Month: March 2016

The European Commission Invests in Cross-Border Cooperation Programs

European Union pic
European Union
Image: ec.europa.eu

A consulting executive at Financial Research, Training & Consulting, LLP, Dr. Antonios (Tony) Antoniou specializes in financial guidance for medium-sized businesses. A former economics and finance professor, Dr. Antonios Antoniou enjoys staying abreast of issues impacting the European economy.

As of 2013, a majority of Europe’s wealth was held by citizens residing in Germany, the United Kingdom, France, and Italy. In fact, the countries possessed 73 percent of continent’s wealth, while countries, such as Greece and Spain dealt with gross domestic product contractions of negative 22 percent and 6 percent, respectively.

To enhance regional development and limit wealth gaps, the European Commission announced its use of cross-border cooperation programs in 2016. Intended for roll-out in 27 European countries, the programs will finance projects that target poverty prevention, environment change, education, border management, and energy, among others. Funding will come from the European Regional Development Fund, from which the commission has allotted 1 billion Euros to support the initiative.

Commissioners from eligible countries recognize the effort as a way to instill solidarity among countries in the European Union. Further, the programs are expected to spur competitiveness in local economies and help residents overcome economic challenges.

Economic Inequality and Addressing It in the United States

Financial Research, Training Consulting pic
Financial Research, Training Consulting
Image: http://www.fitc-ng.com/

A former professor of economics and finance, Dr. Antonios “Tony” Antoniou dedicated more than two decades to the field of academia. Dr. Antonios Antoniou leverages his expertise to consult business clients at Financial Research, Training & Consulting, LLP, which he leads as chief executive officer.

In the latest report released by anti-poverty charity Oxfam, nearly half of the world’s wealth is held by 1 percent of the population. The nonprofit organization released a statement in conjunction with the report that predicted that in 2016, the richest 1 percent will secure more than half the money circulating the globe.

To address economic inequality in the United States, Pres. Barack Obama shared his proposed redistributive tax plan during his final State of the Union speech. The tax would garner in excess of $300 billion from the top 1 percent of the nation’s richest people and allocate the funds toward services that help working-class families. Pending support for enactment, the tax proposal brings awareness about economic inequality to the public. It is expected to be a topic of discussion during the 2016 presidential campaign.