POLITICS & POLICY
EU – Corruption: Romania, Bulgaria and Croatia
According to a study completed by RAND Europe, Romania, Bulgaria and Croatia are the most corrupt countries in Europe. The report also advocates the extension of the Cooperation and Verification Mechanism to more member states, and the establishment of a European Public Prosecutor’s office. Moreover, the report indicates that failure to solve the problem of corruption costs the European Union nearly €1trillion every year.
Source: Novinite, 23/03/2016
EU – Laws: Mortgages
According to a law passed on March 21, lending institutions in the European Union will have to conform to a new set of rules when submitting mortgages. Under the newly introduced Mortgage Credit Directive, it should be simpler for clients to choose among financial lending institutions—even though it still is impossible for a citizen to shop for a home loan in another member state. However, the new directive’s ultimate goal is to create a single market in this sector.
Source: Times of Malta, 22/03/2016
Malta – Pension schemes: Financial incentives
According to the Maltese government’s plans, people who work in the private sector, and who can currently retire at 61, will be financially incentivized for every additional year they decide to continue working until they are 65. In the first year, the wage increase amounts to 5 per cent, and it continues until it reaches up to 23 per cent in the last year of work.
Source: Times of malta, 22/03/2016
“Next time you hear the Prime Minister say that Britain must remain in the EU for the sake of our security please think of Brussels. The de facto capital of the European Union is also the capital of jihadism in Europe”.
Allison Pearson, Telegraph columnist
Source: The Telegraph, 22/03/2016
The amount that Italian MPs earn for each hour spent in Parliament.
Source: The Local, 22/03/2016
The number of basis points by which the Hungarian Central Bank’s base rate has been cut.
Source: Bbj, 22/03/2016
Photo Credits CC: Garry Knight