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European banking union is the most important regulatory project in the European Union (EU). It is based on three pillars: common banking surveillance, rules for the execution of banks, and a legal framework for national deposit insurance systems....
Index of Economic Freedom was released last week. Slovakia ranked 57th – 15 places down from previous year. The main reason behind a decline of economic freedom in Slovakia was higher taxation, non-flexible labor market regulation, and...
It was a week of central banks’ announcements. But frankly speaking, nothing new has happened. The ECB let the rates unchanged, as did the Bank of England. Mario Draghi admitted that euro area growth is still under question, and that we...
The Eurocrisis became boring in 2013, didn’t it? Do you remember 2012? In the spring, Greece bankrupted, subsequently it had parliament elections twice and the whole Europe was afraid of a possible victory of SYRIZA communists or Golden Dawn...
A fine in France. Celebrations in Greece. Coal in the EU stocking. Europe has successfully got over another year. The EU, the euro, the ECB, and the banking system have got over it as well. However, the same thing has happened also to the recession,...
Introduction The 10% flat income tax was introduced in Bulgaria in 2008, and the Institute for Market Economics (IME) was one of the major proponents of its implementation. In our opinion, the introduction of the flat tax has been one of the...
The year 2013 did not bring anything groundbreaking to Slovakia’s woods and fields. Budget deficit was not reduced; rather the opposite. The national debt keeps growing. The government is raising taxes, even though it promised that taxes would...
Entrepreneurs and corporate leaders of small and large businesses from Sweden, Germany and Great Britain have spoken. Their message to the member states and EU officials is clear: we either reform or we are condemned to an economic downfall. Among...
There can hardly be a single week without at least one funny Eurocratic idea. We informed you some time ago about the idea to install speed limiters to all cars. Those limiters would slow down cars according to passing traffic signs (politicians’...
Oil is world’s number one energy source and it is also a complementary good for utterly everything that we can buy. This is the reason why an oil price increase could be reflected in rising prices of all goods. It is intriguing to observe...
