Rhein on Energy and Climate

Archives for Financial Crisis

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

Just in time for the UN General Assembly, the UN secretariat has published the second World Happiness Report. On the basis of extensive polls in 156 countries it assesses how people rate their overall happiness in life. The result shows that, despite the 2007-08 financial crisis, the world has become slightly happier in 2012 than… » read more

Posted by Eberhard Rhein

For two decades US government authorities have indulged in an unbelievable negligence of the banking sector: Banks could place very risky new financial instruments into the market without being called to order by fragmented banking authorities. Similarly, the US government, followed by others, allowed car makers to seduce consumers into buying the most perverse gas… » read more

Posted by Eberhard Rhein

The world is entering into a major recession. Global economic growth will go down to less than 2 percent in 2009, with USA and Europe the most affected regions, and most of the Asian and African countries the least hurt. This recession, which follows the global unleashing of the US banking disaster, will be not… » read more

Posted by Eberhard Rhein

Crises always have their positive by-effects. Who would have thought only a few months ago that the EU is able to play an effective role in the international arena outside its traditional competence for international trade! And here we see the EU rising to the challenge of three major crises the world is confronted with.… » read more

Posted by Eberhard Rhein

Humanity is living through its worst financial crisis since the Great Depression 1929-33. A decade of complacency, self-deceit and appalling flaws of government regulation and oversight, above all in the USA but also in Europe, have been at the root of the financial disaster that has been unfolding for the past 18 months. It has… » read more

Posted by Eberhard Rhein

There is only one issue of concern these days in Brussels and other capitals: the widening of the financial crisis into a recession! The speed at which the crisis, which has started some 15 months ago in US mortgage financing, has accelerated in the last three weeks is awe-inspiring. Governments have failed to realise the… » read more

Posted by Eberhard Rhein