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Contents contributed and discussions participated by Pedro Gonçalves

Pedro Gonçalves

BBC News - Tzipi Livni resigns as member of Israeli parliament - 0 views

  • "Israel lives on the mouth of a volcano, the international clock is ticking, and the existence of a Jewish, democratic state is at threat," she said. "The real danger is a politics that buries its head in the sand,"
Pedro Gonçalves

China's Wen - ready to boost eastern Europe trade | Reuters - 0 views

  • China will set a $10 billion credit line and a $500 million investment fund dedicated to eastern and southern European states as it aims to increase trade with the region to $100 billion in 2015, Premier Wen Jiabao said on Thursday.
  • "The Chinese side understands concerns among eastern European countries over trade imbalances and will boost imports from those countries," he said
  • Cash-rich China has signed a string of bilateral currency agreements, including with Mongolia and Kazakhstan, to promote the use of Chinese yuan in cross-border trade and investment.
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  • Earlier this week Wen also promised to increase bilateral trade volumes with Germany [ID:nW8E7KD00A] and Poland [ID:nL5E8FOFAP] as part of a drive to diversify its foreign currency reserves, the world's largest at $3.3 trillion.
  • Poland, the largest eastern EU member and still outside the single currency area, is engaged in a large-scale infrastructure building programme and struggling to modernise its energy sector to curb reliance on highly polluting coal.Warsaw hopes for Chinese investments in those fields.China is interested in Poland's banking sector and wants to open branches of its banks, including Industrial and Commercial Bank of China, its biggest lender, in Poland.
  • "We are pleased that Poland today is China's largest partner in central Europe, with trade volumes exceeding 14 billion euros in 2011," said Polish Prime Minister Donald Tusk, adding that the potential for trade between China and Poland and its regional peers was much bigger.
  • Poland is the only European Union member to have avoided recession since the 2008 start of the global financial crisis.
Pedro Gonçalves

Only a miracle can save Sarkozy - CNN.com - 0 views

  • Nearly 20% of the electorate voted for the National Front, the party of the extreme right. To add insult to injury, many young voters supported the party's candidate, Marine Le Pen. Youth is supposed to be synonymous with hope. With the rise of unemployment and the decline of belief in the value of the European Union, it seems young people, especially poorly educated ones, are motivated by fear much more than by hope.
  • Hollande is a Social Democrat; he does not have the means to be a revolutionary. As for Europe, Hollande in power in France would merely be an accelerating factor in the slow evolution of the EU away from a strict austerity policy, which the Germans themselves have started to question.
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