A “green deal” industrial initiative proposed by the European Commission (EC) would see a minimum of 40 percent of the green energy technologies installed in European Union (EU) countries in 2030 made by businesses located there.
Tag: Europe
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INFLATION SLOWS IN EUROPE AS ENERGY PRICES FALL
Inflation in France eased to 6.7 percent in December, down from 7.1 in November, because prices for oil and gas fell, as we detail in “Oil and Gas Prices Fall in U.S., Europe” in this issue.
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ECB NOW SEES EUROPE’S INFLATION AS MORE PERSISTENT THAN IN U.S.
As we reported back in May 2021, as prices began to rise, Christine Lagarde, president of the European Central Bank, waved away critics’ concerns, saying that inflation in the Eurozone was only temporary and less of a danger than it was in the U.S.
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TOP TREND 2022, DRAGFLATION: EUROPE’S FACTORY PRODUCTION SLUMPS IN OCTOBER
Industrial production in the 19-country Eurozone moved down 2 percent in October from September, a contraction 25 percent greater than expected by economists Reuters had polled, ending several months during which factory output across the zone remained relatively steady.
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EUROPE SQUABBLES OVER PLAN TO CAP GAS PRICE
European nations continue to bicker over whether and how to cap the price of natural gas across the 27 nations that make up the European Union (EU).
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NEW WORLD DISORDER TOP TREND: PROTESTS ERUPT ACROSS EUROPE.
Protests broke out across Europe last week over soaring inflation and wages that are not keeping up with the cost of goods, leading to a “New World Disorder” that will result in widespread civil unrest that will likely only get worse.
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ECB RAISES KEY INTEREST RATE 75 BASIS POINTS
The European Central Bank (ECB) raised two key interest rates three-quarters of a point last week, the second such raise in the ECB policy committee’s last two meetings.
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ECONOMIC GROWTH SLOWING AMONG EUROPE’S LARGEST ECONOMIES
Germany’s economy expanded by a scant 0.3 percent during this year’s third quarter, besting both France and Spain, which each eked out a 0.2-percent expansion.
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HALF OF EUROZONE COUNTRIES WILL ENTER RECESSION
Thanks to the energy crisis sparked by Russia’s war in Ukraine and resulting Western sanctions, at least half of the 19 countries sharing the euro currency will enter a recession, Kristalina Georgieva, managing director of the International Monetary Fund, said in a 27 October Euronews interview.
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EUROPEANS PROTEST RISING AS INFLATION KEEPS SPIKING
As we have reported, the sanctions imposed by NATO and the United States on Russia have not punished Putin as U.S. President Joe Biden predicted, instead they have ravaged businesses and individuals.