PIIGS countries and BRIC countries...Currency turmoil is evident in the world. We are currently facing a full blown EU crisis in the PIIGS countries (Portugal, Italy, Ireland, Greece and Spain). Unfortunately the currency market is not working properly and there have been several initiatives. But how will it look 40-years from now?
The concern is evident in Greece that more and more turns like a greek tragedy. Public debt was 130% of GDP and it is obvious that Greece had manipulated government statistics to get themselves out of trouble! The Greek Prime Minister Papandreou has this week tried to reassure the international concern through the frozen wages, higher taxes and deteriorating pension conditions. If I understand things right they will program will be 9% of GDP over 3 years. Read more
Submitted by timbercommunity on 2009, February 13 - 12:30am
According to a press release Stora Enso has signed an agreement to sell the buildings and most of the Summa Mill site in Finland to Google for approximately EUR 40 million. Stora expects the deal to close by the end of the first quarter 2009.
"We are currently considering building a data center at this site, and, as with any sort of construction project, there are a number of contingencies to be resolved and plans to be put in place," according to a Google statement.
So why are Google buying a Mill??? Read more
