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  In about tweet: Slovenia created a “bad bank” to solve the banking crisis. It hired Scandinavians to run it independently of old boys’ networks. They got too independent and were sacked. As a measure for saving its failing banking sector, Slovenia in 2013 established a “bad bank”, officially called Bank Assets Management Company (BAMC).… » read more

Posted by Žiga Turk

Greek elections were not about the end of austerity and debt-write off. This was just an election narrative that captured the hearts of the Greek electorate and, surprisingly, dazzled large majority of the pundits, commentators and economists in Europe. As good as it gets As financial analysts are explaining, countries like Italy, Spain, and Portugal… » read more

Posted by Žiga Turk

Optimism Gap in the EU too

On his blog, Daniel Pink is writing about the CNN poll that is finding, that people have a much more positive view on their personal situation than on the state of economy in general. And concludes: If enough people think everyone else is doomed, eventually they’ll doom themselves. How true. A Eurobarometer study reports the… » read more

Posted by Žiga Turk