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financial crisis

Message in a Battle – Austerity in Europe and Lessons for Central and Eastern European Member States

Kovács, O. (2013): Message in a Battle – Austerity in Europe and Lessons for Central and Eastern European Member States. News of the Month, ICEG European Center, November 2013, pp. 8-18. In this article we purport to illustrate why differential diagnosis is inevitable when it comes to fighting against the tide to gain control over indebtedness and dampen sovereign risk in European countries. To this end, we first loo
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A Time When Greece and Poland were in Tandem?

Kovács, O. (2011): A Time When Greece and Poland were in Tandem? News of the Month, ICEG European Center, March 2011 pp. 4-6. This article addresses the issue whether the CEE countries have left the international markets calm during the global financial meltdown and economic crisis which brought a new question onto the agenda: the European sovereign debt crisis.  The EMU is to feverishly tackle the problem of the per
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From the 1800s to the Future – Forecasts and Fiscal Institutions

Kovács, O. (2010): From the 1800s to the Future – Forecasts and Fiscal Institutions. News of the Month, ICEG European Center, November 2010 pp. 4-9. Our article attempts to illustrate whether the use of fiscal institutions (e.g. independent fiscal councils) of certain European countries are taken into account by fiscal position-related forecasts reflecting that these institutionalisations positively affect the progno
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