regulations

June 1, 2014

Position on Expanding the Interchange Fee Regulation to Commercial Payment Cards

The measures proposed by the European Commission are not suitable for achieving a single market in card payment services. On the contrary, the measures proposed by EC would be harmful. The regulations would have the greatest negative effect on consumers, who are likely to incur relatively higher card handling fees, and to lose part of discounts or incentives.
March 1, 2013

Euro Puppets: The European Commission’s Remaking of Civil Society

With public confidence in the European project waning, the idea of initiating a ‘civil dialogue’ with the public emerged in the mid-1990s as a way of bolstering the EU’s democratic legitimacy. Citizens have been ventriloquised through ‘sock puppet’ charities, think tanks and other ‘civil society’ groups which have been hand-picked and financed by the European Commission (EC).
June 1, 2012

The Shadow Economy

Measurement of the shadow economy is notoriously difficult as it requires estimation of economic activity that is deliberately hidden from official transactions. Surveys typically understate the size of the shadow economy but econometric techniques can now be used to obtain a much better understanding of its size.