Why Is Gazprom’s Output on the Decline?

Why Is Gazprom’s Output on the Decline?

photo: Ricardo Cabral The monopoly is forced to adjust supplies against falling demand on the Russian and European markets. In the past year, Gazprom has set a new anti-record for gas production. Based on the results for the past 12 months, its production volume is set to 409.4 billion cubic metres in the wake of the […]

Has the Embargo Damaged Farmers in Europe?

Has the Embargo Damaged Farmers in Europe?

photo: Wayne Stadler EU food products exporters have not been affected as much from the counter-sanctions as Russian consumers. In November, at an ‘Action Forum’ of the All-Russia People’s Front, Vladimir Putin promised not to reverse the food embargo for as long as possible. Russia had been forced to restrict the import of farm produce in […]

Europe at the War of Decimals

Europe at the War of Decimals

photo: Jeff Golden Anxious about the threats to Europe from Syria, Turkey, the refugee crisis, terrorism, Brexit? Be patient. Europe is now at the autumn war of decimals. The governments of the member countries of the Euro Zone are submitting to the Commission the three-year budgetary plans in compliance with the fiscal regulations of the Treaties. […]

The Rise of Anti-Establishment Italy

The Rise of Anti-Establishment Italy

photo: Ewan Topping After the UK Brexit and the Trump triumph in the US, the rise of anti-establishment Italy is hardly a surprise. It is the effect of half a decade of failed austerity doctrines in Europe and decades of failed political consolidation in Italy – ever since the notorious Tangentopoli scandals. While Italy’s constitutional referendum […]

Italian Referendum: What to Expect?

Italian Referendum: What to Expect?

photo: Bobby Hidy In spite of the widely spread expectations of prominent analysts, pollsters, and economists about the likely victory of the “Remain” (in the EU) campaign in the referendum held in Britain on June 23rd, 2016 and the almost certain expected victory of Hillary Clinton in the U.S. Presidential elections of November 8, 2016, surprisingly, […]

Italy: Willingness to Reform Is the Issue, Not the Referendum

Italy: Willingness to Reform Is the Issue, Not the Referendum

Source Key takeaway – Italy’s prospects are lacklustre and growth is stagnant. The political system is focused on privilege preservation, fostering populist feelings. Reforms are needed but – due to a reluctant electorate and a cumbersome legislative process – are difficult to implement. Over the past three years, Renzi’s government announced many important reforms, but […]

Will Migration Across the Mediterranean Dominate Migration Across the Rio Grande?

Will Migration Across the Mediterranean Dominate Migration Across the Rio Grande?

The massive migration from Mexico to the United States that began in the 1980s and ended in 2007 was one of the largest in history (Hanson and McIntosh). Nine years after the mass migration, the issue remains politically sensitive, and Donald Trump’s advocacy of building a Wall along the southern border contributed to his winning […]

Italy at the Brink: From Renzi’s Referendum to Italexit?

Italy at the Brink: From Renzi’s Referendum to Italexit?

photo: Davide Oliva Europe’s Summer of Discontent                                In the aftermath of the Brexit tensions, Italy is defying Brussels to bail out troubled banks and preparing for constitutional referendum in October. If Prime Minister Matteo Renzi fails to achieve adequate support, economic destabilization will shift from the UK to Italy – which could […]

Portugal’s Post-Crisis Challenge

Portugal’s Post-Crisis Challenge

photo: GlynLowe Portugal is in its 4th year of recovery, following a sudden stop in capital inflows at the beginning of the decade and the severe recession that followed. While the external flow imbalance has been corrected and the sovereign’s full access to financing restored, the stock of public and private debt remains high, labor slack […]

The French Endgame about Labor Reforms: Europe’s Summer of Discontent

The French Endgame about Labor Reforms: Europe’s Summer of Discontent

photo: Tim Lam French government wants structural reforms, but unions and most people don’t. As political friction is escalating, Paris is preparing for the Euro 2016 football tournament, which is attracting terror efforts by radical right, ultra-left and the jihadists. At the same time, the country has been pummeled by ‘once-in-a-century’ flooding. As long as the […]

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