| 22. Julij 2008 | Neuvrščeno | Jure“What’s Causing Global Food Price Inflation?”
In summary, several factors are behind the recent dramatic increase in food prices. But one of them is clearly a result of deliberate policy decisions, i.e. to support the expansion of biofuels production and use. The OECD’s recent report on the economic assessment of biofuel support policies has clearly shown that their effectiveness is disappointingly low, with public support costing between $960 and $1700 per tonne of greenhouse gas emissions saved. In a situation like that, governments have good reasons to reconsider their biofuel support policies if they want to help to calm food prices down.
Setting market conditions in Slovakia
Discontent with healthcare privatisation was the prime campaign theme of the 2006 elections in Slovakia, and promises to undo it were a main reason for a new bizarre coalition of three populist parties taking government.
After taking office, PM Robert Fico didn’t dare to start renationalisation outright, and overall, his government implemented only minor changes to his predecessors’ radical neoliberal reforms. However, it seems that with his power now consolidated, Fico felt he has the power to risk some conflict with the private insurers - and conflict there is, one of them brought the government into court, demanding half a billion Euros in damages.