FE_25

We’ve been walled up. Greece has government but money is still missing. Which German team will win the European Championship? FED playing games, another package is postponed. How many Olympic medals will the EU-funded United Nations of Europe get? Let’s start from the end, namely from what happened last week. Eurozone is on fire and Europe instead of putting it down, sets up a bailout firewall. Slovak MPs just placed us on the wrong side…

picture: Images_of_Money

In March 2010, when the Greek debt crisis was heating up, then-ECB president Jean Claude Trichet declared to the EU parliament that the “monetary Union in Europe is far more than a monetary arrangement. It is a union of shared destiny”. Less than two months later the ECB reversed its refusal to monetize debt and openly started buying government bonds in violation of its own charta. Germany also gave up its reservations about bailing out…

FE_24

Golden goal in Spanish net. Spain (unfortunately) is not Uganda! What level of interest rate Italian debt has to reach so Europe would decide to help them? Penalties and expropriations for layoffs –labour market reform done in a French way. In which countries economic laws don’t apply? And who will pay for that? Even 11 Marhsall plans didn’t help. Courage in a Slovak way. First Things First. Congratulations to the Queen Elizabeth II on her…

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…

INESS logo

Slovak economic think tank INESS prepared updated version of the Universe of Public Expenditures, a visual feature at The Price of the State (SVK and ENG version). Majority of population (and voters as well) have only very limited knowledge how much money they contribute to online casino the state and how the money joyce”s driving school is proud to provide quality driver”s education in barrington, crystal lake, mchenry, palatine, hoffman estates, fox river grove, cary,…

FE_23

France makes promises and Commission is happy. Will Spain get gifts during the weekend? Be careful about your language, there is always somebody listening. Is euro a dogma? Will it rain dollars or are we facing a dry summer? Silvio is joking  again. In a detailed analysis of French public finances, the European Commission expressed concern if the country will be able to fulfill the deficit target  3% of GDP in the year 2013 and it warned…

taxfreedom

Tax Freedom Day that is calculated and promoted by Liberalni Institut every year in the Czech Republic, was celebrated on Saturday, 9th June 2012. This result indicates six-day improvement compared to the last year, i.e. the Czech taxpayers must work 160 days to cover expenditures of the general government. In 2011, the obligation was 165 days (one day difference is due to leap-year). Tax Freedom Day is an indicator that divides the year into two…

picture: HaPe_Gera

The European Central Bank (ECB) published its Convergence Report(2012), in which it evaluates the progress of the members states that have committed themselves to joining the euro by following the convergence criteria, better known as the “Maastricht” criteria. At this point in time, Bulgaria has passed the requirements for deficit, debt, inflation and long-term interest rates, but this does not mean automatically that the road to the euro is open. What is more important, the…