The conclusions of the ECB’s report is that establishing an environment that favors a steady convergence requires policies aiming at economic stability, as well as wide structural reforms. This statement holds regardless of whether we will adopt the Euro or not.
Lockdowns and other restrictive measures to keep people in their homes and prevent socializing with others were introduced. But what if home is not a safe place? What if being locked down with a member of your family or a partner is the very definition of being unsafe and at risk of physical injury or psychological abuse?
Any pandemic is not only a threat to the health and safety of the people but may also lead to other significant threats to them. In times of great national uncertainty, the government is called upon to act, and the present pandemic is no exception. In responding to the COVID-19 pandemic exigencies, governments around the world have taken vast and unparalleled decisions to contain the spread of the COVID-19 virus and protect lives.
In the years 2019/20, the Friedrich Naumann Foundation for Freedom reminded of the “peaceful freedom revolutions” (H.-D. Genscher), which took place 30 years ago and which were most symbolically manifested in the fall of the Berlin Wall and the German reunification, in the form of various events and publications. However, this revolutionary democratic change did not spread across the whole continent.
Ever since the first lockdown in 2020, the world has been going through some radical changes. Social distancing became a rule. Everyday life, in general, has changed and people focused on the prevention of the spread of the virus.
Previous tax cuts released 1% of GDP worth value to taxpayers’ pockets, followed by ongoing red tape cuts and market deregulations. These moderately intensive reform trends have created a methodologically based contribution for slight increase of economic freedom.
People can be nudged in a certain direction without the government introducing public policies or implementing high taxes. As any changes in default options, framing or social influences may have a great impact on the choices people make, public policy creators use insights from psychology to create nudges.
Croatia is currently 61% economically free. There is no country with more than 90%. Therefore, Croatia’s competitive gap is much more than 39% deficit in economic freedom. Croatia’s challenge is to compete with much better countries of Central Eastern Europe.
Sometimes, we see Croatia only as a big beach resort. But the newest EU member is concerned about non-vacation topics like the economic crisis as well. The country’s economy hasn’t grown since 2008, the unemployment rate is approaching 20% and the debt is rising sharply.
Billions of euros are flying around Europe also this year, and an attentive observer should not miss from whom and to whom they are wandering. Especially, when the bets of Slovak taxpayers are also in play.