May 02

EU Commissioner Warns “Any ‘Sensible’ Person Should Oppose Further Russia Sanctions” (ZeroHedge, May 2, 2014):

Obama won’t be happy! “It would harm everybody, the Europeans and the Russians,” warned Olli Rehn, the European Commissioner for Economic Affairs, adding that “any ‘sensible’ European Union citizen should oppose further sanctions on Russia because of the economic cost for Europe.” As Merkel and Obama cozy’d up for discussions this morning, we can only imagine the promises being made if only she will support his crusade (which she clearly was unwilling to judging from the press conference). Perhaps she should check in with her nation’s CEOs (who have vociferously demanded no more sanctions) and, as Rehn acknowledges, the slowing Russian economy is already having a “negative impact” on Finland and Austria, and “that economic fallout probably will spread to Germany, Poland and the Baltic countries.”

As Bloomberg reports, Europe should shun Russia sanctions on economic cost, according to Olli Rehn: Continue reading »

Tags: , , , , , , , , ,