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…

studenti3

On April 19 – 22 2012 INESS organized its flagship educational event – third annual Seminar on Austrian economics in Piestany, Slovakia. Its aim is to fill the gap in university education with specialization in economics, to improve teaching economics in Slovakia and to provide with alternatives to the current educational system. The seminar is also to help students deal with the current economic issues through intensive discussions with interesting local and foreign lecturers. The…

sarkozy

Voters decided if they still want to live on others‘ money. Savings or growth? A false dilemma with irresistible sex appeal to politicians. The Golden Dawn in Greece. Why Hugh Hendry is concerned about his assets in Europe? In Spain thr nationalization of banks‘ debts is launched – will they manage to break record annual deficit of Ireland (32% of GDP)? French and Greeks were voting during the weekend. Results of both elections will lead to…

photo: Philip Jagenstedt

As Wen Jiabao walks into the press conference room, lights focus on him and the applause accompanies his steps. Then, with his voice slightly cracking he said: “Journalist friends, this will be my last National People’s Congress press conference“. Wen Jiabao is the sixth serving prime minister of the People’s republic of China and ranks third out of a nine member Politburo of the Communist Party of China, the real power organ of the world’s…

bulgariarecession

In most recent years a famous graph, showing how deep the recession is in the UK and what is the path of recovery, appeared periodically. The graph is made by the National Institute of Economic and Social Research (NIESR) and compares the profile of the worst recessions in the UK over the past 100 years. The graph clearly shows that the last economic decline from 2008 is the longest of all compared episodes and that…

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…

recesia

Marshall is coming back to Europe, where British argue with French about banking rules and Greeks want to place mines on the borders. Even though a new wave of recession is flooding Europe, rating agencies turned gentlemen  and raised a couple of ratings. Fiscal pact hasn’t properly cooled down yet and there is already anti-austerity mood in Europe, not only among demonstrating people but also among politicians. Maybe it is because of the level of unemployment in…

plakat_rekrutacja_2012_net

Liberte! invites to the 2nd School of Liberal Social Policy WHEN: July 2-3, 2012 WHERE: Jachranka next to Warsaw WORKING LANGUAGE: Polish   You deal with social policy in academic or professional sense? You think it is crucial issue, which still doesn’t work well in Poland? You see that public resources are wasted on sham actions, instead of efficiently helping those really in need? You want to meet young people from all over Poland and…

photo: zigazou76

ACTA will not enter into force. Thousands of demonstrators opposed it. Polish Minister of Culture and National Heritage – Bogdan Zdrojewski – discussed Polish drive for liberty and assumed that “we may also take pride in the protests of Internet users”. Nevertheless, everyone wonders why people started to demonstrate against the agreement. If nothing unexpected happens, the problem with the Anti-Counterfeiting Trade Agreement will be solved in the middle of the current year. The agreement…