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#Post#: 17--------------------------------------------------
The most important space agencies
By: seo chandna Date: September 3, 2023, 5:37 am
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Indebtedness leads to the "alienation of the State", that is,
the national State ceases to be an autonomous agent of authority
and representation of the will of its people.22. Ukraine had to
participate in the sale of war bonds and use numerous
internationally available rapid financing mechanisms to pay for
the war effort when aid was insufficient, each with its
conditions and further limitations. What can the eu do ? The urc
2022 Ukraine Recovery Conference (convened in the Swiss city of
Lugano on July 4-5, 2022) outlined the dimensions of Ukraine's
revival, which sounds promising.
But the means do not coincide with the objectives, that is, the
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will have difficulties to finance or
attract enough private investment and direct it where it is most
needed: an amount of 750,000 million dollars23. Discussions
revolve around its articulation following the Marshall Plan,
which was a success due to cash grants and loans and the
recipient's prudence in spending. European countries often used
this money to buy essential goods such as wheat and oil and to
rebuild factories and homes.24. A similar plan would need to be
(re)designed and implemented for Ukraine, in line with EU best
practices and standards on labor rights, public services and
environmental protection.
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For that to happen, a series of changes need to occur that I
describe below. Ukraine's extraordinary situation calls for
large-scale international assistance in multiple aspects, the
cancellation of state and household debt, and new loan
conditionality to facilitate "fiscal activism", i.e. measures
aimed at stabilizing economic cycles through the discretionary
use of fiscal policy. Austerity is uneconomic and
anti-ecological even in times of peace, not to mention in times
of war25.
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