It’s tough to pin Nicolas Sarkozy down. He had spent the last week in apparent populist mode, hence his proposal for a redistribution of the VAT windfall on fuel taxes, and working on a plan to use France’s EU presidency to drive a clampdown on immigration to the EU. Yet he has added [...]

Does anyone happen to know offhand the “official” dollar rate of the Ukrainian currency, the Hryvnia? I am asking this question since clearly over at the central bank they are having difficulty deciding at the moment, since - like the legendary character Hydra - they seem to be speaking with two “heads” at the same [...]

Stupider than you can imagine. Evidence, the map over at this fine post from Sadly, No!. Read the whole thing, but as well as introducing the best title for a blog post ever, they’ve caught “Gates Of Vienna” pretending that in the future, Europe will be divided into Islamic states (with incredibly silly names), Russian [...]

Slovakia today won EU approval to adopt the euro on Jan. 1 2009, thus becoming the 16th member of the European single currency zone. The EU Commission announced today on its Web site that Slovakia had reduced both the fiscal deficit and inflation sufficiently to qualify. At the same time the [...]

The American continent is about to get its first high-speed train. Where?
Argentina.
Argentina on Tuesday signed a contract with a consortium led by Alstom of France to build the first high-speed train in the Americas, linking Buenos Aires with the cities of Rosario and Córdoba in three hours, nearly a fifth of the current journey time.
Patrick [...]

Jason Burke of the Observer reports that the next few days are expected to bring the indictment of people involved in Ergenekon. Ergenekon? Well, if you read AFOE you’ll already know that Ergenekon is a secret extreme-right network of influence within the Turkish elite, suspected of being behind a succession of acts of violence, which [...]

What really strikes me about the slowdown we are currently seeing in the eurozone economies is not so much what we are seeing, but how we are seeing (or if you like interpreting) it. The core of the issue is to be found - as is ever the case - in the details. And [...]

Maybe to many readers of this blog Slovakia’s application for membership of the eurozone may well not appear to be the political and economic event of the year. That rapid judgement may well turn out to be wrong. What is at issue here is the future course of the collective applications for zone membership of [...]

Slovakia has recently taken some important “baby steps” on its path towards future euro membership. In particular the government in Bratislava has now officially asked the European Central Bank and European Commission to assess whether or not it is now ready to adopt the currency on 1 January 2009.
The response of the European Commission [...]

As Italians head to the polls this weekend in order to pick what will be their 62nd government in 65 years (in an election which is being held three years early to boot, due to the collapse of Romano Prodi’s outgoing administration) one odd detail seems to stand out and sum up the multitude of [...]