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These days opponents of austerity measures are winning. General unpopularity of savings is understandable. Unemployment in Europe has climbed to the highest record and economic growth is not sustainable. So, the nervousness connected with making...
A few days ago “Le Monde” leaked an official document of the French Socialist Party blaming European center-right governments of “cynicism and blind austerity”. The primary focus of the document was Chancellor Angel Merkel, whom the...
At Bratislava´s meeting, the Governing Council of the ECB rewrote the monetary history of the Eurozone. The Council decided to lower basic interest rates to 0.5 % starting from May 8th 2013. It is nothing but a confirmation that nothing was...
European Commission President Barroso started to criticize the austerity measures that the EU has imposed mainly on the Southern European member states in economic crisis. He stated that while the policy may be “fundamentally right,”...
Fitch Ratings has downgraded the United Kingdom from ‘AAA’to ‘AA+’. The outlook is predicted to be stable. The rating action reflects a weaker economic and fiscal outlook and possibility of higher UK budget deficits and...
Two weeks ago, the government approved a report on the business environment. Last year Entrepreneurs Association of Slovakia, together with the Association of Young Entrepreneurs of Slovakia and the Hospodarksy Noviny (newspaper), was a sponsor...
Euro zone finance ministers backed a 10-billion euro bailout for Cyprus and the European Commission will try to help the island’s economy grow again with better use of EU structural funds. The first tranche of 10 billion euros will arrive...
These days a piece of good news is like saffron. The world today is clearly dominated by the negative ones: the financial crisis, debt crisis, Euro crisis, the economic problems of Iceland, Ireland, Greece, Spain and recently Cyprus. Therefore,...
It was the week of central bank announcements – Japan (we will describe it below), Britain and ECB. Bank of England and ECB policy remained unchanged, which means that interest rates are at the same low levels and the BoE maintained bond purchases....
The world has been slipping further into economic illiteracy over the past five years, with seemingly no country immune. From the United States, ostensibly, still a bastion of classical liberal orthodoxy, we have seen laws enacted (and upheld...
