Economy
Europe on its last legs
Europe is in crisis. Not for the first and not for the last time. The only reasonable solution is to integrate more. Contrary to what one could have expected, supporters of the option of enhanced integration are anything but scant.
Not so long ago, it seemed that the worst was over. More cautious commentators warned against [...]
A Wish List for 2012
During the last day of 2011, just when the fact that GDP has not been exceeded by 55% was being hailed as one of the year’s triumphs, I tweeted my wish list for 2012. To sum up it was for the euro zone to stay intact, for the government to keep its promises, for investments [...]
Healthy people of Europe
Growing compatibility of Polish and German economies is an argument for closer co-operation for financial discipline and stronger economic integration of the European Union.
‘Polnische Wirtschaft’ – this cluster of words has never sounded flattering in German mouth. In the colloquial language of our western neighbours Polish economy was for a long time a symbol of [...]
Future of euro is rather political than economic matter
The history of the ancient common currency shows that everything depends on politics, not the economy. For example, Latin and Scandinavian monetary unions collapsed, because of the cessation of unrestricted flow of gold between the forming countries at the outbreak of World War I; also the Austro-Hungarian and succeeding Czechoslovak crown disappeared along with the [...]
Economic and social crisis in Greece
In spring 2010 Greece, unable to pay the debt off, turned for help to the European Union and the International Monetary Fund and received 110 billion Euros in installments spread over 3 years. A year after the negotiations in Greece – instead of reforms –came hard times, and the country is still plunged into crisis [...]
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Chimerism – symbiosis between Chinese and American economy
Too much risk tolerated by the authorities, mistakes in the financial policy of the Federal Reserve and the politization of the real estate market have become easier by the policy of China, which invests current account surplus mainly, though not exclusively, in the bonds of the US government. While foreign countries notice a chance of [...]
Can China be a new strategic partner for Poland?
In the world where the West becomes weaker and the East more powerful, Warsaw has to look for new allies. Can the world so different as Poland and China find a common language?
I remember very well the day when I ‘discovered’ new, unknown China. It was September 1999. I was wandering through Liulichang, [...]
Who and why writers scenarios for the future…
There is a greater demand and supply for prophets, visionaries, specialists thinking about future and even journalists who let their imagination run free in times of higher uncertainty. We live in such times; no wonder that there is a plethora of various scenarios and forecasts. It also applies to economy.
Many of them are not grounded [...]
Capitalism is doing well.
Today, when Poland is recovering after the crisis, when countries of Western Europe are falling into a spiral of debt, where there is a significant expenditure reduction, return of capitalism, which we deal with, is the most spectacular in the history. I do not remember such a rapid recovery of free-market thinking about the economy [...]
The implications of gas crisis between Belarus and Russia
Paweł Luty: Recently we have experienced a huge crisis between Belarus and Russia over natural gas. Belarus owed Gazprom millions of dollars. Minsk answered that Russians also had not settled their debt for the transit of LPG. Apart from the economic reasons, do you see any other source of the conflict?
Przemysław Żurawski vel Grajewski: [...]
