By Gregor von Rezzori
A ny assessment Books Original
Set simply after international warfare I, An Ermine in Czernopol facilities at the tragicomic destiny of Tildy, an erstwhile officer within the military of the now-defunct Austro-Hungarian Empire, decided to protect the advantage of his dishonest sister-in-law at any price. Rezzori surrounds Tildy with a bunch of amazing characters, enticing us in a kaleidoscopic adventure of a urban the place not anything is because it appears—a urban of discordant voices, of untamed ugliness and heartbreaking unhappiness, within which, besides the fact that, “laughter used to be in every single place, a part of the air we breathed, a crackling stress within the surroundings, continuously able to erupt in showers of sparks or discharge itself in thunderous peals.”
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Additional resources for An Ermine in Czernopol (New York Review Books Classics)
145 TEU). Although this measure res01ved the precarious situation by allowing one EU state (the UK) to opt out in the area of socia1 policy, it still did not provide an active role for the EU in this field. Responsibility remains primarily with nation states, in particular regarding social protection, the traditional areas of which receive about 90 per cent of all social expenditure in the EU. According to Art. 137, Paragraph 3 of the new EU Treaty, action by the Community in the ·area of social security still requires unanimity from the representative states in the Council of Ministers.
Besides these "economic hopes", there have also been "political hopes" based on the view that EMU is a step towards a political union and enduring peace in Europe l . In the following, however, I shall concentrate on the economic hopes and their social-scientific underpinning. 1 Economic Growth The "scientific foundation" for the hope of an increase in economic growth, and hence in living standards, is based mainly on the following hypotheses derived from traditional macroeconomics, especially from monetary economics and from growth theory: The introduction of a monetary union leads to areduction in exchange rate uncertainty, hence to a decrease in the risk premium of the interest rate and therefore to a decrease in the economy's real interest rate.
Similarly with expenditure on invalidity there is, at first glance, only an extremely weak correlation to the level of development measured by GDP per capita. In 1993, the coefficient of determination in this context reached a value of just 17 per cent. However, to a great extent this weak correlation can be put down to extreme deviations of the value in the Netherlands (at three times the EU average). If one leaves the Netherlands out of the calculations there is a coefficient of determination of 0,47.
An Ermine in Czernopol (New York Review Books Classics) by Gregor von Rezzori