#Europe: Caught by sterling’s strength against the #euro.

Q&A: Dominic Coyle

The euro: on the slide. Photograph: REUTERS/Dado Ruvic

When the euro/sterling rate was 85p, I purchased shares in sterling. Now the rate is 73p. If I sell now and invest further in sterling without realising cash and perhaps spending it, do I have to take account of the exchange rates for purpose of CGT?

The amount in sterling remains the same but would be showing profit in euro.

Mr M.B., Galway

There have been certain reliefs for people who reinvest gains but these, as far as I know, relate exclusively to the sale of assets relating to a business or trade and the investment of those gains in the trade or business. I don’t think they are going to provide you with any relief in your current position... (Read more)

EXTERNAL EXPANSION LTD., www.externalexpansion.net

#Europe: If the #UK quits the #EU, what happens to #Ireland?

As the UK general election looms, a subsequent UK exit from the EU is a real possibility. This extract from a new book analyses the consequences for the Republic.

As the UK general election looms, and with a subsequent referendum on Europe highly likely, a UK exit from the EU becomes a real possibility. A new book, Britain and Europe: The Endgame – An Irish Perspective, examines possible future relationships between the United Kingdom and the European Union and their implications for Ireland... (Read more)

EXTERNAL EXPANSION LTD., www.externalexpansion.net

#Ireland: #Chemicals account for 58% of value of #Irishexports in 2014

Latest CSO figures underscore role of big pharma in Irish economy

Eoin Burke-Kennedy

Chemicals and related products accounted for 58 per cent of the value of Irish exports in 2014, underscoring the role played by big pharma in the Irish economy.

Figures from the Central Statistics Office (CSO) show the value of Irish exports rose 2 per cent to €89 billion last year, while imports increased by 7 per cent to €53.6 billion - the highest level since 2008... (Read more)

EXTERNAL EXPANSION LTD., www.externalexpansion.net

#Europe: #Eurozone factories post ‘meagre’ growth in activity in January

Manufacturing firms cut prices in January at the steepest rate since mid-2013

Euro zone factory activity grew slightly last month as companies kept cutting prices, but a weakened currency did little to help drive new orders from abroad.

 

Euro zone factory activity grew slightly last month as companies kept cutting prices, but a weakened currency did little to help drive new orders from abroad, a survey showed on Monday... (read more)

EXTERNAL EXPANSION LTD.; www.externalexpansion.net

EFFECTS ON #WORLDTRADE... WHERE WILL IT ALL END?

Although in this article we will discuss today focusing primarily on Russia, before we do a review of previous records that have a lot to do with the current reality. Also worth mentioning, that the facts could happen faster than anyone could imagine and it is therefore important to review past events. Do not forget to read the integrity of the article and leave your opinions which will surely be of great contribution...

(Read more)

EXTERNAL EXPANSION LTD., www.externalexpansion.net

#Europe: ‘No grounds’ for lifting #Russiasanctions

Sanctions in place against Russia over alleged support for pro-Moscow rebels in Ukraine 

European Union foreign ministers said on Monday there were no grounds to lift economic sanctions against Russia despite conciliatory proposals from the EU’s foreign policy chief as violence intensified in eastern Ukraine... (Read more)

EXTERNAL EXPANSION LTD., www.externalexpansion.net

#Italy: ‘Worst ever crop’ down to climate change, say Italy’s #olivefarmers

The extreme weather and parasites that have devastated olive groves are set to send prices soaring

Failure around Europe: a farmer harvests olives this week in southern France; 40-60 per cent of the crop is likely to be lost. Photograph: Guillaume Horcajuelo/EPA

Miriam O'Callaghan

 

In Cork my grandmother had a lip for the exotic: coffee beans from Reardens, Turkish delight from Hadji Bey, Benedictine from Woodford Bourne, figs from Cudmores, dates from O’Keeffes, and olive oil from “Dr Duncan” at JJ Walshe’s pharmacy, on Shandon Street... (Read more)

External Expansion Ltd. www.externalexpansion.net

#Eurozone needs to escape cycle of #creditbooms

Opinion: we need to escape from this apparently relentless cycle

The People’s Bank of China headquarters in Beijing. Photograph: Petar Kujundzic/Reuters

Huge expansions in credit followed by crises and attempts to manage the aftermath have become a feature of the world economy. Today the US and Britain may be escaping from the crises that hit seven years ago. But the euro zone is mired in post-crisis stagnation and China is struggling with the debt it built up in its attempt to offset the loss of export earnings after the crisis hit in 2008... (Read more)

