Against the background of the forthcoming crisis and problems in the leading economies in the Euro area such as Germany and Italy, we find an unexpected example of a booming economy in the Iberian Peninsula – Portugal.
The Index of Economic Freedom by Heritage Foundation, the Index of Economic Freedom by Fraser Institute, World Bank’s Doing Business, World Economic Forum’s ranking, IMD’s competitiveness ranking – all these rankings are telling us the same thing: better times in Slovakia are long gone.
It was the week of central bank announcements – Japan (we will describe it below), Britain and ECB.
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.