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European Commission
Greece: A Credible Deal Will Require Difficult Decisions By All Sides
The status of negotiations between Greece and its official creditors – the European Commission, the ECB and the IMF – dominated headlines last week. At the core of the negotiations is a simple question: How much of an adjustment has to be made by Greece, how much has to be made by its official creditors? … Continue reading
New EU Energy Union Looks To Break Dependence On Russia
By Alina Yablokova and Global Risk Insights On February 25, the European Commission presented its Energy Union package of proposals, a first major step made by the European legislators to realise the strategy of coordinating the energy policies of the 28 EU member states. Indeed, the European Commission envisages a union that speaks with one voice … Continue reading
EU Considering “Reframing” Russian Energy Ties
The European Commission is reportedly looking to create a single energy market which is based on cross-border connections to improve security of supply and to cut its dependence on Russia, which supplies around one third of the European Union’s (EU) energy, Reuters reports, citing a drafted document on the matter. According to Reuters, the EU is considering “reframing” its energy relations … Continue reading
EU May Block Russia-Hungary Nuclear Deal On Concerns Budapest Won’t Ramp Up Sanctions On Moscow: FT
A deal by Hungary to award nuclear power contracts to a Russian state-owned company is facing “a growing threat” from EU regulators amid concerns that Budapest may resist attempts to ramp up sanctions against Moscow, the Financial Times (FT) reported on Sunday. In an article titled “Hungary-Russia nuclear power deal faces Brussels roadblock”, the FT says that up to €12bn … Continue reading
A Few Words On Greece
By Mark Mobius Greece’s ongoing debate about the best way forward has now played out at the ballot box, although many uncertainties remain. On January 25, Syriza, an extreme left-wing party led by Alexis Tsipras, won the biggest share of the vote in Greece’s elections, and it now has 149 seats in parliament, leaving it … Continue reading
Long Shadows Stretch Across Central Europe
Tim Gosling in Prague BNE Long shadows stretch across the economies of Central Europe as they head into 2015. There was optimism a year ago that a fully-fledged recovery was finally underway. However, stuttering growth in the Eurozone and the Ukraine geopolitical crisis have dampened export prospects, creating a challenging scenario for the small, open … Continue reading
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