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+France has declared a state of economic emergency – threatens EU recession Zeronian 16 |
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+Zeronian, Sarkis. "France Declares State of Economic Emergency." Breitbart News. January 20, 2016. Accessed August 30, 2016. http://www.breitbart.com/london/2016/01/20/france-adds-state-of-economic-emergency-to-security-situation/. JD |
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+As investor sentiment plunges across the world, President François Hollande of France has unveiled an economic plan to deal with what he describes as his country’s “state of economic emergency”. Setting out a new €2 billion (£1.5 billion) job creation plan for France, the socialist leader said the country is facing an “economic and social emergency” as well as an “uncertain economic climate and persistent unemployment”, reports the BBC. Recently President Hollande said that the social emergency in France, caused by unemployment, was as every bit as serious as the emergency caused by terrorism. In his annual speech to business leaders he reinforced that idea, prioritising his response to it. “Our country has been faced with structural unemployment for two to three decades,” he said, “and this requires that creating jobs becomes our one and only fight.” France’s unemployment rate has soared to an 18-year high of 10.6 per cent, against a European Union average of 9.8 per cent and 5.4 per cent in Britain. Facing re-election next year an increasingly desperate President Hollande proposes to pay French employers to hire young unemployed people as a means to restore confidence in his country’s “broken” economic model, one which is marred by low output and stagnant growth. France’s state of economic emergency was declared at the same time as Germany faces its most difficult start to a year in recent memory, reports The Express. With consumer confidence plummeting, industrial production growth in the EU’s biggest economy has slipped to zero per cent. Germany and France are the eurozone’s two biggest economies, and two of the six largest economies in the world. Economists have warned that if the French and German economies collapse the ensuing domino effect would bring down the entire eurozone and severely damage the global economy at a time when it is already under considerable stress. Some are even warning that with the downturn in China a global recession is now more likely than at any time since the 2008 financial crisis. |
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+France is too reliant on nuclear power to ban it – Hollande’s broken promises prove Broomby 14 |
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+Broomby, Rob. "France Struggles to Cut down on Nuclear Power." BBC News. January 11, 2014. Accessed August 30, 2016. http://www.bbc.com/news/magazine-25674581. JD |
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+The Fukushima disaster led many countries to rethink their view on nuclear energy. Germany plans to abandon it altogether, but French President Francois Hollande also wants to cut nuclear output sharply - by a third in 20 years. It's a big ask in a country that now relies on nuclear for 75 of its electricity. If fully implemented, the pledge would force the closure of up to 20 of the country's 58 reactors according to Professor Laurence Tubiana a former government adviser who the president asked to facilitate a national debate, paving the way for what they call la transition energetique. This would be a huge step, but Tubiana describes it as a "logical evolution". France realised that Japan had survived economically when all its atomic power stations were shut down because of its diverse energy mix. In Japan, before the disaster, nuclear power delivered about 30 of the country's electricity, but France is hugely dependent not only on nuclear, but on a single generation of nuclear power stations. It is vulnerable to a "generic risk", according to Tubiana, where a problem with one reactor could force them all offline for the fault to be fixed. This would cause chaos. She says the 20 reactors closed in the "transition" could be replaced by renewable energy, which she says would maintain French energy independence and be both "stable and secure". So far, however, the government has only earmarked one power station for closure - the ageing plant at Fessenheim on the German border - which prompts some to question the government's commitment to Hollande's promise. There is evidently reluctance in cabinet. Industry Minister Arnaud Montebourg is on record as saying that Fessenheim will be the only nuclear power station to close. On a visit to China in December he reassured his audience that nuclear energy was a "sector of the future" and would continue to contribute "at least 50" of France's electricity output. |
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+Eurozone decline causes global economic collapse Kreitner 11 |
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+Kreitner, Ricky. "Serious People Are Starting To Realize That We May Be Looking At World War III." Business Insider. August 08, 2011. Accessed August 31, 2016. http://www.businessinsider.com/serious-people-are-starting-to-realize-that-we-may-be-looking-at-world-war-iii-2011-8. JD |
