Eurozone economy desperately needs internally driven growth

With economic growth in Eurozone proving to be weak, uncertain and widely varying between member states, government spending has become the only possible source of a much hoped for resumption of economic activities. On the other hand, stock exchanges have gained a lot since the beginning of the year, in a way that is not […]

EU Banks still get subsidies from impoverished citizens

Five years after the melt down of the western financial system, triggered by the bankruptcy of Lehman Brothers in September 2008, and the European taxpayers still pay the price. According to European Commission’s estimates the cost of government (aka taxpayer and all citizens) support to failing banks in Eurozone reached €4.5 trillion during the first […]