Tag Archives: Netherlands

AT&T mulls takeover in Europe

Reuters – AT&T executives were considering a takeover in Europe, and some believed an opening existed now to buy a carrier in a major European market such as Britain, Germany or the Netherlands, the Wall Street Journal reported.

Big telecom companies such as AT&T could benefit from buying European rivals and create economies of scale, similar to the international expansion strategy of British carrier Vodafone, said analyst Jos Versteeg of Dutch private bank Theodoor Gilissen. more> http://tinyurl.com/bylo5e7

More carbon dioxide leads to less clouds

R&D Mag – The warmer the air, the more water can evaporate: a simple relationship familiar to us from everyday life. Researchers from Germany and the Netherlands have now established that this is not always the case: although an increase in the greenhouse gas CO2 makes the climate warmer, it also allows less water to evaporate.

“We wanted to know how the foreseeable rise in CO2 would affect cloud formation in temperate climate zones and what part the vegetation plays in this,” says Jordi Vilà-Guerau de Arellano from the University of Wageningen in the Netherlands. Working with colleagues from the Max Planck Institutes for Chemistry and Meteorology, the geophysicists made use of, for the first time, a computer model that takes account of the soil, water cycle, atmosphere and growth processes of plants. The model results highlight how local and daily variable processes, through turbulence, can influence the atmosphere on larger scales. more> http://tinyurl.com/bllvx32

Why a Euro-Zone Crisis Can’t Be Avoided Very Much Longer

By Michael Sivy – Stocks rallied powerfully late last week after European Central Bank President Mario Draghi declared that the ECB stands ready to do whatever it takes to preserve the euro.

There are three seemingly unavoidable problems:

  • The next round of losses in Greece cannot be charged mostly to private-sector lenders
  • Austerity and ECB lending have not been able to hold down interest rates
  • The growing magnitude of the problem will run up against political constraints

Both France and the Netherlands, which supported and helped pay for previous bailouts, now have financial problems of their own. And resistance is growing in Germany against taking on further liabilities. more> http://tinyurl.com/cdajo5u

German 2-Year Yield Drops Below Zero as Crisis Deepens

English: Headquearters of Bankia in Valencia

English: Headquearters of Bankia in Valencia
(Photo credit: Wikipedia)

By David Goodman and Keith Jenkins – The 10-year borrowing costs of Austria, Belgium, Finland, France, Germany and the Netherlands dropped to records as euro- area unemployment rose to a record and Italy missed its target at a sale of bonds, driving investors to the region’s safer government securities. Spanish bonds dropped for a fourth week, pushing the 10-year yield above 6.5 percent after nationalized lender Bankia group said it will seek 19 billion euros ($23.5 billion) of state support.

“We’ve seen German two-year yields turn negative in a classic flight to safety,” said Peter Chatwell, a fixed-income strategist at Credit Agricole Corporate & Investment Bank in London. more> http://tinyurl.com/7we254e

Rethinking the Distortions of Banking

The Robin Tax.

The Robin Tax.
(Photo credit: Wikipedia)

By Hugo Dixon – From the start, Britain opposed the tax (charge to financial transactions — popularly known as a Robin Hood tax), which means it had no chance of being adopted by the European Union as a whole. Now the Netherlands has come out against it, so it cannot even be applied across the euro zone. With the German finance minister, Wolfgang Schäuble, saying that the “smallest thinkable unit” for the tax is the euro zone, it is only a matter of time before the Robin Hood tax is buried.

There is no disguising the fact that it would be complicated to revamp the way that banks are taxed. But given the havoc they caused in the recent financial crisis, the fact that the sector is undertaxed and the way in which the current system distorts economic activity, it is well worth the effort. more> http://is.gd/bFQsfx

China No Match for Dutch Plants as Philips Shavers Come Home

By Maaike Noordhuis – Royal Philips Electronics NV (PHIA) workers in the Dutch town of Drachten who expected to be fired were astonished when the site manager said the company was bringing production of its top-priced electric shavers home from China.

The Netherlands in particular is a country of trade, it is how we earn our money,” said Maarten Leen, an economist at ING. Set up as gateway into Europe, with five major sea docks and the Schiphol airport near Amsterdam, the Dutch have managed to maintain a current-account surplus since 1981, Leen said. more> http://tinyurl.com/7cr83o3

France, Germany clash over ECB role to stem crisis

By Nicholas Vinocur and James Mackenzie – Facing rising borrowing costs as its AAA credit rating comes under threat, France appeared to plead for stronger ECB action, adding to mounting global pressure spelled out by President Barack Obama.

Bond market contagion is spreading across Europe. Italian 10-year bond yields have risen above 7 percent, unaffordable in the long term. Yields on bonds issued by France, the Netherlands and Austria — which along with Germany form the core of the euro zone — have also climbed. more> http://twurl.nl/2u0aur

Kroes attacks Dutch net-neutrality rules

By David Meyer – Europe’s digital agenda chief has criticized the Netherlands for legislating to protect net neutrality, saying it is too early for lawmakers to take sides on the issue.

“I regret very much that the Netherlands seems to be moving unilaterally on this issue. We must act on the basis of facts, not passion; acting quickly and without reflection can be counterproductive,” Neelie Kroes, herself a Dutch politician, said at a Brussels summit with network operators.

Kroes’s antipathy to the Dutch net-neutrality laws stands in contrast with what she herself said in January 2010, when she was about to become the EU’s digital agenda commissioner. more>