The world is warming up and now “boiling”, according to the new definition by UN Secretary-General António Guterres. Yet, instead of tackling the “climate crisis”, governments are subsidising fossil fuels.…
Europe
Is a return to sound public finances possible, and is it probable? This topic will be discussed in another interesting talk at the Anglo-American University in Prague. Jan Schnellenbach as…
What are the lessons for Europe from the demise of Silicon Valley Bank?
Silicon Valley Bank (SVB) has gone from hero-to-zero in 48 hours. From established bankers to start-ups in the tech, fintech, and biotech industries and to Napa Valley’s premium wineries on…
Bulgaria Has Postponed its Entry into the Eurozone. What Does this Mean?
Introduction – Bulgaria’s recent announcement On 17 February, Bulgarian finance minister Rositza Velkova announced that, rather than continue as planned with the full, formal adoption of the euro on 1…
Background Since December 2020, Azerbaijan exports natural gas to Europe via three interconnected pipelines – the South Caucasus (Baku-Tbilisi-Erzurum or BTE, operating since 2006), the Trans-Anatolian (TANAP, Erzurum-Eskişehir, inaugurated in…
This time is not about the size, shape and texture of peas or plums. It’s about one of the main economic sector in the EU: about 13 million Europeans work…
While brilliant and timely political and economic reforms characterized the Baltic states, in the early 1990s, Georgia remained under the direct political and economic influence of Russia until recently. Georgia…
Italy’s general elections took place on September the 25th. As expected, the centre-right coalition got the majority in both Houses and its leader, Giorgia Meloni, who is also the leader…
The ECB Report on a digital euro states explicitly that a digital euro would support the role of the European Union as a sovereign entity and foster the international role…
And in France, there is a high level of unemployment whereas it is low elsewhere. And elsewhere, there is no Labor Code, no unions, no judges, and everybody is satisfied with the freedom of work, as reported by IREF European contributors.