” Growth is an outcome, not a policy”
We seem to have forgotten fundamentals. Even Keynes recommended lowering taxes in periods of recession to boost consumption and investment. Sweden tackled recession cutting taxes (see here since 2006 corporate taxes to 22% and service sector VAT from 25% to 12%), and Chile, the UK and US have succesfully avoided tough economic environments by keeping low taxes to companies and job creators. Continue reading Cut Taxes To Boost Job Creation
“The ECB and the creditor nations cannot and will not save governments that are unwilling or unable to save themselves”. RBS research
Slovenia has suddenly been forgotten by markets despite a banking system with average non-performing loan rate of 20%. This is what mass liquidity does to markets. If the country is in recession and the markets remain weak, it may need between 9 and 13 billion euros between 2013 and 2015 (25-38% of GDP, according to JP Morgan). If it follows a bail-in process like Cyprus, it will likely impact European banks by c15 billion. Austria, Italy, France and Germany would be the most affected. Continue reading The ECB, Europe and The Real Growth Plan
You can access my chat with students at the London Business School, discussing the energy model in Europe, the risks and opportunities for different technologies and the outlook for the economy here:http://www.london.edu/videoandaudio/podcasts/spanishleadershipseriesdaniellacalle.html Continue reading My chat at the London Business School about the energy model in Europe
This article was published on The Commentator on February 11th, 2013. Link here.
Pope Benedict XVI surprised everyone this morning announcing he would resign on February 28. “I have come to the certainty that my strengths, due to an advanced age, are no longer suited to an adequate exercise of the Petrine ministry”, he said in a statement published by The Vatican. Continue reading Against relativism, Pope Benedict has shown the way