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While the United States and Britain reel from one catastrophe to another in the storm of the sub-prime crisis, the eurozone has seemed remarkably detached, until recently anyway. For the Americans and the Brits the news is totally dominated by stories of collapsing banks, bail-outs, vast lines of credit insurance which turn out to be […]

Posted by Michael Berendt

Nobody knows where the IRG begins and the ERG ends, Commissioner Reding complains to the European Parliament.
You can see just how irritated the Commission is that the Independent (telecoms) Regulatory Group (IRG) with 31 European members should have been registered as a private company under Belgian law, to do things which (she believes) […]

Posted by Michael Berendt

The OSCE seems to have serious doubts about Georgia’s role and there are even suggestions that the conflict was provoked by Vice President Cheney in order to boost McCain’s cause in the US elections.
Rash initiatives by the Georgian government in South Ossetia were almost certainly the trigger for the Russian action, but a trigger […]

Posted by Michael Berendt