Economy

Taking a loan in a foreign currency puts both borrowers and banks at risk. At the time of signing the contract, both providers and takers neglected the possible weakening of Polish zloty, believing in its further strengthening. Besides the fact that one can easily learn about it from various sources, the majority of borrowers knew that such a danger exists.

France is facing yet another challenge. The European Commission clearly stated that a restrictive regulatory approach that they have implemented must be avoided. A difficult road is ahead for the French government as it will have to admit that the country’s licensing practices are laughably outdated and have to be removed.

Despite being in the midst of holidays, it does not seem like a festive season in the world of cryptocurrencies. Several notable occurrences meriting attention were captured worldwide in recent weeks, predominantly in Russia, North America, and Europe.

Despite the fact that the silly season has already started, several interesting occurrences took place. The most important news comes from the European Union, but also from Russia, Argentina and USA. Let us have a closer look.

“Inequality” refers to very important aspects of social life. But the debate on equality is full of confusion because of its many meanings, methodological and empirical errors and very strong emotions which “inequality” evokes. Conceptual confusion includes the lack of precise distinction between the inequality of situation and the inequality of opportunity.

A morning of June 24 was like no other. Some people were woken up in the early hours by a piercing sound of their mobile phones, when their friends wanted to reach them. Others anxiously climbed out of their beds. Most of them immediately switched on BBC news on their tellies only to find out that their worst fears came true – the majority of British citizens voted ‘leave’ in the EU referendum.

The main spark of the thrill was the result of the Brexit referendum, with the Leave vote prevailing over its counterpart. In spite of Brexit not occurring in the foreseeable future, the confusion it generated on financial markets was evident, boosting the cause of cryptocurrencies.

Football as a sport is not selective about effeminate athletes who have a low pain threshold and pathological inclination to deception. Football players are just the same as other professional athletes; the only difference is in the environment and referring constraints to which they must face in pursuit of victory.

This is what my brother reportedly said right after I left the airplane on the paragliding course. The UK referendum was a similar surprise. It could have been expected, nevertheless I did not expect it. Supposedly, you cannot even slow down when riding the integration bicycle.

Just a year after the topic of fiscal decentralization briefly entered the public debate in Bulgaria, the political volition for taking actual steps in this direction seems exhausted. The government stifles to a large extent the initiative of local authorities.