Rhein on Energy and Climate

Archives for Economy & Euro

The latest Eurobarometer survey published 7 September tells us once again what EU citizens think about and expect from the EU. Though the positive ratings have kept falling during the last decades, 53% of citizens still consider that, on balance, their country has benefited more from membership than not being EU member. With the exception… » read more

Posted by Eberhard Rhein

EU countries would benefit from joint bond emissions to finance their public debt. Joint bonds would create a huge market comparable to that for US federal debt and enable governments to secure better terms thanks to higher liquidity. Joint bond emissions will have to be guaranteed by all participating countries. In order to secure low… » read more

Posted by Eberhard Rhein

Euro-zone countries are presently engaged in a dispute about how to come to terms with excessive public debt levels. Before the start of the Euro-zone in 2001 EU member countries did not pay identical interest rates on public borrowing, Germany paying much less than Italy or Greece. That was considered perfectly normal,interest rates reflecting the… » read more

Posted by Eberhard Rhein

The re-elected Polish government is determined to tackle far-reaching economic and fiscal reforms in order to prepare the country for future uncertainties and challenges. It wants to put its public finances in order in view of joining the Euro-zone when the present crisis will have been resolved.. To that end, it aims at reducing its… » read more

Posted by Eberhard Rhein

The euro-zone is undergoing an existential crisis, which can be attributed to three fundamental causes: a mismatch of economic governance among euro-zone member countries; an insufficient oversight of national economic and fiscal policies; the absence of effective sanctions against non-compliance with joint policy rules. The present crisis is the result of more than 10 years… » read more

Posted by Eberhard Rhein

(Presentation to Austrian Consultants, Vienna 26.11. 2010) In the coming 40 years Europe will be confronted with two overriding challenges: • Make its energy supply essentially C02 emission-free as part of the global fight against climate change and energy security; • Maintain its competitiveness in an increasingly harsher global environment. I. To make its energy… » read more

Posted by Eberhard Rhein

For the last 40 years Europe has been struggling for a single patent comparable to patents issued by the US Patent Office. The patents granted by the European Patent Office in Munich are only valid in the 37 signatory countries of the 1973 European Patent Convention, after due translation into the respective national languages. This… » read more

Posted by Eberhard Rhein

On an ordinary October day 2010 the international media carried four reports concerning EU activities: EU moves to block a Polish deal with Russia; EU claims victory over aircraft C02 emissions; EU Parliament to extend motherhood vacation to 20 weeks; EU Presidency proposes compromise over environmental levies on trucks. Each of these apparently trivial and… » read more

Posted by Eberhard Rhein

Since the introduction of the common currency, the 16 member countries, that have presently adopted the Euro, form an informal group within the EU institutional framework where they discuss their specific concerns on monetary and fiscal policies. This has often been very useful. The Lisbon Treaty has therefore formally confirmed the Euro group. Backed by… » read more

Posted by Eberhard Rhein

Politicians have little time to think and therefore often come up with bizarre ideas. One of these is the carbon border tax proposed by President Sarkozy and favoured also by other politicians in Europe. A carbon border tax is an instrument for protecting European industries against imports of carbon-intensive products like cement, steel, aluminium or… » read more

Posted by Eberhard Rhein