External Expansion, www.externalexpansion.net,

Why #Europe needs to reverse the austerity #Germany has championed

Opinion: ‘Not only was Ireland bullied by the ECB into entering a programme, but a large chunk of the received funds was transferred straight to the financial sector and foreign creditors (including various German banks)’

Then taoiseach Brian Cowen and Brian Lenihan, minister for finance, making a statement following the Cabinet meeting regarding the financial bailout in 2010. Photographer: Dara Mac Dónaill / THE IRISH TIMES

Germany, written off as the “sick man of Europe” when the euro was launched in 1999, is today considered by most – first and foremost by the Germans themselves – to be the continent’s most successful economy and a model for other countries to follow. But this is a dangerous misconception. As Matt O’Brien recently wrote in the Washington Post: “It doesn’t seem like it, but Germany is still the sick man of Europe. It’s just that everybody else is terminally ill now"... (Read more)

External Expansion, www.externalexpansion.net,

#Europe: #Germany just escapes recession, #France beats low expectations

Europe’s largest economy eked out 0.1 per cent growth from the previous three months

Germany has narrowly avoided recession in the third quarter of the year. Photo: Bloomberg

Germany narrowly avoided recession in the third quarter of the year and France exceeded low expectations, putting the euro zone on course for anaemic growth but no contraction... (Read more)

External Expansion, www.externalexpansion.net,

#Europe: #ECB begins #buyingbonds to #reviveeconomy

Central bank focuses on short-dated debt held by French and Spanish banks

The plan, announced by ECB president Mario Draghi in September, aims to take rebundled debt off the balance sheets of euro-zone banks. Photograph: Martin Leissl/Bloomberg

The European Central Bank launched its much-awaited covered bond-purchase programme yesterday in a bid to kick-start the moribund euro zone economy, focusing on short-dated debt held by French and Spanish banks, according to analysts... (Read more)

External Expansion, www.externalexpansion.net,

#Europe: mending a bad marriage

The European project is a failed marriage, and only a radical reappraisal of the union – political and, above all, fiscal – can prevent a messy divorce

Photograph: Mike Kemp/Rubberball/Getty

(Read more)

External Expansion, www.externalexpansion.net,

#UK: The UK’s exit from the EU is in the hands of #Scottishvoters

If Scotland opts for independence, the UK’s divorce from Europe would swiftly follow

'Britain’s EU membership will be one of the major issues at stake in next year’s general election.' Photograph: Alain Jocard/AFP/Getty Images

The referendum on Scottish independence, due on 18 September, comes at a time of growing opposition in the UK to remaining in the EU. This is significant because Scotland is the strongest base of pro-European sentiment in the UK... (Read more)

External Expansion, www.externalexpansion.net,

#Russia: Most Russians Support #FoodImportBan, Poll Shows

Most Russians support the ban on some foreign food imports imposed by President Vladimir Putin this month in retaliation to Western sanctions over Ukraine, a survey published Friday showed... (Read more)

External Expansion, www.externalexpansion.net,

#Europe: Klarna, an Online Payment System Popular in Europe, Eyes Global Expansion

STOCKHOLM — Ready to check out online? Just enter your email address and a postal code to complete the purchase. The bill will be in the mail... (Read more)

External Expansion, www.externalexpansion.net,

Germany's current-account surplus is partly to blame for eurozone stagnation

With Germany unwilling to spend, it is up to ECB president Mario Draghi to devalue the currency for a much-needed boost.

While the rest of the world recovers from the great recession of 2008-2009, Europe is stagnating. Eurozone growth is expected to be 1.7% next year. What can be done about it?...

(Read more)

Europeans Debate Tougher Sanctions on Russia

BRUSSELS — European Union foreign ministers met on Tuesday to endorse a schedule of tougher sanctions against Russia over the downing of a Malaysia Airlines jet in eastern Ukraine. But they were unlikely to impose the measures immediately for fear of jeopardizing an independent search of the crash site and possible Russian help in quelling the rebellion in Ukraine, according to officials...

(Read more)

Carmakers Are Central Voice in U.S.-Europe Trade Talks

Efficiency is seldom the goal for automakers dealing with the current trade rules. Cargo vans are fully assembled in Germany before some of the parts are removed for the trans-Atlantic journey.

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Eurozone is weak and risks falling into deflation, IMF report warns

Euro area should repair bank balance sheets, step up reforms to boost jobs and the ECB should get ready for quantitative easing.

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Germany rules on economic planning but Irish opportunism makes sense

Business Opinion: German plan is so good it makes it difficult for us to plan long-term 

THE IRISH TIMES. Mon, Jul 7, 2014, 01:00 Jhon McManus

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