Economy

The financial crisis has been with us for six years and counting. The symptoms don’t change - growing unemployment, low or even stifled economic growth, the same ineffective measures adopted by governments and central banks.

Why should an unelected official located somewhere thousands of kilometers away prohibit the tobacco manufacturer from adding even a garlic flavour if he wishes to do so, and why could not a consumer enjoy his or her favourite mint flavour?

A survey in 1995 in 34 US states showed that the advantages of the outsourcing of road management have been used by up to 37% of the cities, and in the period of 1987-1995, the number increased by 19%.

Opponents of the austerity policy have forgotten that one of the main causes of our current problems is not saving in response to the crisis.

According to the influential American academic and opinion leader, Zbigniew Brzezinski, the EU-US trade agreement may stop the downfall of the West, revive transatlantic relations and balance the influence of China.

This is a hallmark of protectionism; it doesn’t matter what people want to buy – current producers have to be preserved at any cost, and competition kept away.

A period when winter passes the baton to spring is a time for the largest domestic banks to publish their financial numbers from the previous year.

In Nicosia, people with banners saying \"Merkel and Schaeuble go home\", protested against EU imposed rule of taxing their bank savings.

In recent months, economic confidence has worsened and unemployment has risen over 12 percent across the currency zone. But the real problem is youth unemployment.

While German pensioners in retirement received on average 58% of their salary, Italians received 76%, Spaniards 84%, and Greek pensioners - 110%, more than their previous salary.