All Entries Tagged With: "European Union"
Despite Controversies, Google’s New Privacy Policy is now Effective
In spite of all the controversies that Google has faced regarding its new Privacy Policy, Google will formally be implementing its new privacy policy that will enable the Internet giant to build more complete profiles of you when you interact with Google anywhere on the web
Euro Zone Crisis: More Countries Under Pressure
France is beginning to feel the pressure as its borrowing costs rose this week. On top of that, France and Germany, the two largest economies in the Euro Zone are clashing on a solution, particularly on how the European Central Bank is going to help. France insists that the ECB needs to play a stronger role in ensuring the stability of the euro and in helping to fix the debts that have started this crisis in the first place. Germany doesn’t want the ECB’s involvement in the Eurozone debt crisis
Eurozone Crisis Continues as Italy Becomes Fragile
As the Eurozone debt crisis continues, attention is turning from Greece to Italy as Europe’s third-largest economy is beginning to buckle and worries emerge of more widespread economic collapse than previously thought. Yes, Greece’s debt is bad at $500 billion. But, Italy is at $2.6 trillion (five times larger than Greece’s), and is also at risk of defaulting. Italy is also a much larger economy than Greece, so Greece defaulting is one thing. Italy is completely another.
EU Suggests Radiation Protection Move
The European Union, keeping in line with a suggestion origination from the European commission, is promotion a directive to ensure radiation protection, with a focus on ensuring that laborers and workers vulnerable to artificial as well as natural radiation sources across a number of industries are taken care of. The International Commission on Radiological Protection (ICRP) proposed certain radiation protection suggestions in 2007, which are now being incorporated by Brussels.
Eurozone Debt Crisis Worries Mount amid Fresh Fears of Greece Default
When the European Union and the International Monetary Fund agreed in July to provide a second bailout for Greece, this debt-ridden Euro nation, as well as the rest of the Eurozone, saw some hope of salvation and the possibility of being able to avoid a default. However, debt crisis fears rose again last Friday based on [...]
EU Funded Project MyCopter set to Decongest Cities with Flying Cars
European Cities like Copenhagen have, in the past, been pioneers of green transportation initiatives like wide-scale pedestrianisation and “bike-to-work”. The world has now begun recognizing and implementing these as sustainable means of transport towards helping cut carbon emissions. Now, the European Union is looking at more technologically advanced ways of decongesting European cities, with a [...]
EU fails to arrive at decision on bail-out to avert Greek Bankruptcy
“Convince Us First” Say European Governments Finance Ministers Seven arduous hours of talks in Luxembourg resulted in a worrisome situation, with finance ministers of European governments postponing a decision on releasing a further bail-out to debt-laden Greece. With strong demands that require the Greek Parliament to enforce spending cuts and budgetary reforms if EU is [...]
Eurozone Pressures Extend beyond Greece, to Spain and Italy
With Standard & Poor’s cutting their outlook on Italy’s economy from “stable” to “negative”, along with the massive political loss suffered by Spain’s Socialist Party, have worsened existing debt concerns in Europe. Italy accounts for almost 20% of all government debt in the European Union, while Spain’s economy is the fourth-biggest in the Eurozone. Speculation [...]
What will IMF chief Strauss-Kahn’s arrest mean for Eurozone aid?
The arrest on Saturday of IMF chief, Dominique Strauss-Kahn, has sparked off intense speculation as to how much this incident will affect the scale and generosity of the bail-out packages to be handed out to Greece, Portugal and Ireland in particular, and future rescue packages to the Eurozone in general. Instrumental in strategizing the financial [...]
Euro, European Markets fall on fears of Greece Ditching the Euro
The Euro and European Markets dropped to new lows amid fresh concerns over Greece’s persistent debt issues, related worries regarding an impending financial recession and speculation on whether Greece will default its payments and stop using the Euro. With Greece’s plan to sell Treasury bills today in place, the drop in stock values and currency [...]
