The Croatian parliament has approved a law on adopting the euro on January 1, 2023. Lawmakers voted 117-13 in favor of replacing the kuna with the European single currency. Under the legislation, prices in Croatia will be displayed in both currencies from September this year, and used in parallel throughout next year. The government says the adoption of the euro should remove currency risk, reduce... 

A Norwegian “artist” who’s best known for spray-painting from his butt, throwing feces at audiences, and peeing on stage, has received an exceptional amount of money from Norway’s public coffers. Vegard Vinge, alongside his co-host Ida Muller, are said to have received NOK 37 million or 3.7 million euro from the Norwegian Cultural Council – a taxpayer-funded institution – over a span of... 

The European single currency project is doomed to failure, German financial analyst Marc Friedrich told Sputnik. While IMF boss Christine Lagarde is insisting on the Eurozone’s further economic integration, Brussels’ real objective is to tighten control over the EU member-states, which amounts to nothing short of a dictatorship, he opined. Nobody can save the euro, Marc Friedrich, an analyst... 

About 1.5 million refugees have arrived in Germany since 2015, prompting local authorities to allocate huge sums for migration-related issues. Speaking to Sputnik, Professor Bernd Raffelhuschen from the University of Freiburg specifically focused on the long-term costs of pensions and sickness insurance for migrants. Sputnik: Mr. Raffelhyushen, can you name the approximate state expenditures caused... 

Following a governing council meeting of the European Central Bank it was announced that quantitative easing will begin in the eurozone from next Monday. In a desperate move to stimulate the euro, the currency used by 19 EU countries, the ECB will print money to buy €60bn worth of bonds each month. The bank has raised its eurozone economic growth forecast for this year from 1% to 1.5% but ECB President,... 

Five million Brazilian farmers are locked in a lawsuit with US-based biotech giant Monsanto, suing for as much as 6.2 billion euros. They say that the genetic-engineering company has been collecting royalties on crops it unfairly claims as its own. The farmers claim that Monsanto unfairly collects exorbitant profits every year worldwide on royalties from “renewal” seed harvests. “Renewal”... 

Chancellor Angela Merkel was heckled in the German parliament yesterday as she urged MPs to back the country’s €22.4 billion bailout for Greece, insisting that the “future of Europe” rested on the success of the rescue package. Ms Merkel’s cabinet gave the go-ahead for a German contribution to the €110 billion joint European Union and International Monetary Fund bailout... 

Investors are abandoning the euro at a rate not seen since the collapse of Lehman Brothers Holdings Inc. as Europe’s worsening fiscal crisis threatens to splinter the 16-nation currency union. Pension funds and banks sold euros this month at the fastest pace since the second half of 2008, when the currency tumbled more than 25 percent against the dollar between mid-July and the end of October, according... 

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