Two Low Blows
New laws in Slovakia are passed like hotcakes and changed more frequently than socks, which creates a chaotic and unpredictable framework for citizens and entrepreneurs.
Economy
Has Absenteeism among Czech Politicians Improved?
In comparison with the fifth election period (2006-2010), where the deputies were absent from 28.11% of sessions, the absenteeism during the sixth election period (2010-2013) increased by 3.47 percentage point to 31.58%.
Implicit Government Liabilities Displayed on Public Debt Clock in Warsaw
In 2013, Civil Development Forum added estimates of implicit public debt to the Public Debt Clock, which was launched three years ago.
Ups and Downs
The Commission has published the first assessment of the national budgets for 2014. Only Germany and Estonia made the budget prospects flawless and deserve praise. Slovakia ended up in the third group.
Working in EU Countries: Motives and Hindrances
One in every four EU citizens would either probably or definitely leave their home country to work in another EU member state in the next ten years.
ECB Four-Flush
As we have mentioned many times, China is preparing to enter the world currencies sphere. One piece of evidence is its vast activities in currency swaps with many countries, or the alleged increase in their official gold holdings.
A Bubble in Germany
You know that something’s really wrong when a former student leader of a Maoist party and the current President of the Commission says that „France is by far the country where companies pay the highest taxes and that’s a problem for growth and employment.”
Correct Premises, Wrong Conclusions
The Economic Council to the Prime Minister of Poland has published its comments about the changes in the Open Pension Fund (OFE). Because the professors have subscribed to them, we cannot say that they are another act of audacity, but quite a reasonable analysis. The only problematic thing is the fact that from correctly diagnosed premises, the professors draw quite puzzling conclusions, which are difficult to agree with.
Leaky Buckets
Sometimes, we see Croatia only as a big beach resort. But the newest EU member is concerned about non-vacation topics like the economic crisis as well. The country’s economy hasn’t grown since 2008, the unemployment rate is approaching 20% and the debt is rising sharply.
Financial and Natural Hurricanes
The Bank of England has not changed its policy, but surprisingly our brothers, Czechs, entered currency wars. Although CNB decided to keep interest rates unchanged, it has decided on interventions on the foreign exchange market that weaken the koruna, so the exchange rate of the koruna against the euro is held close to CZK 27.
