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Posts Tagged ‘Moldova’

Europe’s Rejection of Nuclear Power a Gift for Russia

June 16, 2011 1 comment

thetrumpet

« The German E.ON nuclear power station in southern Germany is set to begin closing down in 2014.

Germany will phase out nuclear power by 2022, German Chancellor Angela Merkel announced June 3. A week before, Switzerland made a similar decision. Italy followed suit on June 13, voting overwhelmingly to reject nuclear power in a national referendum.

These countries will almost certainly have to replace their nuclear power with natural gas, at least in the short term. It is readily available and less polluting than coal or oil. The International Energy Agency recently predicted a “golden age of gas.”

The only problem is where Europe gets most of its gas from Read more…

Surging Food Prices Could Thrust Millions Into Poverty In Emerging Europe: World Bank

April 16, 2011 Comments off

WASHINGTON, April 16 (Bernama) — The recent price hikes in food and energy could push more than five million people in Eastern Europe and Central Asia into poverty, reports the China’s Xinhua news agency, quoting World Bank’s official.

Yvonne Tsikata, the director for Poverty reduction and economic management of the World Bank’s Europe and Central Asia region said: “The poorest people in the region will suffer the most from the high food and energy price inflation, which reduces their purchasing power’.

She said that the region’s poor often spend half of their income on food, and Read more…