There seems to be pessimism in the air regarding the economic prospects of the West and by extension the world. In its recent report, the Organization for Economic Co-operation and Development (OECD) revised downward its estimates of growth for many countries. It lowered the overall growth rate forecast of the Euro Zone for 2013 and 2014 each by 0.5 per cent. For the entire OECD, the forecast has been lowered by 0.6 per cent for 2013 and 0.2 per cent for 2014.
The worst, the better – this is what, probably, can be said when analyzing the hysteria which has been raised for the last several weeks in European, and especially, American newspapers regarding hardening of the Russian line towards the states willing to join the European Union. The more clearly Moscow imagines russophobic attitudes of a significant segment of Western elites, the more rational, cold and efficient shall be Russian foreign policy within post-Soviet space.
Thousands of police officers lined the streets of Athens on Thursday as the German finance minister visited the Greek capital. His arrival comes as a controversial bill was passed in the Greek parliament to eliminate thousands of public sector jobs.
In case you haven’t noticed, the great European crisis is the biggest political game changer in postwar history.
The EU does not give ‘certificates’ of economic health. On the contrary, it merely accepts whatever figures are thrown at it by member States, at face value and without question.
Estonia's President Toomas Hendrik Ilves says he would like Lithuania and Latvia to join the euro zone as soon as possible, adding the accession would enhance the Baltic influence "in the so-called European core."
Kazakhstan's President Nursultan Nazarbayev will pay an official visit to the Republic of Austria on 22-23 October 2012 at the invitation of his counterpart Dr. Heinz Fischer, Federal President of Austria, Kazinform has learnt from the press service of the Kazakh Foreign Ministry.
Europe's dividing lines in the debt crisis run between the rich North and less well-off South - at first glance, anyway. But closer examination suggests the truth is more complicated.
Russia's minister of trade and industry makes the case for Russia as a good place for European companies to do business.
The Baltics are growing after austerity—and they resent Mediterranean bail-outs