"The stock exchange crisis is worrying Europe
Global shares tumble on US fears
World stock indexes, including the UK's FTSE 100, post their biggest falls since 11 September 2001.Eurogroup chief warns of 'excessive pessimism' as stocks plunge
EU finance ministers said a US recession could have grave implications for Europe's economy but warned against overreacting, as stock exchanges around the world tumbled on Monday (21 January).In Depth: Davos 2008
EU, US expect trade progress on Davos sidelines
The World Economic Forum, which starts in Davos today (22 January), could help towards achieving a much-awaited breakthrough in WTO negotiations on freeing up global trade, top EU and US trade officials have announced.
@ haha.nu: "A cartoon, published in 1989 on International Herald Tribune. 20 years later, it is still very relevant. Thanks to Gilbert for sending in."
Davos Diary, Day 1: Setting the scene
It was 11 years ago that I first discovered the sleepy little village of 10,000 snowbound inhabitants in the heart of Switzerland that had already become a synonym for what's hot in global economic thought. As a United Nations official working with then Secretary General Kofi Annan, I accompanied him to Davos several times starting in 1997. I haven't been back for many years now, and having left the U.N. nine months ago, I'm returning for the first time in an individual capacity, as an Indian writer and columnist (for The Times of India and the Hindu) and as chairman of the Dubai-based but India-focused Afras Ventures.
US claims negotiator snubbed in Brussels
Fresh tensions emerged in transatlantic relations with US officials suggesting that Washington's top trade negotiator had been snubbed in BrusselsThe Legs of the Triangle: The EU-China Relations
DGAP A 10-page German paper assessing the future of EU-China relations
Europe and Islam Source: American Enterprise Institute Full Document
The Importance of Actor Cleavages in Negotiating the European Constitutional Treaty
Eurogov
This 35-page working paper explores governmental preferences, cleavages and patterns of coalition-forming in the bargaining process on the European Constitutional Treaty
The EU's Polcies of Security of Energy Supply Towards the Middle East and Caspian Region
Clingendael
A 34-page chapter examining the role of the EU in the GME region in respect of energy security
Nicolas Sarkozy targets deprived areas France will get its first real glimpse of President Nicolas Sarkozy's plan to rescue its troubled suburbs this week with the unveiling of a project to "create an elite" within the worst 50 neighbourhoods.
Islam-West rift widens, poll says
Most people believe divisions between the West and the Muslim world are worsening, a poll suggests.US warns EU over barriers
US trade representative Susan Schwab tells Europe climate change is no excuse for barriers to trade.Google seeks to allay privacy fears over DoubleClick merger
The planned merger between Google and the leading provider of ad-serving tools, DoubleClick, will not involve the creation of a single database with consumer-related information, said Google's Privacy Counsel, Peter Fleischer, in a move aimed to allay growing privacy concerns in Europe.A star pupil playing it safe in the EU: Slovenia's Council presidency
The EU presidency will serve as a powerful instrument for further 'Europeanisation' of Slovenia both in terms of adopting European practices, norms and values and promoting its political interests at EU level, argues Manja Klemencic in a paper for the think tank Notre Europe.Germany's Nokia workers may receive EU help
The EU may offer funding to Nokia workers set to lose their jobs when the cellphone giant closes its plant in Bochum to shift production to Romania, Commission President José Manuel Barroso announced at the weekend. Meanwhile, Industry Commissioner Guenter Verheugen pledged that this case would prompt a rethink of state subsidies.ECOFIN: Dutch Fin Min: No Risk Of Econ Recession In Europe
........Note EU-Digest: The Euro area's GDP in 2007 will be about $11.9 trillion this year (according to IMF estimates). U.S. imports from the Euro area have totaled $245 billion in 2007 through November; let's say $267 billion for the full year. So Euro area's exports to the U.S. account for just two and a quarter percent of its GDP. How much of a drop in our imports (Europe's exports) might we have in a U.S. recession? Last recession our imports fell by 5.5 percent. Let's say that with the fall of the dollar, our imports really drop, by say ten percent. That would cut 0.2 percent off of Europe's growth rate, plus multiplier effects if any. That does not send Europe into recession. As for the echo effect, U.S. exports to the Euro area amount to about 1.3 percent of our GDP. You take 1.3 percent of a 0.2 percent drop and you get a trivially small number, less than three thousandths of one percent. So forget an echo recession.
DOSSIER: Presidential elections in Serbia | 21/01/2008
Nationalist and Eurosceptic Tomislav Nikolic has won the first round of the presidential elections in Serbia. Head of the oppositional radicals, he received 39.6 percent of the votes, while the pro-European incumbent, Boris Tadic of the Democratic Party, took about 35 percent. The final decision comes in the run-off election on 3 February.
French industry hails 'revolutionary' pact
The French labour market is on the brink of a revolutionary change that could start delivering real benefits to the economy as early as 2009, according to Laurence...Italy: what a waste
The Mediterranean Union and Slovenia vs their 'friends in Paris', friction in the air for the EU – your dosage of the latest news from BrusselsSerbia to choose EU or Russia path next month
Serbia is heading for a showdown next month between a nationalist who leans toward Russia and a liberal favoring the West following the first round of a presidential election.Nationalist TomislavDOSSIER: The stock exchange crisis is worrying Europe | 22/01/2008
On January 21st, the world's stock markets experienced their greatest fall since September 11th 2001. The world economy continues to suffer the consequences of the sub-prime crisis in the United States. Is recession inevitable ?
