Unexpected news came from Scandinavia last week. Sweden will have lower corporate tax rate than Slovakia! Last Thursday Swedish government announced its intention to lower tax rate from 26,3% to 22% in order to „strengthen climate for investments and growth“ in the country. Well, even Scandinavian socialism is not what it used to be. Truly shocking…
It is still working. Mario Draghi just explained what ECB board council was discussing and markets jumped on this verbal game. ECB let basic rates unchanged and board had just discussion about unconventional measures as QE. Draghi also explained that it does not mean that it will be used in a short term period but…
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 states are now in recession, with France being the newest significant member of that club. The only country with growth…
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 about prospects for growth and added that Syria situation could lead to some geopolitical risks. The rates remain record low.…
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 slow and inefficient judiciary system. We belong among other 59 countries where economic freedom decreased this year. On the other…
Deflation in Eurozone is considered as a real and big problem. ECB officials are willing to consider dramatic steps to fight against it, suggesting that the bank is prepared to use negative interest rates or direct purchases of government or private-sector debt. Even the Bundesbank chief Jens Weidmann was not as strong as we are…
Detmar Doering, Director of Liberales Institut, Germany Conference “Future of Money” was organized by F.A. Hayek Foundation in cooperation with Friedrich Naumann Stiftung and M.R. Stefanik Conservative Institute on December 2nd 2011.
German elections – actually the most important EU election – ended by the victory of Angela Merkel. On the other hand the election ended with the defeat of strong right wing policy. It seems that Merkel is willing to create a strong big coalition with German socialist and as it is in politics it means…
ECB´s declaration to buy any bond on secondary market or Dragi´s “whatever it costs” is still strongly rooted in the minds of investors. Otherwise it will not be so positive for Italy which is again in some political crisis once the Prime Minister Mr. Letta has declared that he is prepared to resign. But Italians…
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 violate the law system of Germany. All politicians and public representatives considered the verdict as „a good decision“ both for…