ECB Confirmed Recession
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.
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.
Over the past three years the share of European Union (EU) citizens who want to be self-employed has fallen from 45% to 37%, reports European Commission (EC).
However, politicians should be viewed as self-interested as any other economic agents. Taking this fact into consideration, is it possible that higher salaries of politicians lead to increase in public welfare?
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.
A great reformer, a friend of Poland and freedom, the symbol of female emancipation – the truth about Margaret Thatcher’s governance is much more complicated than these simple and overused clichés.
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.