CĂUTARE (7)

Bruegel Institute

BNR's stern warning: public debt sustainability, major risk for the national economy

The Governor of the National Bank of Romania, Mugur Isărescu, issued a clear warning yesterday regarding the direction of economic reforms and the risks associated with current fiscal policies. In a message directly addressed to the government,...

How to finance incompetence and corruption? We raise taxes

For the sustainability of public debt, given that the budget deficit reached 9.3% of Gross Domestic Product last year, a massive fiscal adjustment is necessary, i.e. a drastic reduction in public spending and better collection of revenues to the...

Why is capital flight from Italy and Spain accelerating?

The European Central Bank has recently published the data of the TARGET2 (Trans-European Automated Real-time Gross settlement Express Transfer) system, which facilitates real time settlement for payments in Euros.

"For the first time we have agreed on a bail-in which is significant for protecting taxpayers", Jeroen Dijsselbloem, Dutch finance minister and president of the Eurogroup said.

A bail-in for dividing Europe

In the beginning was denial. The financial crisis sparked by the subprime crisis in the US was not supposed to extend to Europe, according to the statements of the officials which were being made a few years ago. The health of banks was not even...

INSTITUTUL BRUEGEL:Programul de asistenţă financiară pentru Grecia este un eşec

Programul de asistenţă financiară pentru Grecia, lansat acum trei ani, este un eşec, iar creditorii internaţionali trebuie să recunoască într-o zi că ţara nu va putea rambursa datoriile, se arată într-un raport al institutului european de...