How will Strauss-Kahn’s resignation affect Euro currency?

According to the BBC news, “the head of the International Monetary Fund, Dominique Strauss-Kahn, has been charged by New York police over an alleged sex attack on a hotel maid”. It seems that now his participation in the forthcoming presidential elections is doomed despite the fact that most of the French support (or at least used to support) Dominique Strauss-Kahn.

Yet the most terrible thing about the incident is unpredictable economic consequences. Most analysts are sure that his arrest is going to ruin the fragile stabilization process recently seen in the EU. For Greece, which desperately needs more extra financial aid, it may be a fatal blow.

Europe increases natural gas consumption

Not so long ago Gazprom held another meeting on natural gas supplies. Aleksey Miller, the head of Gazprom, said that the gas export had increased by 20% in April 2011 as compared to April 2010. It is May but the gas supplies to Europe are at the same level as in winter.

According to Miller, the pace of the gas supplies is growing. In Q1 2011 Gazprom exported to Europe 12% more gas than in Q1 2010 while in April 2011 the company provided 20% more gas than in April 2010. The current increase is 27,8%.

Obama calls for opening America for emigrants: what does this mean to investors?

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USA news. On May 10 American president made a really sensational claim. This has undergone immediate circulation in the world’s leading media.

 

Barack Obama, while delivering a speech in a near-border town El-Paso, Texas, announced to its citizens about his intention to seriously reconsider those points of national legislation that concern emigration.

 

Judging from the announced claim, the scope of the intended reform is unlikely to yield to the reforms in health sector, which are currently considered almost a “business card” of the first tenure of Obama‘s presidency. Nowadays, in anticipation of his election for the second term, US leader calls for more dramatic changes.