picture: ConstructionDealMkting

Monsieur Bastiat would be surprised how close to reality is his well-known essay “Petition of the Manufacturers of Candles…” In this paper manufacturers of candles and everything connected with lighting have complained, via a petition, of the intolerable and predatory competition of the Sun. In which they claim to inundate the national market with the light at an unbelievable low price and from their point of view this ruins a whole industry. They require the Members…

picture: ashkyd

On April 16th 2012 the Institute for Market Economics (IME) released a report, analyzing the current regulatory framework and policies for the integration of people with disabilities. The report also proposes positive reform measures that, we believe, will better serve the purpose of full-fledged inclusion of such individuals. The full text (in Bulgarian) is available here. According to the National Social Security Institute (NSSI), annual expenditure on disability pensions financed by the National Social Security…

picture: tatraskoda

An answer to this rather broad question is one of the issues that formed the subject of Alexander Fink´s presentation during the discussion forum on the topic of “East German Transformation and German Public Finance” organised by Liberalni Institut on Wednesday, March 14, 2012.  Before we are able to even tackle this question, it is necessary to put it in to proper context. The first issue that Mr. Fink discussed was the method of evaluation…

lfmi_k

In recent years, the Baltic States have been showcased as an austerity success story. While the whole world has seen countries such as Greece, Spain and Portugal struggling to reduce their public spending, Lithuania has been hailed as an austerity example. Lithuanian success in public spending cuts has been widely acknowledged; yet simultaneous tax increases and their harmful effects have received less attention. Since the end of 2011, however, the country once again found itself…

picture: Vectorportal

The aging Estonia and Europe need to accept that the state has to earn and save before it can spend and must remain within its limits both financially and functionally, writes Jürgen Ligi, the Minister of Finance. Right now, large English language news channels could bear the common name ‘eurozone crisis’ and they could all be merged. All their attention is directed towards the crisis and the keyword with which it all starts and ends…

photo: Images_of_Money

On March 2, EU-25 leaders signed the Treaty on Stability, Coordination and Governance in the Economic and Monetary Union, commonly called the Fiscal Compact. The Treaty was not signed by the Czech Republic and Great Britain. Lithuania joined the treaty, but it still needs to be ratified by the Lithuanian Parliament (Seimas). Not being a member of the eurozone, Lithuania would be able to choose, which particular provisions of the treaty to commit to. However,…

photo: desbyrnephotos

Polish government began public consultation on the rise of the state pension age in February. It provoked a national debate about how long the Polish will work. There are numerous arguments for and against the reform. Some of them are just and other are demagogic. We should select them and consider issues which are important for us – future pensioners. It is essential because the reform is unavoidable and most members of the European Union…