“How much space for fiscal expansion? Germany falls victim to ‘output gap nonsense’” By Philipp Heimberger, courtesy of WIIW The German economy is in a downturn. The growth rate is currently among the lowest in the euro area, and numerous economic research institutes have revised their forecasts downwards. German industry is already in recession. In […]
Tag: budget
How about we stop budgeting by crisis?
“AFP Calls on Congress to Stop Budgeting by Crisis as Funding Deadline Looms” Courtesy of Americans for Prosperity As Congress moves ahead with another continuing resolution (CR), Americans for Prosperity (AFP) outlining an alternative to stop-gap funding bills and budgeting by crisis. Year after year, Washington brings America to the brink of a […]
Are Argentina’s problems really insoluble?
“Why Argentina’s Problems Have No Solution” By Marcelo Duclos, courtesy of PanamPost and Libertad y Progreso Whenever there is a problem that requires a solution, there are two possible scenarios: the problem can be solved and left behind, or we face failure, and everything remains as it is. In an adverse situation, things may actually […]
What’s up with EU budget rebates?
“Who pays for the EU budget rebates and why?” By Zsolt Darvas, courtesy of Bruegel Institute The question of ‘rebates’, or revenue corrections, is one of the hot topics of the discussion about the next seven-year EU Multiannual Financial Framework (MFF). Since the mid-1980s, a complex system of corrections has been built up. […]
EU transfers fuel corruption, white collar crime
“There is a case for reforming the long-term EU budget” Courtesy of Open Europe On October 21th 2019, Open Europe’s Pieter Cleppe gave evidence to the Committee on EU Affairs of Germany’s Parliament in Berlin, discussing the long term EU budget 2021-2027, which is currently being negotiated. A briefing provided by Pieter Cleppe detailing how […]
“Both parties have abandoned fiscal restraint”
“Both parties have “abandoned fiscal restraint” in favour of more borrowing” By Prof. Syed Kamall, courtesy of IEA Today’s election speeches show both parties have abandoned fiscal restraint in favour of increases in public spending to be paid for through extra borrowing. The Labour Shadow Chancellor has pledged to more than […]
Tories get in touch with their spendy side
While Conservative Prime Minister Boris Johnson isn’t afraid to utter the c-word — that’s “capitalism” — in pleasant contrast to his immediate predecessors, his government seems to be steering away from other longstanding Tory principles, namely those of fiscal responsibility and small government. So […]
Germany must finally spend more, very carefully and precisely
“Notorious” and “prudent” are not words often found together, but it is fair to say that Germany is notoriously prudent with its national finances, thanks to a longstanding rule requiring politicians to balance the federal budget — an unimaginable scenario in virtually any other country. The […]
Reaching UK climate targets will cost up to £20B per year
The UK has set itself the goal of achieving “net zero emissions” by the year 2050 — and that will require some serious new spending, according to a government report cited by The Guardian. The report, authored by analysts at Vivid Economics, […]
PRO Labor Act – a disaster in waiting, flexible parent leave & more: WASHINGTON BEYOND THE HEADLINES
By Andy Blom, TES Contributor At Last…Our Senators and Representatives are busy, energetic and hard at work! Unfortunately that’s because they are in recess and off trying hard to get re-elected. Never fear, in a few short weeks they will be back in Washington spending endless hours and countless taxpayer […]