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News of 2011

Participants to the VII International Act of the RACEF propose that the EU open itself up in order to accelerate an exit from the crisis

24/11/2011

Participants to the VII International Act of the Real Academia de Ciencias Económicas y Financieras (RACEF), which was held this afternoon in Barcelona under the title of “Decide today in order to create the future of the Mediterranean” coincided with the fact that the countries of the Mediterranean region and its area of influence, even outside the frontiers of the European Union and of Europe itself working together, would allow for an acceleration of the process of leaving the crisis behind as it would open up new markets. The 10 statesmen, economists and researchers from as many countries who took part also stated that there should be a new framework of cooperation between the countries of the northern and southern shores of the Mediterranean and the ex European Soviet republics which would ease the flow of investments and labour within a framework of a common economic policy which would contribute specific solutions to the problems of each country.

Aumann advises the future Spanish Government to implement a strong policy of tax reduction in order to get out of the crisis

10/11/2011

Robert J. Aumann, Nobel Prize winner for Economy in 2005, has insisted in Barcelona today that the candidates to the Presidency of the Spanish Government undertake a serious policy of tax reduction to take Spain out of the crisis and to generate employment. “To reduce taxes is not a neo-liberal mandate, it goes much further than any policy, it is pure logic – stated  Aumann-; if you increase taxes you encourage tax payers to cheat and to reduce their tax paying activities. If you lower taxes, you favour tax collection and end up by collecting more”. Aumann made these statements prior to his induction as Corresponding Member for Israel of the Real Academia de Ciencias Económicas y Financieras of Spain (RACEF).

Investiture

08/11/2011

Alfredo Rocafort, Academician and Secretary of the Real Academia de Ciencias Económicas y Financieras of Spain (RACEF) was invested “Chevalier” of the “Confrérie de Tastevins de Clos de Vougeot” on last November 5. The Solemn Session took place at the Castle of Clos de Vougeot, in the Bourgogne, headquarters of the Confrérie.

Romania awards its National Order to the President of the RACEF, Jaime Gil Aluja and to academician José Casajuana

15/10/2011

 The President of Romania, Traian Basescu, awarded the National Order of Merit with the rank of Commander to the President of the Real Academia de Ciencias Económicas y Financieras of Spain (RACEF) Jaime Gil Aluja for the support for the introduction of a new economic thought in the country and his studies for easing the incorporation of Romania into the European Union, and to academician José Casajuana Gibert for his work in the organisation of the International Seminar “Penser l’Europe” which the RACEF and the Romanian Academy organise in Bucharest with the French Institute, the French Institute of International Relations and the Royal Academy of French Language and Literatures of Belgium.

Kydland and Maskin suggest a single fiscal and budgetary authority for the EU

10/10/2011

Nobel Prize winners and Corresponding Members of the Real Academia de Ciencias Económicas y Financieras of Spain (RACEF) Finn E. Kydland and Eric Maskin have suggested to the European Union that a single authority should regulate the fiscal and budgetary policies of member states, as occurs with the monetary policies. Kydland and Maskin made these statements at the International Congress Salamanca Social Sciences Festival (S3F) which was held between the 6th and the 9th of October.

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