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Andrzej Z

Russian Foreign Ministry Criticizes EU Countries - 0 views

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    I have chosen this article because I think the situation it reports is a bit ironic. Russia's Foreign Ministry is criticizing the human rights situation in Europe without presenting any facts, while in the human development ranking; they occupy the 55th position in the world, behind every EU country except for Romania (56th) and Bulgaria (57th). The Human Development Index (HDI) is a composite statistic of life expectancy, education, and income indices used to rank countries into four tiers of human development. I disagree with the opinion expressed by the article because since the establishment of UE there has been made a huge step towards the increase of equality in the member countries. For example, the highest scores in gender equality are achieved by European countries like Finland or Iceland.
Andrzej Z

Strong euro leaves ECB divided over how to respond - 2 views

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    Here we have an article about the current value of the Euro. It is a perfect example of a situation when a country (in this case a group of countries) would like to have a weaker currency. Why the euro zone wants a weak currency? Because the country within UE are trying to increase employment and a low exchange rate means more exports and more domestically produced goods. The bad side of the weak currency is an increase in inflation however the rate of inflation in Europe is very low and unemployment is very high, so the European central bank will try to balance both values.
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