EUROPE | WHAT REALLY HAPPENED


EUROPE

Jan 31 15:54

Podemos Anti-Austerity Party on the Rise, Thousands Protest in Madrid

Following the victory of radical left-wing Syriza party in Greece, thousands of people gathered in Madrid in an anti-governmental rally organized by the Spanish anti-austerity left-wing party Podemos.

Jan 31 10:01

Greece Is Now a Russia Sanctions Veto. Merkel Is Foaming at the Mouth

Two days ago, Zero Hedge first, and shortly thereafter everyone else, pointed out something stunning: the biggest surprise to emerge so far out of the new anti-Troika/austerity Greek government was not so much its intention to proceed with the first test of "Odious Debt" - this was largely known in advance - but its dramatic pivot away from Germany and Europe, and toward Russia.

As we noted before, not only has Greece already blocked all ongoing privatization processes, a clear snub of Merkel and the Troika which demands the piecemeal blue light special sale of Greece to western buyers as part of the "bailout", but is also looking at plans to reinstate public sector employees and announce increased pensions for those on low incomes: further clear breaches of the Troika's austerity terms.

Jan 31 09:50

EU wins Greek backing to extend Russia sanctions, delays decision on new steps

European Union foreign ministers extended existing sanctions against Russia on Thursday, holding off on tighter economic measures for now but winning the support of the new left-leaning government of Greece, whose position had been in doubt.

Webmaster's Commentary: 

So, Greece compromised by going along with the current sanctions, but succeeded in blocking any new sanctions. This may have all happened while Greece was still hoping for concessions from the ECB, which did not happen. And with Russia now offering Greece a bailout on much better terms than the EU, it looks like the stage is set for Greece to leave the EU.

Jan 30 12:42

President of the Czech Republic against sanctions and visas with Russia

The President of the Czech Republic miloš Zeman opposes sanctions and any other isolation of Russia. He told this in an interview to ITAR-TASS.

“I don’t see any reason why you need to isolate the Russian Federation from the European Union, why talk about sanctions, blockade, embargo.. Isolation yet in neither case did not lead us to success, but led only to the fact that there was no understanding, no mutual trust. And it’s bad,” he said.

In addition, the head of the Czech Republic voted for the abolition of visas for Russian citizens, calling them “excessive, unnecessary obstacles”.

Jan 30 12:04

U.S. Army Trains For New War In Europe

More than 2,000 participants from Canada, Hungary, the Netherlands, the United Kingdom and the United States are participating in the exercise through Jan. 31.

Allied Spirit I is designed to provide multinational interoperability training at brigade and battalion levels to enhance U.S. and alliance effectiveness.

Perkins had the opportunity to elaborate on this idea and discuss the Army’s new operating concept in a question and answer session with the staff and observer coach trainers of the Joint Multinational Readiness Center, which is headquartered at Hohenfels.

Webmaster's Commentary: 

After two World Wars, you would think Europe would prefer the third one take place somewhere else!

Jan 30 11:52

As "Islamic state" funneling militants in Europe?

People under thirty years with a short beard states that "Islamic state" sends his soldiers to Europe as refugees, and said that already forwarded two groups. According to him, the militants are floating in small groups on cargo ships, crowded with thousands of refugees. The main goal of the jihadists - the organization of terrorist attacks in Western countries, which should be a response to the US-led coalition air strikes on militant positions. "If someone attacks me, - he says - I will give him back."

Even before the air campaign by Western governments feared that "Islamic state" will be able to find a way to smuggle experienced fighters in European countries. Smuggler, to communicate with BuzzFeed - the first members of the group, who agreed to discuss this topic with journalists. He talks about the details of the scheme, made possible by the worst humanitarian crisis of our day, forcing 3.8 million Syrians to flee the country, with 1.5 million of them - in Turkey.

