Facebook
RSS
Editorial partner:
Supported by:
Photo: Wikimedia Commons In summer 2014 Lithuania was accepted into the Eurozone and Europe witnessed the ECB’s decision to reduce its key refinancing rate from 0.25% to 0.15%. As a result, Vytautas Žukauskas, senior policy analyst at the...
Trainees practicing inflation and deflation of hospital tent structures, GlobalMedic Training Day, Toronto, June 2011. Photo: Wikimedia Commons While the European Central Bank, governments and many economists complain about the danger of deflation...
Photo: Wikimedia Commons Except for few unfortunate ones, high schoolers have already finished their key exams. European banks have not. Large part of 1600-member crew of ECB officials, 6000 officials in member states and plenty of hired external...
Contrary to what Lithuania’s prime minister claims, discussions on euro introduction are far from over. They might be over for those who have had the task of convincing Lithuanians about the benefits of having the euro. Still, the euro will...
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....
The crisis in the Euro area started more than four years ago, when the banking crisis collided with the debt crisis and the crisis of competitiveness. Its dramatic stage, full of extraordinary night talks in Brussels, was replaced by a relatively...
The Bank of England estimated that 40 per cent of the profits accruing from an expansion of the money supply flowed directly to the richest 5 per cent of households. The policy of low interest rates destroys the value of investments with fixed...
We can’t deny that Polish accession to the Eurozone must involve some costs. Moderate adverse effects, however, are likely to be felt only in preparation for the introduction of the euro and at the very exchange of the Polish currency. Meanwhile,...
