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Institute INESS invites you to an international conference Cutting Deficits, devoted to a very hot topic – fiscal consolidation. The conference takes place on 9th October 2012 at the conference venue of Park Inn Danube Hotel Bratislava, Slovakia. Public spending of EU governments stagnated in the year 2011, an exceptional situation in the last 10 years. Even the crisis did not lead to public spending reduction, only to a slow-down of the spending growth. Deficits…

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The Southerners don’t want any help, but they keep sinking deeper and deeper. Will the Neo-Nazis lead Europe? Japanese QE worked for 9 hours. It seems that ECB can complete construction of its new residence before the Eurozone falls apart. If only there wasn’t this inflation… Eleven Ministers of Foreign Affairs agreed on what is supposed to save Europe. If you guess the answer is deeper integration then you got it right. Apart from the traditional…

picture: EuroCrisisExplained.co.uk

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 news from Southern Europe: Greece will need a third bailout.  According to the country’s representative in the negotiations of…

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The Hot Wednesday wasn’t that hot after all. Greece denies need for the third bailout package. Spaniards don’t want any bailouts either. Rompuy has a plan. Americans don’t want to be left behind. The Judgment Day came, but it didn’t bring any shocking surprises. Bailout mechanism is not against the Constitution in Germany and the parliament can ratify it. The opponents got a little gift at least, the court forbade automatic ESM increasing over the initia capacity,…

picture: DonkeyHotey

National security has become a pretext for the introduction of protectionism in international trade. The United States use this policy to protect its market. It means a serious restriction of access to U.S. market for traders from abroad. The European Union expressed concern over this situation and warns against the creating of barriers to international trade. “Cannot justify restrictions on trade and investment based on national security if they are in fact protectionist and serve…

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Is the last fortification falling down? Spain used backup. American debt can ask for a driving license. And Bulgarians are ungrateful. Silly season ended in a big style. ECB decided on its meeting last week to resurrect the program of purchasing bonds of the problematic states under a new label. Forget SMP, here comes new and better OMT – Outright Monetary Transactions! Apart from bubbles of active oxygen, it also offers lack of limits, sterilization and consolidation….

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Friedrich Naumann Foundation has a pleasure to invite all interested to the Open Day at the German Embassy in Warsaw, which will take place on September 15,2012 from 12.00 to 18.00. Friedrich Naumann Foundation’s representation will be present at the Embassy to provide information about its activities and answer all possible questions. When: September 15,2012 12.00-18.00   Where: German Embassy Jazdów 12 00-467 Warszawa   More information here.  

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In Spain it will be hot after the summer. Judgment day will be on September 12. Did you sell grandfather’s gold teeth in Italy? We are treating depression by delivering news about bad situation our neighbours are in. The heat is slowing down the pace of society, but if you think it will slow down the pace of the crisis in the Eurozone, you’d better check if you don’t have sunstroke. Even though the news…