Jan 30 10:57

Webster Tarpley: An examination of how Syriza won in Greece

In this interview, Dr. Webster Griffin Tarpley explains the demands and policy routes Syriza chose. He examines the need for mass-traction economic demands, principled alliances and a rejection of wedge issues; immigration etc.

Their victory has shocked the ruling class in the UK, and led to an incredibly disingenuous and dangerous propaganda campaign trying to frame Greece as a hub for terrorists.

Jan 30 10:49

The Country That Refuses to Bow Down to Western Bankers

The powers that be are getting nervous as other countries consider following Greece's lead.

Jan 30 09:52

International alliance of democratic forces opposing the Euro

The groups already involved at that time coming from France, Spain and Austria were again present. Only the Greek participants could not come for obvious reasons but pledged to continue their participation. (See the Assisi call with the detailed names of the groups involved. ) The Finnish Independence Party joined in.

Jan 30 09:08

Tsipras dons the feared keffiyeh at Gaza protest

No doubt another reason why Israelis fear Syriza so much. Tsipras has the nerve to wear the fearsome Palestinian scarf that strikes terror in the hearts of every Israeli. Can you imagine the uproar in Israel had he actually done something to help Palestinians?

Jan 30 08:22

Council Clamps Down: PACE votes to extend Russian Diplomatic Sanctions

Russia has been stripped of its voting rights in the Parliamentary Assembly of the Council of Europe (PACE) until at least April, following a vote on the country’s credentials in Strasbourg, effectively continuing the diplomatic sanctions that were already in place.

Jan 30 08:09

Bank of England chief 'delusional' to claim UK escaped debt trap - economist

Mark Carney’s claim that Britain has escaped a “debt trap” common to Eurozone states has been dismissed by UK economist Michael Burke as “delusional.” Burke says Britain's debt has merely been transferred from private firms to UK homeowners.

Webmaster's Commentary: 

When all the currency is loaned into circulation at interest, there is no escape possible from the debt trap. Britain should remember that the United States fought a revolution against Britain to break free of the Bank of England's predatory practices.

"The refusal of King George 3rd to allow the colonies to operate an honest money system, which freed the ordinary man from the clutches of the money manipulators, was probably the prime cause of the revolution." -- Benjamin Franklin

Jan 30 08:06

EU to Greece: ‘No question of cancelling debt’

"There is no question of cancelling the Greek debt. Other eurozone countries will not accept this," said Juncker Wednesday as quoted by Le Figaro. He added that Brussels is open to dialogue and didn’t want to threaten Greece.

The Greek government was forced to implement austerity measures in exchange for a €317 billion bailout from the troika of creditors of the ECB, IMF and the EU.

Webmaster's Commentary: 

Half of Greece's debt was created through fraud between former Greek President Papandreou and Goldman Sachs. The goal of the fraud was to conceal Greece's debt through currency swaps, but the plan actually doubled Greece's debt (and made a fortune for Goldman Sachs). The Troika would have been well advised to consider that portion of the debt odious and drop it. But their greed in demanding the Greek people pay for Papandreou's fraud has brought them to this place where their fear of debt-reduction demands from other EU members will not allow them to reduce Greece's debt, which in turn will drive Greece from the EU and default on their debt, triggering a collapse of the credit default swaps sold against Greece's debt.

Jan 29 09:32

Yanis Varoufakis – Who Called Austerity "Fiscal Waterboarding" – Appointed Greek Finance Minister

Greece's new economic chapter begins as unrepetent bailout critic takes helm ahead of promised bailout re-negotiations

Jan 29 08:19

Italian police arrest 160 alleged mafia members

Jan 29 08:17

Greece’s new prime minister wants Germany to pay for Nazi war crimes

Syriza has vowed to renegotiate the crippling debts saddled on the Greek economy by European lenders — a move that some fear could threaten the unity of the eurozone. Tsipras and his allies, meanwhile, see their ascension as a historic opportunity, as WorldViews discussed here.

