Un leader europeo attacca il piano di stimoli americano
● NYT: Scarsi segnali che la UE stia formando una leadership politica corrispondente al suo peso economico.
● La crisi economico-finanziaria ha fatto emergere le divergenze nella Ue sulla spesa con aumento del deficit, tassi di interesse ed eventuale sostegno ai nuovi paesi membri dell’Est Europa.
o GB (come Usa) ha intrapreso forti misure di stimolo all’economia e tagliato i tassi di interesse;
o Germania e Francia si sono opposte ad altri pacchetti di stimolo; la BCE ha mantenuto il tasso di sconto più alto di quello in Usa e GB.
o Germania ed alcuni paesi Est Europa hanno respinto la richiesta ungherese per la creazione di un fondo unico per l’Est Europa.
o A sottolineare le divergenze UE le dichiarazioni del primo ministro ceco, Topolanek, attuale presidente Commissione UE, ha bollato il pacchetto di stimoli USA come “strada verso l’inferno” che “minerà la stabilità del mercato finanziario internazionale”. Il governo di coalizione di Topolanek è caduto ad inizio settimana, sotto la pressione dell’opposizione che chiede maggiore spesa interna.
o Nel timore di una forte crescita dell’inflazione, condividono le critiche di Topolanek alti esponenti tedeschi e molti altri paesi europei.
Disaccordo tra Obama e gli europei sul rilancio
– Il primo esponente UE a rifiutare la richiesta americana di maggior spesa statale a sostegno dell’economia è stato il ministro Finanze tedesco, Peer Steinbrück:
la Germania ha di recente aggiunto un pacchetto di €50MD ai €31 già varati, pari complessivamente al 3,1% del suo Pil, il maggior piano di rilancio del dopoguerra, e il maggiore dell’area euro.
By STEVEN ERLANGER and STEPHEN CASTLE
– PARIS — The European Union’s crisis of leadership during the economic downturn was thrown into sharp relief on Wednesday, as the current president of the 27-nation bloc labeled President Obama’s emergency stimulus package “a way to hell” that will “undermine the stability of the global financial market.”
The blunt comments by the Czech prime minister, Mirek Topolanek, whose country holds the rotating presidency of the union, came just a week before a crucial meeting of the Group of 20 that was called to show global solidarity in fighting the recession. The comments were greeted with embarrassment by many Europeans who believe that the Czech leader does not represent a European consensus.
– What made the situation even more trying for those who hope that the European Union[e] might find a common voice in this crisis was that Mr. Topolanek’s own governing coalition collapsed on Tuesday. The Czech opposition party, which favors bigger increases in domestic spending during the slump, won a no-confidence vote on his leadership.
– Despite widespread fears that European nations could prolong the current recession unless they act in concert with one another and the United States, the slump has highlighted differences over deficit spending, interest rates and possible bailouts for new union[e] members in the East.
– There are few signs that the alliance is developing the political leadership to match its economic weight.
– Britain, like the United States, has undertaken an aggressive fiscal stimulus and slashed interest rates.
– But Germany and France have opposed calls for further large stimulus packages and even greater deficit spending, while the European Central Bank has kept interest rates higher than they are in the United States and Britain.
– Germany and even some Central European countries opposed calls by Hungary for the creation of a single rescue fund for heavily indebted countries in Eastern Europe.
Visiting the United States on Wednesday, Gordon Brown, the British prime minister, said there was “far more agreement” among world leaders than recent reports suggested.
“I believe that now, for the first time, global leaders recognize the need to cooperate,” he said during a question-and-answer session at New York University.
– Even so, Mr. Topolanek’s comments during a speech to the European Parliament underscored unresolved differences. The country holding the revolving presidency is supposed to speak for Europe as a whole, and Mr. Topolanek will go to the Group of 20 meeting in London as the European president. The Group of 20 comprises 19 industrialized and emerging countries and the European Union. Numerous other Europeans are to attend, including the head of the European Commission, José Manuel Barroso, and the leaders of individual countries like France, Germany, Britain, Italy and Spain.