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+Daniel Knowles of the Telegraph has noticed a similar trend. In a post titled, "This Really Is Beginning To Look Like 1931," Knowles argues that we could be witnessing the transition from recession to global depression that last occurred two years after the 1929 market collapse, and eight years before Germany invaded Poland, triggering the Second World War: "The difference today is that so far, the chain reaction of a default has been avoided by bailouts. Countries are not closing down their borders or arming their soldiers – they can agree on some solution, if not a good solution. But the fundamental problem – the spiral downwards caused by confidence crises and ever rising interest rates – is exactly the same now as it was in 1931. And as Italy and Spain come under attack, we are reaching the limit of how much that sticking plaster can heal. Tensions between European countries unseen in decades are emerging." Knowles wrote that post three days ago. Since then it has become abundantly obvious that Europe will soon become unwilling or unable to continue bailing out every country with a debt problem. Meanwhile, the U.S. economy continues to chug along, to the extent it is chugging at all, on the false security offered by a collective distaste for one ratings agency and its poor mathematics. That can't continue forever. The next few months will show SandP's downgrade to have been too little and too late, rather than too drastic and too soon. The Eurozone will fall apart. The American political crisis will only worsen; the "super-committee" will utterly fail, true to design. Soon enough, we may all wake up to a "reckoning" truly deserving of the name. |
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+Econ collapse leads to escalating instability and nuke war. Harris and Burrows 09 |
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+Harris and Burrows, 9 – *counselor in the National Intelligence Council, the principal drafter of Global Trends 2025, **member of the NIC’s Long Range Analysis Unit “Revisiting the Future: Geopolitical Effects of the Financial Crisis”, Washington Quarterly, http://www.twq.com/09april/docs/09apr_burrows.pdf) |
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+Increased Potential for Global Conflict Of course, the report encompasses more than economics and indeed believes the future is likely to be the result of a number of intersecting and interlocking forces. With so many possible permutations of outcomes, each with ample opportunity for unintended consequences, there is a growing sense of insecurity. Even so, history may be more instructive than ever. While we continue to believe that the Great Depression is not likely to be repeated, the lessons to be drawn from that period include the harmful effects on fledgling democracies and multiethnic societies (think Central Europe in 1920s and 1930s) and on the sustainability of multilateral institutions (think League of Nations in the same period). There is no reason to think that this would not be true in the twenty-first as much as in the twentieth century. For that reason, the ways in which the potential for greater conflict could grow would seem to be even more apt in a constantly volatile economic environment as they would be if change would be steadier. In surveying those risks, the report stressed the likelihood that terrorism and nonproliferation will remain priorities even as resource issues move up on the international agenda. Terrorism’s appeal will decline if economic growth continues in the Middle East and youth unemployment is reduced. For those terrorist groups that remain active in 2025, however, the diffusion of technologies and scientific knowledge will place some of the world’s most dangerous capabilities within their reach. Terrorist groups in 2025 will likely be a combination of descendants of long established groups inheriting organizational structures, command and control processes, and training procedures necessary to conduct sophisticated attacks and newly emergent collections of the angry and disenfranchised that become self-radicalized, particularly in the absence of economic outlets that would become narrower in an economic downturn. The most dangerous casualty of any economically-induced drawdown of U.S. military presence would almost certainly be the Middle East. Although Iran’s acquisition of nuclear weapons is not inevitable, worries about a nuclear-armed Iran could lead states in the region to develop new security arrangements with external powers, acquire additional weapons, and consider pursuing their own nuclear ambitions. It is not clear that the type of stable deterrent relationship that existed between the great powers for most of the Cold War would emerge naturally in the Middle East with a nuclear Iran. Episodes of low intensity conflict and terrorism taking place under a nuclear umbrella could lead to an unintended escalation and broader conflict if clear red lines between those states involved are not well established. The close proximity of potential nuclear rivals combined with underdeveloped surveillance capabilities and mobile dual-capable Iranian missile systems also will produce inherent difficulties in achieving reliable indications and warning of an impending nuclear attack. The lack of strategic depth in neighboring states like Israel, short warning and missile flight times, and uncertainty of Iranian intentions may place more focus on preemption rather than defense, potentially leading to escalating crises. Types of conflict that the world continues to experience, such as over resources, could reemerge, particularly if protectionism grows and there is a resort to neo-mercantilist practices. Perceptions of renewed energy scarcity will drive countries to take actions to assure their future access to energy supplies. In the worst case, this could result in interstate conflicts if government leaders deem assured access to energy resources, for example, to be essential for maintaining domestic stability and the survival of their regime. Even actions short of war, however, will have important geopolitical implications. Maritime security concerns are providing a rationale for naval buildups and modernization efforts, such as China’s and India’s development of blue water naval capabilities. If the fiscal stimulus focus for these countries indeed turns inward, one of the most obvious funding targets may be military. Buildup of regional naval capabilities could lead to increased tensions, rivalries, and counterbalancing moves, but it also will create opportunities for multinational cooperation in protecting critical sea lanes. With water also becoming scarcer in Asia and the Middle East, cooperation to manage changing water resources is likely to be increasingly difficult both within and between states in a more dog-eat-dog world. |