The recent EU deal on a Russian oil embargo has put upward pressure and volatility again, with Brent prices hovering well above USD120 last week. Trust Economics (https://trusteconomics.eu) estimates that developments in the oil market are expected to hit growth. The geopolitical risk and the EU agreement will keep oil prices high during the summer …
Where are the Economies and Businesses going after the Pandemic and War crises?
The West is also involved in the conflict between Russia and Ukraine, imposing successive sanctions on Russia, while Russia threatens to close the energy supply tap to Western countries. Transiently continuing volatility in the stock markets is normal and expected. After all, the big fluctuations also result in the big benefits-profits, for those, of course, …
The Big Dilemma: Interest Rates Increases or Price Controls
The main driving force of inflation in Europe is not excessive demand, but mainly energy market problems and secondarily shortages and consequent price increases in raw materials or intermediate and final goods, due to the war in Ukraine and the Covid pandemic in China. If nominal interest rates rise do you think the problems will …
7 of the Fed’s 8 Rising Rates Periods (1955-present) ended in Recession in the US
The US Federal Reserve has already raised its lending rate by 75 basis points over the past two months. Money markets anticipate further increases of at least 200 basis points by the end of 2022. The European Central Bank (ECB) has announced the end of its government bond-buying program in the third quarter of 2022 …
The Role of Consulting in Internal Audit
The majority of internal audit departments consume an overwhelming percentage of their plan by doing traditional internal audits – what are known as “safeguards operations” and are the focus of internal audit, and are also the activity where most audit committees are expected to emphasis. However, many internal audit departments, either individually or through outsourcing …
The Uncertainty of the Future produced by the Crisis
The effects of the current crisis are manifold, but there are two conditions that limit the problem: energy prices and inflation. The rise in energy prices was directly reflected in the rise in inflation, which in March reached 7.5% in the Eurozone and 8.5% in the United Kingdom and the United States respectively. These countries …
Greece Returns Rapidly to the Era of Financial Support Packages
Greece, a member-country of the Eurozone/EU with 388 billion euros in public debt and a deindustrialized economy, is in danger of paying dearly for the EU sanctions imposed on Russia. The debt of the General Government of Greece, despite being sustainable in the medium term, despite being supported by the ECB and despite the fact …
The South Eurozone on the red line due to the Explosion of Borrowing Costs
Due to rising global and mainly European inflation, interest rates are generally rising as central banks fight inflation and this is certainly not a time when investors want to increase their exposure to government bonds. Trust Economics points out that Greece’s public debt (Eurozone / EU country) remains viable despite rising borrowing costs and estimates …
The Special Taxation of Family Offices in the EU
Family Offices companies can have any legal form (Ltd, SA, etc.) other than that of non-profit legal entities. Family Offices can be attended by family members, as well as legal entities or legal entities, in which the natural persons or their family members (spouses, unmarried children, parents) participate. In order for the company to be …
What applies to VAT on bad debts in the EU
Under the law, when a company charges VAT on an invoice or other tax document, it has the obligation to reimburse the tax to the tax authorities, regardless of when and if it collects it from the counterparty. Therefore, in terms of VAT, companies essentially act as “tax collectors” on behalf of the tax authorities, …