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<DIV dir=ltr><FONT size=2 face=Arial>----- Forwarded Message -----<BR><B><SPAN style="FONT-WEIGHT: bold">From:</SPAN></B> "Eric Weiner, INET" &lt;Eric_Weiner_INET@mail.vresp.com&gt;<BR><B><SPAN style="FONT-WEIGHT: bold">To:</SPAN></B> dharao4@yahoo.co.uk <BR><B><SPAN style="FONT-WEIGHT: bold">Sent:</SPAN></B> Thursday, 16 August 2012, 16:26<BR><B><SPAN style="FONT-WEIGHT: bold">Subject:</SPAN></B> Leading European Thinkers Debate ICEC Statement<BR></FONT></DIV><WBR>
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<DIV style="MARGIN: 0px"><A href="http://cts.vresp.com/c/?InstituteforNewEcono/c56e464876/4a6f2ba2fa/55b58f69d8/utm_content=dharao4%40yahoo.co.uk&amp;utm_source=VerticalResponse&amp;utm_medium=Email&amp;utm_term=&amp;utm_campaign=Leading%20European%20Thinkers%20Debate%20ICEC%20Statement" rel=nofollow target=_blank><SPAN style="FONT-FAMILY: arial, helvetica, sans-serif"><IMG style="WIDTH: 600px; DISPLAY: block; HEIGHT: 216px" title=newsletter_inetcouncil_1 border=0 hspace=0 alt=newsletter_inetcouncil_1 src="http://img-ak.verticalresponse.com/media/8/d/9/8d99468beb/c56e464876/cbff0be56c/library/newsletter_inetcouncil_1.gif" width=600 height=216></SPAN></A></DIV></TD></TR>
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<DIV><SPAN style="FONT-FAMILY: arial, helvetica, sans-serif; FONT-SIZE: 18pt"><B><A style="TEXT-DECORATION: none" href="http://cts.vresp.com/c/?InstituteforNewEcono/c56e464876/4a6f2ba2fa/96063c9527/utm_content=dharao4%40yahoo.co.uk&amp;utm_source=VerticalResponse&amp;utm_medium=Email&amp;utm_term=Leading%20Euro%26nbsp%3BThinkers%20Debate%20ICEC%20Statement&amp;utm_campaign=Leading%20European%20Thinkers%20Debate%20ICEC%20Statement" rel=nofollow target=_blank><SPAN style="COLOR: #063e61">Leading Euro&nbsp;Thinkers Debate ICEC Statement</SPAN></A></B></SPAN></DIV>
<DIV style="MARGIN: 0px"><WBR><SPAN style="COLOR: #666666"><SPAN style="FONT-SIZE: 10pt"><SPAN style="FONT-FAMILY: arial, helvetica, sans-serif"><SPAN style="TEXT-ALIGN: justify; LINE-HEIGHT: 14px">The July 23 statement by the INET Council on the Euro Zone Crisis (ICEC) made waves throughout Europe and had a major impact on the economic policy discussion. But it was also the subject of much debate. <B><A style="COLOR: rgb(94,115,54); TEXT-DECORATION: none" href="http://cts.vresp.com/c/?InstituteforNewEcono/c56e464876/4a6f2ba2fa/405b9b6fd9" rel=nofollow target=_blank>One of these critiques</A></B> came from Heiner Flassbeck, a director at the United Nations Conference on Trade and Development. INET’s <B><A style="COLOR: rgb(94,115,54); TEXT-DECORATION: none"
 href="http://cts.vresp.com/c/?InstituteforNewEcono/c56e464876/4a6f2ba2fa/598f7262b4/utm_content=dharao4%40yahoo.co.uk&amp;utm_source=VerticalResponse&amp;utm_medium=Email&amp;utm_term=Rob%20Johnson%20responded&amp;utm_campaign=Leading%20European%20Thinkers%20Debate%20ICEC%20Statement" rel=nofollow target=_blank>Rob Johnson responded</A></B> to the criticism, saying that he “welcomes the challenge of such a creative thinker.” Johnson then delved into Flassbeck’s insights into the euro zone crisis and <B><A style="COLOR: rgb(94,115,54); TEXT-DECORATION: none" href="http://cts.vresp.com/c/?InstituteforNewEcono/c56e464876/4a6f2ba2fa/fa459b24c2/utm_content=dharao4%40yahoo.co.uk&amp;utm_source=VerticalResponse&amp;utm_medium=Email&amp;utm_term=Flassbeck%20replied&amp;utm_campaign=Leading%20European%20Thinkers%20Debate%20ICEC%20Statement" rel=nofollow target=_blank>Flassbeck replied</A></B> to Johnson on the INET Blog by more deeply exploring his
 suggestion that changes in wages and productivity – and the unneighborly German economic policies that drove them – were at the heart of what created the crisis.<BR><BR><B><A style="COLOR: rgb(94,115,54); TEXT-DECORATION: none" href="http://cts.vresp.com/c/?InstituteforNewEcono/c56e464876/4a6f2ba2fa/3667d1ac32/utm_content=dharao4%40yahoo.co.uk&amp;utm_source=VerticalResponse&amp;utm_medium=Email&amp;utm_term=Read%20the%20Exchange%20Here&amp;utm_campaign=Leading%20European%20Thinkers%20Debate%20ICEC%20Statement" rel=nofollow target=_blank>Read the Exchange Here</A></B></SPAN></SPAN></SPAN></SPAN></DIV></DIV></TD></TR>
