Government’s excavator in your backyard
It is good that the debate on the expropriation with the concerns of a possible reduction in the protection of property has been revived once again. The same scenario has taken a place few years…
New Definitions
The ECB cut basic rates last week to proceed with verbal interventions this week as well. Mario Draghi said that they are ready to cut interest rates again if needed and they will accommodate the…
Is there any Grecovery or Spainovery?
Besides strong public statements from EU Commission bosses that EU is in turning point in crisis the reality is much worse. You can find one example in Greece. Public Power Corporation has reported last week…
We Are Not Still Better Off
Euro zone finance ministers backed a 10 billion euro bailout for Cyprus and the European Commission would try to help the island’s economy grow again with better use of EU structural funds. First tranche of…
You could bet. Will it be Spain or Italy which breaks the Eurozone first?
Outcome of Italian elections has caused a chaos within the Eurozone. European leaders were honestly sad because of stalemate political situation in Italy. You could see during first days of the week how sentiment and…
China is biggest danger for financial world
Germany’s Constitutional Court confirmed as expected the legality of the euro zone’s bailout fund that approved the legality of the European Stability Mechanism (ESM). The court stated that the 700 billion euro fund did not…
EU’s serious problem: High taxes
The European Union remains an area of high taxes. This claim is not a distorted point of view from the right-wing perspective, but an opening statement of the latest analysis conducted by Eurostat and the European…
Fiscal cliff remains unsolved
Britain started to flirt explicitly about the EU leaving scenario. President Obama´s administration was forced to admit after that it is the America’s national interest to have Britain as a part of the EU. These…
ECB Confirmed Recession
At Bratislava´s meeting the Governing Council of the ECB rewrote the monetary history of Eurozone. Council decided to lower basic interest rates to 0.5 % starting from May 8th 2013. It is nothing else just…
Italian Votes Impair Economic and Political Stability in Europe
Recent Italian general election has triggered fears not only at European level, but worldwide. An early election was held on February 24-25 as a result of resignation of then Prime-Minister, Mario Monti, after Silvio Berlusconi’s…