On the Cato at Liberty blog, Chris Edwards shared some hopeful thoughts on the fate of postal privatisation – which people of a sound mind should certainly cherish.
Post-crisis financial regulation of banks and new regulations being developed for insurance companies have likely contributed to the dearth of financing for EU companies. The Commission must consider the adverse impact that regulatory measures, both at Union and Member State levels, have had on business finance.
The economic and financial crisis has affected the ability of the EU financial sector to channel funds towards the real economy. Heavy dependence on bank intermediation, combined with bank deleveraging and reduced investor confidence, has reduced funding to the economy.
So‐called “sin” taxes are very much in fashion in France and elsewhere. With the aim of reducing “sinful” behaviour and financing the health care system, public authorities are planning to raise the tax load on alcohol and tobacco even higher.
Western governments have developed unfunded social insurance programmes where retiree benefits are paid for from the taxes of the working-age population. This means that an ageing population leads to rising expenditures that cannot be covered without increasing taxes on the young.
Regulation, specifically Interchange Fee caps on credit and debit cards, would be especially harmful to consumers and new merchants or start-up businesses that rely on or are developing new innovative solutions for the e-commerce market.
Brussels, 24 September – The European Union spends €7.5 billion a year on non-governmental organisations, even if some of them act against the public interest, according to a new report.
Digitalisation carries a promise of growth, jobs and culture to all, but ironically, it is by and large the old analogue economy that finances the digital one