But it's not just the future that's on Syriza's agenda. In what was virtually his first act as prime minister Monday, Tsipras journeyed to the memorial site at the Kaisariani rifle range, where in 1944 Nazi soldiers executed some 200 Greek activists in retaliation for the death of a German officer killed in a Greek ambush.

Webmaster's Commentary: 

The part the Washington Post isn't talking about is that Germany forced Greece to loan it billions which were never repaid. If, as the IMF claims, debt is sacrosanct, then with accumulated interest, Germany may owe Greece more than Greece owes the IMF!

Jan 28 10:24

Syriza comes out swinging over EU anti-Russia statement

The new Greek government has spoken out against the EU partners over the statement that lays the blame for Saturday’s fatal attack on the Ukrainian city of Mariupol on Russia. Hungary, Slovakia, and Austria voiced similar objections earlier.

The government, headed by Prime Minister Alexis Tripras, said in a press release on Tuesday that “the aforementioned statement was released without the prescribed procedure to obtain consent by the member states, and particularly without ensuring the consent of Greece.”

“In this context, it is underlined that Greece does not consent to this statement,” Tsipras added.

He voiced his “discontent” in a phone call to EU foreign relations chief Federica Mogherini.

Jan 28 09:55

NATO must close ranks around Ukraine - Nuland

You must install the six border command centers around Ukraine as soon as possible, "she said, adding that NATO should become' spearhead that will allow us to move quickly to areas of conflict '.

'NATO is a defense organization. Our goal is to discourage countries from any aggression, but if this goal fails, we must be ready, "said Nuland.

She pointed out that sanctions already imposed by the US and the EU did not seek to punish Moscow Russian people, but to persuade President Vladimir Putin to change policy.

Webmaster's Commentary: 

A short memo to Victoria Nuland: forgive me, but did I blink and miss the fact that Ukraine had actually become a NATO member?!?I do not believe that has yet actually happened; please forgive me if I am wrong (which I am most assuredly NOT).

And as reported at yahoonews.com two days ago:

NATO has made clear it has no plans to intervene militarily in Ukraine, which is not a NATO member, but it has stepped up cooperation with Kiev, including help with modernizing its armed forces. Diplomats said Ukraine was mainly looking for political support from NATO at the meeting rather than any concrete aid.

I am so terribly sorry, Ms. Nuland, that you did not get the memo.

But if I, as an ordinary American citizen, know this, why, please, is it that you do not?!?

Jan 28 09:11

Greece’s new dream team vows to defy foreign creditors

In a taste of what lies ahead, Yanis Varoufakis, the flamboyant new finance minister, said on his way to the government’s swearing-in ceremony that negotiations would not continue with the hated troika of officials representing foreign lenders.

“They have already begun but not with the troika,” said Varoufakis, an economist who has disseminated his anti-orthodox views through blogs and tweets almost daily since the debt crisis exploded in Athens in late 2009 – something he promised on Tuesday to continue to do. “The time to put up or shut up has, I have been told, arrived,” he wrote on his blog. “My plan is to defy such advice.”

Jan 27 13:18

This Is The Beginning Of The End For The Euro

The long-anticipated collapse of the euro is here. When European Central Bank president Mario Draghi unveiled an open-ended quantitative easing program worth at least 60 billion euros a month on Thursday, stocks soared but the euro plummeted like a rock. It hit an 11 year low of $1.13, and many analysts believe that it is going much, much lower than this. The speed at which the euro has been falling in recent months has been absolutely stunning. Less than a year ago it was hovering near $1.40. But since that time the crippling economic problems in southern Europe have gone from bad to worse, and no amount of money printing is going to avert the financial nightmare that is slowly unfolding right before our eyes.

Jan 27 12:29

Spain negotiates permanent US Marines Africa force

Spain’s foreign and defence ministers will negotiate the amendment, as requested by the United States last month, “with a view to hosting the deployment for an indefinite time”, she told a news conference.

