European Union

Are we addicted to safety?

Many Europeans are cushioned from conception to death. The side effect is that people believe the government will protect them against everything and stop thinking for themselves. If we don’t want a future society filled of people that have to be taken care of it’s time for governments and the European Union to step back and let people use their judgement about what’s safe and what’s not. [...]

Investors have lost confidence in politicians – Have you?

The recent inability of US politicians to compromise have lead to US credit rating being downgraded. Add to that European politicians’ inadequate response to the debt crisis in the euro zone and it’s understandable markets are in turmoil. Politicians all over the world really need to step up to the plate and do something drastic to reduce the risks to the global economy. [...]

Will Greece go bankrupt?

Martin Feldstein, Harvard professor of economy thinks it will. If it wasn’t for the Euro the current situation would have been easier for Greece to handle, he says. Can it really go that far? Not overnight, but nobody would have believed two years ago that Lehman Brothers would go bankrupt. Or Russia defaulting a decade earlier for that matter. [...]