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 […]

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 […]

Brussels’ knot

Brussels’ knot

Written by: in: Politics

The victory of Francois Hollande who has been sworn in as President of France on May 15 signalled the end of a continent-wide consensus around policies to confront the economic crisis. Mario Monti, Manuel Barroso, Mario Draghi, similarly to Socialist President Francois Hollande, start stressing the need to promote growth instead of German austerity measures. Herman Van Rompuy  announced a special summit […]

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 […]

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 […]

Trains going in opposite directions

Trains going in opposite directions

Written by: in: Politics

Undoubtedly, as in the words of Samuel Brittan, the Financial Times columnist, we have recently been living in “a gloomy era of the glorification of the state.” The public sphere has been dominated by the amateurs trying to fix capitalism and the politicians who mainly shout at the “greedy financiers.” The new prophets of anti-capitalism, […]

Biblical story solves the European crisis

Biblical story solves the European crisis

Written by: in: Politics

European politicians have been going out of their ways to find the antidote for the virus consuming the other countries of the Old Continent since the advent of the second “state” wave of the current crisis. A diagnosis does not arouse a controversy, though. The balloon of the social promises made to the citizens has […]

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