Jan 27 12:27

EU to consider new sanctions against Russia on January 29

January 29, the EU Council to consider new restrictive measures against Russia. This is stated in the statement of the Heads of State and Government of the European Union on Tuesday in Brussels, according to TASS.

"Due to the deteriorating situation we ask the EU Council of Ministers of Foreign Affairs to assess the situation in Ukraine and consider any appropriate measures, in particular, further restrictive measures against Russia, aimed at the rapid and full implementation of the Minsk Agreement," - the document says.

Jan 27 11:25

Turkey deploys Spain's Patriot missiles in Adana - WHY?!?

"Patriot battery is here to ensure the security of Adana," Luis Burgos Sanchez, a Spanish commander, told reporters.

Sanchez said five missile launchers were now active. "We have a very effective system against any ballistic missile," he said.

Spain's provision of Patriot air defense missiles to Turkey will ensure its security and stability as a NATO ally, Spanish defense minister said on Jan. 16.

Jan 27 11:24

EU leaders warn of more sanctions against Russia

EU leaders call on the Ministers of Foreign Affairs to consider new sanctions against Russia.

European Union leaders asked their foreign ministers on Tuesday to consider possible new sanctions on Russia in response to a rebel offensive in eastern Ukraine, but a final decision to impose them is likely to be left to a summit next month.

Jan 27 11:15

Anti-Syriza Propaganda Begins: Greece Framed as ‘Emerging Hub for Terrorists’

Greece’s new anti-austerity and anti-Western Oligarchy ruling party, Syriza, is coming under attack from an all too familiar angle. Keep in mind that this accusation came on the very first day Syriza took office.

According to CNN, “there may be some 200 people in the country with links to jihadist groups such as the Islamic State in Iraq and Syria (ISIS) or the al Nusra Front“. Supposing this is true, should we not instead look to those who funded and created those groups; namely Western nations?

Webmaster's Commentary: 

"oooooh, we HAVE to invade them and put in a new government!" -- Official White Horse Souse

(You tried that a year ago with Ukraine and look how that turned out!)

Jan 27 11:11

The Greeks Have A Simple Message To Europe

Sunday's Greek vote for anti-austerity left-wing Syriza shows the people's eagerness to stop the current bailout scheme and renegotiate a deal that's more favorable for the Greek economy. In the next several days and weeks, we'll learn a lot more about the implication of the vote, and what new leader Alexis Tsipras is capable of accomplishing; but as Bloomberg Businessweek reports, perhaps this banner displayed produly at last night's victory rally says it all...

Webmaster's Commentary: 

The ECB is taking a hard line position with Greece's debt, as any concessions made to Greece will trigger demands for debt reduction from the other EU members. The EU's position is "pay or leave", and with Russia already putting out the welcome mat, Greece might leave the EU, which in turn will trigger other member nations to consider departing the union, which has worked very well for the owners of the ECB and very badly for the people.

Jan 27 09:32

Greek Election Could Cause World Economic Crisis - Michael Rivero - Jan. 26, 2015

Jan 26 13:12

Saxo Bank: The Syriza Victory Is A Disaster For Europe

The result was worse than expected whatever the final outcome - the anti-austerity vote is massive, but it could be an empty gesture as Greece in reality has little choice: Comply with the Troika or leave the EUR. I doubt the later will happen with the same vote as the Greeks are tired of austerity but not off being European.

Webmaster's Commentary: 

That sounds like wishful thinking to me.

Jan 26 11:39

Greek F16 fighter jet crashes at Albacete airbase in central Spain

Among the victims are two pilots, one of them a Greek national. At least 13 have been wounded, including French and Italian nationals.

Eight of those injured are in serious condition. Three are in resuscitation, two are in intensive care, and one more is being operated on. Three others have inhaled fumes, sources at Albacete hospital told Cadena SER radio network.

According to abc.es, a Greek pilot executed a wrong maneuver during takeoff resulting in the jet ditching, an explosion and a massive fire. Two French planes overhead during the incident had to land at San Javier base in Murcia, 140 kilometers away.

