In January 2007, the European Commission presented the Action Programme for reducing administrative burden on businesses at EU level by 25% by 2012. The Action Programme was endorsed by the Spring European Council in March 2007. It addressed the Administrative Burdens of EU origin in 13 subject...

Prior to the recession of 2008/09 household saving was extremely low in the United States. In the context of the recession the saving rate has increased by about 2 percentage points to close to 4%. Such a rise is in line with the record from previous recessions. The study argues that, this time,...