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Lithuanian Free Market Institute and                   Friedrich Naumann Foundation invite to International conference “The Eurozone in Crisis: Solutions and Future Prospects” WHEN Date: 03-04-2012 09:00 WHERE Place: Radisson Blu Hotel Lietuva, Konstitucijos pr. 20, Vilnius In the conference we will discuss the fiscal policy of the European Union countries and the future of euro. We invite politicians, representatives from business, experts from Lithuania and foreign countries, and the media to participate. Registration is due by…

Economy

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This week about Big Berta, Stiglitz’ duel with bad speculators, why Greece needs planning commissioners and about open hunting season for bad news messengers in the European Parliament. The second round of three-year tender loans of the European Central Bank (according to ECB President Mario Draghi so-called “Big Bertha”) flooded the system with 529.5 bln of future euro. 800 banks took 3-year loans with interest rates 1% (it was 523 bln. during the first round…

Economy

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Slovak think tank INESS, the Institute of Economic and Social Studies, calculated the total potential risk exposure related to Eurozone rescue mechanisms on per capita basis. It is published on the institute”s new project website eurokriza.sk (“eurocrisis”). The Euro Bill summarizes total liabilities, guarantees and risk exposure created by bond purchasing programs, which were created as a part of the Euro debt crisis solution efforts. The total maximal risk exposure of each Slovak citizen is…