Articles About European Union

The United States has fallen to third place – behind China and Germany – in the development of clean energy sources, according to a new report from the Pew Charitable Trusts. Investment in global clean energy expanded significantly in 2010 to $243 billion, a 30 percent increase over 2009.  China, Germany, Italy and India were […]

Against its will, Ireland is now in a state of receivership mandated by the European Union (EU) and the International Monetary Fund (IMF) in an effort to resolve the Emerald Isle’s debt crisis.   European central bankers have paid £111 billion into Ireland’s banks to prevent damage to the euro in what is being jokingly referred […]

There’s good news and bad news about the health of European banks.  Of the 91 financial institutions that recently underwent stress tests, only seven outright failed. Those seven who did not perform well were ordered to raise their capital by €3.5 billion (approximately $4.5 billion).  The number of failures were far less than what was […]

Apparently, the American housing market is not the only one experiencing difficulties.  In the United Kingdom, Lloyds Banking Group Plc has sold its unprofitable chain of 218 Halifax Estate Agencies, Ltd., a large British residential real estate brokerage firm, to LSL Property Services Plc for just £1 – about $1.60. According to Lloyds, the sale […]