Filed under: Uncategorized | Tags: bailout, Brussels, CH4, Cyprus, ECB, energy, EU, euro, Gazprom, Israel, Lebanon, Levant, Levant Basin, Leviathan, Natural gas, Russia, Syria
Cyprus has known from the beginning that its bailout is tied to its potential petrol dollars, while the EU has attempted to couch this in all manner of moral-high-ground rhetoric.
What will the EU do now? Will it bail Cyprus out on kinder terms to keep Russia from getting hold of the island’s gas? Monday is D-Day: This is the deadline the European Central Bank has set for Cyprus to come up with $6 billion in order to “qualify” for a bailout package.
Cyprus is playing Russia and the EU offer each other right now, hoping to bring the specter of a deal with Russia close enough to make Brussels blink and give Cyprus more negotiating power.
Watch the deals in progress with this in mind: Not only is Cyprus’ financial collapse at stake here. Also at stake is Russia’s monopoly on the European gas market and the Europe’s entire gas future.
via Oilprice.com: EU Caught Playing Dirty and it’s all about Russian Gas.
Filed under: Uncategorized | Tags: bicycle, bicycling, bike, biking, cycling, e-bikes, ECF, EU, European Commission, human-powered transportation, motorbikes, motorized transportation, pedelec, urban cycling
Pedelec. A new word to me.
In a vote at the European Parliament today, MEPs have decided to keep the original European Commission proposal; only pedelecs with a maximum speed of 25 km/h and 250 watts power will remain exempt from motorbike regulation. Europe’s cycling organisations have welcomed the move, seeing it as a clear separation between bicycles and motorbikes
Filed under: Uncategorized | Tags: bond yields, economic meltdown, EU, Euro breakup, eurozone, Italian bonds
Via Econbrowser via Bloomberg.
Filed under: Uncategorized | Tags: China, EU, Iran, Japan, oil exports, OPEC, production, Turkey
If the EU stops buying oil from Iran, that would seem to benefit China, Turkey and Japan.