Is France's austerity plan convincing enough?
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Repsol YPF makes largest oil discovery in its history
MADRID | Repsol has found in Argentina new reserves equivalent to YPF’s. The site is located in Argentina’s Neuquén province in the region known as Vaca Muerta, with a total area of 30,000 square kms, of which Repsol YPF has 12,000 square kms. The company has confirmed the existence of large volumes of unconventional oil in the area of Loma La Lata. These resources would transform the energy potential of…
Investment banking and its fantasy profits
IAG signs a pre-agreement to buy Lufthansa’s UK subsidiary
As reported in El Mundo, the company resulting from the merger of British Airways and Iberia, IAG, has signed a preliminary agreement to buy the British subsidiary of Lufthansa BMI, the second largest airline at Heathrow airport, according to the company’s statement in the presentation of results, in which it earned €365 million up to September. If the deal goes through it will, says IAG’s chief executive Willie Walsh, “expand our…
IAG signs a pre-agreement to buy Lufthansa's UK subsidiary
As reported in El Mundo, the company resulting from the merger of British Airways and Iberia, IAG, has signed a preliminary agreement to buy the British subsidiary of Lufthansa BMI, the second largest airline at Heathrow airport, according to the company’s statement in the presentation of results, in which it earned €365 million up to September. If the deal goes through it will, says IAG’s chief executive Willie Walsh, “expand our…
Adjustment Time for core Europe
France and Germany, the two core economies in Europe, need a correction like the rest of the eurozone countries. The French prime Minister Françoise Fillon on Sunday announced the second adjustment plan in four months, “ the most rigorous since year 1945”, whose aim is to obtain between six to eight additional billion euros. On the other hand, Angela Merkel confirmed that the German will benefit from a tax cut…
Emilio Ontiveros: “We find ourselves in the hands of incapable institutions”
Emilio Ontiveros: "We find ourselves in the hands of incapable institutions"
Weekend link fest
A curated selection of links we hope can enlighten us all; some come from our corner, some do from other corners of the net. And as always, our comment widgets are anxious to get your suggestions: Are we all Greeks? Yes, we are It’s not just economics, euro sceptics! Apple's sleazy secret police lose their leader Czech leaders, arrogant and corrupt how to get your ex back Three US economic misconceptions…
What a difference a 0.25 makes
