Spain had its public debt at the level of 68.5% of GDP in 2011, and then at 85.9% in 2012, and now Prime Minister Mariano Rajoy believes that this year Spain will end with the debt of 94.2% of GDP. Spain is definitely a big problem for the EU.
It seems that Merkel is willing to create a big and strong coalition with German socialists and, as it is in politics, it means a lot of compromises in the field of economy, austerity measures and social policy.
This week Bratislava again had the honour of hosting and witnessing some of the world’s leading experts at the conference entitled The Future of Money 2.0 organised by the F. A. Hayek Foundation in Hotel Falkensteiner on Thursday, 26th September.