Posts Tagged ‘Europe’


As the euro area starts to show signs of an economic turnaround, with growth expected to pick up gradually in 2014 and 2015, now is perhaps a good time to assess the longer term prospects for the area as a whole.

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The future of Russia’s ability to remain a global energy supplier and the strength the Russian energy sector gives the Kremlin are increasingly in question. After a decade of robust energy exports and revenues, Russia is cutting natural gas prices to Europe while revenue projections for its energy behemoth, Gazprom, are declining starting this year.

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France and Italy are locked in a dispute over the future leadership of the European Central Bank that cast doubt over Friday’s planned confirmation of Mario Draghi as its president.
France is alarmed bec­ause Mr Draghi’s appointment to succeed Jean-Claude Trichet, a former French central bank governor, would mean Italy had two executives on the board – but France would have none. EU officials said France was unlikely to block the appointm

Source: http://www.ft.com/intl/cms/s/0/f7103bbc-9d08-11e0-8678-00144feabdc0.html#axzz1PwDBzkhq

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