The European Union
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While Europe has shale plans of its own, there is as yet no unified EU policy. The reserves will be far harder to extract than in the United States and the final cost to consumers is likely to be substantially higher so Europe will not be able to free itself of dependence on gas imports from Russia any time soon.
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I was just at an interesting lunch with Garry Kasparov, the man who became the youngest world chess champion in history in 1985 at the age of 22. He held the title as the world's top player for 20 years before retiring to pursue other chess and non-chess related interests.
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BRUSSELS, May 18- Critics ridiculed European Union bureaucrats on Saturday for taking time off fighting the euro zone's debt crisis to impose strict new rules on how restaurants serve olive oil. "If the European Union was logical and properly run, people wouldn't be so anti- Europe.
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Olli Rehn, the European Union's top economic policy maker and scourge of debt-fueled budget deficits, is fed up with austerity.
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LONDON, May 17- European Union officials will next week propose capping financial sector pay above 500,000 euros, accountancy firm PwC said on Friday, suggesting the world's most stringent curbs for the industry will affect far more bankers than previous rules.
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German ECB board member Joerg Asmussen warned on Friday that Europe's largest economy must carry out further reforms to continue to grow.
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"It is my responsibility as the leader of a founder member of the European Union... to pull Europe out of this torpor that has gripped it, and to reduce people's disenchantment with it," Hollande said, casting himself as something of a saviour. "If Europe stays in the state it is now, it could be the end of the project."
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Tougher European Union curbs on bonuses will snare far more bankers than current pay limits, with banks having little time to prepare for the change, consultancy PwC said on Friday.
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The process of matching jobless workers to vacancies is deteriorating in the euro zone, according to Goldman Sachs.
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CNBC's Ross Westgate reports on all the market moving events from Europe, as stocks shifted higher despite weak economic data from the U.S. yesterday.
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Bruce Kasman, Chief Economist & Managing Director of Global Research at JP Morgan says that the global environment is shifting in favor of risky assets with reduced tail risks after global central bank moves.
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*France pushing to exclude audio-visual sector. BRUSSELS, May 16- European Union trade chief Karel de Gucht urged EU members on Thursday not to exclude film and television from EU-U.S. free trade talks, saying that could prompt similar action from the Americans and undermine an eventual deal.
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BRUSSELS, May 16- China threatened on Thursday to retaliate if the European Union formally opens an investigation into alleged anti-competitive behaviour by Chinese mobile telecom equipment companies.
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Bernard Connolly, Connolly Insight CEO, explains why he believes the integration of Europe and the euro is a "disaster," with CNBC's Rick Santelli.
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CNBC's Simon Hobbs reports on all the market moving events in Europe today, as shares turned negative after downbeat economic data from the U.S.
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VADUZ, May 16- Liechtenstein is reluctantly prepared to discuss exchanging data on bank clients in response to a new European Union push for more transparency from the secretive principality and other tax havens, its prime minister said.
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BRUSSELS, May 16- China threatened on Thursday to retaliate if the European Union formally opens an investigation into alleged anti-competitive behaviour by Chinese mobile telecom equipment companies.
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First quarter gross domestic product data points towards a continued slowdown in Central and Eastern Europe unless the German economy improves, according to Lombard Street Research.
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Watchmakers Swatch Group and Richemont as well as elevator maker Schindler are among Swiss stocks that stand to gain significantly from a potential free trade agreement between Switzerland and China, analysts told CNBC.
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France's fall back into recession is likely to pile more pressure on the country's finance ministry, at a time when infighting has already led one senior politician to fuel rumors that Finance Minister Pierre Moscovici could be replaced.
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Christian Schulz, Senior Economist at Berenberg Bank thinks recession in the Euro Zone could end in Q3 2013. He says there is more appetite for risk and yield in the markets.