European importers currently pay for oil in dollars, but energy trading in more than one currency used to be commonplace, according to Bruegel’s Elina Ribakova. She argues that a return to the days of multiple trading currencies could yield multiple benefits — and please Russia, which naturally would like to “de-dollarise” trade.
Writing for Bloomberg, Leonid Bershidsky applauds the European Parliament’s new rules restricting commercial use of plastics — forks, straws, coffee stirrers, balloon sticks and the like — but argues they won’t go far enough to have a meaningful impact on the environment. The phase-outs should have hard deadlines. Plastic bags should be […]
By Andy Blom, TES Washington Editor What an interesting election. Both sides won. The D’s won the Presidency (assuming the legal challenges fail). The R’s held the Senate and gained in the House (assuming an R win in Georgia’s runoff). Sanity, in some form, maybe won, giving us a gridlocked Washington. If President-maybe-elect Biden’s […]