Thursday, 29 December 2011

EU bailout fund needs much more firepower: Monti

Italy’s Prime Minister Mario Monti called for significantly more firepower for the euro zone’s bailout fund after a bond auction did little to ease concerns over how the country would finance public spending in the next few months.
Italy’s borrowing costs fell from record highs at a bond auction on Thursday but cautious investors still demanded a near 7 per cent yield to buy 10-year debt
http://www.theglobeandmail.com/report-on-business/international-news/eu-bailout-fund-needs-much-more-firepower-monti/article2285946/?from=sec434

Analysts seek signs of eurozone breakup after year of bailouts, battles

SINGAPORE--For all the gloom and doom, some in Europe have managed to look on the bright side of things.
Take this joke going around: What economic model correctly forecasts the outlook for the European economy? A double-dip recession, a V-shaped recovery or something else?
The answer: a bathtub. A steep decline, then a period of stagnation, then it goes down the drain.
http://www.chinapost.com.tw/business/europe/2011/12/29/327303/Analysts-seek.htm

Merkel Economic Advisor Does Not Exclude Eurozone Break Up


Renewables sector is braced for change in 2012
FarmersWeekly
The EU's new Renewable Energy Directive legislation comes into effect. The RED sets biofuel inclusion targets and, for the first time, mandatory carbon and sustainability criteria for biofuels. The UK will be required to source 10% of energy used in ...
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'It Is a Mistake To Pursue a United States of Europe'
Spiegel Online
The Lisbon Treaty, which went into effect on Dec. 1 2009, represents the last majorreform of the structures of the European Union. Germany's Federal Constitutional Court subsequently issued a landmark decision on the treaty, authored by Judge Udo Di ...
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