The negotiating power of a single worker is in principle smaller than the one of a big company which employs him or her.
Russian businesses and banks are starting to consider some legal action against Cyprus or individual banks, but some lawyers predict that they may have a hard time winning their case.
First of all, Cyprus has a small economy and the rescue package is something about € 16 billion, approximately € 3 billion less than last year’s loss of Bankia – the Spanish bank.
Moreover, possible destabilization resulting from the “Cyprus case,” threatens the already damaged confidence in the Eurozone.
Rent-seeking occurs inevitably in every society, however, some societies suffer from it more and some others less.
The outcome of the coming elections in May is not easily predictable.
Europe has just reached the turning point of the crisis. Now it can be better or worse – it all depends on what will happen in Cyprus.
It is more than clear that we have two blocks in the EU – the austerity block, lead by Germans supported by Finland, Austria or Luxemburg, and the anti-austerity block, lead by France supported by Spain, Italy, and Portugal. Who will win? What do you think?
Recent Italian general election has triggered fears not only at a European level, but worldwide.
Two clowns won, who will laugh? The crisis is not returning and at the same time it is. Britain vs. Greece.