Žilvinas Šilėnas tops the list of Lithuania’s most influential opinion leaders, a market research company “Kantar TNS” announces. Reaching the audience of 37 million in the first half of 2017, Šilėnas has forged ahead the incumbent representatives of the banking sector.
Taking a loan in a foreign currency puts both borrowers and banks at risk. At the time of signing the contract, both providers and takers neglected the possible weakening of Polish zloty, believing in its further strengthening. Besides the fact that one can easily learn about it from various sources, the majority of borrowers knew that such a danger exists.
Financial crisis with its accompanying factors, including the high rates of unemployment, tax increase and sever cuts in public services led to the increasing popularity of the radical left-wing parties in Greece and Spain, while not rendering the same result in Portugal.
The brief message of the report regarding the effectiveness of the banking supervision in Bulgaria is unambiguous: yes, the supervision has demonstrated weaknesses, and yes, the CCB management has circumvented and violated the regulations and the good banking practices.
The question is whether the new policies drive the banking sector closer to the market and market laws or, on the contrary, estrange it from them?
Extraneous people (politicians, bureaucrats) decide about extraneous money (taxes) which is, as Milton Friedman concluded from his decision-making matrix, the most inefficient situation we can imagine.
In June of 2012 the newly elected Slovak government finally unveiled first official blueprint of highly rummored consolidating measures. The main objective is continuation of cutting the fiscal deficit below 3% of GDP until 2013. Although we find some of the measures positive, an overwhelming majority of the presented proposals will have a negative impact on Slovakia and its citizens as this consolidation mostly relies on imposing more taxes. Despite many government’s reassurances, most of…