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No one wins Trade WarsThe 10 bcm/y export capacity of the Trans Adriatic Pipeline is indeed a positive energy requirement development for the Balkans, it fills some of the void, however, for the overall needs of the region it is somewhat negligible. While the EU is ever more gas dependent on...

No one wins Trade WarsProtectionism does not only slow down economic growth, it is a major threat to global growth! It is backward and regressive! It kills progress, it kills innovation and it leads to inefficiency. Tariffs never protect jobs for a nation as a whole but always increase prices for...

The European Union – Is the economic euphoria justified?The findings of the “Social Justice in the EU Index Report 2017” are to say the least alarming with the country being in overall well below the EU average!The European citizens of Cyprus pay for the decisions of a dysfunctional EU and an inefficient local political...

The European Union – Is the economic euphoria justified?The European Banking Union (EBU) and thus the monetary union requires an EU that is flexible and harmonized. The rigidity of German policy for one, the opposition of Germany for the Deposit Insurance Scheme (DIS), implies a EU that is vulnerable to market changes and threats...

The European Union – Is the economic euphoria justified?While all should agree by now that the glitches of the Euro are neither circumstantial or just a mere product of the 2008 financial crisis, it is evident that the Eurozone has lost the tools and ability to react against the next recession. Without any more tools at its...

The European Union – Is the economic euphoria justified?The austerity policies pursued by Mr. Schäuble (and are still pursued by the EU) have had perverse effects. Coordinated fiscal consolidation has not only had substantially larger negative impacts on growth than expected (and advertised), but has actually had the effect of...

The European Union – Is the economic euphoria justified?The dysfunction of the Eurozone, the “annihilation” of sovereignty in the EU countries under severe crisis, has made the EU a Union that seems less and less attractive. The failure of the EU policies along with the arrogance and unforgiving way with which they have been...

The European Union – Is the economic euphoria justified?Totally agree with Mrs. Mogherini on the importance of an own European military and security force (at least this is how I interpret her statements on the matter, or her thoughts). It is indeed imperative, if we claim to be “the only credible and predictable global power”.If...

The European Union – Is the economic euphoria justified?While the UK voted to exit the EU, Eurosceptic and populist voices are getting stronger. Whilst the threat of the unsolved refugee crisis from the East is being downplayed (in the midst of echoes of daily provocations from a bullying Turkey), terror attacks in Europe are on...

Greece-and-the-EU-Financial-CrisisWatching yesterday the opening speech of the final phase of German Chancellor Angela Merkel’s election campaign, I was pleasantly surprised to hear in her argument that “European integration is about the protection of human dignity” that Germans should stop targeting and...



Did you know?

that every year, Americans buy more than 100 million cell phones, yet fewer than 20% of old cell phones are recycled and that recycling just a million cell phones reduces greenhouse gas emissions equal to removing 1,368 cars off the road for a full year?

that recycling steel saves 75% of the energy that would be used to create steel from raw materials, enough to power 18 million homes?

that 1 recycled tin would save enough energy to power a television for 3 hours; 1 recycled glass bottle would save enough energy to power a computer for 25 minutes; 1 recycled plastic bottle would save enough energy to power a 60-watt light bulb for 3 hours?

that recycling 1 ton of paper saves 17 mature trees, 7,000 gallons of water, 3 cubic yards of landfill space, 2 barrels of oil, and 4000 kilowatt hours of electricity; this is enough energy to power the average North American home for 5 months?

that the revenue that is generated from gambling is more than the revenue derived from movies, cruse ships, recorded music, theme parks and spectator sports combined?

that Pytheas has presence in 41 countries?

that the Boeotian Hesiod about 3000 years ago theorized on the entrepreneurship typical of the market (an early laissez-faire), identifying the effects of government debasement of the coinage, which causes a decrease in its purchasing power (think Adam Smith, Keynes and post Keynes), arguing about the importance of competition and the importance of justice and the law in order to foster order and harmony in society?

that of all the restaurants that are opened, 90% of them fail in the first year and of the remaining ones that survive, 90% of those fail in the second year?

that in a lifetime the average European or North American will discard more than 600 times his or her adult weight in garbage and about a ton of trash per person per year?

that Pytheas the ancient Greek explorer, mathematician, astronomer and navigator must have travelled to the American continent at the time of Alexander the Great?

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