Mr. Topolanek will also host Mr. Obama in Prague a few days later at a United States-European Union[e] summit meeting.
– Jiri Paroubek, the leader of the Social Democrats in the Czech Parliament, who called Tuesday’s vote of no confidence against Mr. Topolanek, accused him of making an undiplomatic gaffe. “In my view, it is extremely impolite and undiplomatic toward President Obama, who we will host in less than two weeks’ time,” he said.
– Europeans themselves are well aware of the leadership problem, having painfully negotiated a new constitution, which European voters rejected. They then forged the Lisbon Treaty, which will create a permanent European president and foreign minister, and which was supposed to go into effect on Jan. 1. But the Lisbon Treaty, which requires the votes of all member states, was rejected by Irish voters last June, giving the Czechs their turn in the six-month rotating presidency.
– While the Irish are expected to vote again in the fall, Mr. Topolanek’s own government has not ratified the treaty, either. Even though he is likely to remain in office through June, when the Czech presidency of the union[e] ends, his government’s defeat will make it harder to ratify the treaty. The Irish foreign minister, Micheal Martin, said in Dublin that the Czech problems would make Ireland’s effort to ratify “a bit more complex.”
Mr. Topolanek’s remarks were considered impolitic, with the German leader of the Socialist group in the European Parliament, Martin Schulz, telling him, “You have not understood what the task of the E.U. presidency is,” and describing his comments as “not the level on which the E.U. ought to be operating with the United States.”
A Czech spokesman said that Mr. Topolanek meant to say that the European Union[e] would be on the way to hell if it increased its own spending too much, rather than predicting that the United States was doomed.
– Mr. Topolanek is not alone in his concern that Mr. Obama’s stimulus package, which will push the United States budget deficit this year to 10 percent or more of gross domestic product, will put a huge strain on global financial markets. German officials have also criticized the evolving American program, and many other European nations have declined to create fiscal stimulus programs anywhere near as large as that of the United States, arguing that too much extra money will lead quickly to inflation.
There are also disagreements between the United States and the Europeans about how much emphasis to place on fiscal stimulus as opposed to enhanced regulation of finance and tax havens. Even so, participants have been making progress on a communiqué that will signal a rough consensus on principles in London on April 2, officials from both sides say.
They expect that there will be enough in the final communiqué about the need for fiscal stimulus to satisfy Washington, with Europe ready to do more if its first package of spending does not do enough, and that there will be enough about the need to beef up regulation and international oversight to satisfy the Europeans.
A senior European Union[e] official, also speaking on condition of anonymity because of the embarrassing nature of the issue, said everyone hoped to de-emphasize the trans-Atlantic dispute over fiscal policy. “We don’t think we need it, we don’t think the world needs it and we don’t think it makes sense,” the official said.
– Katinka Barysch, deputy director of the London-based Center for European Reform, said that Mr. Topolanek had undermined a consensus that was carefully forged at last week’s European Union[e] summit meeting in Brussels. “The E.U. had made some progress towards a coherent position,” Ms. Barysch said. “He has undermined that.”
Analysts in Prague said that Mr. Topolanek was eager to show that he was still politically relevant. They noted that some countries, like the Czech Republic, which emerged from decades of Communism, were deeply suspicious of state intervention in the economy.
Steven Erlanger reported from Paris, and Stephen Castle from Brussels. Dan Bilefsky contributed reporting from Prague.
«Sans une stabilisation du système financier, il ne faut pas compter sur une reprise économique durable», affirme Ben Bernanke, le président de la Réserve fédérale. Crédits photo : AP
– Avant le G20 du 2 avril, Paris et Berlin veulent plus de régulation des marchés alors que Washington prône une relance plus massive. Le président américain Barack Obama se dit «optimiste».
