EU MEMBER STATES FISCAL CONSOLIDATION 2013

To: The Right Honourable The European Parliament President Mr. Martin Schulz

From: Athinarayanan Sanjeevraja

Date: June 19, 2013

RE: Eurozone Member States Government Wage Bill

Suggestion: Adopting country specific context of expenditure consolidation and tax expenditure to eurozone fiscal consolidation.

Good Morning Mr. President. Let me start by paying my respects to you and through you to. Mr. President. I am writing to the European Parliament since 2009. My recommendation to the European Parliament that we need to adopt to the country specific context of expenditure consolidation and tax expenditure to overcome the current challenges because options for expenditure consolidation and tax expenditure differ by country. Fiscal rules are less common in most of the member states. Some member states need to reduce deficits rapidly other have more room for manoeuvre. In addition, analogous fiscal rule do not support major crisis or recession in government finances but country specific institutional features will play a determinant role to fiscal consolidation in the short run. When all EU Member States comes under EU rules of 3 percent budget deficit limit and 60 percent debt to GDP limit we will impose analogous fiscal rule for all EU Member States. I recommended this policy my last year working paper but we didn’t implement this policy. European Parliament said that we need analogous fiscal rule for all member states. Indeed, analogous fiscal rule is vital for member states but not now. I still believe that analogous fiscal rule would not help European economies to overcome the current challenges in the short run because member states have different public expenditures and tax expenditures. But we can implement analogous pension reform for all EU member states to fiscal consolidation.

Mr. President, please accept, your Excellency, the assurances to reduce deficit and public debt of EU member States by adopting country specific context of expenditure consolidation and tax expenditures. This would turn out to be Europe’s biggest step forward to ensure fiscal consolidation and bring public finances back to sustainable path in the short run.

Sincere Regards,

Athinarayanan Sanjeevraja.

Athinarayanan Advisory Authority

Athinarayanan Twitter

Comments

THANK YOU NOTE TO FORMER CHIEF JUSTICE OF INDIA DR A S ANAND

To: The Hon’ble Dr. Justice A.S. Anand, Former Chief Justice of India & Empowered Committee Chairman From: Athinarayanan Sanjeevraja Date: Wednesday, July 25, 2012 RE: Thank you and the members of Empowered Committee and the five judge constitution Bench of Supreme Court Judges. My lord, please accept my heartfelt thank you and the members of Empowered Committee and the five judge constitution bench of Supreme Court Judges on behalf of myself and all of the people in Tamilnadu for saving lakhs of farmers in the southern districts of Tamilnadu and the fine report you made. I wish you continued success in what you are doing my lord. The completion of the remaining judgement on Mullaperiyar will require Dharma. Every judgement should apply Dharma. Dharma should not be destroyed in any of our judgement. My lord, As you knew that “ according to lease agreement indenture granted full right, power and liberty to the Tamilnadu to construct make...

ISRAEL-IRAN-SYRIA CONFLICTS

To: The Right Honourable Israel Prime Minister Mr. Benjamin Netanyahu, From: Athinarayanan Sanjeevraja Date: May 09, 2018 RE: Israel – Iran – Syria Conflicts Suggestion The Honourable Prime Minister Mr. Benjamin Netanyahu, I am writing this letter to you on Israel air strike in Syria yesterday. You are trying to do everything possible to stop Iranian bases in Syria. Do you believe that Iran is building permanent bases inside Syria or close to Israel? How much land has Iran captured or taken from Syria? My answer is none. But you are openly threatened Iran. Let me put it very clearly to you, there are no winners with war but losers are there. I agreed that you have strongest military force on earth. You could easily arrange a favourable peace treaty with Syria and Iran but you don’t want to negotiate with the Syria and Iran. Israel could not exist as a permanent aggressor without US. It is my humble request you to negotiate peace treaty with Syria and Ir...

Nagorno-Karabakh conflict

To put things into perspective, Nagorno-Karabakh is not an independent entity but an occupied territory of the Azerbaijan Republic and is recognised by the international community and the UN. The fact that the Armenian Prime Minister's son is doing his military service in the Armenian army located in Azerbaijan's Nagorno-Karabakh and started an undeclared war against Azerbaijan, occupied Nagorno-Karabakh and 7 adjacent regions of Azerbaijan, and massacred and forcefully deported Azerbaijani aborigines was the main reason for the lack of peace in the region. The laws of armed conflict failed to protect the Nagorno-Karabakh civilian population, individual civilians, and civilian property. The laws of armed conflict failed to discriminate between those taking parts in the fighting in Nagorno-Karabakh. The laws of armed conflict failed to protect the environment as war causes severe or long term damage to the environment. The fact here is that there is a number of international doc...

Search This Blog