Economy

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.

Nevertheless, there is substantial evidence that properly constructed federalism could boost essential elements of economic freedom and, therefore, contribute to positive economic development.

Germany wants to make it big. By the year 2050, German government aims to have achieved an 80 percent target for electricity supply from renewable energy sources.

This study is not worth the paper on which it is printed.

And still, at the same time, and in addition to these statements, the same government, and its majority in parliament, is approving measures, which are likely to increase unemployment and destroy the process of creating new jobs.

The changes proposed by the government have met with a fierce resistance from economists and other experts, because the campaign against the funds is clearly demagogic, and the nationalization threat conflicts with Poland’s successful transformation from communism, which has been based on privatization since 1989.

One of the results of privatization was a noticeable increase in the quality of the services and a more effective allocation of the costs.

Any persistent defence of the euro will result in a long-lasting recession and high unemployment in countries using fiscal austerity to pursue ‘internal devaluation’. It may lead to a revival of populist and nationalist movements, political collapse and disorderly eurozone break-up.

Ever since the start of the financial crisis, Slovakia has been having serious problems with the sustainability of its public finances.

What was quite interesting was the reaction of the official China\'s credit rating agency, Dagong, which has downgraded the US rating from A to A- due to the fact that the debt growth rate significantly outpaces that of fiscal income and GDP.