American energy giant Chevron announced it will discontinue its shale gas project in Poland as it no longer makes business sense. The company previously canceled drilling projects in the Arctic and in Ukraine.
Greek PM Alexis Tsipras will meet German Chancellor Angela Merkel “in due time,” a Cabinet member said, adding that Tsipras has a very busy schedule and plans to meet with the leaders of Italy and France first.
Greece will inevitably get a debt haircut as it’s not able to cope with the €240 billion bailout loan given by the EU, said Hugh Bronson from the Alternative for Germany party. No national structure is able to cope with that amount of debt, he added.
World statesmen have been educated in Britain’s finest institutions – Oxford, Cambridge and the University of London. Now the University of Essex may be the intellectual cradle of Europe’s politicos – Greek anti-austerity ones, at least.
The EU is not going to write off the external debt of Greece, as the country should abide by the previous commitments to its international lenders, said the President of the European Commission Jean-Claude Juncker.
Mark Carney’s claim that Britain has escaped a “debt trap” common to Eurozone states has been dismissed by UK economist Michael Burke as “delusional.” Burke says Britain's debt has merely been transferred from private firms to UK homeowners.
In the short-term being removed from SWIFT would be a problem for Russia, but in the long-term it’s an archaic analogue system for payments which should be replaced by fully digital technology, Patrick Young, expert in global financial markets, told RT.