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We have had two announcements of central banks in Europe. The Bank of England with a new boss, Mr. Carney, made the first one. The second one was made by the ECB. The Bank of England mentioned that forward guidance and intermediate thresholds...
Last week’s meeting of EU finance ministers brought about new rules on bank collapses. The new rules are definitely inspired by Cyprus event. Under the new regime, banks’ creditors and shareholders would be the first to take losses....
The first of January in 2014 is the official euro introduction date in Latvia. The government is in a rush to introduce euro currency in Lithuania, too. Having in mind that Lithuania is holding the Presidency of the Council of the European Union...
In the long term (after 2020), the removal of direct payments should be a priority both for Bulgaria and for the EU as a whole, as only this way would the proper market-oriented development of the sector and the free competition between farmers...
The week of accusing, voting, and reporting. Berlusconi, French socialists, the Cypriot president as well as the government of Iceland wanted to say something to the world. The Czech prime minister has been hit by a “police-tsunami“ and...
The Federal Constitutional Court of Germany is making a decision on the OMT program of the European Central Bank (ECB). In Britain, the bi-polarity of attitudes towards the EU is gradating. Greece is in the top news again with clueless Troika...
Latvians have been given the green light on their euro traffic-lights. German court is preparing its key decision. And the IMF is louring on Frenchmen. The European Union, as well as the eurozone, is expecting a new member. While Croatia will...
ECB decided not to make any changes to the policy and all rates remained unchanged. Mario Draghi said that ECB sees 0.6 % decline in GDP within Eurozone in 2013 and some downside risks persist in the economic outlook. On the other hand, he reconfirmed...
The French President introduced his magnificent plans. The EU should become a political union governed from Brussels in two years. According to Hollande, there is too much European lethargy. An offensive must be started – a construction...
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. However,...
