„Whatever it Takes to Preserve the Euro...?” Advocate General backs ECB’s bond-buying programme
The European Central Bank’s (ECB) bond-buying programme is legal and within the powers of the central bank, the advocate general of the European Court of Justice (ECJ) said on Thursday (4 October), amid a challenge in Germany to the bloc’s quantitative easing (QE) programme. Read more... (Petra Ágnes Kanyuk)
Welfare sector in Belarus: consistent public policy in the budget sphere?
For a long time the Belarusian authorities characterized their national and subnational budgets with a welfare orientation. This brief note focuses on two questions: (i) what tendencies of social budgetary policy can be observed in the time of economic recession and (ii) how consistent was the welfare orientation of the central and local budgets in practice. Read more ... (Yuri Krivorotko)