Jan 26 11:23

What’s good for Greece is bad for Israel

While most of the world (at least the 99 percenters) are congratulating Greeks at the dawn of their new age of dignity, the Jerusalem Post warns that victory for Syriza is bad news for Israel. Upon reading the article, I could see why they’re concerned:

Jan 26 10:06

Greece elections: Merkel has lost, hope has won

In the aftermath of Greece’s seismic election, I assumed the eurocrat elite would follow the diktat, “if you have nothing nice to say, say nothing at all.” So, I cranked up the Twitter machine and within 5 seconds, I encountered this ‘gem’ from our old friend Carl Bildt. Bildt was the the Swedish Foreign Minster – and one of America’s favourite European poodles – until his own electorate voted him out last year.

Bildt’s Tweet is important because it reveals a mindset among the elite. They extol the benefits of democracy for others, while pouring scorn on the results, if they fail to suit their own agendas. An example was when they forced Ireland to vote again (twice) after initial rejections of EU treaties. Or when they speak of bringing free elections to the Middle East while refusing to deal with Palestine’s elected government, or even recognise the state’s existence.

Jan 26 10:04

Historic Victory for SYRIZA Greece

The leader of the left-wing SYRIZA Party, Alexis Tsipras, claimed a jubilant victory in Athens, Greece, on Sunday. SYRIZA took 36.5 percent of the electorate compared with the 27.7 percent for Antonis Samaras of the New Democracy Party. This is according to official election data. The far-right Golden Dawn placed third at at 6.3 percent, followed by To Potami garnering 5.9 percent of the vote party. To Potami Party is considered a potential ally of SYRIZA.

Whether it is a clear majority is yet unclear at the time of the interview. But one thing is clear: the Greek people have won a battle of reversing austerity economic policies championed by the New Democracy conservative party.

Jan 26 10:03

Triangle of Sin: Greece’s new Fin Min aims to destroy Greek Oligarchy

Listening to this man speak is like taking a breathe of fresh air after years of suffocating in a cesspool of lies.

It’s clear that he knows exactly what needs to be done as he points to the troika of rent seeking developers, bankrupt bankers, and media moguls who together are strangling his nation.

The question is, will he succeed, which turns in part on whether he survives. I for one hope he does. He is not only a genius, but a man with morals, extremely rare among finance ministers.

Jan 26 09:53

Greek leftist party Syriza sweeps to power

Greek voters handed power to a radical leftist party in national elections on Sunday, a popular rebellion against the bitter economic medicine Greece has swallowed for five years and a rebuke of the fellow European countries that prescribed it.

With nearly all votes counted, opposition party Syriza was on track to win about half the seats in Parliament. In the wee hours of the morning, it clinched a coalition deal with a small right-wing party also opposed to Europe’s economic policy to give the two a clear majority.

Webmaster's Commentary: 

Ooooooh, Radical, Radical, RADICAL! How dare they oppose the private central bankers!!!!!! :)

Jan 26 09:39

‘Monstrous democratic slap to EU’: Le Pen hails Greek anti-austerity party victory

The victory of Greece’s anti-austerity Syriza party is a monstrous democratic slap to the European Union, believes Marine Le Pen, leader of France’s far-right National Front party, adding that for her this success means "the trial of the euro-austerity.”

Jan 26 09:38

‘5yrs of humiliation, suffering over’: Anti-austerity party to form govt in Greece

Greece leaves behind five years of humiliation and suffering, fear and authoritarianism, said the leader of the winning Syriza party, Alexis Tsipras. He’s moving on Monday to build a stable government and plans to get rid of Athens’ three main creditors.

Tsipras was addressing thousands of cheering supporters at a rally in Athens. Syriza won 149 seats in the 300-seat parliament election.

Tsipras was sworn in as next Greek PM later on Monday. By Wednesday he will have a government in place, a Syriza official told Reuters.

