1. French Budget, Growth Targets Seem Overly Optimistic

    France is counting on unspecified budget cuts and high economic growth forecasts to balance its budget.

    France announced €50 billion in savings on Wednesday as part of a budget that is supposed to significantly reduce the share of government spending in continental Europe's second largest economy. But its performance in recent years,…
  1. Crimea Annexation Could Kill Russia’s South Stream Pipeline

    The Black Sea pipeline could fall victim to European countries’ efforts to reduce their dependence on Russian gas.

    Russia's invasion and annexation of the Crimea last month could have repercussions for its plans to lay a pipeline on the bottom of the Black Sea. Britain's The Telegraph newspaper reports that the European Commission has warned Bulgaria not to intervene if it decides to block the project. Bulgarian foreign minister…
  1. Telecom Deal to Defuse China-Europe Trade Tension

    The European Union agreed not to investigate subsidies for Chinese phone companies in exchange for a stable market share.

    China and the European Union are preparing a telecommunications deal that could defuse trade tensions between the world's second largest economy and its largest trading bloc, The…
  1. Maduro Accuses America, Capitalists of Plotting to “Destroy” Venezuela

    Hugo Chávez’ successor seems oblivious to his government’s responsibility for Venezuela’s economic problems.

    Venezuela's president Nicolás Maduro seemed oblivious to his own government's responsibility for the country's economic crisis during an interview with CNN's Christiane Amanpour that was broadcast on Friday. Instead, he blamed right wing "extremists" for stirring violence and accused them of…
  1. Russia’s Crimea Invasion Rekindles American Gas Export Debate

    By exporting more natural gas to Europe, the United States would ultimately make their allies less dependent on Russia.

    Russia's invasion of the Crimea has rekindled a debate in the United States about exporting natural gas to Europe. Proponents say that by lessening the continent's dependence on Russian supplies, it could become more comfortable taking a stand against President Vladimir…
  1. Republicans See Obama’s Budget as Election Manifesto

    The president’s proposal to raise education and infrastructure spending seems designed to help fellow Democrats in the upcoming elections.

    American president Barack Obama has apparently giving up hope of striking a budget deal with opposition Republicans. The $3.9 trillion spending plan he unveiled on Tuesday seems primarily designed…
  1. German Green Energy Program a Failure, Studies Show

    Germany’s competitiveness is undermined by its green energy laws which have also failed to reduce greenhouse gasses.

    Two new studies provided a damning indictment of Germany's green energy program this week, claiming it had done little to halt climate change but undermined exports by €15 billion last year. The first report, which came from a commission of experts that…
  1. Failed Tennessee Volkswagen Unionization Reflects Wider Trend

    Tennessee car workers’ refusal to unionize follows downward trajectory of labor power across the United States.

    The defeat of the United Auto Workers' union at the Volkswagen factory in Chattanooga, Tennessee has sent tremors through the American industry. This turn of events is noteworthy in light of the fact that corporate management at Volkswagen was open to, and indeed supportive…