Europe

Russia: Fruits of a sanctions war

The sanctions imposed on Russia by the West after its alleged support for the separatist rebel militias in Ukraine are now taking their toll on the country’s business sector, our sources in Moscow tell Global Sources Magazine’s special correspondent David Edgar. THE international media are also reporting that these sanctions […]

Another Greek disaster?

  There’s one more Greek disaster in the making as the nation rumbles steadily toward financial collapse. The new dark cloud is the current licensing round for the exploration and exploitation of Greek offshore hydrocarbon resources. Soundings just made by Global Sources Magazine suggest that the ministry of energy could find itself […]

Hercules against the Troika

Greek Prime Minister Alexis Tsipras may be inclined to identify with the Greek hero Hercules as he battles the many-headed hydra of the EU Commission, the European Central Bank and the International Monetary Fund. But he’s more likely to remind Europeans of a lone French leader who kept returning to […]

Azerbaijan’s false Euro-mask

FROM ancient times Azerbaijan was famed for its “burning rocks” and in the 19th century oil men and companies made careers and fortunes from easily accessible crude oil. After being freed from Soviet domination in 1991, the Caspian Sea state invited Western oil companies to pump and export huge volumes […]

Mouse, bear – no problem

Once upon a time there was a mirror in Nicosia that sucked in anyone who lied in front of it. One day a Greek Cypriot goes in front of the mirror and says, “I’m thinking it’s time we solved the Cyprus problem.” He vanished as the mirror sucked him in. […]

Where’s all the money gone?

Alongside political turmoil and economic disasters, Greece has watched depositors pull their money from its banks on an unprecedented  scale. Will it ever return? Julia Damianova reports on the capital flight for Global Sources Magazine. IT’S the sting in the tail of Greece’s economic and political turmoil – deposits have fled […]