We had two announcements of central banks in the Europe. First was Bank of England with a new boss Mr. Carney. Second was ECB. The Bank of England mentioned that forward guidance and intermediate thresholds would likely be considered at the August assessment which means some change of monetary policy but otherwise there were no…
What was not successful strategy in Germany was successful in Austria. For the first time a pure euro skeptic party founded by billionaire Frank Stronach will enter into the Austrian parliament, with 5.8 percent of total votes. It seems that euro skepticism is a one of the new political movement connected with the outcomes of…
When there are no good news in short term let´s create them in the long term. This is definitely slogan of all politicians. European commission for example predicted very slow growth for the EU and 0.3 % contraction for the euro club. BUT we should expect better tomorrows as usually in the long term. The…
F. A. Hayek Foundation in association with partners Friedrich Naumann Stiftung and Entrepreneurs Association of Slovakia would like to invite you to a seminar with international participation called Alternative Scenarios of EU in Future. If you would like to take part in this seminar, RSVP by e-mail zps@zps.sk, or telephone 02 / 59 32 43…
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 market confidence, weak GDP outcomes in 2012 and anchored inflation with estimation of 1.8 percent in February. The Bank of…
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 — possibly up to 40 percent. EU officials have stressed that this measure was a „unique step“ in Cyprus. But…
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,“ it had „reached its limits.“ In the short-term, „a stronger emphasis on growth“ is needed. Look at the beauty of…
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…
Entrepreneurs and corporate leaders of small and large businesses from Sweden, Germany and Great Britain have spoken. Their message to the member states and EU officials is clear: we either reform or we are condemned to an economic downfall. Among the signatories of the appeal, which was published in November in the Swedish, German and British…
The most important news of this week was connected with US and debt ceiling debate. But let´s start as usually with Europe. Austerity measures are more and more unpopular. One of the examples is Ireland today. Their budget proposal is not as austerity budget as it should have been. Ireland will drain a further 1.5pc…