nights were long, but I managed to stay up late to see the lights on the canals.
 
 
At the train station, there was a diverse crowd, Amsterdam is a city of many cultures, including Indonesian -- we ate rajstafel a few times during the conference.
 
The Rijksmuseum is recently refurbished, and is a stunning display of Dutch art and history.


"Night Watch" is perhaps the most famous painting in the museum, and has it's own wall in the "Gallery of Honor"
 
I have a fondness for still life paintings -- this one was my favorite:


I also have a fondness for Dutch ceramics, and the museum had several displays of amazing artistry:




Sunday, June 23, 2013

The view from the Netherlands

I'm visiting the Netherlands for the annual Conference of Europeanists. I am lucky to have a nephew who lives in Rotterdam who hosted me over the weekend, then I'm off to Amsterdam tomorrow for the conference.  The Netherlands recently celebrated the investiture of their new King Willem-Alexander after the abdication of his mother, Queen Beatrix.
King Willem-Alexander and Queen Maxima prepare to leave after their investiture ceremony at New Church on April 30 in Amsterdam. 
The Netherlands has a reputation as a place of tolerance and a high standard of living. However, cracks have been appearing in that facade for a long time.  The Netherlands was once known as a place where multiculturalism was the rule, but the rise of politicians like Pim Fortuyn and Geert Wilders showed that the era of multiculturalism was at an end, as described in an article in Time magazine from 2011: http://www.time.com/time/world/article/0,8599,2080256,00.html


Cracks are also appearing in the Dutch standard of living. Fiscal austerity has hit the Netherlands hard, with small neighborhood businesses and homeowners often feeling the brunt of the budget cuts and loss of value in the housing market.  As noted in a recent article in the Wall Street Journal "With the euro-zone mired in its longest recession in decades, even the so-called core Northern countries are increasingly feeling the pain. ("Euro Zone Core Facing Budget Cuts")

More to come from Amsterdam later this week...


Tuesday, April 23, 2013

The EU, foreign policy and shrinking defense budgets

When Ashton, a member of Britain's Labour Party, took office three and a half...

Catherine Ashton criticized in new report: http://www.spiegel.de/international/europe/report-criticizes-eu-foreign-policy-chief-catherine-ashton-a-895933.html

NATO Secretary General raises concerns about cuts to defense budgets in Europe: http://www.nytimes.com/2013/04/23/world/europe/europes-shrinking-military-spending-under-scrutiny.html?ref=world

EU Defense ministers met this week to discuss the situation in Mali and to prepare for a donor conference: http://www.euractiv.com/development-policy/eu-ministers-prepare-mali-donor-news-519242

German Defense Minister says UK would jeopardize military standing if it leaves the EU  http://www.guardian.co.uk/world/2013/apr/22/uk-military-eu-german-minister

Serbia and Kosovo came to an agreement on a normalization of relations this past week which will allow the two countries to move forward in consideration for EU membership: http://www.eeas.europa.eu/top_stories/2013/190413__eu-facilitated_dialogue_fr.htm

Some context from Bloomberg: http://www.bloomberg.com/news/2013-04-23/kosovo-deal-shows-the-eu-deserved-its-nobel-prize.html


Monday, April 22, 2013

The Euro Crisis, Populism and Disparities

Beppe Grillo













An article in Public Service Europe argues that populism is making the Euro Crisis "more combustible": http://www.publicserviceeurope.com/article/3363/populism-making-euro-crisis-more-combustible

Meanwhile, a study on wealth in the EU came to the very surprising conclusion that Germans are some of the poorest in the EU: http://www.nytimes.com/2013/04/16/business/global/study-on-wealth-fuels-euro-crisis-debate-in-germany.html?pagewanted=all&_r=0


The Poverty Lie from Der Spiegel : http://www.spiegel.de/international/europe/poor-germany-it-is-time-for-a-debate-on-euro-crisis-burden-sharing-a-894398.html

German Chancellor Angela Merkel argued that the figures cited in the article were distorted: http://www.bloomberg.com/news/2013-04-19/merkel-says-german-wealth-gap-with-southern-europe-is-distorted.html

Meanwhile, the spring meetings of the IMF and World Bank led to calls for Europe to do more to spur growth in the flagging EU economies: http://www.nytimes.com/2013/04/22/business/global/europe-heeding-international-call-to-do-more-to-spur-growth.html

Sunday, April 14, 2013

Death of Margaret Thatcher brings tributes and jeers

Margaret Thatcher passed away Monday, April 8th, after a stroke.  The tributes began pouring in immediately after her passing was announced:
http://www.washingtonpost.com/blogs/post-politics/wp/2013/04/08/obama-and-others-mourn-margaret-thatcher/

The song "Ding Dong the Wicked Witch is Dead" from the movie "The Wizard of Oz" has flown off the shelves since her passing, creating a dilemma for BBC radio on whether they should play the song if it gets to the top of charts - this has led to a variety of responses:

http://www.huffingtonpost.co.uk/2013/04/12/ding-dong-thatcher-row-nigel-farage_n_3067496.html?utm_hp_ref=uk-politics

Meanwhile, the New York Times Editorial Board critiqued the current approach to the Euro crisis:
http://www.nytimes.com/2013/04/15/opinion/europes-bitter-medicine-of-austerity.html?_r=0

And to illustrate the point...a new Euro-skeptic party held its first party conference in Germany: http://www.telegraph.co.uk/news/worldnews/europe/germany/9993551/German-equivalent-to-Ukip-angry-at-Nazi-jibes-from-southern-Europe.html

Sunday, April 7, 2013

Cyprus to Portugal to Slovenia - from one crisis to another

Portugal's Constitutional Court President Joaquim Sousa Ribeiro (4th R) walks in front of members of the court as he arrives to address a news conference in Lisbon April 5, 2013. Portugal's constitutional court announced its ruling on this year's budget austerity measures on Friday. REUTERS/Hugo Correia (PORTUGAL - Tags: POLITICS BUSINESS)

The Portuguese high court has annulled several components of the Portuguese governments austerity budget, leading to a new crisis:
http://www.dw.de/constitutional-court-rejects-parts-of-portugals-budget/a-16724591

As a result the prime minister, Pedro Passos Coehlo, has proposed deep cuts in social security, health, education and public enterprises:
http://www.bbc.co.uk/news/world-europe-22058461

The European Commission issued a statement regarding the situation on Sunday:
http://www.businessinsider.com/europe-issues-sunday-night-statement-amid-new-situation-in-portugal-2013-4

Capitol controls continue in Cyprus, and there are ongoing concerns that they may still end up leaving the Euro zone: http://www.bbc.co.uk/news/business-22002153 

Meanwhile, Slovenia may be the next country needing a bailout, with the small country being compared to Cyprus: http://www.bloomberg.com/news/2013-04-07/slovenia-bailout-signaled-by-worsening-debt-swaps-euro-credit.html

It is a gloomy end to the weekend, and it will likely show in the markets this week: http://www.businessinsider.com/portugal-and-growth-cause-euro-gloom-2013-4

Treasury Secretary Jack Lew heads to Europe to push for growth policy: http://www.nytimes.com/2013/04/08/business/economy/in-europe-lew-will-press-for-more-growth-less-austerity.html 
 and more on Lew's trip:
http://www.cnbc.com/id/100621964