Webmaster's Commentary: 

Needless to say, this is not getting a huge amount of coverage here in the US! The idea that a people can vote themselves free of the private central bankers is not an idea that Wall Street wants the American serf class to think about!

Jan 26 08:54

Radical Leftists Win Election In Greece – Future Of Eurozone In Serious Jeopardy

Radical leftists have been catapulted to power in Greece, and that means that the European financial crisis has just entered a dangerous new phase. Syriza, which is actually an acronym for “Coalition of the Radical Left” in Greek, has 36 percent of the total vote with approximately 80 percent of the polling stations reporting. The current governing party, New Democracy, only has 28 percent of the vote. Syriza leader Alexis Tsipras is promising to roll back a whole host of austerity measures that were imposed on Greece by the EU, and his primary campaign slogan was “hope is on the way”. Hmmm – that sounds a bit familiar.

Webmaster's Commentary: 

This is the start of a flood of what will be attacks by corporate media on Greece for DARING to want to run their country for their own people. The new definition of "Radical" is anyone not willing to live their lives in servitude to the private central banks, and I predict that the private central banks of the world will engage in massive economic dirty tricks to crush this upstart government that values people above bankers' profits!

Jan 25 11:35

Greek election: Syriza says 'hope has won' – live updates

With 100% of data processed: MRB exit poll for Star TV, give Syriza 10-point win, seat projection 148-154

Jan 25 10:04

Greeks elect new parliament amid EU withdrawal concerns

Greeks are going to polling stations on Sunday to elect a new parliament. The populist radical-leftist party Syriza has won the hearts of many austerity-ridden people with its message of reverting wages cuts and renegotiating debt obligations.

Prime Minister Antonis Samaras was forced to call a snap vote in December after the parliament failed to elect a president. His center-right New Democracy party is now running behind Syriza, with opinion polls showing a gap of several percentage points.

Syriza leader Alexis Tsipras urged his voters to give his party an outright victory of 40 percent, which would allow him to form a government with no help from other parties.

Webmaster's Commentary: 

That is because the last time Greece held elections, Syriza won, but the pro-banker politicians refused to form a coalition government, forcing a second election that Syriza lost by a razor thin margin amid reports of wide-scale election fraud.

Jan 25 09:37

Ekloges 2015: Greece Votes In Historic For Europe Election

What is at stake for Greece today? Largely the same things as in 2012, which means an appropriate question is what is at stake for Europe. The answer: a lot, because suddenly the fate of the European monetary union is in the hands of some 9.8 million eligible to vote Greeks: something the unelected bureaucrats in Brussels had hoped to avoid in perpetuity. And with the leading candidate on war footing with Brussels (if only for the time being) the next few days in Europe will be quite interesting: "In Greece, democracy will return," the party's 40-year-old leader Alexis Tsipras told a throng of cameras as he voted in Athens. "The message is that our common future in Europe is not the future of austerity."

Jan 25 09:36

Euro crisis looms as Greek Left lead poll: Fears victory for anti-austerity party could trigger panic - and force country into bankruptcy

The euro stands on the brink of its biggest ever crisis today as Greeks vote in their general election – with the anti-austerity party Syriza maintaining a four-point lead in the polls.

With the euro at its lowest value against sterling in seven years, a Syriza victory could trigger panic in the EU and the eurozone – risking bankruptcy for Greece and its exit from the euro.

Jan 24 10:24

Greek Right Fears First Left Government in Greek History

Dimitri Lascaris reports from Greece that a near six point lead for SYRIZA is raising memories of the fascist coup and civil war

Jan 23 11:35

Now Begins The Greatest Heist Since Bernanke Bailed Out Wall Street In September 2008

Well, he finally launched “whatever it takes” and that marks an inflection point. Mario Draghi has just proved that the servile apparatchiks who run the world’s major central banks will stop at nothing to appease the truculent gamblers they have unleashed in the casino. And that means there will eventually be a monumental crash landing because the bubble beneficiaries are now commanding the bubble makers.

