Monthly Archives: June 2012

Is Spain’s Check in the Mail?

By Martin Fluck | Published: June 14, 2012
It’s a big mystery where Spain will get the money for its so-called bailout, given how urgently its banks need a life supporting transfusion. The European Financial Stability Facility or the European Stability Mechanism are mooted, but no-one yet knows which Spain will have to rely on. My suspicion is that the check is “in the mail.”
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Is a Global Aviation Trade War About to Break Out?

By Mart | Published: June 12, 2012
The EU’s emissions trading scheme could trigger a full scale global aviation trade war within weeks. A total of 30 countries which signed the Moscow Joint Declaration in February – including Russia, India, and the US - have threatened to retaliate. But China has upped the stakes by warning that it is prepared to impound European aircraft, if the EU punishes Chinese airlines for non-compliance, according to Reuters.
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The EU Dumps the Green Agenda And Embraces Gas

By Martin Fluck | Published: June 6, 2012
Europe’s cash-strapped governments can no longer afford to prop up renewable technologies, or fund the environmental gravy train that developing countries have been hoping to climb aboard. As the economy slumps, subsidies for costly clean energy are being scrapped, and the EU is diverting €80 billion intended to develop renewables into cheap ‘low carbon’ shale gas.
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