Saturday, November 21, 2009

Assignment 5: Evaluation of the EUP Minor

ASIS goes Europe!”

Looking back to September ‘09 conjures a smile on my face by realizing how naïve and immature I have been while even thinking of European Union. My idea of it, as I understand now, just comprehended mainly the geographical aspects, the gratuity of the Schengen Area that allowed me, as a non-EU person, to travel all around while having a single visa and, of course, the aspect you recognize every single day, if you are luckily not wrathfully damaged by the occurred crisis – the €uro currency.

However, my “Euro world” has drastically changed after about first 5 minutes of the introduction lecture given by our appreciated lecturer of economics and EUP Minor coordinator Mr. J. Frencken.
Suddenly I have heard about some institutions, legal aspects and was confused by the question ‘Who is this?’ and the appearance of a picture featuring the President of the European Commission Mr. J.M. Barroso. Ironically, the only thing I share with that particular situation now is the ‘Shame on me!’ thought.

The upcoming weeks intended to be very busy starting from the first day featuring numerous group projects, lectures and meetings. Nevertheless, some of the students were happily blinded by the time-schedule screamingly showing just 6 hours a week divided into 3 days! However, the timetable of a part-time education has had to be balanced with, in my case, hours and hours of reading, writing and learning. Maybe because I have always been trying to do more than requested and luckily did not consider making a U-turn. The ambiguity of the first classes has incrementally transformed into a certain knowledge and has widen my horizon by making me alert to see that I am certainly interested in some particular subjects such as politics and law that were not previously mentioned on my interests’ list. Surviving the midterm test as well as the main written exam we have moved on by going on ‘ASIS goes Europe!’ excursion that has opened my eyes and made me realize the significance of EU institutions even more. We were lucky to have visited the essential EU institutions such as Commission, House of Provinces, Committee of Regions in Brussels as well as the Parliament where we appreciated a lecture given by one of the Dutch MEP’s, Mrs. In ‘t Veld, and were able to feel very important by observing a Plenary Meeting in Strasbourg. While being in the significant city for all the German and French inhabitants, we have visited the European Court of Human Rights where we attended a hearing and have had an extremely interesting lecture given by the Dutch judge. But that was not enough; therefore, we have moved to Luxembourg and attended a lecture at the European Investment Bank. The excursion and its astonishing organization have overwhelmed my expectations and have widened my prospective.

The second part of the semester has brought us more group projects, more lectures and training sessions. In addition to the economical, political and law subjects, we have had two weeks of finance explaining us the process and the significance of Mergers & Acquisitions as well as the corporate governance in regard to the EU and amassed by the 2nd midterm test. The upcoming weeks will concentrate on some legal aspects of competition and will be rounded up by an oral exam based on the individual project.
Hence, we were able to appreciate the courses in Ethics and Negotiations as well as Debating.
In my opinion, the Minor has been extremely informative as well as challenging; it has widen my horizon by far, has taught me more than I have expected and, finally, has contributed to my personality by shaping my future goals and ambitions.

Of course there should be a negative part otherwise it would seem to be a miracle!
In my opinion, the main issue lecturers and students have to suffer from, is the lack of time caused by the means of needed re-organization i.e. abolishment of a month by having been required to finish everything by the middle of December rather than end of January. That led to some overstressed situations, tight deadlines and significant work overload for the lecturers. Many students can argue whether one or another course or project has been necessary, but in my opinion, we all should appreciate the opportunity given to us that, in fact, cannot be appreciated by every student in the country! Hence, in regard to the overstressing situations – I may quote my favorite saying: ‘Where is a will, there is a way!’

I would like to thank the highly qualified staff of ASIS and all my ‘classmates’ for a pleasant cooperation within this period of time and would like to wish you all the success you presume in the future!

Saturday, October 24, 2009

Assignment 4: Happy Birthday One Year Old!


The review on the worldwide credit crisis

Speaking about the worldwide credit crisis, many people would blame the “bloody” October 15th 2008 flagging the collapse of world’s giant bank Lehman Brothers that was culminated by the HBOS, owner of the Britain’s biggest mortgage lender Halifax, having its shares being the biggest fallers in London. Most of discussions concern mainly the “honest and innocent citizens being robbed by the ugly American bankers”. But is it the right way to see it and, more important - from the perspective of the innocent ones, to handle it?
In this article I would like to consider the background of the crisis and damages citizens had to get used to, followed by reaction of the European leaders and developments undertaken by governments finally rounded up with my personal view on this subject.

