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The Problem of Observing “Growth” Growth: The Holy Grail Why some countries grow while others stagnate is perhaps the most important question in all of economics. Part of the allure of this question comes from the continuing challenge...
The slowly passing crisis has started making out the bill which is going to be settled at the expense of the freedom of individuals. Unfortunately, that is a universal truth (already valid or forthcoming) in the majority of European countries,...
For some years, we have had some contact with cautionary thresholds written down far-sightedly in acts and even the constitution. In the time of crisis they have been something to pride ourselves on. Today the government suggests “suspending...
The Euro crisis is definitely not solved. Greece’s unemployment rate in April 2013 was 26.9% compared to 23.1% in April 2012 and 26.8% in March 2013. The number of the employed amounted to 3,636,042 people. The number of the unemployed amounted...
The end of April is the time of the income tax settlement in Poland. The Civil Development Forum took it as a good opportunity to show Poles how much money the Polish state spends and what it is spent on. It is definitely not a small amount;...
Mario Draghi intervened verbally once again and does not hesitate to say anything. He said that the ECB is considering further non-standard monetary policy tools and will deploy them if circumstances warrant. He is also aware of the fact that...
This year‘s Tax freedom day fell on June 1st according to analysis of the F. A. Hayek Foundation and Slovak Taxpayers Association. While last year Tax Freedom Day fell on June 1st, this year Slovaks will work for the state a little longer....
The hearing in front of the German Constitutional Court about the legality of the Outright Monetary Transactions (OMT) scheme of the ECB was on Tuesday and Wednesday, but the final verdict is not expected before autumn. In reaction to the German...
The European Central Bank warned about the risk of a renewed banking crisis. The main reasons behind it are the euro zone’s slumping economy and a surge in problem loans. The logic is simple. Prolonged recession will make many borrowers unable...
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...
