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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 […]

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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 […]

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 […]

Europe is supported by one pillar only…

Europe is supported by one pillar only…

Written by: in: Economy

Not only in Europe but also elsewhere, people are commenting on the possible Greek’s exit from the eurozone. I am not going to dwell on that utopian socialist lamentation. When you read in a newspaper that a strong Europe says to Greece ‘you’ve done that yourself so don’t expect us to be merciful’ you can […]

“The Captive Mind” – stop it! – an interview with Leszek Balcerowicz

“The Captive Mind” – stop it! – an interview with Leszek Balcerowicz

Written by: in: Economy

Liberte!: The state of public finances and the demographic situation in Western Europe suggest that authorities will have to spend less money on welfare services. States will not engage in social politics so much as a consequence. Has time for reforms already come? Leszek Balcerowicz: It is common knowledge that states have to spend less […]

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On the likely benefits from the Greek lesson

On the likely benefits from the Greek lesson

Written by: in: Economy

The mass media, along with the political, social and economic authorities, flood us with comments on whether Greece leaves the Eurozone or not – and what costs Greece, the Eurozone and the world (including Poland) would have to bear. The markets suffer from consecutive tremors. A disaster is coming – they announce. Meanwhile, it would […]

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 […]

Poland may become another Singapore

Poland may become another Singapore

Written by: in: Economy

Poland may become another Singapore – Błażej Lenkowski’s interview with Cezary Smorszczewski We are located between two powerful countries. The former is one of the greatest exporters in the world. We sell low-processed goods there and, as a result, our profits are insignificant. The latter country’s economy is based mainly on natural resources. Could we […]

Reflections On The Edge Of Bed

Reflections On The Edge Of Bed

Written by: in: Economy

Reflections on the destiny of the eurozone and on the steps being taken to avert the crisis reminds me of an old joke: one girlfriend whispers to the other that she has not enough sex in her new marriage and the other asks – Isn’t your husband interested in sex? – No, the former answers. […]

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 […]

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