More centralization
ECB decided not to make any changes to the policy and all rates remained unchanged. Mario Draghi said that ECB sees 0.6 % decline in GDP within Eurozone in 2013 and some downsides risks persist…
The Workforce Is Here. In Public Offices.
Slovak companies are trying to deal with the pertaining lack of workers in several distinct ways. They are desperately flicking through the official lists of the relatively large army of the unemployed. Foreign workers are…
We Need Reforms
The European Central Bank warned about the risk of a renewed banking crisis. The main reasons behind are the euro zone’s slumping economy and a surge in problem loans. The logic is simple. Prolonged recession…
Decriminalise job creation!
The new government is here, despite its unpopularity by a great deal of the public and has already its first formative essay, named the Government Manifesto. Its importance tends to be overrated, despite that in…
Future of Money 3.0 – monetary policy and cashless society
Monetary policy is one of the most important issues among any other EU issues. Last week Bratislava again had the honor of hosting and witnessing some of the world’s leading experts at the conference entitled…
The Rise of Germany and Uncontested Queen of economic Europe
A few days ago “Le Monde” has leaked an official document of the French Socialist Party blaming European center-right governments of “cynicism and blind austerity”. The primary subject of the document was Chancellor Angel Merkel,…
Jan Oravec: The creation of personal retirement accounts in Slovakia
The story of the creation of personal retirement accounts in Slovakia cannot be told simply by presenting plain facts, irrespective how impressive the quick facts above are. There are two major reasons for that. Firstly,…
Striptease of Spanish banking sector. No salaries for Senate and House members in the US.
The situation in the EU is fixed thus at least according to some European leaders. But last figures show us that the most powerful motor of the EU economy – Germany is slowing down and…
We will print to eternity
There were two most important news of the last week. First one was the FED´s meeting we mention above. The FED will continue with purchasing of mortgage-backed securities and long term treasuries in $85 billion…
The End of ‘Cuba without the Sun’?
The story of a birth, short existence and doom of the ‘millionaire tax’ in France is very instructive in many ways and that is why it deserves much more attention than we have paid to it till…