Global Economy

Russia Presses Ahead With Plan for Gas Pipeline to Turkey

But in recent weeks, the Russian state-owned company Gazprom has shown signs that it is serious about proceeding with what it calls Turkish Stream.

Gazprom’s chief executive recently made it clear that Turkey is its new focus — and that if Europe wants more Russian gas then it will need to find its own way to tap into it.

Opinion: Swiss move is small preview of what would happen in euro breakup

US Government Role in Shale Gas Fracking History: An Overview

How the shale oil revolution has affected US oil and gasoline prices

Maximising happiness does not maximise welfare

George Soros: Russia Could Default & Disrupt Global Markets; Europe Must Rescue Ukraine

The Global Consequences of Russia’s Isolation

Michael Pettis explains the euro crisis (and a lot of other things, too) Matthew C Klein | Feb 06 08:30 | 53 comments | Share Share this on Twitter Facebook Google+ LinkedIn StumbleUpon Reddit Th

Europe's Young Entrepreneurs

Mr. D’Aloisio was still a 17-year-old British student in 2013 when he sold his news-reading app, Summly, to Yahoo for what some reports said was as much as $30 million.

Jan Koum, the Ukrainian-born American who was a co-founder of WhatsApp, a mobile messaging application.The company was acquired by Facebook a few months later. “I turned down his offer, but since his company then got sold for $19 billion and every employee held some options, it’s a bit painful to think about that decision,” Mr. Cuende said.

Opinion: Swiss move is small preview of what would happen in euro breakup

Homeowners in Poland Borrowed in Swiss Francs, and Now Pay Dearly

We Can’t Blame a Few Rich People for Global Poverty

Europe’s Anti-Business Stance

Half-a-Loaf Growth

Fundamental to the argument that Spain (or Greece, or anyone else) has a moral obligation to repay in full its debt to Germany are two assumptions. The first assumption is that “Spain” borrowed the money from “Germany”, and that there is a collective obligation on the part of Spain to repay the German collective. The second assumption is that Spain had a choice in what it could do with the German money that poured into the country, and so it must be held responsible for its having mis-used hard-earned german funds.

There was plenty of irresponsible behavior in every country, and it is absurd to think that if German and Spanish banks were pouring nearly unlimited amounts of money into countries at extremely low or even negative real interest rates, especially once these initial inflows had set off stock market and real estate booms, that there was any chance that these countries would not respond in the way every country in history, including Germany in the 1870s and in the 1920s, had responded under similar conditions.

The winners have been banks, owners of assets, and business owners, mainly in Germany, whose profits were much higher during the last decade than they could possibly have been otherwise

Euro Crisis - Now Watch Denmark

Juncker revives eurozone integration proposals

A deal to bring modernity to Greece

In the short to medium run, increasing Greek competitiveness requires remedies targeted at specific binding constraints faced by exporters. A Greek program that identifies these constraints and proposes remedies would be much better economics than blind adherence to the troika's laundry list of structural reforms.