Just a few days ago the European Union has confirmed that the economic sanctions against the Russian Federation were extended for another year, or specifically up to 19th January 2016. Despite attempts to minimize the perceived impact of this policy on the economy of the EU in the eyes of the public opinion, the price being paid to pursue this power politics agenda is none else but a hefty one. In this article I will focus on the actual catastrophic consequences of the sanctions on Italy, the reason...
... the IMF, in 2015 Russia will supposedly lose a chunk of its GDP amounting to 3%.
That would explain why the reduced oil price is not sufficient to shake the economy at global level and induce growth again, barring some exceptions, most notably the U.S.A.
“The revisions reflect a reassessment of prospects in China, Russia, the euro area, and Japan as well as weaker activity in some major oil exporters because of the sharp drop in oil prices. The United States is the only major economy for ...
... once the shale fuels will be ready to be exported consistently from the United States, if ever. Indeed, there are some elements that support this conclusion. Since the shale extractions began on vast scale, the oil and gas prices dropped inside the U.S.A., and while this fact alone did not directly endanger the market position of traditional oil producing countries, they could not certainly welcome a similar result to be replicated worldwide.
The problem with this conjecture is that after the ...
