So has EU policy to diversify gas supplies through the “Southern Corridor” become a failure now that it’s clear that there will be no Nabucco pipeline running through Turkey? Nabucco, whose major shareholders are RWE of Germany and OMV of Austria, has long been seen as the flagship EU pipeline …
About Time: the case for shorter working hours
As you read this, the UK is sliding back into recession, unemployment across Europe is at a record high, and uncertainty stalks China and the other rising economies. Politicians call for austerity and little else. But spending cuts are economically illiterate. They wreck weak economies, locking them into a cycle …
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