Despite the Historical Blunders of Price Fixing, European Commission and G7 P...
With the global economy looking gloomy and financial trade more restricted than ever before in history, government-mandated prices are seemingly coming back with a vengeance. Europe is suffering from significant financial hardships stemming from the Ukraine-Russia war, and just recently the Kremlin disrupted the European Union’s main gas supplies. Now members of the European Commission and G7 finance ministers are attempting to implement price caps on crude oil and electricity. Axios Editorial Claims Price Control Ideas Are Being Taken up by ‘Influential Economic....
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Following the discussions concerning the inter-governmental political forum Group of Seven (G7) pledging to impose price caps on crude oil and the European Commission talking about fixing electricity prices, Russian president Vladimir Putin explained on Wednesday that Russia will not supply the industrialized economic powers and the West with energy. “We will not supply gas, oil, coal, heating oil — we will not supply anything,” Putin stressed during the Eastern Economic Forum’s plenary session.
Putin to Europe: ‘Freeze, Freeze, the Wolf’s....
The European Commission disagrees with some provisions in the crypto regulatory proposal approved recently by the European Parliament. The executive arm in Brussels is unhappy with certain anti-money laundering measures, according to a media report quoting unofficial correspondence.
European Commission Working on Compromise Proposal for EU Crypto Rules
Europe’s upcoming Markets in Crypto Assets (MiCA) legislation is facing challenges in the trilogue stage, less than two months after the European Parliament voted on the draft. Since then, discussions have been underway....
The European Commission (EC) is opposing the creation of the crypto crime victim superfund to be financed with $0.0001 per dollar on all cryptocurrency transactions occurring within the EU. The Commission says that it does not have the competence to set up and administer such a fund. It also argues that most crypto crimes occur outside the EU jurisdiction. EC Says It Lacks the Needed Competencies The EC made the remarks in response to a petition lodged with the European Union Parliament (EUP) by a consortium of crypto fraud victims. In their petition, the victims insist that the EC, which....
A PROMINENT former adviser to the President of the European Commission has described the EU’s treatment of Ireland throughout the financial crisis as “outrageous.” Philippe Legrain – an academic, headhunted by European Commission president, Manuel Barroso, in 2011 to advise him on economic strategy – gave a highly damning condemnation of what he described as “bullying” by the European Union. The same European Union that is now imposing negative interest rates. Legrain, who quit his job as special adviser to the European Commission, earlier this year has just released a book describing and....
The executive arm of the European Union government is planning to expand its work on blockchain, an official said last week. According to newly published statements from 7th February by European Commission VP Andrus Ansip, the Commission is planning to grow its “support” for blockchain projects – something that Ansip characterized as an expansion of existing efforts. It was last spring that the European Parliament approved a task force, led by the Commission, to study blockchain. At the time, MEP Jakob von Weizsäcker framed the measure as a way to monitor the nascent blockchain space while....