It is more adequate to say that the credit crisis was born on October 15th 2008 by being sired much longer before, like every other healthy baby, by at least two parties. The tickling bomb has exploded indeed on that particular day and was realized by other inhabitants by observing the pictures of NYSE brokers walking down the Wall Street packed with their office belongings and screaming about their jobs “being screwed”. The employees have been worried not to get paid this month, and as they were shown later – anymore, caused by the FTSE 100 index of leading shares plunged by 5% and letting the Lehman giant getting to know the Article 11 of bankruptcy very closely. Still, this was the effect of the long term preparation in terms of bankers’ greed and people’s tendency to remain blind. The greed led to more mortgages given to more financially unstable and unperceptive families wanting to finally own “the house of their dreams”. After time, the number of inefficient payers grew as well as the market supply of the houses overtaken by investors as the result of force major mortgage deals that led to dramatic price subsets on the real estate markets. Now, not being able to afford their homes and turned down by frozen credit markets that were anyway suffering from the great ideas of credit default swaps, people just had to face the moment of truth i.e. loss. The bankers themselves lost their jobs, banks filed for bankruptcy and lawyers were busy studying the Article 11. This all had a spiral effect on wellbeing of worldwide banks and their creditors resulting by the end a pretty same outcome. And what did others? They all went to their banks and insistently tried to pick all they have saved causing a faster turn of the spiral in direction of nowhere.

The reaction of the world leaders was different and identical at same time. The American President, by that time Mr. G. W. Bush, reacted with $700 billion bail-out for the financial sector. While speaking about EU we speak about 27 Member States sharing limits to act collectively due to the individual responsibility on banking supervision and market regulation as it was shown by the summit in Paris. The common statement was that “no German or Estonian is going to accept Brussels spending his money to rescue a Greek bank”. Thus the idea of EU rescue fund of €300 billion proposed by the French President Mr. Sarkozy was not meant to become reality. Followed by numbers of leading companies going bankrupt, the governments stepped in by helping out i.e. buying over the objects. The one year anniversary was celebrated by the visit of the new President of the United States, Mr. B. Obama, to the Wall Street insuring the audience to face the upcoming restricting policies, more detailed supervision and bonus cuts for the bankers. The European leaders reacted in tandem unanimously by issuing policies forcing the development towards better bank transparency. Some countries seem to get out of recession using their own resources and policies while others remain suffering from increasing unemployment rates, low PPS (Purchase Power Standards) and unfortunate currency exchange rates.

To capture the review, I would like to add my opinion on this matter. I think there is always a need to take a look at the problem from different points of view. It is absurd to blame either bankers or citizens, better the human nature itself. Not only the greed is able to cause disasters such like this, but also the naivety based on the unwillingness to learn and to appreciate the reality. This crisis is not the first and not the last one. Hopefully there would be certain willingness to learn from it. I see it as a sort of a modern situation of Noah’s Ark – very unpleasant, but useful to show the people the limits of their powers and to make them realize the wrong development.
To conclude, as Mr. Richard Quest would say by the end of his so-called program (“Quest Means Business”, CNN): “No matter what you are up to, make sure it is profitable!”



Hereby you can find a video featuring The Explanation of Credit Crisis by J.Jarvis in a very modern and entertaining way. Those 11 minutes required will be surely worth spent - ENJOY!



Saturday, October 10, 2009

Assignment 3: Commentary on a news article


"Europe's Relief After Irish Vote Yes"
Europe October 5, 2009, 11:54 AM EST, BusinessWeek.com



Those Europeans being whether involved in EU politics or just appearing to be interested were surely sensing that something essential was about to happen on the 3rd October 2009. The long-time ‘event’ took place in the so-called ‘heart of Europe’ on the early Sunday morning that challenged its folks to make a major decision not only in regard to their nation but the European society as a whole. Yes, the Irish voted for the second time on the future of the Lisbon Treaty with a positive outcome. Nevertheless, who will be in advantage and who under the greatest pressure the upcoming days? By reviewing the article posted on the BusinessWeek.com website and highlighting the background, worldwide reactions followed by the view on future outcomes, I would like to conclude with my personal opinion on this matter.

The European main decision-takers, the EU Commission, Council and Parliament, has been experiencing a lasting controversy while trying to persuade the Member States to act unanimously and confirm the next step of major changes towards deeply converged European Union.
After the refusal of common Constitution, Reform Treaty taken place in Lisbon in 2007 had almost to face the same outcome. By that time, only Ireland has voted against it, leaving fellow Member States waiting for Ireland to decide again in 2009. As it is stated in the article, results showed 61.7 % votes in favour of the new rules, while 39.9 % still have been against them.

The decision has not only been relieving for Brussels. By reading the quotes featured in the article, it can be seen that not only EU leaders, such as Commission President Jose Manuel Barosso and Swedish leader and current head of the EU Fredrik Reinfeld, but also the Irish Prime Minister Brian Cowen, have been speaking about ‘having a great day for Europe and a great day for Ireland’. Now, after having received the green light from Ireland, Europe is still waiting for its new ‘neighbours’ Poland and Szech Republic. The signatures of the two leaders of states are lacking under the Treaty that already passed the national parliaments. In response to the Irish U-turn, Polish President Lech Kaczynski has already indicated to sign it soon. It looks like EU could breathe out… Nevertheless, Szech leader, after having stated he might wait ‘til the end’ and for the Constitutional Court to decide, was nowhere to find. It is predictable that he may experience great pressures as well as strict supervision in the near future.

