State predation is not new in Ukraine. Investigations targeting legitimate businesses – aimed at either extorting money or taking over companies at a fraction of their value – have been a feature of Ukrainian business life since independence. However, large-scale predatory activities by so-called law enforcement agencies were curbed after the Revolution of Dignity.
Economics
Heiner Flassbeck: Germany, surrounded by evil mercantilists
The German current account surplus of probably 7 per cent of GDP in the current year is an unparalleled scandal. However, it becomes a real political catastrophe when Germany accuses countries that have fairly balanced […]
Economics
Eurostat: Annual EU inflation at 9.9% in February
The annual inflation rate in the EU dropped 0.1% to 9.9%. Eleven EU nations still have an inflation rate in double digits. Read Here
Uncategorized
Bill Mitchell: What matters about the Paradise Papers
This is another lengthy piece by Bill Mitchell, but well worth taking the time to read. As he writes: “the problem of tax avoidance and evasion is not fiscal. Progressives get stuck on that point. […]
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