The Greek economy is starving, unable to breathe, and this is clearly evident from a survey by the Athens Chamber of Commerce and Industry published last week. The ACC is calling on the government to correct the suffocating situation faced by small and medium-sized enterprises due to government policy. They focus on the following: over-taxation, …
Category: EU
proposed fiscal policies about eu
Europe’s Welfare State: expensive and ineffective
European states have the largest welfare systems among OECD members and among the most expensive in the world, symbolizing the post-war social democratic social contract. But all of this has begun to be overturned with the pandemic and later the Ukrainian crisis as a starting point. At the same time, Europe’s economic dynamism has faded …
European Productivity: Slowdown with wage freezes and layoffs
Productivity in Europe is slowing, putting a damper on real wage increases, the International Labour Organization (ILO) has found. In its “World Employment and Social Outlook Trends 2025” chapter, the ILO highlights that labour productivity has declined since the COVID-19 pandemic. Real labour productivity per hour worked in the EU-27 economies fell by 0.1% per …
The falsely called “primary surplus” of the Greek Government’s budget is a statistical trick
In the new budget submitted to Parliament, the deficit increases from 5.7 billion in 2024 to 5.9 billion in 2025. If all public bodies, legal entities, hospitals, social security funds (SSFs) and municipalities are included, some of which obviously have a surplus, then the deficit of the so-called General Government is limited to 1.4 billion …
Anger over high cost of living has brought down 70% of governments in developed countries
Donald Trump’s victory over Kamala Harris and the Democrats in the November 5 elections represents part of a broader phenomenon: Most governments in developed economies have been swept away by public anger over rising prices. And this despite the mainstream media and political elites saying that inflation has been… defeated and everything is returning to …
Money is credit – Currency depreciation is inflation & inflation is silent bankruptcy
The increased prices constitute a “hidden” tax for citizens and a means of state control of economic activity.
ECB: Inverted Bond yield curve warns of coming pain and 2008-style recession
The possibility of a major financial crisis, similar to the one that occurred when Lehman Brothers went bankrupt in 2008, is increasing day by day. An important indicator in this regard is the inverted yield curve of US bonds, which is historically associated with recessions. As an example, it is worth noting that from the …
After Inflation, the beginning of Recession or Stagflation?
The inflation phenomenon continues to weaken recently (at 2.5% in June in the Eurozone) although as has been emphasized several times this does not mean that prices are falling. Accuracy remains a “noose” for incomes, a condition that can lead to a parallel weakening of economic activity and investment and ultimately to recession. The odds …
Target 2 is a nightmare for France and other EU member countries
In France, President Emmanuel Macron accuses Lepen and the right or other far-right that if he comes to power – which is a given, based on the opinion polls so far it reaches 35% – that chaos will be caused in the French debt. They said the same about Italy but they say nothing about …
The European economy will die a slow death day by day – Unless something changes immediately
Europe’s economic underperformance has long worried politicians. But the problem has climbed to the top of the debate agenda now that the development gap with the US has widened, following the twin shocks of the coronavirus pandemic and Russia’s war in Ukraine. Last month, French President Emmanuel Macron warned that Europe faces a “mortal” threat …