Iran defiantly continues to expand its uranium enrichment program despite international sanctions and multiple U.N. Security Council resolutions, according to a report from the International Atomic Energy Agency. Iran has begun installing advanced centrifuges that will increase the rate of enrichment and reduce the amount of time it needs to …
Bulgarian authorities yesterday accused Hezbollah of perpetrating a bombing that killed six people last summer, a finding that should lead to a reversal of the European Union’s policy of appeasement towards the Lebanon-based terrorist group. Bulgarian Interior Minister Tsvetan Tsvetanov announced the long-awaited results of the investigation into the July …
Many self-righteous and smug Eurocrats will be celebrating the European Union’s Nobel Peace Prize, which was awarded earlier today in Oslo, Norway. Wisely and sensibly, some European leaders, such as British Prime Minister David Cameron and Czech President Václav Klaus, decided not to attend today’s ceremony. It was clear to …
Got milk? The European Parliament sure does. European dairy farmers were in Brussels this week to protest proposed changes in dairy regulations. Protestors doused the parliament building with milk and capped off a rough 10 days for the European Union (EU) capital following a failed summit last week over the …
In a new Backgrounder, “How Contagious Is Europe’s Economic Crisis?”, we discuss several channels through which a European crisis could be transmitted to the U.S. economy and note the key policy responses needed in the U.S. and in Europe. Current effects. The U.S. is already affected by lower demand for …
Numerous governments across Europe have embarked on strict austerity programs. Europe is also sliding into a deep recession, with some countries already essentially in deep depression. Are the two phenomena related? Is the austerity exacerbating the economic downturn? Yes and no, and the yes should be no surprise. For context, …
