Economy

Economy

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The effectiveness of European structural and cohesion funds (SCF) has long been a contradictory topic, both for European institutions and researchers. This matter is particularly interesting for in-depth exploration, because of the lack of unambiguous evidence regarding the effect of these funds on beneficiary regions and countries. Four countries (Spain, Italy, Portugal and Greece) have remained the main beneficiaries of SCF since 1989[1]; however, data on GDP growth and labour markets in these countries is…

Economy

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Gold and silver are still in the correction phase. Switzerland is going to introduce a gold coin as official currency. Swiss army is prepared. Mario Draghi will kiss with everybody. Gold and silver were traded around $1737 and $32.7 per ounce at the beginning of the week. The story for this week is very similar as was for the previous one – correction. Both metals were smashed down on Monday but we could witness some…

Economy

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Finally we are sending ESM our money. Spain is waiting for a miracle. Greeks saved money for karts. Iranians made a bomb – inflationary bomb! Similar bomb is predicted by FED’s models. So we finally have it. After months of negotiations, voting and ruling ESM – the permanent bailout mechanism – is finally here. It is the first time when Slovakia provided real money for saving the euro, to be specific EUR 264 million. As the saying…

Economy

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Are you catching up all the tools, actions and countermeasures designed to save the eurozone from a break-up? Let’s count them together. Bilateral loans to Greece, IMF loans, SMP, EFSM, EFSF, LTRO, Sixpack, Fiscal Pact, ESM, OMT… It’s difficult to find a politician, not to say an ordinary citizen, who understands all these abbreviations. And still, these letters mean hundreds of billions of euro. Each of these tools represents also a set of rules, which…

Economy, Politics

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The Southerners don’t want any help, but they keep sinking deeper and deeper. Will the Neo-Nazis lead Europe? Japanese QE worked for 9 hours. It seems that ECB can complete construction of its new residence before the Eurozone falls apart. If only there wasn’t this inflation… Eleven Ministers of Foreign Affairs agreed on what is supposed to save Europe. If you guess the answer is deeper integration then you got it right. Apart from the traditional…