Keyword: eu

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  • Spanish and Italian commercial real estate markets meltdown

    08/14/2012 6:07:38 AM PDT · by TigerLikesRooster · 7 replies
    American Thinker ^ | 08/13/12 | Rick Moran
    August 13, 2012 Spanish and Italian commercial real estate markets meltdown Rick Moran My jaw dropped when I read this Financial Times report on the commercial real estate markets in Spain and Italy: The Spanish and Italian commercial property markets have all but collapsed with the number of transactions in both countries falling more than 90 per cent in the three months to July as investors worry about the future of the eurozone. Only three property transactions were registered in Spain during the second quarter, down from 58 deals in the previous quarter. In Italy the slide was even more...
  • Europe's quixotic plan to "clean" the Internet of terrorists

    08/11/2012 9:57:42 AM PDT · by JerseyanExile · 3 replies
    Goldstein Report ^ | August 10, 2012
    Delegates from Germany, Spain, the United Kingdom, the Netherlands, Belgium, and Europol -- the European Union's criminal intelligence agency -- will gather in London this September as part of a project to cleanse the Internet (or at least the European section of the Internet) from "terrorist websites." And they have European Union money to do it. The CleanIT project hopes to develop a flagging system for "terrorist" content. It wouldn't be mandatory, but Internet providers would be encouraged to take down or block the flagged material. The aim is to create "a non-legislative 'framework' that consists of general principles and...
  • Amid crisis, Europeans flock to learn Chinese

    07/30/2012 2:08:04 PM PDT · by Olog-hai · 6 replies
    EU Observer ^ | 07.30.2012 @ 09:27 | Philip Ebels
    Ever since Europe’s economy began spiraling downwards, a growing number of people from Dublin to Athens is taking to learning the language of opportunity: Chinese. Aggregate data are not available, but figures from local language centers across the continent suggest that the number of people in Europe enlisted in taking the official Chinese Proficiency Test—or HSK—over the last two years has grown by close to a factor five. “I think the economic reason plays a very important role,” says Lili Lei of the Confucius Institute in Munich, where the number of students rose by more than 100 percent in 2011...
  • Fortified by euro, Finns take bailouts on the chin

    07/27/2012 7:03:14 AM PDT · by george76 · 2 replies
    Reuters ^ | July 27, 2012 | Ritsuko Ando
    After dutifully abiding by EU fiscal rules, Finland's tiny population remains surprisingly phlegmatic about bailing out less disciplined euro zone members, and is mostly clinging on to its faith in the single currency project. That faith has been tested as a succession of struggling nations make ever greater demands on the sounder economies in the currency bloc, but it is not yet at breaking point. "We had to sort out our own problems ourselves in the past. That's why people are asking, do we have to help others?" said Maija Siirala, a freelance dressmaker and alterations specialist. Finland, one of...
  • EU: Hizbullah Not a Terror Organization

    07/24/2012 12:49:01 PM PDT · by Eleutheria5 · 17 replies
    Arutz Sheva ^ | 24/7/12 | Gabe Kahn
    The European Union on Tuesday rejected Israel's request that it categorize Hizbullah as a terrorist organization. Cypriot Foreign Minister Gujarat Cossack-Marcolis, who presently holds the EU's rotating presidency, said "there is no consensus on the issue, because Hizbullah also has an active political arm." She added that the matter is open for reconsideration if "tangible evidence" that Hizbullah is involved in terrorist activity can be brought. .....
  • Barroso Talks Peace and Iran with Netanyahu

    07/09/2012 3:53:04 PM PDT · by Eleutheria5 · 2 replies
    Arutz Sheva ^ | 10/7/12 | Elad Benari
    José Manuel Barroso, the President of the European Commission, met on Monday with Prime Minister Binyamin Netanyahu. The two leaders “discussed the importance of expanding cooperation between Israel and Europe in all areas, Iran's effort to arm itself with nuclear weapons and the resumption of the peace talks with the Palestinians,” Netanyahu's office said in a statement quoted by AFP. European Union officials said in a statement that the two leaders “also discussed the regional situation with president Barroso stating the EU's support for democratic change and political and economic reforms in the wider neighborhood.” The statement added, “They also...
  • European Commission Chief in Ramallah: Resume Peace Talks

    07/09/2012 2:53:06 PM PDT · by Eleutheria5 · 3 replies
    Arutz Sheva ^ | 9/7/12 | Elad Benari
    European Commission chief Jose Manuel Barroso called on Sunday for a return to talks between Israel and the Palestinian Authority, warning the peace process must not become “an orphan of the Arab Spring.” AFP quoted Barroso as having made the remarks during a trip to Ramallah, where he met PA Prime Minister Salam Fayyad and PA Chairman Mahmoud Abbas. “The momentous change that we are witnessing throughout the Arab world should constitute an incitement and not a deterrent to the resumption of negotiations,” Barroso said after meeting Fayyad, according to an advance copy of his remarks. “The Middle East peace...
  • Finland Would Rather Exit Euro Than Pay for Others

