Tag: European UnionSort
The Unfortunate Truth About an Overbought Stock Market
Writing about financial markets is probably the most challenging endeavor I have ever immersed myself into. I am a trader first and a writer second, but I have really come to enjoy scribing missives about financial markets because it really forces me to concentrate on my analysis.
Greening the European Union has suffered a setback.
The European Biodiesel Board is reporting that the European Union biodiesel industry production forecasts are noting a 2011 decrease in output, the first since data has been gathered, down from 2010 figures of 9.57 million tons.
Taxing financial trades has been touted as a panacea for all kinds of global ills, a cash source to fight poverty and global warming. But the latest European attempt to introduce a worldwide standard 40 years after it was first conceived is facing stiff opposition from the U.S. and Britain.
The Greek debt saga has been ongoing for months now and the uncertainty is building up. We have street protests in Greece against the Government measures of raising taxes and deep spending cuts. The European Union is not bluffing this time, it wants Greece to take serious steps if it’s looking for a new bailout package.
German Finance Minister Wolfgang Schaeuble said that if Greece has trouble financing its debt, Germany will be willing to help but that any new aid will have to be tied to "clear conditions".
The problem is that the Greek government has a problem with accepting agreed upon financial conditions then spending too much money and asking for more.
Much of Greece was shut down yesterday as...
EU Prepares to Approve €1 Trillion Master Energy Plan
INCIDENT: Towards the end of last year, the European Commission presented its new energy strategy for the next decade, calling for investment of €1 trillion in the EU’s energy network, among a series of other measures. Leading Eurocrats hope that an EU energy summit scheduled for next month in Budapest will endorse the proposals and give them some political traction.
Greece: Strengthening the Dollar and Giving the IMF More Power
OilPrice.com Oil Market Summary for 04/19/2010 to 04/23/2010
Currency, like all forms of abstract value, is based on trust. And trust itself is based - except among the most naïve - on experience, and the repetitive demonstration of fidelity, whether positive or negative. At present, the US dollar, which had experienced a gradual rise during the 20th Century to the position gained well into the Cold War of being the trading world’s reserve currency.