the monthly base salary of the most senior bloc officials is 18,370 euros, or $24,830.
Bureaucracy's Salaries Defended in Europe - NYTimes.com - 0 views
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the highest-paid European Union officials paid taxes equivalent to about 25 percent of their gross salary.
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European Union officials generally pay low taxes,
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Europe Haggles Over New Rules Aimed at Saving Fish Stocks - WSJ.com - 0 views
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Fishermen currently discard nearly a quarter of Europe's total catch on average, and as much as 70% of the hauls in some areas, European Commission data show
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"The law has been made by someone who doesn't know fisheries," said fisherman Geert Luickx as he painted his boat here in this North Sea port. Without financial assistance, more crew, and a bigger boat, he said, he won't be able to comply with the new law.
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Commission data show 80% of stocks in the Mediterranean, including swordfish, and 47% of stocks in the Atlantic, including whiting off Scotland's western coast, are being exploited at levels that will lead to extinction.
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A European Energy Executive's Delicate Dance Over Ukraine - NYTimes.com - 0 views
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A European Energy Executive’s Delicate Dance Over Ukraine
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Major Western oil companies like BP and Exxon Mobil have extensive exploration deals in Russia that they fear could be jeopardized if the United States and European Union impose stiffer sanctions on the Putin regime.
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“This is by far the toughest time for European energy security that I have seen,” said Mr. Scaroni. “This issue might stop the supply of Russian gas.”
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The Cost of Protecting Greece's Public Sector - NYTimes.com - 0 views
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So today, for every seven private employees who have been laid off, only one has left the public sector.
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Greece’s creditors — the troika comprised of the European Commission, the European Central Bank and the International Monetary Fund — have made public-sector layoffs a condition for providing the next tranche of the biggest bailout in history.
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Public employment grew by fivefold from 1970 through 2009 — at an annual growth rate of 4 percent, according to according to a recent academic study by Zafiris Tzannatos and Iannis Monogios.. Over the same four decades, employment in the private sector increased by only 27 percent — an annual rate of less than 1 percent.
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Will bank supervision in Ohio and Austria be similar? A transatlantic view of the Singl... - 0 views
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At the inception of the euro, it was thought possible to have a centralised monetary authority and decentralised bank supervision, but the inability to separate sovereign-debt problems from those of bank stability has led the leaders of the member states of the EU to agree to centralise supervision in the Single Supervisory Mechanism.
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The states retained their powers to supervise the small number of state-chartered banks that seemed little threat to the stability of the new more tightly regulated national system.
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What was not anticipated was that the more stable national banks would fail to adequately supply credit to the economy.
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Oil tanker - Wikipedia, the free encyclopedia - 0 views
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Oil tankers are often classified by their size as well as their occupation. The size classes range from inland or coastal tankers of a few thousand metric tons of deadweight (DWT) to the mammoth ultra large crude carriers (ULCCs) of 550,000 DWT.
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The expense was significant: for example, in the early years of the Russian oil industry, barrels accounted for half the cost of petroleum production.[10]
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While a typical T2 tanker of the World War II era was 532 feet (162 m) long and had a capacity of 16,500 DWT, the ultra-large crude carriers (ULCC) built in the 1970s were over 1,300 feet (400 m) long and had a capacity of 500,000 DWT.[29]
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Europe's Galileo GPS Plan Limps to Crossroads - NYTimes.com - 0 views
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Galileo — first proposed in 1994, more than 20 years after America started its own system, and initially promoted as a big potential moneymaker — “can’t give a direct return on investment, but politically it is very important for Europe to have its own autonomous system,” said Mr. Magliozzi of Telespazio.
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It is also designed to be far more precise than the American version.
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Galileo has been financed almost entirely by the European Union since 2007. It is the first and so far only major infrastructure project managed by the European Commission.
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European Union Leaders Gather in Brussels Over Budget - NYTimes.com - 0 views
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He has threatened to veto any new budget that does not at least freeze spending,
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“Europeans who are attached to the European Union are now in a minority.” Fifty-two percent of those surveyed said they felt little or no attachment, up seven percentage points since 2010. In Britain, only 27 percent felt attached to the union.
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Ahead of this week’s negotiations, at least seven countries, mostly those that contribute more to Europe’s coffers than they get back in farm subsidies and other payments, have already warned that they may veto a budget that does not give them a better deal. Among these is Austria, where, according to Mr. Ehrenhauser, who sits on the European Parliament’s budgetary control committee, “there is a critical mass building against the European Union.”
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Africa losing billions from fraud and tax avoidance | Global development | The Guardian - 0 views
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Africa losing billions from fraud and tax avoidance
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Africa is losing more than $50bn (£33bn) every year in illicit financial outflows as governments and multinational companies engage in fraudulent schemes aimed at avoiding tax payments to some of the world’s poorest countries, impeding development projects and denying poor people access to crucial services.
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African Union’s (AU) high-level panel on illicit financial flows and the UN economic commission for Africa (Uneca).
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Martin Feldstein: The Euro Zone's Double Failure - WSJ.com - 0 views
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but that they don't constitute an official EU treaty and therefore cannot be enforced by the commission and other EU institutions.
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Italy has a good shot at persuading investors that it has a favorable long-term budget outlook. Its fiscal deficit is now less than 4% of GDP.
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If the new government can now enact changes in labor rules and investment incentives that raise GDP growth to a 2% annual rate, Italy's ratio of debt to GDP could fall to 60% in less than 15 years.
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At Anchor Off Lithuania, Its Own Energy Supply - NYTimes.com - 0 views
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The price of natural gas in Lithuania was 15 percent higher than the European average last year, according to the European Commission. Only Bulgaria, where Gazprom has a near monopoly, paid more. Gazprom also has an ownership stake in Lithuania’s natural gas distribution network. Part of Lithuania’s electrical infrastructure is still controlled from Moscow, too, and it is not yet possible to connect the country to the European grid.
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Lithuania also does not use oil shale, which provides much of the electricity for Estonia, the third Baltic member of the European Union.
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Lithuania used to rely on nuclear power to supply most of its electricity. But as a condition of joining the union in 2004, the country agreed to shut down its Chernobyl-style nuclear power station at Ignalina.
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How Jean Tirole's Work Helps Explain the Internet Economy - NYTimes.com - 0 views
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How Jean Tirole’s Work Helps Explain the Internet Economy
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He also said that industries should be regulated differently depending on their distinct characteristics.
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Arctic Shipping Soars, Led by Russia and Lured by Energy - 0 views
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Although the Arctic provides a shorter route around the world than the traditional course through warmer waters, it is not necessarily cheaper.
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The ships were expensive to build and operate,
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The first commercial Chinese vessel and first container ship to transit the NSR, the Yong Sheng, commissioned by state-owned Cosco shipping, arrived in Rotterdam on September 10 laden with steel and industrial machinery. Its 33-day journey from the Chinese port of Dailan was nine days and 2,800 nautical miles shorter than the conventional voyage through the Suez Canal
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