On Friday my Google Alerts pinged into action to notify me of a story from Brussels that I ought to pay attention to and perhaps even write about. Yet, having searched the websites of European Voice, EurActiv and EUObserver, I didn’t find a dickie-bird. Therefore, it is to this storyin the Times of Malta that… » read more
Archives for Euro & Finance
April 11, 2011
It looks very much as if Iceland’s obligation to recompense the UK and the Netherlands for reimbursing depositors following the collapse of Landsbanki in 2008 is headed for years of litigation in the EFTA Court – not good news for those hoping for Iceland’s early EU membership. The question is whether the two creditors will… » read more
April 8, 2011
By adopting a text in its new constitution which says that the only legal tender in Hungary is the forint, the Fidesz-led supermajority in Hungary is building a wall against the euro.
Estaba en el guión y en las buenas películas el guión siempre se cumple. Portugal ha solicitado el rescate de la Unión Europea. No hay sorpresa en la noticia porque desde hace casi medio año, los mercados descontaban esta medida.
April 6, 2011
Panama did it in 1904. Ecuador and El Salvador both did it in the early 2000’s. In Europe, Andorra, Monaco, San Marino, the Holy See, Kosovo and Montenegro have all done it: adopting a foreign currency as their own – dollars and euro, respectively.
April 4, 2011
Turkey is the sixth biggest economy of the EU. A reminder: according to a report written by Kemal Derviş and some of his colleagues that dates back to 2004, Turkey will be the fifth economy of the EU in 2020.
March 28, 2011
With a European Council summit and the prospect of another eurozone bailout high on the agenda, it seemed fitting that there was a mass rally against UK public sector spending cuts in central London yesterday.
La reciente Cumbre europea que ha rubricado el “Pacto por el Euro”, ha servido también al gobierno español para darse un respiro en la batalla por la supervivencia frente a los mercados de la deuda.
March 16, 2011
Esta semana se ha iniciado una nueva ronda de negociaciones para lograr un acuerdo de asociación entre la Unión Europea y Mercosur (Argentina, Brasil, Paraguay, Uruguay).
March 15, 2011
Das kassenmäßige Finanzierungsdefizit im Kernhaushalt des Bundes – in Abgrenzung der Finanzstatistik – belief sich im Jahr 2010 auf 44,3 Milliarden Euro.
Politicians and economists have been discussing the ‘green shoots of recovery’ for months. Will there be a double-dip recession? Etc etc.
It was not surprising that Herman Van Rompuy’s first UK speech as President of the European Council dealt primarily with the EU response to the sovereign debt crisis in the Eurozone and its chances of success.
March 14, 2011
The European Union is continuously forged by the pressure of events. Far more than individual member states the EU is in a state of permanent flux as it changes and adapts to meet new challenges.
Newspaper headlines in the UK press over the past few days have lambasted the latest round of bank stress tests. Why? The general sentiment seemed – at least to me – to be that the last tests were not suitably tough enough, and these won’t be either. Is that really the point of them?
March 10, 2011
Gasoline and fuel prices have reached their highest level since the summer of 2007 when the oil price had peaked at $ 147/barrel. American consumers suffer more from the hike than Europeans, who are shielded by the revaluation of the Euro and high excise taxes softening the repercussions on fuel/gasoline prices. But US drivers having… » read more