While the Covid-19 pandemic was initiated by China (Wuhan Province) and it appeared that the Chinese government was taken by surprise, the subsequent successful management of the response to the pandemic strengthened Chinese citizens’ confidence in the communist regime of China, increased the national confidence and pride of the Chinese (always comparing it to the …
Category: Proposed Fiscal Policies
fiscal analysis
Guide to Poor Countries to Recover from Bankruptcy
According to a recent report by the International Monetary Fund (IMF) and the Institute of International Finance (IIF) from 2016 to September 2020, global debt has increased by $52trilion while in the period 2012-2016 it has increased by $6trillion; global debt is expected to exceed $277trillion in total by the end of 2020. The biggest …
The Problematic Course of the Eurozone (EU) Economy and the Proposed Corrective Policies
The indications to date for the euro area economy raise reasonable concerns, increasingly removing the scenario for a recovery of its V-shaped economy and increasingly approaching the scenario of slow and uneven K-shaped growth. At the same time, the governments of the euro area member countries are particularly concerned about the further recession that the …
Turkish Economy Crisis Reflects Turkish Lira Crisis
The Crisis of the Turkish Lira is a direct consequence of the crisis of the Turkish Economy. The fall of Turkey’s national currency continues. In 2016 and specifically before the effort to established a coup in Turkey, the Turkish lira and $USD exchange rate was at USDTRY: 2,93 (June 10, 2016) while last week it …
The Resilience Of The Philippine Economy
The Philippine economy has so far shown a high degree of resilience to the economic crisis that has hit the planet, both in developed economies and in the economies of developing countries due to the Covid-19 pandemic. The stability of the Philippine currency against the $USD shows its due to the truth as to the …
The Proper Way to Organize and Manage the Development (NSRF) Funds in order to achieve Growth in the Eurozone
In order to achieve a balanced development across the Eurozone, there should be a combination of centralized control and management of the available funds for development (the National Strategic Reference Framework (NSRF) documents are the EU funds at national level) by the Commission. At the same time there should be a centrally coordinated management and …
The Individual and Governmental Responsibility and the Ways to improve the Healthcare Systems to efficiently respond in Pandemics
Since the eruption of the Covid-19 (Coronavirus) outbreak in the countries of the West (EU, UK, USA, etc.) which are severely affected and the adoption of restrictive measures on the movement of citizens and a general lockdown on their economies, the governments of all these countries that are taking these measures constantly say that in …
How the US and the World’s Countries will avoid the Economic Armageddon caused by the Lockdown of Coronavirus Pandemic
The terrifying economic downturn that the developed economies of the world are gradually facing, especially that of the US, due to the Covid-19 (Coronavirus) pandemic is much worse than the global financial crisis of 2008 caused by the collapse of the US investment bank Lehman Brothers Holdings Inc. This is because the current crisis is …
Governments and Central Banks React while the World Economy Enters in Recession Coma
The EU last week announced that the enforced rules on budgetary discipline are being suspended in order the member-countries of Eurozone to deal drastically with the upcoming recession due to the Covid-19 (Coronavirus) pandemic. The US Senate House on March 25 approved the $2trillion fiscal package proposal of US President Donald Trump to supprot the …
The Proper Way to Achieve the Single Operating Federal Type Budget of the Eurozone – Part I
The one and only budget of the Eurozone to become fully operational should be based on the full implementation of the correct fiscal stability rule in all the budgets of the general governments of its member states. The EU has in general set a proper fiscal framework in which should move the state budgets of …