Europe agrees to boost EFSF – possible implications and problems
Last week brought a breakthrough in the EU’s fight against the lingering eurozone crisis that threatens to bring down the project of the common currency and, as some fear, the whole EU with it. The announcement that European leaders have come to an agreement about boosting the European Financial Stability Facility’s (EFSF) coffers so its [...]
The country where growth stopped
The country which by many experts was once regarded as the economic powerhouse of Central Europe has stopped growing. Newly published data by the European Union’s statistical body, Eurostat, clearly show that in the last 7 years Hungary’s GDP (when compared to the EU per capita average) has almost started to stagnate. This means that [...]
Atlantic Sentinel