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Europe promised even more money which it doesn’t have, Spain promises painful cuts, Slovakia higher taxes. Euro Bill keeps increasing, we will pray for its rescue and just 11-year-old Dutch children want to expropriate Greeks.  We will start this week rather gloomily. On Wednesday morning an older man, former pharmacist  Dimitris Christoulas, committed suicide by shooting himself at the busy square in front of the Greek parliament in Athens. He left a letter, in which he…

picture: IME

20 April 2012 is the day when Bulgarians, figuratively speaking, stop working for the government and start working for themselves. This day is called Tax Freedom Day. In 2012 Bulgarians will need to work nearly four months only to pay their taxes and fees to the Government, thus reaching the budget’s revenue target for the year. In Bulgaria, this day traditionally is somewhere in May and its early appearance in the last 3-4 years is…

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The INESS Institute, independent Slovak think tank, runs a regularly updated the Euro Bill on its specialized website eurokriza.sk. The Bill contains structured records of all Slovak guarantees, borrowings, and share of bond purchases related to the Euro-rescue efforts. After the last update from the late March 2012, the Euro Bill reached EUR 1869 per capita in Slovakia. The level of currently activated funds rose to EUR 495 per capita. Following events and changes were…

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Why the zombie banks aren’t stressed by stress testing, about Austrian Japanese, and about how difficult life the Spanish banks and especially Spanish bankers have. And that Trichet, even though he uses bad economic theories and non- functioning economic models, doesn’t regret anything. When it comes to solving the crisis in Europe, many people use the example of the USA, where central bank during the crisis provided the whole financial sector with guarantees, which apparently…

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Why not to believe door-to-door sellers, central bankers; which European country is the closest to a default,how Italians save money  on food to sendpayments to the investment bank Morgan Stanley thanks to their clever politicians, and finally about really clean money.By the way, do you have a chicken at home already? Mario Draghi, president of ECB, told the German newspaper Bild that when it comes to the European debt crisis, the worst part is already behind…

photo: Sebastien Bertrand

The Lithuania Tribune writes that on March 29 president Dalia Grybauskaitė met with Johaness Hahn, EU Commissioner for Regional Policy. The main topics of the meeting included EU financial framework for the period 2014-2020 and the EU Cohesion Policy. Dalia Grybauskaitė expressed Lithuanian dissatisfaction with the proposal concerning rules of EU aid’s distribution. Lithuania puts emphasis on the importance of the interests and member states’ level of development. More information here.  

photo: alexliivet

As The Lithuania Tribune writes (quoting SEB’s Eastern Economic Outlook published in March 2012) Estonia’s growth fill fall to 1.5% in 2012 and increase again in 2013 reaching 2.5%. As a result of smaller demand in Sweden and Finland Estonian expansion is limited while high inflation continues. In 2011 Estonian GDP growth reached the level of 7.6% although a slowdon in the last quarter of the year was observed. Budget deficit is expected to reach…

photo: Dann Toliver

As The Slovak Spectator writes, the results of the Central European Opinion Research Group’s survey concerning current economic situation in Slovakia, Czech Republic, Poland and Hungary show that majority of citizens view the economic situation of their country negatively. 76% of surveyed Slovaks said that current economic situation in their country is bad, it was viewed positively only by 3%. 62% of Czechs see the economic situation in their country as negative, 7% consider it…

photo: Piotr Drabik

As The Warsaw Voice writes on Monday, March 26, there were protests of Solidarity trade union members against governmental plans to increase the retirement age. Several hundreds of protesters gathered in Warsaw, in front of the prime minister’s office. Trade unionists announced that protests would be held throughout whole week, on Wednesday they would move demonstrations to the front of the parliament. Meanwhile talks between two parties of the ruling coalition – Civic Platform (PO)…