Furious Merkel
Does Europe remains focused on austerity and structural changes as its preferred strategy to deal with crisis? Most likely not. Why? The European Union statistics office on Wednesday noted that nine of 17 euro-zone member…
They’ll leave again
So it happened. Finally. The recession is over. The 0.3 % growth is considered as the end of it. Not so hurry. Cautious is also Mari Draghi who said that he is very, very cautious…
Nothing is weaker than strong Brussels rules
The Governing Council of the ECB decided that main interest rates will remain unchanged. The reasons behind the decision were facts as repayment of 22% of the LTRO program which reflects to improvements in financial…
The Government has deployed a weapon of mass destruction
Increasingly, we can see that the government declares something, but in practice does the exact opposite. There is not almost a single day without some governmental representative claiming that the priority for government is to tackle…
The Compass is Broken
The world has been slipping further into economic illiteracy over the past five years, with seemingly no country immune. From the United States, ostensibly still a bastion of classical liberal orthodoxy, we have seen rules…
Things the Brits Should Consider for the Big Decision
The British PM has announced his plans of letting the Brits decide on “Britain in the EU” on referendum. David Cameron promises to do so in case Conservative party forms winning coalition in 2015 national…
After Cyprus
The rescue package for Cyprus finally consists of a 10 billion euro bailout from the ESM and it has one crucial condition of taxation all deposits larger than 100,000 euros inflicting significant losses for depositors…
We are globally freer
Index of Economic Freedom was released last week. Slovakia was 57th down 15 places from previous year. The main reason behind decline of economic freedom in Slovakia was higher taxation, non-flexible labor market regulation and…
The EU leaders shamefully wasted five „Greek“ years
Emergency euro summits being organised at the last minute. EU leaders discussing new proposals until late night. A conclusion is reached in the early morning: „we need another emergency summit“. This is how it looked five…
Euro Will End in 5 Years
European Commission President Barroso started to criticize the austerity measures that the EU has imposed on the mainly Southern European members states in economic crisis. He stated that while the policy may be „fundamentally right,“…