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.
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.
The engine of Europe - Germany - will not save anybody if economy is weak. German imports and exports fell sharply in February for the third time in the last four months, which indicates some problems.