Six years in Spain mean six years of falling real estate prices. If you invested in the average Spanish house in 2008, today you have 35% loss on your investment.
If you have problem remembering who the leaving president is I will help you. His name is Herman van Rompuy. The most exciting moment of his 5-year presidency was being called a damp rug by Nigel Farage publicly in European parliament.
Clueless looks of politicians will be once again drawn to the ECB. In addition to reports on starting recession, they are supported also by the legend of deflationary spiral that regularly emerges from monetary depths to destroy the shoots of economic success.
Brussels occasionally gets sober from the intoxication of spectacular goals and strategies, paid by citizens. But sobering means that the goal is slightly less grandiose but in the end, likely purposeless and economically harmless.
Except for few unfortunate ones, high schoolers have already finished their key exams. European banks have not.
The “Flat Tax Era” in Slovakia came to a definite end on 1st January 2013. Corporate tax rate of 23% (highest in the whole Central and East European Countries region by the way) became valid instead of the 19% rate. This was considered to be the last nail in the flat tax coffin.
Greeks are preparing a new emission of their bonds. Although only three years but they should bring 2.5-3 billion euro to the country.
Being a member of the European club is sufficient for common citizen. European institutions and their processes are largely unknown to the voters and they feel no urge to show any opinion, when even the parties are largely ambivalent towards European issues.
Europe is experiencing a boom in the contingent convertible bonds, in the Anglo-Saxon world also dubbed CoCos. These are the bonds which, at a certain point, convert to the shares of the debtor.
On May 1, 2014, the ten years long ban for foreigners on buying land in Slovakia comes to an end. The EU’s philosophy is that the European citizen is at home in every member country of the Union and this entails the possibility to buy an agricultural land. Thus, Slovakia and other member states are obliged to loosen these restrictions.