The Strategist
World & Politics

Brexit may unite the European monetary and economic union - 06/05/2017

Last week, the European Commission (EC) Deputy Chairman Valdis Dombrovskis and the European Commissioner for Economic and Financial Affairs Pierre Moscovici presented an analytical report in Brussels. The paper introduces a draft of a large-scale reform of the euro area until 2025. The brightest of the proposals is creation the euro area’s own budget, the Ministry of Finance and the European...

Trump’s decision to leave the Paris Agreement shocks the world - 06/02/2017

The United States' decision to withdraw from the Paris climate agreement caused a sharp negative reaction in the world. President Donald Trump's policy in other countries was called a "mistake about the future of the whole planet", a "real slap in the face" for those who developed a "good and efficient agreement", and even "a betrayal of Mother Earth." Mr. Trump himself, however, argues that the...

Puerto Rico unveiled a budget recovery plan - 06/01/2017

The Governor of Puerto Rico, Ricardo Rosselo, published a spending plan of $ 9.6 billion. According to the paper, a fifth of the island state’s budget will be allocated to pay civil servants, as pension funds may lose all funds in July, Bloomberg reports. This is the first budget of the US-dependent territory, since the federal supervisory board has received ample powers to review its expenses...

Number of taxpayers in India grows by 9 million - 06/01/2017

Indian Prime Minister Narendra Modi's fight with the hidden income of Indian citizens over the past year has contributed to the growth of the number of new taxpayers: they have increased by 9.1 million. This number is almost equivalent to the population of Austria. In November last year, the government of Moody invalidated 86% of the currency in an attempt to crack down on black cash and...

Multimillionaires are still in love with London - 05/31/2017

The number of people living in the British capital with a fortune of at least $ 30 million rose again and reached 4,549 people in the last year. According to a study conducted by Verdict.co.uk and WealthInsight, London's closest rival, Tokyo, boasts only 3,611 multimillionaires. Despite the fact that last year the British voted for the withdrawal of their country from the European Union and many...

Germany: We should wean Europe off the US - 05/31/2017

Foreign Minister Zigmar Gabriel is skeptical about American-European relations. Nevertheless, the German Federal Government stressed the importance of transatlantic relations on Monday. Despite this, the EU has to restart to gain more independence. America had been a bright ideal for Merkel once. Now, however, she declared the end of a reliable relationship between the US and Europe. The words...

Trump’s immigration policy scares Hispanic shoppers away - 05/30/2017

Once the power in the US changed, Hispanic inhabitants of the country sharply reduced consumer activity. Consequently, profit of companies targeting this group of people has fallen by 30-50%. The Spanish-speaking people began to spend less, including because of fears of being deported, says British newspaper The Financial Times. Recall, intensification of the fight against illegal immigrants was...

Top-10 countries for pensioners - 05/25/2017

Experts from International Living, which provides emigration and relocation services, have compiled their annual Global Annual Retirement Index. Moving into another country after retirement is a new trend in the world. This is especially popular in the United States. Local pensioners often leave America for cheaper countries, or countries with a more favorable climate. According to official data,...

Analyst: EU's recommendations may cause a tax tsunami in Italy - 05/25/2017

Italy managed to avoid introduction of EU sanctions because of the excess deficit of the state budget this year. At the same time, however, Rome is recommended to take a series of measures that will result in higher taxes and tariffs in the next year, writes Il Giornale. Brussels demands that Italy bring the deficit of the state budget to 1.2 percent of GDP by 2018, which implies "substantial...

New State budget will bring back the 90s in the US - 05/24/2017

The administration of Donald Trump presented its first budget for the 2018 fiscal year. It involves cuts in social programs’ funding, higher defense spending, as well as new sources of income, including the sale of half of the oil reserves. The budget’s authors relied on acceleration of US GDP growth to 3% and the fact that tax cuts will pay off due to increased fees. Most experts consider such...
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