Economy

Interview with Italian Prime Minister Mario Monti 'A Front Line Between North and South'

Interview with Italian Prime Minister Mario Monti
'A Front Line Between North and South'

Der Spiegel

6 August 2012

In a SPIEGEL interview, Italian Prime Minister Mario Monti says Europe is showing traces of a "psychological dissolution" in the debt crisis and that leaders are doing too little to stop it. He also warns that governments cannot allow themselves to become "fully bound" to parliament in determining policies to save the euro.

Israel Finds $240 Billion Gas Hoard Stranded by Politics: Energy

Israel Finds $240 Billion Gas Hoard Stranded by Politics: Energy

 

Bloomberg

3 August 2012

 

Israel, reliant on imported energy since the state’s foundation in 1948, now has more natural gas than it can handle.

Noble Energy Inc. (NBL), Delek Group Ltd. (DLEKG) and other explorers have discovered enough gas under the Mediterranean Sea to supply Israel’s needs for 150 years. To profit from the finds sooner, the companies want to export the gas by pipeline or ship. As the Ministry of Energy prepares to publish a blueprint for developing the fields later this month, officials say the country’s economy and security must come first and shipments abroad limited.

Draghi can't offer a quick solution

Draghi can't offer a quick solution

Deutsche Welle

2 August 2012

The expectations were enormous ahead of the European Central Bank's monthly meeting. People were talking about "unlimited firepower" and "whatever it takes." But the announcements at the end were disappointing.

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