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Miesiąc: styczeń 2012

EU leaders back fiscal pact, bigger firewall

EU leaders back fiscal pact, bigger firewall

European Union leaders agreed to strengthen a financial firewall and most members of the 27-nation group will sign a new fiscal compact. But the first summit of the year ended without new solutions for the debt crisis in Greece.

The great Mediterranean executive migration

The great Mediterranean executive migration

Given the troubles in the eurozone, it’s little wonder that the number of executives in Greece and Italy seeking jobs elsewhere in the world is rising. According to the Cyprus-based firm One Hour Translation, the volume of résumés it translated from Greece and Italy rose sharply last year — by 29% and 54%, respectively. The majority of the job applicants wanted their résumés translated into English or German, presumably because that’s where the high-paying jobs are. The question is, If…

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Can 'Super Mario’ save Europe and America?

Can 'Super Mario’ save Europe and America?

Who will be the most important person in economics in 2012? President Obama? Mitt Romney? Ben Bernanke? My candidate is Mario Draghi (a.k.a. „Super Mario”), who took over as chairman of the European Central Bank. Though virtually unknown to Americans, the dapper Italian technocrat could emerge as a savior of the world financial system or as its unwitting assassin.

Iran oil sanctioned by Europe

Iran oil sanctioned by Europe

The European Union announced tough new sanctions on Iran Monday, banning the import of Iranian crude and other items, in a move designed to increase pressure against Tehran’s nuclear program.