While I am writing this, leaders of 19 countries plus the European Union are gathered in London at what has been described as the G-20 Summit. The purpose is get the world out of recession and get the global economy going. Read the rest of this entry »

The Obama administration has already begun to ruffle some feathers abroad. Let us hope this does not turn into another à la Bush attitude. It seems that the new Treasury Secretary Timothy Geithner said that China should let loose restrictions on its currency. Read the rest of this entry »

It seems that the Iraqi government is finally taking decisions and that should be welcomed. A couple of days ago, Ali al-Dabbagh, spokesman for the Office of the Prime Minister of Iraq and former member of the Iraqi Parliament, announced in Washington at the Institute of Peace, an independent, nonpartisan, national institution established and funded by the United States Congress, a proposal for the creation of a regional economic and security union for the Middle East explicitly modeled on the European Union. Read the rest of this entry »

I am almost refusing to continue writing about banks, shares, and the sudden “populism” of Obama and McCain who it seems to me are just mouthing words, blaming each other and promising to save everyone. I believe they don’t have a clue about what to do. Read the rest of this entry »

It is not so long ago that European politicians were optimistic enough about the recovery of the economy. They talked quite freely about it and even set a date. Good times would be back in the second half of 2009. Read the rest of this entry »

Even though we are still in 2008, France has already begun to prepare for the contest of choosing its European Capital of Culture. On June 13, 1985 and conceived as a means of bringing citizens of the European Union – at that time the European Community – together Read the rest of this entry »

On Monday oil rose above $133 a barrel due to continuous worries about supplies. Reports of an attack by militants on an oil pipeline in Nigeria, one of Africa’s largest oil exporters also contributed to boost prices. Probably with the aim to comfort the American consumer, Read the rest of this entry »