Tagged with: european union
lezbelib.com
Croatia will have to protect its LGBT community if it wants to join the European Union in 2013. One of the obligation to be part of the European Union is to protect from discriminations its LGBT citizens but in Croatia, people attending the Gay Pride of Split were victims of violence and the European P...
suhasinisakhare.com
The Oldham East & Saddleworth by-election in England is on today. Voting is finished, they're in the counting phase now, with results expected soon . By all reckoning, Labour have won. Despite the Tories having abdicated in favor of the Lib Dems, the latter look to have come a dismal second. These by-elections are interesting not in the least because they will point the way to the outcome of the...
suhasinisakhare.com
The Guardian reports today that David Miliband, pipped to the Labour leader's post by his younger brother Ed earlier this year, is being considered for the position of the UK's ambassador to America. There is no doubting David Miliband's capabilities. He has extensive foreign policy and international relations experience. That said, the key US-UK dynamic is in play here. Consider the inevitable d...
suhasinisakhare.com
27 EU leaders, including heads of State from France, Germany and the UK, met in Brussels on December 16. They put into place a permanent mechanism for dealing with crises that threatened the stability of the Euro Zone. They also called for measures which would reduce the gap between the economic performance of a Germany and an Ireland. Check out a dead useful graphic the BBC have put together, sh...
suhasinisakhare.com
Late yesterday, in time for the Asian markets to open, the terms of the Irish bailout were announced. You can catch the highlights here . The interest rate of less than 6% came as a relief. 5.8% average was higher than the 5.2% average offered to Greece, but at least, it was below the psychological bar of 6%. Today however, news surfaced that as part of the deal, the IMF has demanded the Anglo Ir...
suhasinisakhare.com
The Irish Prime Minister has today announced a 4 year budget for Ireland, meant to secure Euro 15 Billion of spending cuts and tax increases. They are tough cuts, starting from the minimum wage, going on to public sector jobs. They add up on paper. A few days back I'd written that Ireland will see a boom again, probably one which might take it back to the pre 2008 boom days . Well, not any more,...
suhasinisakhare.com
An interesting bit of historical trivia in the Telegraph today. Peter Osborne writes about the circumstances in which the UK turned away from joining the Euro under Thatcher. Many thinkers have attributed Margaret Thatcher's refusal to xenophobia. The article clarifies that her refusal was based on economics. She felt that the Euro Zone would be excessively inflation shy and that the economies of...
suhasinisakhare.com
Paul Krugman has written in his New York Times blog, on November 18, that the Ireland situation is possibly the beginning of an unraveling Euro Zone . You get an eerie flashback to the break up of the USSR. Driven by the conviction of Mikhail Gorbachev, bankrupt, unable to defend itself. America won big when the USSR broke up. It won't, if the Euro Zone breaks up. Obviously, the system cannot rem...
suhasinisakhare.com
The President of the EuroGroup has confirmed in a press conference at Brussels that so far, Euro Zone Finance Ministers have been unable to convince Ireland to go in for a bailout. This is the situation: Here is a country that is all but stomping its feet, throwing garden furniture about, and having a hissy fit, insisting it does not need a bailout. Here is the European Union, driven by its own i...
suhasinisakhare.com
Am waiting for the press conference at Brussels re Ireland to start. Markets have taken rumors of a pending bailout of Ireland and run with them. Ireland definitely has problems. From the ritual sacrifice of the Anglo Irish Bank, well designed with an eye to retaining the B ank's brand value , but botched , consistently mis managed and inexcusably delayed in its execution, the economy has suffere...
5 months ago
1 year ago
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