tag:blogger.com,1999:blog-2650609952674727820.post9047562261956866843..comments2024-03-27T15:55:32.875+01:00Comments on W-wa Jeziorki: On Governance, Institutions and CivilisationMichael Dembinskihttp://www.blogger.com/profile/05657728002439035765noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-2650609952674727820.post-24931871762152896402014-02-25T08:11:51.066+01:002014-02-25T08:11:51.066+01:00A key issue is going to be the true state of Ukrai...A key issue is going to be the true state of Ukrainian banks. This is an area where experience has shown that the free market does not work.<br /><br />And in case anyone accuses me of statism may I say that I do not believe that any bank is too large to fail. If a bank gets into difficulty then the shareholders should lose their investment as a penalty for failure to ensure corporate governance. Just like any other business bankrupcy should loom and the more prudent will be able to pick up the bank assets and liabilties.<br /><br />The governments role is to create a framework within which all players are equally protected.<br /><br />Which brings me back to the Ukraine. How to achieve the squaring of the circle and ensure sufficient liquidity to allo businesses to flourish.<br /><br />As an immediate clear singal to Putin all trade barriers and customs duties for Ukrainian exports to the EU should be abolished.<br /><br />And the Polish government might care to introduce 100% first year capital allowances for Polish businesses investing in the Ukraine (just like Germany did for investment into former Comecon countries at the beginning of the 90's.AndrzejKnoreply@blogger.comtag:blogger.com,1999:blog-2650609952674727820.post-15762877024444745352014-02-24T23:36:58.623+01:002014-02-24T23:36:58.623+01:00Singapore is not a democracy.
And what happend to ...Singapore is not a democracy.<br />And what happend to the security treaty between Poland,Lithuania and the Ukraine after Germany objected to NATO membership a few years ago ?<br /><br />Regards, AlexanderAlexandernoreply@blogger.com