The emotional and clear depiction of the matter in the article makes the intentions of EU as well as its leaders and the great importance of ‘great news’ clearly understandable. Nevertheless, I have been missing some facts regarding the background and development of the Treaty. In my opinion, the article might not be understandable for everyone having different stage of knowledge regarding EU and its procedures. Speaking about the issue itself, I surely think it is a major step for Europe towards its integration that is more than required since the major enlargements during the past decades. The changes the Treaty brings are of a great importance, such as elimination of the 3 Pillar system of EU by making the Human Rights charter legally binding, creation of President of the EU Council and increasing the involvement of EU Parliament in legislative processes.
I can only join the leaders by saying: “It was clearly a great day for Europe and a great day for Ireland!”


Please find the whole article on the following website:

Sunday, September 27, 2009

Assignment 2: Breda, The Netherlands - a great place to visit!

"What to do in Breda?"
Firstly, I would like to say that it might not be a great surprise to learn that Olga is not a going-out-every-night type of a student. Therefore, I would appreciate giving a floor to all numerous experts among others to describe the occasions and places-to-be at a night time.

In my turn, I fancy to provide an insight into daytime activities you might enjoy.
Breda is a city with a rich historical background. To experience that, you might be willing to explore the noteworthy sights such as the Castle of Breda – that was built in the 12th century and nowadays hosts the Royal Military Academy; the Great Church or The Church of Our Lady – positioned right in the centre of Breda, being built in the 12th century and known for its spire touching almost 100 meters in high as well as beautifully restored paintings and interior; to name few.

The city is also notorious for various festivals and street fairs happening nearly all year round.
The most known are Breda Barst Festival (September) featuring numerous DJs’ and bands’ performances; Jazz Festival (May) representing bands all over the world playing live music; Carnival Fairs (February) being fun for those who enjoy clothing in costumes and watching the parades on the streets of Breda; Harley Day (August) representing hundreds of Harley Davidson vehicles, band performances and various competitions; RedHair Day (August) for those who share the gift of the nature; and many more fitting every
individual’s taste.
Nevertheless, Breda offers a large number of restaurants and cafes located in the centre and especially at the Terrace of Breda where you can have a drink or a tasteful meal enjoying the nice view on the beautiful buildings surrounding the place. In few minutes of walk you can already reach the Valkenberg Park where you can explore the nature and unwind next to a charming lake.
Furthermore, if you might feel like “rocking the town”, surely you
should go to the central bars, for instance “Walkabout”, “Dos Amigos”,
“Three Sisters”, to name few, offering a nice party atmosphere and great assortment of beverages for each taste.
In my opinion, Breda is a wonderful city with a pleasurable atmosphere and a great place to visit!

Hereby some links of the occasions mentioned in the text:

http://www.bredabarst.nl/
http://www.carnavalbreda.nl/
http://www.bredajazzfestival.nl/
http://www.harley-dag.com/
http://www.bredabarst.nl/
http://www.roodharigen.nl/
http://www.dosamigosbreda.hyves.nl/
http://www.walkaboutcafe.nl/









Saturday, September 5, 2009

Assignment 1: Review on the documentary “The Secret: The Law of Attraction”

“You attract what you think about whether you want it or not”

The movie “The Secret” has been based on the corresponded book written by Rhonda Byrne and produced by Prime Time Productions later on in the year 2006. It can be acknowledged as a self-help documentary that features interviews of professionals and authors in fields of quantum physics, coaching, theology, philosophy, finance, feng shui and medicine speaking about their experiences supporting the main theme of the movie: The Law of Attraction.

As described in the film, the unawareness of this “law” can lead to, for us, unpredictable circumstances, the way the knowledge of this “law” has supported and led successful and pleased people on their ways to great achievements they have mastered. According to the movie, the most powerful tool we own are our thoughts. Nevertheless, it is up to us how we decide to use them. The positive thoughts as well as the negative ones are to be heard by the Universe and therefore may lead to pleasurable or less satisfying results. This “law” of attracting the happenings in our lives has been assigned as the determination of our desires and comes in line with the opinions of the scientists mentioned above.

Critically seen, the fundamental idea of the movie does not appear innovative, but accompanied by the great production, including the opinions of intellectual and famous individuals and referring to the quotes of the greatest leaders of our era, it is not only an efficient use of time but also a great movie to see. It was a motivating experience that contributed to my comprehension and was delightful to watch!

Here you can find the 3 fundamental motivating beliefs mentioned in the movie:

“Know what you want and ask the universe for it.”
“Feel and behave as if the object of your desire is on its way.”
“Be open to receiving it.”

Public review:The Secret is reportedly being discussed in "e-mails, in chat rooms, around office cubicles, [and] on blind dates". It is recognized as having a broad and varied impact on culture and is likened to a "Hollywood phenomenon". — New York Post

For detailed information visit the official website of the movie: www.thesecret.tv

Wednesday, September 2, 2009

Welcome to Olga's EUP - Minor Blog!

Herewith I would like to welcome everyone to my European Policies - Minor Blog!

This should be my first experience in blogging. Therefore, I would do my best in order to prevent you from yawning- and snoring-activities while reading my posts.

Enjoy reading and please feel invited to add your comments, suggestions and any ideas you want to share!
Greetings,
Olga