Adam Czyzewski

Archives for Future EU

A Saudi Arabian vessel carrying crude oil has recently put into port in Gdańsk. The event would have likely gone unnoticed had it not been for Rosneft CEO’s comment that it marked another stage in Saudi Arabia’s battle for a share in the market. Why has a small delivery sparked such a heated debate? Saudi… » read more

Posted by adamczyzewski

China has spooked investors. What has been happening on financial markets for over a month, since the speculative bubble burst in Shanghai, is reminiscent of the onset of the great recession in 2008-2009, especially when coupled with the decline in crude oil prices, which is widely perceived as a harbinger of recession. The standard explanation… » read more

Posted by adamczyzewski

Few economic phenomena attract as much attention in Poland as fuel prices. This is not surprising, considering that an average household owns at least one passenger car, and the share of fuels in total consumer spending has long surpassed 5%, which is more or less the same we spend on healthcare, appliances and running our… » read more

Posted by adamczyzewski

As it happened, I was unable to attend the lecture by Prof. Finn E. Kydland and Prof. Edward C. Prescott, entitled ‘The Poor Economic Performances in the EU and the US: Problems are Political, not Economic’, which took place on June 24th in Warsaw. I was in Sopot at that time, presenting the energy and… » read more

Posted by adamczyzewski

European Energy Union

The union grows through crises – this phrase yields some 20 million search results about the European Union, even without clarifying what kind of union is meant, while searches related to the growth vision for the European Union, run in various configurations, return 500 thousand results at best. This is several times less than in… » read more

Posted by adamczyzewski