By Luis Pablo de la Horra, courtesy of the Austrian Economics Center Deflation is the most feared economic phenomenon of our time. The reason behind this a priori irrational fear (why should we be afraid of prices going down?) is the Great Depression. The most severe economic crisis of the 20th century was accompanied by a […]
The 20-year-old Toledo Pact, by which Spanish politicians attempted to head off the long-term unsustainability of the national pensions system, is defunct, writes F. Cabrillo of Spanish think tank Civismo. Cabrillo notes that the Spanish roundly rejected plans to import privatized models some decades ago, and now the national pension system is “bankrupt.”
Hungary’s economy grew at the smoking rate of 4.8% in 2018, second only to Poland, according to GKI Research. But economic headwinds are growing: GKI notes that Hungary’s deficit and inflation rates are among the highest in Europe, while a new raft of government spending is now rolling out.
