Six years in Spain mean six years of falling real estate prices. If you invested in the average Spanish house in 2008, today you have 35% loss on your investment.
Brussels occasionally gets sober from the intoxication of spectacular goals and strategies, paid by citizens. But sobering means that the goal is slightly less grandiose but in the end, likely purposeless and economically harmless.
Greeks are preparing a new emission of their bonds. Although only three years but they should bring 2.5-3 billion euro to the country.
Bulgaria became a member of the EU, it became a member of NATO, but still, I don’t think that the expectations that everybody had when it joined the EU in 2007 were matched to the full extent.
Public Power Corporation has reported last week that many Greek households and corporations are not able to fulfil their obligation to pay their electricity bills.
Truly, the European Three Kings, or rather presidents, already took over our Nobel Peace Prize. While it does not look very peaceful in the Spanish and Greek squares, peace prevails at least at some of the union political fronts.
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…
Spanish economy is now producing nothing else but promises. Why to lock trash bins and how many policemen are needed against one disabled person? IMF against the EU
Unexpected news came from Scandinavia last week. Sweden will have lower corporate tax rate than Slovakia! Last Thursday Swedish government announced its intention to lower tax rate from 26,3% to 22% in order to „strengthen climate for investments and growth“ in the country. Well, even Scandinavian socialism is not what it used to be. Truly shocking news from Southern Europe: Greece will need a third bailout. According to the country’s representative in the negotiations of…