À trois semaines du G20 à Londres, Européens et Américains se disputent l’ordre des priorités, même si Barack Obama se dit «optimiste» quant à un succès de ce sommet. Alors que les Européens veulent des «résultats concrets» sur la réforme du capitalisme financier, notamment sur les paradis fiscaux ou les «hedge funds», les États-Unis jugent que l’urgence est ailleurs. «Le monde souffre de la pire crise financière depuis les années 1930», affirmait, mardi, Ben Bernanke, le président de la Réserve fédérale.
– Les États-Unis ne sont pas opposés à l’instauration de nouvelles règles financières réclamées par les Européens. Ils estiment juste que cela ne doit pas être la priorité du G20. «À court terme, les gouvernements doivent continuer à prendre des mesures énergiques et coordonnées pour restaurer le fonctionnement normal des marchés financiers et des marchés du crédit», affirme le patron de la Fed, en faisant allusion aux plans de sauvetage bancaires qui se multiplient de part et d’autre de l’Atlantique, sans être toujours bien coordonnés.
– Sur le fond, Ben Bernanke reconnaît la faillite «des systèmes privés et publics de gestion du risque». Il plaide pour une «réforme de la régulation et de la supervision financière qui doit être coordonnée à l’échelle internationale». Mais dans l’immédiat, c’est le sauvetage des banques qui lui importe. «Sans une stabilisation du système financier, il ne faut pas compter sur une reprise économique durable», insiste Ben Bernanke, alors que le FMI prévoit pour 2009 la première contraction de l’économie mondiale depuis 1945.
Le patron de la Fed et le secrétaire au Trésor, Tim Geithner, retrouvent leurs homologues du G20 samedi, à Londres, pour une réunion préparatoire au niveau des ministres de Finances. La rencontre s’annonce mouvementée.
Arbitré par les Britanniques, le débat entre Européens et Américains porte sur la réponse à la crise. Paris et Berlin demandent plus de régulation. Washington réclame une relance plus massive. «Le G20 doit se concentrer sur la demande mondiale.
– Le monde a besoin de plus demande», insiste Larry Summers, conseiller économique de Barack Obama, dans un entretien publié, lundi, par le Financial Times.
– Champions de la relance, avec un plan de 787 milliards de dollars (5,6 % du PIB), les États-Unis exhortent les Européens à dépenser plus. Les Vingt-Sept ne consacrent pas plus de 1,5 % de leur PIB à la cause. En comptant large, la Commission chiffre l’effort budgétaire de l’UE à 3,3 % du PIB, ce qui reste deux fois moins important qu’aux États-Unis.
Réunis à Bruxelles, les ministres européens des Finances ont fermement rejeté l’appel américain. «Nous ne sommes pas prêts à augmenter les paquets conjoncturels que nous avons ficelés», a déclaré Jean-Claude Juncker, président de l’Eurogroupe. «Nous ne voulons pas donner l’impression que nous serions en train de réfléchir à la mise en œuvre de nouveaux paquets conjoncturels», a ajouté le premier ministre luxembourgeois.
– Le ministre allemand des Finances, Peer Steinbrück, a été le premier à rejeter la requête américaine. «Nous devons déjà mettre en place ce que nous avons décidé», a indiqué Peer Steinbruck, rappelant que l’Allemagne vient d’adopter une enveloppe de 50 milliards d’euros, qui s’ajoute à un premier effort de 31 milliards d’euros, soit le plus vaste plan de relance de l’après-guerre en Allemagne, et le plus important au sein de la zone euro (3,1 % du PIB).
La France n’est pas restée à l’écart du débat déclenché par les Américains. «Les États-Unis devraient être plus modestes dans leurs leçons, car la crise vient de chez eux», estimait Patrick Devedjian, ministre en charge de la Relance, mardi sur Canal +.
Pris entre deux feux, les Britanniques penchent, à la veille du G20, en faveur des États-Unis. «Au regard de la crise économique mondiale la plus grave et la plus globale depuis des générations, les gouvernements devraient être préparés à faire davantage», estimait mardi le chancelier de l’Échiquier, Alistair Darling, dans le Guardian.