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 […]

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 […]

Wrocław Global Forum 2012

Wrocław Global Forum 2012

Written by: in: Thought

Between 31 May and 2 June 2012 Wrocław hosted Wrocław Global Forum 2012, co-organized by The Atlantic Council of the United States. This year’s edition was entitled “Reinventing the West: Prosperity, Security and Democracy at Risk?” For three days experts, politicians and economists were discussing various issues in numerous panels. After welcoming remarks by Rafał […]

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 […]

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. […]

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 […]

Future of euro is rather political than economic matter

Future of euro is rather political than economic matter

Written by: in: Economy

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 […]

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