Is Ireland next? Ireland’s costs of borrowing rose sharply yesterday, as 10-year government bond yields jumped to highs of 8.64%. Meanwhile, President of the European Comission Jose Manuel Barroso announced that the community would step in with support if the green isle needed it. Reportedly, Brian Cowen government has refrained from asking the EU for [...]
Archive for the ‘International Relations’ Category
The sick man at the Balkan
Posted in Business, Europe, European Union, Finance, France, Germany, Greece, International Relations, Ireland, Politics, Sovereign Debt, Spain, Stefanie Linhardt, United Kingdom, tagged bail out, budget deficit, CDS, common European currency, credit default swaps, debt, deficit, EU, Euro, Europe, European monetary union, European Union, eurozone, France, GDP, Germany, Greece, Ireland, linkedin, Portugal, sovereign debt, Spain, Stability and Growth pact on February 25, 2010 | Leave a Comment »
Greece is in a pickle. That’s a fact. The Hellenic republic dug itself into sovereign debt of over £250 billion. Therewith, Greece’s budget deficit adds up to 12.7% of its GDP – more than four times higher than eurozone rules allow. The situation is critical. This spring, Greece has to refinance a big chunk of [...]
Ahead of Copenhagen
Posted in Climate Change, International Relations, Politics, Stefanie Linhardt, tagged Carbon emissions, Climate Change, Copenhagen, Greenhouse effect, Kyoto on December 6, 2009 | Leave a Comment »
From December 7th until 18th, the climate summit in Copenhagen will take place. The aim of the Copenhagen summit is to agree on a follow-up agreement to the Kyoto Protocol adopted in the late 1990s. Teams from 192 countries will meet from tomorrow to discuss measures against climate change and in how far the agreements [...]
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