Spain and Italy should be on the radar
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…
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…
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…
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…
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…
More Debt Means Better Rating
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…
Will be Cyprus Rubicon moment?
I think that the Cyprus situation was a dominant one during the last week. I do not want to bother you with the same information you already read somewhere else…
Italy is the same as Spain
Will the crisis trigger anti-environmental agenda? Who knows but e.g. Antonio Tajani, the European industry commissioner stated that „I am in favor of a green agenda, but we can’t be…
Recession hit the European Union
After the optimistic version that everything is solved in the EU the economy of euro group shrank by 0.6% and EU 27 area was down by 0.5 % in the…
There are still some optimists
It is Christmas time and we do not have for you so many stories. But if somebody thinks that nothing is going on is definitely wrong. The IMF predicts that…