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Euphoria rules

Euphoria rules

Written by: in: Economy

It’s again become impossible to know whether to laugh or cry. One day the markets react with disappointment to ECB President Draghi’s vague statements (despite his declaring unequivocally that there is the possibility of buying up government treasuries on the primary market) – the next day markets are bursting with euphoria when the Spanish premier […]

Things have just got worse … again

Things have just got worse … again

Written by: in: Economy

Last week saw in a whole raft of very disturbing news. Once again disaster was on everyone’s lips  while others said “I told you so”.  In the eye of the storm was the news that Sicily and Valencia needed bailouts and that the yield on 10 year Spanish bonds had risen to 7.75%.  Spain is […]

We CAN (if we really want to)

We CAN (if we really want to)

Written by: in: Thought

How is it that when we truly desire something, we will climb mountains to achieve our goal and succeed, but if we tackle things with even just a little less determination, we get the same tired old results? Let me go back to the fall of communism and its replacement with the free market model. […]

How are we going to benefit from Euro 2012?

How are we going to benefit from Euro 2012?

Written by: in: Economy

In the midst of the soccer hype, we can’t forget that the world is not over after the Euro 2012. In several different reports, we could find out that Poland spent PLN 100 billion (which is an astonishing number for a not-so-rich country). After a while, it turns out that the stadiums cost us PLN […]

It won’t be easy for Greeks

It won’t be easy for Greeks

Written by: in: Politics

The Greek elections’ outcome came with a sigh of relief for Europe. Of course, European decision makers were prepared for the back-up plan, in which they would need to talk to the leader of populist SYRIZA, but those talks would be much more difficult and less predictable as to their final outcome. However, it will […]

Tourists avoid Greece fearing the consequences of the debt crisis

Tourists avoid Greece fearing the consequences of the debt crisis

Written by: in: Economy

The Europeans are afraid to book trips to Greece for their vacation, fearing the aftermath of the parliamentary elections planned for June 17. In the last weeks, the number of reservations dropped by half. ‘We have experienced a 50% decline in bookings since the elections on May 6,’ said George Drakopoulos, general director of the […]

Arguments for increasing retirement age

Arguments for increasing retirement age

Written by: in: Economy

Debate on a longer retirement age is difficult owing to the fact that the most important arguments are non-intuitive. In communism era things seemed to be clear. Since the state guaranteed a fixed pension, early exit from the labour market was the most rational choice for an average citizen. Because seniority had indeed a minor […]

„Buy French!” … and a look at the causes of stagnation

„Buy French!” … and a look at the causes of stagnation

Written by: in: Economy

Nicolas Sarkozy, coming into the home straight of the presidential campaign, is urging the French to spend their money on locally manufactured goods. His rival, Francois Hollande, also spoke in similar vein recently, albeit in a less nationalistic tone. But in essence they are both saying the same thing – that Europe must protect its markets both by encouraging […]

Positive effects of the crisis

Positive effects of the crisis

Written by: in: Economy

The economic slowdown that currently takes place in Poland has also some advantages, as it is the time when more traditional strategies work, all hooray-optimistic plans will fall apart and when the 100% mark-up has to be reduced. Fortunately, what we deal with in Poland is only an economic slowdown and not the recession, such […]

Has the crisis in the USA come to an end?

Has the crisis in the USA come to an end?

Written by: in: Economy

Recent data on American economy may give some cause for optimism. The employment increased at 243,000 in the non-agricultural sector and 257,000 in the private sector. It proves undoubtedly the upturn in the job market. Taking into consideration that the situation has not changed for months, we may be optimistic about American economy. Although the […]

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