INESS – the Institute of Economic and Social Studies has processed the available data about investment subsidies and published a policy paper Investment subsidies – creation of new wealth or just redistribution of the existing?
Ireland is an exceptional case. France is an exceptional case. Bad news is here to stay. And we might even question the EU funds.
EU officers are angry. European banks came up with interesting news. If you want a house in Spain, you have a great chance now, supply increases. Illicit money scandal also in the Spanish government.
Spanish government is pleased, citizens cry. Cameron said something unexpected. Greek tax payers are not able to pay taxes. Brits and the Dutch came short. Guess who is leaving France this time?
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.
A recession which has never gone, is coming back to the EU. The European Court of Auditors is warning again about inefficiencies. Italians stash a billion. Central banks do not believe one another.
The Irish are preparing their agenda, will we pay? Spanish retirees invested everything in bonds, not even knowing how. Congratulations to Ben. Not that the function of the Presidency had any other meaning besides the generous earnings for catering companies that will take care of the traveling Brussels circus. But when the Irish took the scepter, we start with them. This peaceful island country has been a decent child in the background for most of…
One of the major barriers which prevent the labour market from demanding more workforce (thus lowering the unemployment) is the high level of compulsory social contributions.
Did we see only Pyrrhic victories or a real overturn in the crisis last year? Greeks remain the worst pupil in the class, Spaniards pretend that nothing bad is happening, Cyprus is not interested and French exodus continues.
At the end of the year, we ratified the fiscal compact. Spain bids farewell to the year of bad news. Berlusconi is alive and well. The Great Greek Wall. EFSF had a successful year.