Showing posts with label EURO. Show all posts
Showing posts with label EURO. Show all posts

Thursday, January 28, 2010

The Euro is in a deep slide

Late last year, it became fashionable to predict the dollar's demise. This year, however, shaky state finances within the European common currency zone have many worried about the future of the euro. Even the EU thinks the monetary union could be in danger.

In just a month and a half the Euro has gone from $1.51 to $1.40 today, and many analysts are now warning that it may be in for a long slide. DER SPEIGEL

Wednesday, June 03, 2009

WANTED: MEPs who want 12 weeks holiday, plenty of perks and little accountability

An article in the WSJ looks at the elections and writes: "Wanted: 736 Europeans to earn $120,000 a year with 12 weeks off, plenty of perks and little accountability." It goes on to say, "For a job with such sweet terms, getting elected isn't all that tough. Election turnout is so low - as low as 20% in some countries - that winning election can require little more than getting on a large party's ticket or appealing to niche constituencies."

The article also looks at the EP's Europarl TV channel, launched last year at a cost of $13 million, and only available on the internet. When asked how many hits it gets, an EU official is quoted saying, "You won't get me to answer that".

Monday, September 24, 2007

The euro: to blame for Belgium's crisis?

WILFRIED MARTENS, the former prime minister of Belgium and a grand old man of Christian Democratic politics in Europe, is not the first person to observe that the euro deserves thanks for keeping Belgium calm during the country's current political crisis (103 days without a new government). But he is the best qualified to make this point.
In an interview with La Libre Belgique, Mr Martens recalls being visisted by central bankers from the Belgian national bank, pleading with him to resolve the latest crisis (this was in 1981). Read On

Wednesday, July 25, 2007

EU pours £3.8bn into 'brainwashing campaign'

The European Union is spending £3.8 billion a year on "propaganda" to win over its sceptical citizens.
According to Lee Rotherham, the author of a new book which examines the EU's spending on its image, such initiatives are an "outrageous and cynical attempt to brainwash the young". The Europa Diary, a gift from the EU to schoolchildren, is one example cited by Mr Rotherham in Hearts & Minds: the Tax-funded PR Campaign to Make us Love Brussels.

Wednesday, May 23, 2007

Making it Easier to get a Loan


European Union governments backed a proposal Monday to intensify competition among lenders by setting common consumer protection rules, making it easier for borrowers to shop around the region for credit.

The push for uniform rules, for example, on how interest rates are advertised, would throw open borders in the EU's €884 billion, or $1.2 trillion, market for credit cards, car loans, purchase finance and other loans, excluding mortgages. Some of Europe's largest banks have blamed different regulations across the 27 EU member states for curbing lending and mergers across borders. READ MORE