    07/06/2012 11:34:00 PM PDT · by TigerLikesRooster · 32 replies
    WSJ ^ | 07/06/12
    Finland Would Rather Exit Euro Than Pay for Others Finland would rather leave the euro zone than pay down the debt of other countries in the currency bloc, Finnish Finance Minister Jutta Urpilainen said in a newspaper interview Friday. "Finland is committed to being a member of the euro zone, and we think that the euro is useful for Finland," Urpilainen told financial daily Kauppalehti, adding though that "Finland will not hang itself to the euro at any cost and we are prepared for all scenarios." "Collective responsibility for other countries' debt, economics and risks; this is not what we...
  • UN calls for 'billionaires tax' to help world's poor

    07/06/2012 4:04:28 PM PDT · by Beave Meister · 14 replies
    Yahoo News ^ | 7/6/2012 | Tim Witcher
    The United Nations on Thursday called for a tax on billionaires to help raise more than $400 billion a year for poor countries. An annual lump sum payment by the super-rich is one of a host of measures including a tax on carbon dioxide emissions, currency exchanges or financial transactions proposed in a UN report that accuses wealthy nations of breaking promises to step up aid for the less fortunate. The annual World Economic and Social Survey says it is critical to find new ways to help the world's poor as pledged cash fails to flow. The report estimates that...
  • EU: German Dominance in Doubt after Summit Defeat

    07/02/2012 11:30:44 PM PDT · by bruinbirdman · 9 replies
    Spiegelonline ^ | 7/2/2012 | SPIEGEL Staff
    Outfoxed by Club Med Chancellor Merkel suffered a bruising defeat at last week's Brussels summit after leaders of Italy, Spain and France ganged up on her. Europe's power relations have shifted as a result. It looks like Germany will no longer be calling the shots in the EU. It was Monti, of all people, "Super Mario," as he's called in Berlin. The affable economics professor from Lombardy, the man the German Chancellery felt was the best thing that could have happened to Italy. The man who could "save Europe," at least according to Time magazine. It was Monti, of all...
  • Eurozone unemployment hits record high

    07/02/2012 6:49:06 PM PDT · by NoLibZone · 8 replies
    www.ft.com ^ | July 2 2012 | Financial Times
    The European Central Bank is widely expected to make an interest rate cut this week to try to invigorate the eurozone’s ailing economy after unemployment in the region climbed to a record high and a key survey of manufacturing showed the sector to be at its weakest in three years.
  • Iran: We Will 'Confront' New EU Sanctions

    07/01/2012 4:27:22 AM PDT · by edpc · 2 replies
    AP via Yahoo News ^ | 1 July 2012 | Nasser Karimi
    TEHRAN, Iran (AP) — Iran has stored up imports and hard currency for a "battle" against "dastardly" EU sanctions, officials said Sunday, the day that the measures aimed at pressuring the Islamic Republic over its controversial nuclear program take effect. Vice President Mohammad Reza Rahimi said the country has stockpiled the population's daily needs to reduce the impact of the embargo hitting the oil and banking sectors. "Today, we are facing the heaviest of sanctions and we ask people to help officials in this battle," Rahimi was quoted by state television's website as saying at a religious conference. He said...
  • Strap Yourselves in: Jim Rogers Explains Why We Are Going to Have ‘Financial Armageddon’

    06/29/2012 9:04:00 AM PDT · by Perseverando · 32 replies
    The Blaze ^ | June 29, 2012 | Becket Adams
    Leaders of the 17-nation eurozone announced on Friday a plan to rescue their failing banks with cash normally reserved for fledgling governments. When the “recapitalization” (i.e. bailout) plan was unveiled, markets responded very, very well. However, despite the positive market reaction, at least one veteran businessman thinks the deal is a big mistake. In fact, he thinks it’s only making things worse. According to Quantum Fund co-founder, free market advocate, author, and regular lecturer of finance at the Columbia University Graduate School of Business Jim Rogers, the EU’s decision to recapitalize its banks won’t do anything to fight off the...
  • Nigel Farage [on Fox w commentary by Bill Still]

    06/29/2012 7:28:40 AM PDT · by Lorianne · 2 replies
    You Tube ^ | 27 June 2012 | Bill Still, Nigel Farage
    Nigel Farage (MEP-UK) interviewed on Fox ... with commentary by Bill Still I could not find the Fox interview on its own.
  • The Whole World Will Revolve Around The Tiny Island Of Cyprus

