Ukraine signaled it may hold off from paying Russia's billion-dollar gas invoice - part of an EU-brokered agreement to restart supplies frozen since June - in the hope mild weather can help it last out longer as it grapples with near-bankruptcy.

• November 13, 2014

The euro zone economy is at risk of slipping into a self-fulfilling loss of growth momentum, European Central Bank Executive Board member Benoit Coeure said on Sunday, underlining the ECB's readiness to act if needed.

• November 13, 2014

U.S. stock prices rose on Thursday, hovering near record highs, while crude fell below $80 a barrel for the first time in four years on further signs of a slowdown in China's economy.

• November 13, 2014

EGF has released a combined summary document, including analysis, pictures, and other information from both the Brussels and Berlin Stakeholder Consultation rounds. Please click here for the PDF publication.

• November 13, 2014

Insights into Turkish Domestic and International Politics
16 Sep. – 15 Nov. 2014
By John VanPool, EGF Turkey and Black Sea Regional Analyst

Key Points:

• The Syrian border town of Kobane becomes a symbolic battleground between the Islamic State (ISIS) and the American-backed Kurdish fighters of the YPG. Turkey sits out the fight, deeming both sides to be terrorists.
• Ankara, while insisting on increased American involvement in the form of regime change in Damascus, allows Kurdish Peshmerga from Iraq to cross into the besieged town.
• The ruling AKP’s attempts to curb free speech on the Internet draw the ire of domestic and international observers.
• Fitch remains reassured of Turkey’s stability for the time being, but a host of issues stemming from the country’s unstable neighbourhood threaten to undermine medium-term growth prospects.
• Turkey remains vulnerable to gas cuts due to the Ukraine-Russia conflict. However, Turkey’s work on diversifying energy imports continues. The Kurdish Regional Government of Iraq is set to increase oil exports to the Turkish port of Ceyhan before the New Year, while improved relations with Greece may give Turkey another foot in the European energy market.
• Despite setbacks in early October, the PKK peace process remains intact. The government must take another step in giving Turkey’s Kurds a reason to stay at the table, though the final decision on whether the peace holds may be left to imprisoned PKK leader Abdullah Ocalan.
• TANAP moves forward, but the inclusion of Turkmen gas may likely require the completion of a Trans-Caspian pipeline.
• Turkish-owned Genel signs an agreement to begin preparations for the production of two Kurdish Regional Government gas fields in Iraqi Kurdistan. The news comes as Baghdad and Erbil finally agree to revenue and budget sharing, after months of strife.
• President Erdogan offers bold pronouncements on the history of the Americas and Western duplicity in Syria at a conference of Latin American Islamic scholars.

• November 13, 2014

European Union foreign ministers are unlikely to step up sanctions against Russia next week over its involvement in destabilizing eastern Ukraine, EU diplomats said on Wednesday.

• November 12, 2014

A deal between China and the United States to combat global warming is "heartening" although it falls short of the action needed to avert the worst impacts, the head of the U.N. panel of climate scientists said on Wednesday.

• November 12, 2014

Ukraine said on Wednesday it was redeploying troops in the east because of fears that separatists will launch a new military offensive, despite Russia's denials it has sent troops to reinforce the rebels.

• November 12, 2014