POLITICS & POLICY

Slovakia – Schengen: The consequences of terrorism

After the Brussels attacks many have renewed calls for suspending the Schengen agreement for free circulation of people in Europe. According to the Slovak Spectator, however, ending Schengen could have a very negative impact on European economies, and on the European Union as a whole. It is estimated, for instance, that Slovakia could lose between €1.5 and €7 billion in ten years.

Source: The Slovak Spectator, 24/03/2016

Portugal – Government change: Tax cuts?

Even though the Portuguese government has changed, in terms of taxation 2016 does not look too different from the previous year. Prime minister António Costa has announced that, generally, taxes would be cut but indirect taxes such as tobacco and fuel duties will be raised. Income tax rates, currently between 14.5 and 48 per cent, will remain unchanged (and have been since 2013). The new government is committed to easing austerity and reducing taxes, and therefore may be forced to impose higher capital taxes for the wealthy.

Source: Portugal resident, 24/03/2016

Sweden – Economic growth: Important results

According to the National Institute of Economic Research (NIER), Sweden will enter a period of extended growth this year. The agency maintains that Sweden’s GDP will grow by 3.5 per cent during 2016. Such an estimate follows the country’s 4.5 per cent GDP boost last year. At the same time, inflation should stay under 2 per cent, meaning that Sweden’s central bank will keep interest rates at low levels.

Source: The local, 23/03/2016


THE STATEMENT

“As has historically been the case, the danger posed by EU citizens travelling to the UK is real, but relatively minor. As elsewhere, though many attacks in the UK over the last 15 years have involved a link to a group or faction overseas, almost all have seen local people attacking local targets with locally-sourced means. The threat in the UK does not come primarily from Belgians, Germans or Spaniards but from Britons. It is difficult to see how having “greater control over immigration from the EU” will help the UK stop them”.

Jason Burke, columnist of The Guardian

Source: The Guardian, 24/03/2016


NUMBERS

 

€8,75 million

The amount that the EU is spending for an on-the-job training programme in Slovenia.

Source: STA, 24/03/2016

 

1.4%

The part of Portugal’s 2016 budget deficit (4.4 per cent) due to the resolution of Banif Bank.

Source: Portugal resident, 24/03/2016


Photo Credits CC: Wikimedia


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