Jan 23 11:15

Greece Set To Reject Austerity And Financial Oligarchy

In two days time Greece is due to go to the polls and Syriza, a party looking to say no to ridiculous and unmanageable debts, is set to take power. This has the potential to cause a huge shift in economic policy throughout the world as it identifies austerity as a failed policy route. But not everyone in the Euro thinks it is a bad idea for the Greeks to do this, Hollande had no issue here but subsequently had his nation fall victim to a terrorist attack. This has the potential to cause huge changes in a world currently dominanted by Anglo-American financial hegemony.

Jan 23 11:13

SYRIZA Heads Towards a Majority in Greece as Elections Approach

The coalition of the radical left SYRIZA Party is poised to win the parliamentary elections on January 25 in Greece. If SYRIZA win, they could form the next government and confront the catastrophic austerity agenda that has plagued Greece and thrown it into a severe economic crisis. The possibility of SYRIZA-led government is sending chills down the spines of the European power centers in Berlin and in Paris and at the European Union headquarters in Brussels.

Jan 22 19:07

Currency expert: Euro going ‘well below parity’

The euro plunged to an 11-year low on Thursday, after the European Central Bank announced that it would begin a 60-euro monthly asset purchasing program. But it could still have a ways to fall.

Jan 22 13:31

SocGen Explains That Since The ECB's QE Will Fail, It Will Need To Be Increased To €3 Trillion, Include Stocks

There are a bunch of things in the ECB post-mortem note just released by SocGen's Michel Martinez, reproduced below, but here are the punchlines.

First, on the impact of ECB QE on the economy: "we argue ECB QE could be five times less efficient than in the US. In December, press reports suggested that the ECB had run studies suggesting that a €1000bn QE programme would only boost price levels by 0.2-0.8 after two years, five to nine times less efficient than the studies for the US or the UK. The impact on GDP is not provided, but it would be reasonable to assume the same impact as on inflation on a cumulated basis."

In other words, it will be an outright failure as it "triest" to boost inflation expectations and the European economy in its current format. That, as a reminder, is its stated purpose.

So what does SocGen suggest? Simple: the same thing every Keynesian says when justifying why a piece of occult economic voodoo fails to work: it wasn't big enough. To wit:

Jan 22 12:37

Ukraine requests fresh IMF bailout

Ukrainian President Petro Poroshenko has asked the IMF for a new and broader rescue package, IMF head Christine Lagarde said on Wednesday (Jan 21) as the war-torn country fights to save its reeling economy.

Lagarde met Poroshenko on the sidelines of the World Economic Forum in Davos and said Ukraine requested that the Washington-based IMF deepen its relationship with Kiev.

The meeting took place soon after Poroshenko told an audience of the world's financial elite in Davos that 9,000 Russian troops were backing Ukrainian separatist fighters.

Jan 22 12:35

European Commission's Clever Ruse To Introduce Corporate Sovereignty Regardless Of Ratification Votes In EU

Because of the complicated nature of power-sharing in the European Union, some international agreements require the approval of both the European Parliament and of every Member State -- so-called "mixed agreements." It is generally accepted that both the Canada-EU trade agreement (CETA) and TAFTA/TTIP are mixed agreements, and will therefore require a double ratification: by the full European Parliament, and all the EU governments. Indeed, the European Commission has frequently cited this fact to bolster its assertion that both CETA and TAFTA/TTIP are being negotiated democratically, since the European public -- through their representatives -- will have their say in these final votes.

Jan 22 12:34

European Commission's Clever Ruse To Introduce Corporate Sovereignty Regardless Of Ratification Votes In EU

Because of the complicated nature of power-sharing in the European Union, some international agreements require the approval of both the European Parliament and of every Member State -- so-called "mixed agreements." It is generally accepted that both the Canada-EU trade agreement (CETA) and TAFTA/TTIP are mixed agreements, and will therefore require a double ratification: by the full European Parliament, and all the EU governments. Indeed, the European Commission has frequently cited this fact to bolster its assertion that both CETA and TAFTA/TTIP are being negotiated democratically, since the European public -- through their representatives -- will have their say in these final votes.

