Despite the fact that the silly season has already started, several interesting occurrences took place. The most important news comes from the European Union, but also from Russia, Argentina and USA. Let us have a closer look.
National security has become a pretext for the introduction of protectionism in international trade. The United States use this policy to protect its market. It means a serious restriction of access to U.S. market for traders from abroad. The European Union expressed concern over this situation and warns against the creating of barriers to international trade. “Cannot justify restrictions on trade and investment based on national security if they are in fact protectionist and serve…
While the “green” countries like Austria or Switzerland are slowly surrendering the dream to reach the carbon dioxide limits set by the Kyoto Protocol, one of the few countries, which will probably reach them, is USA. Those United States, which refused to ratify Kyoto and were strongly criticized by the western world community for this decision. This situation would be unimaginable just a few years ago. How is such rapid change possible and how is…
Unlimited purchases of ECB bonds? New dollars from FED? Maybe… Greece wants more time. Time is money. A bit of tension was brought into the holiday boredom
Forecasts concerning the future of Russia are widely divergent which is alarming and should receive our immediate attention. On one hand, there are forecasts
About the Greeks beating German-looking pensioners and Greek members of parliament playing black metal, while Merkel is happy to gamble with their lives. About fiscal pact, which is good in one country and bad in another one, about reducing debt with the help of magic and about American budgetary hockey game, which ended 99:0. After 3 000 years Greeks have improved the art of drama to the level of perfection. After practically nobody happened to agree…
Voters decided if they still want to live on others‘ money. Savings or growth? A false dilemma with irresistible sex appeal to politicians. The Golden Dawn in Greece. Why Hugh Hendry is concerned about his assets in Europe? In Spain thr nationalization of banks‘ debts is launched – will they manage to break record annual deficit of Ireland (32% of GDP)? French and Greeks were voting during the weekend. Results of both elections will lead to…