    06/28/2012 6:35:58 AM PDT · by blam · 6 replies
    TBI ^ | 6-28-2012 | Wolf Richter, Testosterone Pit
    The Whole World Will Revolve Around The Tiny Island Of Cyprus Wolf Richter, Testosterone Pit Jun. 28, 2012, 8:41 AM Finland doesn’t get the white-hot attention Germany does, but it should because it could be the driving force behind a breakup of the Eurozone. And it fired another shot: it demanded collateral for its share of the billions of euros that Cyprus would receive from the bailout Troika. Cyprus is the fifth of 17 Eurozone countries to ask for a bailout. It’s panic time. The first tranche, €1.8 billion, is needed by June 30 to prop up its second largest...
  • The New Siegfried Line: Merkel Dismisses EuroBonds and EuroFDIC While Spain and Cyprus Seek Aid

    06/25/2012 9:53:02 AM PDT · by whitedog57
    Confounded Interest ^ | 06/25/2012 | Anthony B. Sanders
    Chancellor Angela Merkel hardened her resistance to euro-area debt sharing to resolve the region’s financial crisis, setting Germany on a collision course with its allies at a summit of European leaders this week. Merkel, speaking to a conference in Berlin today as Spain announced it would formally seek aid for its banks, dismissed “euro bonds, euro bills and European deposit insurance with joint liability and much more” as “economically wrong and counterproductive,” saying that they ran against the German constitution. [Bloomberg] So it seems that the Germans are building a new Siegfried Line to protect itself from France and other...
  • First Time Someone in U.S. Officialdom Puts Brakes on WWII-Unrepentant Croatia’s EU Entry

    06/23/2012 2:16:41 PM PDT · by Ravnagora · 8 replies
    Republican Riot ^ | June 22, 2012 | Julia Gorin
    It turns out that someone at the State Department knew all along that Croatia never answered for its Nazi past and shouldn’t just sail into the EU un-scrutinized and unreformed. Unfortunately, it’s a bit late. This former Under Secretary of State, Stuart Eizenstat, could have spoken up when Croatia was put on the fast-track in the mid-2000s, or even as late as last year, when the final stage of accession began; Croatia will be an EU member by mid next year. Still, one is grateful for the following item from Thursday’s Haaretz (and please don’t be fooled by the paper’s...
  • Bleak Outlook Whips Stocks (dow -250)

    06/21/2012 4:02:13 PM PDT · by TigerLikesRooster · 9 replies
    WSJ ^ | 06/21/12 | CHRIS DIETERICH And LIAM PLEVEN
    Bleak Outlook Whips Stocks . By CHRIS DIETERICH And LIAM PLEVEN Facing a darkening global economic picture, investors drove U.S. stocks to their worst day in three weeks and sent oil prices tumbling below $80 a barrel. Investors in the U.S. awoke to a barrage of weak economic reports from China and Europe. They were followed swiftly by a report by the Federal Reserve Bank of Philadelphia showing manufacturing conditions contracting in the U.S. mid-Atlantic region. /snip The Dow Jones Industrial Average fell 250.82 points, or 1.96%, to 12573.57, its second-biggest decline this year. In commodities, oil fell 3.99% to...
  • Russia Lashes Out Over Stop of Syria-bound Ship

    06/21/2012 2:48:24 PM PDT · by lbryce · 16 replies
    CBS NEWS ^ | June 21, 2012 | Staff
    Russia's foreign minister lashed out at Britain on Thursday for pressuring a Russian-operated ship heading to Syria with a load of weapons to turn back, saying that Moscow won't abide by European Union sanctions against its Arab ally. Sergey Lavrov said a British insurer's decision to remove the ship's coverage reflected the "unreliability of the British insurance system." He also said the British government defied international law by asking the insurance company to act. "The EU sanctions aren't part of the international law," he said on nationally broadcast Ekho Moskvy radio. Britain has joined the United States and other countries...
  • JetBlue’s ‘4 Hours of Hell’(Kept Flying Because It Couldn't Dump Fuel:R Airbus Designers Depraved?

    06/20/2012 10:14:52 AM PDT · by lbryce · 60 replies
    New York Post ^ | June 20, 2012 | Bill Sanderson
    A mechanical failure sent a JetBlue plane like this one careening wildly through the skies, sparking panic among the 155 people aboard the Las Vegas to New York flight, passengers told The Post yesterday. “It was four hours of hell,” said Travis McGhie, who described how the plane kept lurching from side to side and going into steep turns when its hydraulic system failed Sunday. “People were getting sick. Some people were throwing up. There were a lot of people getting nauseous,” said another passenger, Tom Mizer. The crew did everything they could to prevent panic. One flight attendant walked...