Germany will increase its borrowing by almost 40 billion euros this year to mitigate the effects of the war in Ukraine, raising the net new debt of the year to almost 140 billion euros, according to three sources familiar with the matter cited by Bloomberg . The adjustment was deemed necessary to fund a series […]
Tag: International financial news
Commission urges European companies to continue paying in euros or dollars for Russian gas
EU companies may be able to circumvent Russia’s demand for gas payments in rubles without violating sanctions if they pay in euros or dollars, which are then converted into Russian currency, the European Commission said on Friday. reports Reuters. Companies should also seek additional terms for transactions, such as a statement stating that their contractual […]
US: Glenn calls for more flexibility in EU budgets
US Treasury Secretary Janet Glenn has entered into an often heated debate in the European Union over how to adjust public finances after Covid-19, saying more flexible fiscal rules are needed, according to Bloomberg. The EU has suspended debt and deficit restrictions linked to the Maastricht Treaty to allow states to meet the additional costs […]
Bank of Italy: War in Ukraine will not lead Italian economy into recession
The conflict in Ukraine is “a frightening event”, but the economic consequences of the war are not enough to lead Italy into recession, said the Governor of the Bank of Italy, Ignacio Visco and a member of the Board of Directors of the European Central Bank. Bloomberg. The event does not have “the global dimension […]
Britain: Sanctions after a holiday on Russian ‘golden visas’ oligarchs
The Conservative government has been accused of generously issuing “golden passports” to Russian oligarchs shortly after the annexation of Crimea to Russia in 2014. The Johnson administration has been tough on the Putin regime since its invasion of Ukraine in February. Basic way to do it? The imposition of sanctions in Moscow in general and […]
Andelsblatt: Criticism of fuel discounts in Germany
The German government wants to subsidize gasoline. However, real fuel prices have not risen – and above all the Kremlin leader is the one who will benefit, according to a Handelsblatt report. The rate is historic, as in March, consumers paid an average of 47% more for a tank of gasoline than a year earlier. […]
Germany: Christian Lindner between loans and debt brake
His party, the FDP, is small but influential because Lindner took over as finance minister. A first report to the government is being made at the party congress. At the Liberal Party congress, everything revolves, as always, around their president, Christian Lindner. He is used to this role now. He was first elected in 2014, […]
The mess with cooking oil is exacerbating an emerging global hunger crisis
The global supply of cooking oil – which has already been curtailed by the war – is declining, according to Bloomberg. Two months after Russia’s invasion of Ukraine disrupted world trade in agricultural products, Indonesia is set to ban exports of cooking oil due to local shortages and price spikes, adding to a number of […]
Musk seeks appeal against judge ruling that his tweets were false
Elon Musk is trying to appeal against a judge’s finding that the 2018 tweet about Tesla privatization was false, according to Bloomberg. Musk, and others accused in a shareholder lawsuit for the tweet, have asked U.S. District Judge Edward M. Chen in San Francisco to certify the decision so that an appeal can be made. […]
IMF: Restrictions on fiscal policy return
The spring meeting of the International Monetary Fund and the World Bank took place at a critical juncture as the war in Ukraine casts a shadow over the country, raising uncertainty that has been significantly reduced in the past thanks to anti-coronavirus and anti-coronavirus vaccines. economies. As the war intensifies global energy and food price […]