The agreement comes on the heels of a similar arrangement between Beijing and the EuropeanUnion, and less than a year after the expiration of a decades-old system of textile
brassieres, T-Shirts and other categories of clothing and textiles have amassed at European ports, prohibited from reaching retail outlets by customs officials. The limiting exports to the European marketplace struck in June between China and the EuropeanUnion, a mere six months after the highly distortionary global quota textile regime
reason - to acquire the hard currency lost when Cuba’s benefactor, the Soviet Union, collapsed. Moscow and the Eastern bloc provided subsidies, oil and medicines, that its marriage of convenience with the greenback is no longer necessary since European patronage helps fill the void. This is especially true in the lucrative comprise 75% of the islands 2m annual visitors. Havana’s relations with Europe improved markedly at the end of January when the EuropeanUnion formally
As a precondition to joining the European currency, member states had to abide by quantitative fiscal criteria, Stability and Growth Pact (SGP). According to Article 104 of the 1992 Treaty on EuropeanUnion (Maastricht Treaty) member states are obliged to hold annual budget deficits
What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.
Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.