EU

"Dire Inflation Outlook" for the EU and Sluggish Growth Add to ECB Woes

By Jason Simpkins Associate Editor The European Commission, the executive branch of the European Union, said yesterday (Monday) that Eurozone growth would continue to erode throughout 2008 and 2009. But here’s the wild card: Inflation is actually expected to accelerate for the rest of this year and much of next  – even in the face […]

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EU Policymakers Wary of an Overvalued Euro

By Jason Simpkins Associate Editor The euro failed to extend its run of record highs versus the U.S. dollar Tuesday, as policymakers in Europe voiced concern over the currency's strength. The euro has gained 3.5% on the dollar in the past week, reaching a new high of $1.5275 Monday. It has climbed 16% versus the […]

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How to Get "Asian-Sized" Returns in Europe

By Martin Hutchinson Director of Global Investing Research Free-market U.S. conservatives like to talk about "old Europe." They tell stories about the sclerotic EU bureaucracy, the intransigent French unions, and the rigid German banking system. Problem is, they ignore the really interesting Europe. The Europe that is growing rapidly. The Europe with soaring productivity, low […]

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European Finance Minister to Study U.S. Economic Woes

From Staff Reports European Union finance ministers open two days of talks today (Monday) to discuss how key U.S. problems as a slowing economy, a super-weak dollar and a huge-and-growing trade deficit will affect the European Union, as well as the rest of the world economy. The falling dollar has made U.S. exports cheaper versus […]

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EU Presses for More Energy Control

By Jason SimpkinsStaff Writer The European Commission yesterday (Wednesday) introduced a plan calling for a massive restructuring of power grids throughout the continent.  The plan was designed to reduce the region’s vulnerability to the massive energy companies that control the production and transmission of gas and electricity. Currently, large energy companies monopolize energy production and […]

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The New Cold War: How Russia Has Turned Its Energy Exports Into Weapons of Diplomacy

By Jason Simpkins Last week, (July 20) Chevron Corp. said it would challenge a $290 million back tax claim issued against the Caspian Pipeline Consortium by Russia’s Federal Tax Service.  This is yet another attempt by President Vladimir Putin to seize control over all aspects of energy production and transportation within Russia. The Caspian Pipeline […]

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