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Why Cyprus is systemically important for the eurozone?
Cyprus may cause more problems in the Eurozone than Greece, despite its tiny economy, wrote in a commentary for MarketWatch Darrell Delameyd. The Mediterranean island is the third smallest economy in the currency bloc, but will need a bailout as gros... Read more ››
George Osborne: EU needs to change in order to remain in the UK it
British finance minister George Osborne said that the European Union needs to change in order to remain in the UK it, though he is hoping for, communicate Wall Street Journal.
"The British are very disappointed with the EU, with a feelin... Read more ››
Greek unemployment surpassed Spain
Unemployment in Greece reached 26.8% in October, registering the highest level of this indicator within the European Union ahead in rating sad Spain, the BBC reported. According to Eurostat, unemployment in September in Greece was 26%, while that in ... Read more ››
2012 – the year in which we lived on the edge
2012 was as bad as I expected. Recession in Europe was predictable (and expected) result of budget cuts and a plan to save the euro from the outset was doomed to failure, says Joseph Stiglitz, a Nobel Prize winning economist and professor at Columbia... Read more ››
France: Anti-business image of the country’s Anglo-Saxon fiction
France may have been saying goodbye to one of their cultural icons in the face of actor Gerard Depardieu, who left the country in protest against the government's tax policy, but Paris is making huge efforts to convince the business world in its favo... Read more ››
Europe burns less oil
Oil consumption in Europe, which is currently at its lowest level in 20 years, will shrink further this year.
The reasons for this are negative about the economy, increasing energy efficiency and switching to alternative energy sources, ... Read more ››
Greece’s deficit in 2012 has shrunk by 30%
Greece's budget deficit has shrunk by 30 per cent in 2012 compared with the previous 2011 and came within agreed with European partners of the country in exchange for the bailout, said the Wall Street Journal.
The data of the Greek Minis... Read more ››
France sinks while saving Spain and Greece
Recent data from the Banque de France showed a sudden increase in cash outflows in October and November, the so-called registered. TARGET 2 payment system of the European Central Bank.
The net outflow of funds for the... Read more ››
Greece raise electricity prices for households by between 8% and 15% from 1 January
Greece will raise electricity prices for households by 15 percent this year to help the state-controlled power utility PPC to cover its costs of transmission rights, said the Greek government said Wednesday.
This year the company has to ... Read more ››
App Store has passed 40 billion downloads
500 million App Store users have made a total of 40 billion downloads of apps from App Store. Half of them - in 2012 only a year, said the U.S. technology group Apple.
In December last year were registered two billion downloads, which is... Read more ››