The taxation of capital—at both the individual and the corporate level – is much debated and affects economic growth by lowering the incentives to save and invest.
The Index of Liberalisation unveils which countries rank best in economic liberalisation and provides insight on countries with the infrastructure to rebound quicker following this public health crisis.
At the last Eurogroup meeting, Eurozone finance ministers agreed to set up a ‘Recovery Fund’ to help trigger an economic rebound once the lockdowns are over.
On 15 August, Air Berlin was forced to file for bankruptcy after the withdrawal of funding from Abu-Dhabi based Etihad Airways, which holds 29 percent stake in the German carrier.
According to the latest IBL Super Index, the degree of internal divergence within Eurozone countries keeps increasing. This means that the gap between Eurozone periphery countries, such as – for example – Italy, and other comparable countries in the European Union is widening.
“As Victor Hugo once proclaimed, we have not yet done with being French”, declared Marine le Pen, launching her presidential campaign in Lyon on 4th February.
The conventional account of the Eurozone crisis is one of reckless bankers lending to households and governments far beyond their ability to face those debts.