Spain Is a Real Ticking Time Bomb
Spain has definitely become a time bomb. The official GDP is predicted to decline 2% in each of the two following years pushing unemployment probably over 28% and public debt from 88% to 110% of GDP.
unemployment
Lower Social Contributions for Lower Unemployment
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.
The End of Cuts? – Fiat Euro! 18/2012
Marshall is coming back to Europe, where British argue with French about banking rules and Greeks want to place mines on the borders. Even though a new wave of recession is flooding Europe, rating agencies turned gentlemen and raised a couple of ratings. Fiscal pact hasn’t properly cooled down yet and there is already anti-austerity mood in Europe, not only among demonstrating people but also among politicians. Maybe it is because of the level of unemployment in…
Fiat Euro! 14/2012
Europe promised even more money which it doesn’t have, Spain promises painful cuts, Slovakia higher taxes. Euro Bill keeps increasing, we will pray for its rescue and just 11-year-old Dutch children want to expropriate Greeks. We will start this week rather gloomily. On Wednesday morning an older man, former pharmacist Dimitris Christoulas, committed suicide by shooting himself at the busy square in front of the Greek parliament in Athens. He left a letter, in which he…
Four Myths of Rising the State Pension Age in Poland
Polish government began public consultation on the rise of the state pension age in February. It provoked a national debate about how long the Polish will work. There are numerous arguments for and against the reform. Some of them are just and other are demagogic. We should select them and consider issues which are important for us – future pensioners. It is essential because the reform is unavoidable and most members of the European Union…
