By Agnes Lovasz
Bulgaria needs wages and prices to fall further to increase competitiveness and help economic output return to pre-crisis levels, Capital Economics Ltd. said....
Bulgarian industry is indeed not price-competitive (by much more than 10%), but this should be countered by increased productivity, not by decreased salaries. Decreased salaries will demotivate workers even more than they already are; instead workers should be motivated by increased appreciation for their innovative contributions to the company.
The tree-lined top of one of the hills of the Taunus mountain range north of Frankfurt 13 December 2013 emerges from a deep sea of clouds....
"It is vitally important that we have strict rules in place to protect the integrity of our benefits system. The British public are rightly concerned that migrants should contribute to this country and not be drawn here by the attractiveness ... read
A husband comes home late in the night. His wife starts yelling at him:
“Where the heck have you been?”