financial crisis

Economic freedom in the world has declined to a record low, shows the Economic Freedom Index published by the Fraser Institute. The recent World Economic Freedom Index is based on data for 2020 but it shows a clear trend: as the government sector grows, it is becoming harder for citizens and businesses to breathe. The Fraser Institute analysts say this is largely due to the COVID-19 pandemic.

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 financial crisis has been with us for six years and counting. The symptoms don’t change - growing unemployment, low or even stifled economic growth, the same ineffective measures adopted by governments and central banks.

Spanish economy is now producing nothing else but promises. Why to lock trash bins and how many policemen are needed against one disabled person? IMF against the EU

Are you catching up all the tools, actions and countermeasures designed to save the eurozone from a break-up? Let’s count them together. Bilateral loans to Greece, IMF loans, SMP, EFSM, EFSF, LTRO, Sixpack, Fiscal Pact, ESM, OMT… It’s difficult to find a politician, not to say an ordinary citizen, who understands all these abbreviations. And […]

The Southerners don’t want any help, but they keep sinking deeper and deeper. Will the Neo-Nazis lead Europe? Japanese QE worked for 9 hours. It seems that ECB can complete construction of its new residence before the Eurozone falls apart. If only there wasn’t this inflation… Eleven Ministers of Foreign Affairs agreed on what is supposed […]

The aging Estonia and Europe need to accept that the state has to earn and save before it can spend and must remain within its limits both financially and functionally, writes Jürgen Ligi, the Minister of Finance. Right now, large English language news channels could bear the common name ‘eurozone crisis’ and they could all […]