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Greeks are preparing a new emission of their bonds. Although only three years but they should bring 2.5-3 billion euro to the country.

Here we go again, straight into the old debate as to from what the poor benefit more: growth or redistribution. It has been rekindled by the near simultaneous appearance of two books written by Indian economists.

The EU is no longer the abstraction it was in the beginning of the crisis. For many Europeans the crisis turned the Euro from a convenience into an issue, the Greek – from exotic and hospitable people into lazy parasites, and the English – from key allies into awkward partners.

Ukraine shows that, when pressure is applied, Potemkin institutions reveal themselves for what they really are. The lessons for countries in the neighborhood, most of all Russia, should be apparent, as, although there are major differences between Ukraine and its anxious neighbor, at the most fundamental levels, the institutional stagnation is the same.

Entrepreneurs in Slovakia have not the very best reputation. In media they usually appear in connection with negative matters, so that the publicity wrongly divides them just into two categories: those who stole money during the privatization and those who are stealing today by public procurement.

Continual restriction of economic and civil liberties may have fatal consequences. Even though we can freely choose to live in an unfree society, we have to be aware of the price we will eventually pay for it.

On June 27, 2014, Petro Poroshenko, newly elected President of Ukraine, will sign the economic part of the Association Agreement with the EU, political part of which was signed in March 2014. Same day Georgia and Moldova will also sign the Association Agreements with the EU.

In March, Russia annexed Crimea, a peninsula with population of 2.4 m in the south of Ukraine, after it failed to divert Ukraine from the course for European integration. The escalation in Donbas could have been a first step of a large scale Russian intervention into the mainland Ukraine.

In Ukraine, the main channel of the impact of remittances on GDP is consumption. The scope of impact depends on two factors - the marginal propensity to save and the propensity to purchase imported goods and services.

During the global financial crisis, public pensions in Lithuania were cut to reduce further strain on the government budget. The Lithuanian government is now considering backpaying these pensions.