Economy

In Nicosia, people with banners saying \"Merkel and Schaeuble go home\", protested against EU imposed rule of taxing their bank savings.

In recent months, economic confidence has worsened and unemployment has risen over 12 percent across the currency zone. But the real problem is youth unemployment.

While German pensioners in retirement received on average 58% of their salary, Italians received 76%, Spaniards 84%, and Greek pensioners - 110%, more than their previous salary.

Back here in reality, however, the ramifications of adhering to a Phillips curve mentality continue to wreck the creation of wealth around the world.

How long will the Euro last? Up to 5 years; it is not my opinion but senior German government advisor´s.

This week, the issue of financial transaction tax stirred the water again. Just a reminder, this tax (called Tobin’s tax) is planned in 11 EU countries, including Slovakia.

Hayek proposes a simple solution to set us free from economic downturn – do not use the same recipes which caused the downturn.

More and more thick storm clouds are gathering above the Netherlands, which is still perceived as one of the more responsible countries in Europe.

The Egan-Jones rating agency, which usually predicts things more accurately than other official agencies, has downgraded Germany from A+ to A with a negative outlook.

INESS released the Receipt for Government Services for 2013.