David Cameron just bought time.
The ECB announced that half of the LTRO participants – 278 banks voluntarily pay back € 137 billion to the ECB. LTRO is the ECB´s lending program worth a little…
Čítať viacAnd then He said: Euro! Face down! So it happened.
Let’s begin with currency wars once again. Why? It is a real current issue. Look. Francois Hollande urged partners within euro zone at the beginning of the week that strong…
Čítať viacIs Uber a ground-braking innovation or a dishonest competition?
Arrival of Uber, which provides a cheaper alternative compared to a traditional taxi services, has stirred up a debate in Slovakia. The participants are two camps divided by two completely…
Čítať viacIntroducing Athena++, the first and only complex plan of school reform in Slovakia
The current state of the Slovak education system makes us all feel nothing but miserable. Teachers are being pushed to the borders of their frustrations by bitterly low wages and…
Čítať viacOrwellian budget
The government budget for 2014? Welcome to 1984! That’s how the discussion about the 2014 government budget proposal could be summarised. Reality in stark contrast to official claims, that was…
Čítať viacFreedom and Happiness
When I first sat down to write this blog, I had in mind an idea to look at the concept of ‘freedom’ and describe how crucial it is to develop…
Čítať viacBarroso has declared victory
It was the week of central banks announcements. But frankly speaking nothing new has happened. ECB let rates unchanged and so to say the Bank of England. Mario Draghi admitted…
Čítať viacPower of Central Banks Moved By Markets
Mario Draghi verbally intervened once again and does not hesitate to tell anything. He said that the ECB is considering further non-standard monetary policy tools and will deploy them if…
Čítať viacBe Careful What Money You Have in the Bank
The last week meeting of EU finance ministers brought about new rules on bank collapses. The new rules are definitely inspired by Cyprus event. Under the new regime, banks‘ creditors…
Čítať viacECB four-flush
We already know that ECB is prepared to use so called OMT mechanism to buy on secondary markets government bonds in trouble. The only thing we know is that ECB…
Čítať viac