‘Let’s switch to euro’: Russia backs EU’s bid to shift away from dollar, economy minister says

posted in: News, Russia

US dollar and Euro banknotes © Reuters / Dado Ruvic Since both Russia and the EU are not dollar-based, it would be more beneficial for both to switch to euro in energy resource trading, Russian Economic Development Minister Maxim Oreshkin … Read More

Italian banks are reeling. A budget fight with Europe won’t help

Italy is battling the European Union over government spending levels. The country’s banks may end up paying the price. The European Commission rebuked the Italian government on Tuesday over a draft budget that calls for a sharp spending increase in … Read More