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Europe as Solution: Facts and Myths

Extracts from a January 2013 speech delivered in Portugal by José Manuel Durão Barroso, President of the European Commission I sincerely believe that, in spite of the difficult economic situation we are experiencing, we Europeans have the means to confidently

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Pier Carlo Padoan, OECD: A New Era for the Euro Area

The euro area is entering a new era. The importance of [approval by the German constitutional court of the European Stability Mechanism (ESM)] and the European Central Bank’s (ECB) new Outright Monetary Transactions (OMT) programme set out recently cannot be

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DESERTEC: Clean Power From Deserts

By Michael Düren Solar power from deserts can contribute significantly to a future renewable energy system. The technically accessible solar potential in deserts exceeds the global energy demand by a factor of 20. In the DESERTEC concept, a smart super

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UPDATED: Spain Still Up for a Class Ride

[update 06/08/2012: further gallery images added] Drive Espana – High Performance Luxury Touring Drive Espana was created in 2004 to give discerning owners of High Performance Sports Cars great driving holiday experiences So Why Spain? Simple – miles and miles

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Europe’s Depressing Prospects

By Michael Pettis Normally I don’t like to write about European prospects in the midst of a very rough patch in the market because in that case there isn’t much I can say that isn’t already being said.  I find

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Share Trading Suspended in the Spanish Lender Bankia, Pushing Spain Ever Closer to Needing a Bailout

The Spanish market regulator CNMV said it was “due to circumstances that may affect the normal share trading”. There are reports that Bankia will ask the government for a bailout of more than 15bn euros ($19bn; £12bn) after a board

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