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The European Union – Is the economic euphoria justified?The austerity policies pursued by Mr. Schäuble (and are still pursued by the EU) have had perverse effects. Coordinated fiscal consolidation has not only had substantially larger negative impacts on growth than expected (and advertised), but has actually had the effect of raising rather than lowering Debt-to-GDP ratios. Not only would growth had been higher if such policies had not been pursued, but debt-to-GDP ratios would have been lower. As if the plan of Mr. Schäuble was and is to asphyxiate the European economy…

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Did you know?

that recycling steel saves 75% of the energy that would be used to create steel from raw materials, enough to power 18 million homes?

that Pytheas the ancient Greek explorer, mathematician, astronomer and navigator must have travelled to the American continent at the time of Alexander the Great?

that Pytheas has presence in 41 countries?

that Pytheas through its Soil Water + Life Solutions is probably the only entity world wide that can provide a-no-chimney-no-landfill-solution for the treatment of municipal solid and liquid waste?

that in a lifetime the average European or North American will discard more than 600 times his or her adult weight in garbage and about a ton of trash per person per year?

that of all the restaurants that are opened, 90% of them fail in the first year and of the remaining ones that survive, 90% of those fail in the second year?

that 1 recycled tin would save enough energy to power a television for 3 hours; 1 recycled glass bottle would save enough energy to power a computer for 25 minutes; 1 recycled plastic bottle would save enough energy to power a 60-watt light bulb for 3 hours?

that the Boeotian Hesiod about 3000 years ago theorized on the entrepreneurship typical of the market (an early laissez-faire), identifying the effects of government debasement of the coinage, which causes a decrease in its purchasing power (think Adam Smith, Keynes and post Keynes), arguing about the importance of competition and the importance of justice and the law in order to foster order and harmony in society?

that every year, Americans buy more than 100 million cell phones, yet fewer than 20% of old cell phones are recycled and that recycling just a million cell phones reduces greenhouse gas emissions equal to removing 1,368 cars off the road for a full year?

that annually, the amount of garbage that is dumped in the world’s oceans is three times the weight of fish that is caught from the oceans?

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