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In many ways the United Kingdom of Great Britain and Northern Ireland, which joined what was then the European Common Market in 1973, represents a distinct society in its own right: with its strong currency it remains outside the Euro zone, fails to participate to the Schengen Area regulating border controls, while enjoying special budgetary rules.
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Like other OECD economies, European businesses have seen an investment hibernation since 2009. Abundant spare capacity limited the need for new investment, and has created a very hesitant business investment mindset. At the same time, corporate cash has increased, creating the capacity to invest when the time is right.
As America is the world's growth engine, it's critical to know what its buyers are saying. The news is not just good; it's great. Manufacturers were discouraged by the poor winter weather, but they got over it; the index is now back to the heights seen last fall, and rising. New orders are leading the charge, up sharply in the last three months.
BRUSSELS - Europe's economy is growing faster, raising hopes for a sustainable recovery, but that may not be enough to bring sky-high levels of unemployment down anytime soon.The economy of the euro b...
A couple of days ago, a friend sent me a video of Nigel Farage speaking at the European Parliament. I hit "play" expecting the general "as polls show..." but before Farage was half-way through his speech, my sides were splitting. It was the greatest and most eloquent utterance on the topic of the EU I have heard from any British public figure since Sir Jimmy Goldsmith spoke at a conference in 1996.
WASHINGTON - Finance Minister Jim Flaherty had some tough talk on Thursday for the 17 euro zone countries, saying Canada and other non-euro nations shouldn't be expected to commit any more bailout fun...