note on the graphs used here

sometime during the third week of March, the St Louis Fed, home to the FRED graphs, changed their graphs to an interactive format, which apparently necessitated eliminating some of the incompatible options which we had used in creating our graphs, and also left us with about half the options we had available and used before the upgrade...as a result, many of the FRED graphs we've included on this website previous to that date, all of which were all stored at the FRED site and which we'd always hyperlinked back there, were reformatted, which in many cases changed our bar graphs to line graphs, and some cases rendered them blank or unreadable... however, you can still click the text links we've always used in referring to them to view versions of our graphs as interactive graphs on the FRED site, or in the case where a graph has gone missing, click on the blank space where it had been in order to view it....


Friday, November 20, 2009

Herman Van Rompuy, the E.U.'s New President

A soft-spoken economist little known outside his home country of Belgium is the unlikely choice to serve as the first President of the European Union. Belgian Prime Minister Herman Van Rompuy — known as Haiku Herman for his love of penning poetry — was chosen Thursday by leaders of the E.U.'s 27 member states to serve as permanent President of the European Council. The low-profile Van Rompuy, 62, emerged as a favorite after former British Prime Minister Tony Blair failed to win over liberal E.U. leaders, in part due to his support for the invasion of Iraq. Though he offers little international experience, Van Rompuy has won praise for bringing stability to his nation's fractious politics and, before that, helping balance its financial books. A strong opponent of Turkey's admission to the E.U., Van Rompuy begins his 2½-year term on Jan. 1.
Fast Facts:
• Born Oct. 31, 1947, in Brussels. Attended Sint-Jan Berchmans College, a Jesuit school in the Belgian capital, before studying philosophy and economics at the Catholic University of Leuven.
• Worked at Belgium's central bank from 1972 to 1975. Became active in the Flemish Christian Democrat party beginning in 1973, and headed the party from 1988 to 1993.
• Served as Belgium's Budget Minister and Deputy Prime Minister from 1993 to 1999. A budget hard-liner, he successfully lowered the country's significant debt load. He later joined Belgium's Parliament, leading the lower house from July 2007 to December 2008. (Read "Why Europe Is Fuming About the Stimulus Package.")
• Appointed Prime Minister in December 2008 — the country's third in less than a year (his predecessor, Yves Leterme, stepped down after nine months amid allegations that his aides exerted improper influence over the dismantling of a major bank). A reluctant leader, he reportedly required 90 minutes of persuasion by King Albert II to accept the position.
• As Prime Minister, his moderate temperament and fair-minded style has helped calm tensions between the nation's rival French- and Flemish-speaking cultures, easing a rift that once threatened to divide the country of 10 million.
• Married with several children and the author of six books on economics and politics. Goes on regular Catholic retreats to the ancient monastery of Affligem Abbey and is known for writing haiku in FlemishRead

Quotes by:
"Turkey is not a part of Europe and will never be part of Europe ... The universal values which are in force in Europe, and which are fundamental values of Christianity, will lose vigor with the entry of a large Islamic country such as Turkey."— During a meeting of the Council of Europe in December 2004 (London Telegraph, Nov. 19, 2009)

more reading:

http://www.npr.org/templates/story/story.php?storyId=120591912&ft=1&f=1004

5 comments:

  1. Interesting this gentleman can bridge differences in Belgum all the while putting the EU 'in a vice' on the Turkish issue...

    and using religion at that!

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  2. I have to think that, whoever he is, he must be a better choice than GW Bush's poodle, Tony Blair.

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  3. The E. U. needs Turkey more than Turkey needs the E. U. A Russo-Turk alliance is in the making. Turkey has become one of the main players in that region. The E.U. will pay dearly if they lose those energy routes. All that does not matter. ---Heinz Kissinger [Dr. Strangelove]. The Pope of the shadows behind the curtain already gave his blessings to Rompuy.

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  4. Agree RZ....the Natural gas an pipelines alone should keep to EU shivering...Ukrain just announced they may default on debt...the stans are hangin on my hairs and if Germany snubs them more the EU will easily go to the bottom of the recovery list...

    **Not a time for ANY COUNTRY to set policies built on Emotions from short-sited bigotry !

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  5. the stans are hangin on BY HAIRS...not mine :-/

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