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What does Trump's return mean for Europe's economic future? In a word, difficulties. Donald Trump's return to the White House poses a serious challenge for Europe, which is heavily dependent on the United States economically. The expectation is that Trump will adopt a significantly more aggressive approach to trade and economic policies, which ...

The epidemic in China has caused an almost historic slowdown in global trade in recent weeks. In Europe, the most directly affected are the large economies such as Germany, France and Italy. Italy and France recorded a decline in GDP at the end of 2019, while the total GDP of the euro area rose by only 0.1%. The situation may …

Author: Yaroslav Romanchuk Translation: Marina Zaharieva The Deformation of the Capital Structure – a Volcano with a Wooden Lid (read the first part here) The main problem of the world economy since the late 2010s and early 2020s is the deformation of the capital structure. This problem is clearly, in detail and well-foundedly described by the Austrian …

At this stage of Donald Trump's presidency, it is extremely difficult to answer unequivocally the question of whether his term has been successful in economic terms. On the one hand, we have undoubtedly successfully implemented economic reforms, such as the reduction of corporate and personal tax rates, as well as the deregulation of a number of over-regulated sectors from …

Let's not be fooled. The European economy is on the brink of recession. In the last few months, industrial production in Germany has fallen to its highest levels since 2013 (during the Euro crisis). This has dragged down the industry of a number of other European countries, such as Bulgaria, which rely on Germany as a major market …

Historical knowledge is overgrown with myths. The reasons for this can generally be reduced to two. First, the past is usually projected with political or other goals of contemporary elites and their court historians. The other reason for the mythologizing of the past is its use as a means of escape from …

During the 2016 US presidential race, both Donald Trump and Bernie Sanders emerged as advocates of protectionism and expressed clear support for expanding tariffs and other trade barriers imposed on imports, with both arguing that free trade policies lead to job losses...

“In economics, every action, custom, institution, or law, produces not just one result, but a series of consequences. Of all of them, only one consequence is immediate; it appears simultaneously with the cause (and the action); it is visible. The other consequences appear later; they are invisible; we are lucky if we can foresee them.” …

Overture If you have ever entered a website for online shopping with goods from third countries (i.e. other than the member states of the European Union, or let's put it bluntly - the Far East) and been tempted by the huge variety and relatively low prices, you have decided to save a few leva or enjoy...