Michael Diathesopoulos

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Russian Forces Seize Another Military Airport In Ukraine's Crimea

The 80 or so-strong group, who were supporting 50 civilians, blocked off the entrance to the airport near the village of Saki and established machine-gun posts along the landing strip, the spokesman, Vladislav Seleznyov, told Reuters by telephone.<p>The civilian group, who were wielding sticks and …

Hungary's farmland clampdown risks new conflict with EU | Reuters

KALOCFA, Hungary (Reuters) - Austrian farmers working in Hungary could be forced off their land under new laws initiated by Prime Minister Viktor Orban, a prospect that angers Vienna and could revive conflict between Orban and Brussels.<p>Hungarian Prime Minister Viktor Orban presents his annual …

EU leaders draw up plans to send gas to Ukraine if Russia cuts off supply

EU leaders are rapidly drawing up plans to send some of their stocks of Russian gas back to Ukraine and other eastern European countries that need it, if Vladimir Putin reacts to western sanctions over the Crimea crisis by starving the continent of energy.<p>Russia’s largest gas producer, Gazprom, …

Behold the mighty euro, the currency that can’t help but go up

It is an “island of stability.” It is stronger than its main rivals. All hail the euro, king of currencies.<p>The euro set a two-year high against the dollar today. From its low in mid-2012, it has gained 15% against the greenback and almost 50% against the yen. What gives?<p>Mario Draghi, president of …

Economics

STOCKS GO NOWHERE: Here's What You Need To Know

S&P 500

When Will The Fed Tighten? Watch Inflation Expectations

When will the Federal Reserve tighten? Let’s watch the same information that the Fed does. In their parlance, the plan is “data dependent.” The recent <i>Wall Street Journal</i> interview with Bill Dudley, President of the New York Federal Reserve Bank, underscores the point.<p>In a previous post, Think The …

Why The Worst Is Still Ahead For Turkey's Bubble Economy

The explosive rise of Turkey’s economy in the past decade is one of the most fascinating growth stories of all time. Since 2002, Turkey’s economy nearly quadrupled in size on the back of an epic boom in consumption and construction that led to the building of countless malls, skyscrapers, and …

Three Reasons Why The UK Can Never Join The Euro

There are three reasons why the UK can never join the Euro. They are Ireland, Cyprus and Iceland.<p><b>Ireland</b><p>The Irish financial crisis saw the near-failure of its entire banking sector. Ireland bailed out its banks, partly at the behest of the European Union, which was concerned that Irish bank …

Google Faces Antitrust Heat In India

Google could face a penalty of up to $5 billion if found guilty by the Competition Commission of India in a two-year old probe launched to investigate if the company abused its dominant position in the business of Internet search and advertising.<p>India started antitrust investigation against Google …