A tired year
A tired year

Author(s): Martin Vlachynský
Subject(s): Politics, National Economy, Supranational / Global Economy, Economic policy, International relations/trade, Evaluation research
Published by: Research Center of the Slovak Foreign Policy Association (RC SFPA)
Keywords: Slovakia; GDP; 2016; foreign policy; economy; UK; evaluation;
Summary/Abstract: There were number of unique economic events taking place in the EU during 2016. The“Panama papers” once again fueled the discussion over more harmonized tax policies within the EU. Apple was told to pay back to Ireland 13 billion euros of “unlawful state aid” – with the Irish government strongly opposing such a windfall revenue, choosing to defend its tax sovereignty instead. The ECB decided to phase out one of the world’s most worthy banknotes – the 500 euro note. The Comprehensive Economic and Trade Agreement with Canada – CETA – was signed in October, after 7 years of negotiations and a number of delays, while a similar deal with the US – the TTIP – barely inched forward. The European Commission imposed further anti-dumping duties on Chinese steel products, responding to the repeated outcries of struggling European steelmakers.Yet the economic tone of the year was played by well-known instruments. The Euro zone financial system, deficits, quantitative easing, and, of course, the Greek crisis,will remain topics of the day for months to come.

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