INESS

For the fourth time, the Institute of Economic and Social Studies INESS has been honored to organize the event commemorating Milton Friedman, one of the most notable flag bearers of economic liberty.

Let’s see what kind of an enemy our politicians will find when trying to explain new problems. For example, when we’ll have to lend again to Greece, which has found an unfilled gap equal to €11 billion in its budget for 2014 and 2015.

The Ministry of Labour proposes a minimum wage increase, which will decrease job creation

Gloom approaching Italian banks. Portugal wants to decrease income tax. Obama’s hard drive is small.

In Britain, there is a long-term discourse on the issue of setting a boundary to the power concentration in Brussels. This discussion will probably lead to a referendum on leaving the EU.

The week of accusing, voting, and reporting. Berlusconi, French socialists, the Cypriot president as well as the government of Iceland wanted to say something to the world.

Recent developments have already split even the almighty Troika (ECB, IMF, European Commission) which negotiates conditions for providing loans to bankrupted European economies.

Today, we can only laugh at our ancestors, the book copyists, who were fighting against the printing press, because it was taking their jobs and incomes. Our successors will once laugh at our silly ideas.

The Greek nationalist party Golden Dawn became a subject of another scandal when one of its members shouted Heil Hitler! in Greek Parliament. Nevertheless, its popularity is growing and the last poll showed 11,5% support. Kind of difficult to understand it since the Greek nation suffered from one of the hardest Nazi occupations in non-Soviet Europe; but democracy brings also surprises like this.

The financial crisis has been with us for six years and counting. The symptoms don’t change - growing unemployment, low or even stifled economic growth, the same ineffective measures adopted by governments and central banks.