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<div style="LINE-HEIGHT: 1.3; MARGIN: 0px; COLOR: rgb(65,64,66)"><BR><SPAN style="FONT-FAMILY: arial, helvetica, sans-serif"><SPAN style="COLOR: #666666"><SPAN style="FONT-SIZE: 9pt">Four INET grantees (<B><A style="COLOR: rgb(94,115,54); TEXT-DECORATION: none" href="http://cts.vresp.com/c/?InstituteforNewEcono/c56e464876/4a6f2ba2fa/c1263eb5bd/utm_content=dharao4%40yahoo.co.uk&amp;utm_source=VerticalResponse&amp;utm_medium=Email&amp;utm_term=Roman%20Frydman&amp;utm_campaign=Leading%20European%20Thinkers%20Debate%20ICEC%20Statement" rel=nofollow target=_blank>Roman Frydman</A></B>, <B><A style="COLOR: rgb(94,115,54); TEXT-DECORATION: none" href="http://cts.vresp.com/c/?InstituteforNewEcono/c56e464876/4a6f2ba2fa/25de234c76/utm_content=dharao4%40yahoo.co.uk&amp;utm_source=VerticalResponse&amp;utm_medium=Email&amp;utm_term=Michael%20Goldberg&amp;utm_campaign=Leading%20European%20Thinkers%20Debate%20ICEC%20Statement" rel=nofollow target=_blank>Michael
 Goldberg</A></B>, <B><A style="COLOR: rgb(94,115,54); TEXT-DECORATION: none" href="http://cts.vresp.com/c/?InstituteforNewEcono/c56e464876/4a6f2ba2fa/700c9c5947/utm_content=dharao4%40yahoo.co.uk&amp;utm_source=VerticalResponse&amp;utm_medium=Email&amp;utm_term=S%26oslash%3Bren%20Johansen&amp;utm_campaign=Leading%20European%20Thinkers%20Debate%20ICEC%20Statement" rel=nofollow target=_blank>Søren Johansen</A></B>, and <B><A style="COLOR: rgb(94,115,54); TEXT-DECORATION: none" href="http://cts.vresp.com/c/?InstituteforNewEcono/c56e464876/4a6f2ba2fa/f72e23976d/utm_content=dharao4%40yahoo.co.uk&amp;utm_source=VerticalResponse&amp;utm_medium=Email&amp;utm_term=Katarina%20Juselius&amp;utm_campaign=Leading%20European%20Thinkers%20Debate%20ICEC%20Statement" rel=nofollow target=_blank>Katarina Juselius</A></B>)&nbsp;have joined forces to examine the issue.<BR><BR>In this&nbsp;latest&nbsp;installment of INET's&nbsp;series<BR><B><A style="COLOR: rgb(94,115,54);
 TEXT-DECORATION: none" href="http://cts.vresp.com/c/?InstituteforNewEcono/c56e464876/4a6f2ba2fa/ffa687d1bc/utm_content=dharao4%40yahoo.co.uk&amp;utm_source=VerticalResponse&amp;utm_medium=Email&amp;utm_term=30%20Ways%20to%20Be%20an%20Economist&amp;utm_campaign=Leading%20European%20Thinkers%20Debate%20ICEC%20Statement" rel=nofollow target=_blank>30 Ways to Be an Economist</A></B>, each shares how they came to study this innovative topic in new economic thinking and what it means to research imperfect knowledge and non-routine change.</SPAN></SPAN></SPAN></div>
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<DIV><SPAN style="FONT-FAMILY: arial, helvetica, sans-serif; FONT-SIZE: 14pt"><B><A style="TEXT-DECORATION: none" href="http://cts.vresp.com/c/?InstituteforNewEcono/c56e464876/4a6f2ba2fa/4a2fde9571/utm_content=dharao4%40yahoo.co.uk&amp;utm_source=VerticalResponse&amp;utm_medium=Email&amp;utm_term=Are%20Economists%20at%20Fault%20for%20Recent%20Crises%3F&amp;utm_campaign=Leading%20European%20Thinkers%20Debate%20ICEC%20Statement" rel=nofollow target=_blank><SPAN style="COLOR: #063e61">Are Economists at Fault for Recent Crises?</SPAN></A></B></SPAN></DIV>
<div style="LINE-HEIGHT: 1.3; MARGIN: 0px; COLOR: rgb(65,64,66)"><BR><SPAN style="FONT-FAMILY: arial, helvetica, sans-serif"><SPAN style="COLOR: #666666"><SPAN style="FONT-SIZE: 9pt">In a <B><A style="COLOR: rgb(94,115,54); TEXT-DECORATION: none" href="http://cts.vresp.com/c/?InstituteforNewEcono/c56e464876/4a6f2ba2fa/06b1c98d4d" rel=nofollow target=_blank>recent interview</A></B>, INET Advisory Board member and Executive&nbsp;Director for Financial Stability at the Bank of England <B><A style="COLOR: rgb(94,115,54); TEXT-DECORATION: none" href="http://cts.vresp.com/c/?InstituteforNewEcono/c56e464876/4a6f2ba2fa/07b304822b/utm_content=dharao4%40yahoo.co.uk&amp;utm_source=VerticalResponse&amp;utm_medium=Email&amp;utm_term=Andy%20Haldane&amp;utm_campaign=Leading%20European%20Thinkers%20Debate%20ICEC%20Statement" rel=nofollow target=_blank>Andy Haldane</A></B> took aim at the economics profession.<BR><BR>“I think one of the great errors we as economists
 made in pursuing that was that we started believing the assumptions of economics, and saying things that made no intellectual sense,” Haldane said</SPAN></SPAN></SPAN></div>
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