Economy

Having barely emerged from recession, the European economy is showing negligible growth and, by all accounts, is on the verge of entering a deflationary spiral. A situation similar to that in Japan, which lost two decades of no economic progress. It is time for tough measures from the ECB, warn world-renowned financial analysts and …

Shika Dalmia The days when countries vied with each other for the national (dis)honor of spending their budgets to host the Olympics – or at least the Winter Olympics – may be fast passing. Why any normal city would even want to host these games is a mystery, given …

A quick stroll down the central streets of Portugal's two largest cities - Lisbon and Porto - is enough to reveal a serious problem with the Iberian country's real estate market. Half a dozen empty buildings litter the landscape of Lisbon's equivalent of the Champs-Elysees, Avenida da Liberdade - up to ...

Thomas Sowell The political slogan “War on Women” is actually a war on common sense. The statements of many politicians that women earn only 77% of men’s income and that the reason for this is discrimination are nothing more than statistical fraud. Women would definitely be discriminated against if they were doing the same …

The international system has changed significantly in the past two months. The reason for this was the Russian Federation's bid to regain the status of regional hegemon in Eastern Europe that it lost two decades ago. The method chosen for this is reminiscent of the redistribution of the Old Continent around the two world wars and the creation of the USSR – …

With its decision on April 4 to adopt amendments to the Energy Law in the first reading in parliament, Bulgaria has proven in practice that it is trying to be Russia's "Trojan horse" in the European Union. The changes to the energy legislation effectively remove Bulgaria's obligations to comply with Directive 2009/73/EC...

A game of rich and poor “Nations sometimes do indeed manage to adopt efficient institutions and achieve prosperity, but alas, these are rare cases” Acemoglu and Robinson (2012)[1] The rich-poor contrast has always been a leading theme for many, and elevating it to the level of countries is a particularly thorny issue from an economic perspective. …

It seems that the amendments to the Consumer Credit Act will be approved by parliament. According to the advocates of these amendments, they will benefit the consumer, protecting him from some allegedly bad practices of credit institutions. However, politicians often pay attention only to the visible effects that a law creates …

The Natural Rights of Man and the Limits of Government Patrick Baron In The Law, Frédéric Bastiat presents the irrefutable maxim that human rights precede the formation of the state and, therefore, the collective actions of rulers cannot conflict with these primary rights. According to Bastiat, one can delegate to the state only those …

The first meeting of the Federal Open Market Committee (FOMC) with the participation of the new Fed Chair Janet Yellen rather surprised the markets with Yellen's statement that within six months (i.e., March 2015 at the earliest) after the end of the current Fed program...