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The decision by the rating agency Standard & Poor’s to downgrade Romania’s credit-rating outlook from stable to negative seems to have come as a surprise. I believe that the agency’s explanation was sufficiently clear to exclude any speculations: the large…
Read moreIt was a bullet whizzing past us, investors, bankers, employees, employers, consumers, deposit holders and the list could go on. The 2008 crisis, by its complexity, has had a serious and profound impact on financial and economic systems, in the…
Read more1918 was a watershed moment for Romania and will remain an exceptional year in its history. The stars aligned into a great conjunction that not even the most upbeat dared to dream of. Historian Lucian Boia noticed that the outbreak…
Read moreTo rise up and go it alone against the establishment is not an easily made decision. Despite corporate managers and governments urging transparency, ethical behaviour or the flagging of any unfair or outrageous behaviours, the truth is that, more often…
Read moreOne of the “compelling” arguments that those who refute the danger of the economy slowing down and sliding towards recession put forward is the Romanian consumers` appetite which shows no sign of abating. And why would it while consumer sentiment…
Read moreI repeatedly read the other day an interview by Deutsche Welle with professor Herbert Brucker, researcher on international migration and European integration with the Federal Institute for Employment Research in Nurenberg. He basically argues in favor of immigration to Germany, putting…
Read moreCentral banks in mature and liberal economies have consistently advanced an image of exclusively technocratic establishments and kept political relations to a minimum. The main and single mandate received by most of them, namely to keep inflation under control, meant…
Read moreI read the other day with great interest, as I always do, the opinion of the distinguished professor Valentin Naumescu in his article “Is the wheel of History spinning? Why is the West losing ground to Russia and China? The…
Read moreIn March 2014, the Washington Post conducted a survey in the US on a national sample on Russia`s invasion of Crimea. The question asked was: how should the US act in Ukraine? Given that two thirds of Americans claimed that they…
Read moreThis week a debate between Jack Ma, the CEO of the Alibaba Chinese conglomerate and Elon Musk, co-founder and CEO of Tesla made headlines . The debate between the two took place at the World Artificial Intelligence Conference held in…
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