Economy

There is a great wave of discussion on pension reform being implemented by the government in Poland. The essential reform, forced by sad demographic factors.

Current fiscal crisis in the EU is, among others, a result of expansionary fiscal policy conducted in previous periods and especially during economic booms.

In March 2010, when the Greek debt crisis was heating up, then-ECB president Jean Claude Trichet declared to the EU parliament that the “monetary Union in Europe is far more than a monetary arrangement. It is a union of shared destiny”. Less than two months later the ECB reversed its refusal to monetize debt and […]

Golden goal in Spanish net. Spain (unfortunately) is not Uganda! What level of interest rate Italian debt has to reach so Europe would decide to help them? Penalties and expropriations for layoffs –labour market reform done in a French way. In which countries economic laws don’t apply? And who will pay for that? Even 11 […]

Monsieur Bastiat would be surprised how close to reality is his well-known essay “Petition of the Manufacturers of Candles…” In this paper manufacturers of candles and everything connected with lighting have complained, via a petition, of the intolerable and predatory competition of the Sun. In which they claim to inundate the national market with the […]

Slovak economic think tank INESS prepared updated version of the Universe of Public Expenditures, a visual feature at The Price of the State (SVK and ENG version). Majority of population (and voters as well) have only very limited knowledge how much money they contribute to online casino the state and how the money joyce”s driving […]

France makes promises and Commission is happy. Will Spain get gifts during the weekend? Be careful about your language, there is always somebody listening. Is euro a dogma? Will it rain dollars or are we facing a dry summer? Silvio is joking  again. In a detailed analysis of French public finances, the European Commission expressed concern if […]

Tax Freedom Day that is calculated and promoted by Liberalni Institut every year in the Czech Republic, was celebrated on Saturday, 9th June 2012. This result indicates six-day improvement compared to the last year, i.e. the Czech taxpayers must work 160 days to cover expenditures of the general government. In 2011, the obligation was 165 […]

The European Central Bank (ECB) published its Convergence Report(2012), in which it evaluates the progress of the members states that have committed themselves to joining the euro by following the convergence criteria, better known as the “Maastricht” criteria. At this point in time, Bulgaria has passed the requirements for deficit, debt, inflation and long-term interest […]

Two years ago, here in Wrocław [at Wrocław Global Forum], you called United States and Europe “G2 of the world” and today you referred to them as “catamaran on stormy waters”, so I was wondering if you think that we can observe serious, permanent shift of power in contemporary world or just this storm that […]