In Europe

gaz

Shale Gas: There Will Be No Revolution in Europe

PARIS | By at Les échos via Presseurop | This week, France confirmed its ban on shale gas exploitation and the European Parliament demanded environmental impact studies before all test drilling starts. More obstacles for a resource that may yet not be the solution to Europe’s energy problems.



eurosceptics

No Euroscepticism Please, We’re German

PRAGUE | By Daniel Gros at Project Syndicate via Presseurop | German ardour for the European project is not cooling, as some would have the public believe. Instead, Germany is recognising the value of the EU and above all the single currency, now more than ever.






No Picture

Post-Collapse Iceland: Capital Controls, Government Action – and (Possible) Creditor Counteractions

LONDON | By Sigrún Davíðsdóttir | There is yet no clear plan in sight as to how to deal with the estates of the failed banks and, eventually, lifting the capital controls in Iceland. However, the fact that the government has declared it intends to use a given “wind-fall” from the estates indicates that there is a certain wish(ful thinking). The question is how this “wish” will materialise – and most of all, if the creditors will stage some counteraction, either as a group or single creditors, to seek to claim their foreign assets in foreign courts.