Economic inequality is often used to justify state intervention in Europe, but historical data suggests economic freedom is more effective in reducing poverty and improving prosperity.
Several competitiveness rankings assess factors such as law enforcement, infrastructure, and taxation law from a business perspective. However, they often lack accessible and practical explanations of how these factors impact the daily operations of small businesses.
According to the Treaty on the Functioning of the European Union, adopting the euro as the national currency is a mandatory requirement unless an explicit exception is agreed upon.
I came across a statement that surprised me with its boldness. It claimed that in 2008, the economic strength of the eurozone was roughly at par with that of the US.
When Slovakia joined the EU in 2004, the union accounted for 26 per cent of the world's gross domestic product (GDP), just behind the US at 28 per cent.
As we celebrate 20 years of CEE membership in the Single Market, what are the liberalising regulatory reforms that can ensure the competitiveness of the EU for the next 30 years?