Jan 22 12:31

Greek Bank Withdrawals Reached €4.2 Billion in 3 Days

Webmaster's Commentary: 

Yep; It's a bank run!

Jan 22 10:31

Greece - By The Numbers

Greece is reeling from the effects of the biggest economic crisis in its recent history. Here are 12 statistics, via The Wall Street Journal, underscoring the severity of the crisis now reaching into all aspects of Greek life...

Jan 22 10:01

SNB official defends 'best option' for franc

Switzerland would have had to spend more than $100 billion this month alone if it had continued efforts to hold down the value of its currency, a senior central bank official said on Thursday.

Jan 22 09:55

Greece Elections – Why The Entire World Is Watching!

This Sunday the citizens of Greece will be voting in a national election that will serve as a referendum on the EU-invoked austerity program that the country has been living through!

At stake is the decision that a newly elected government might make to pull Greece out of the Eurozone in what has widely become termed Grexit.

At stake also is the impact that a win by an anti-austerity and anti-EU party might have on the politics of other Eurozone countries that face similar issues and, perhaps, on the viability of the Eurozone itself.

Jan 21 13:47

Former White Official Exposes Shocking Real Reason For Historic 58-Sigma Move By Swiss

What actually happened was the Swiss National Bank realized that the balance sheet of the central bank’s ratio to the Swiss GDP had already reached a level of nearly 100 percent. And given what’s going on in the world — we’ve got inflation of 23 percent in Argentina, it’s projected to be 17 percent in Russia — inflation is picking up rapidly in many parts of the world and social unrest is unfolding. All of that gives Switzerland inbound capital flight from other countries.

They concluded that the combination of euro quantitative easing, plus the inbound capital flight and the likelihood of more geopolitical confrontation with Russia, which also pushes money into Switzerland — all of that put them on a trajectory so that if they would have continued to defend the currency peg, the Swiss National Bank's balance sheet would have been over a staggering 200 percent of GDP within one year.

Jan 21 13:32

Right on cue: ECB to flood the market with cash

A proposal from the European Central Bank’s Frankfurt-based executive board calls for bond purchases of roughly €50 billion ($58 billion) a month that would last for a minimum of one year, according to people familiar with the matter, an indication that officials are weighing massive stimulus to shore up the eurozone’s fragile economy and boost inflation.

Webmaster's Commentary: 

So the ECB (like the FED) creates a ton of cash out of think air to buy up government and corporate bonds, which means eventually the ECB (like the FED) basically own the governments and corporations ... and all for the cost of ink and paper.

Jan 21 08:07

Why Are Central Bankers Surprised by Monetary Disasters?

Again we see the adoption of a dialectical position. The mainstream media has been in full cry over the necessity for money printing and central bank bond purchases.

Now, comes a BIS former official – apparently someone with considerable clout – who says exactly the opposite thing. William White has come onto the record warning against what the European Central Bank plans to do as soon as possible.

Jan 20 10:32

First It Refused To Bail Out Its Insolvent Banks; Now Iceland Set To Officially Withdraw European Union Application

Iceland may be a small country, but when it comes to dealing with big problems it is truly the modern equivalent of David in the battle against the status quo Goliath. First, it was Iceland, and only Iceland, refusing to bail out its banks, when every other western nation was being held hostage by those who stood to lose the most from a financial collapse, and even going so far as throwing some of its banking executives in prison. And now, as MBL reports, Iceland's con­ser­v­a­tive In­de­pen­dence Party will sup­port a res­o­lu­tion in par­lia­ment to for­mally with­draw Ice­land's ap­pli­ca­tion to join the Eu­ro­pean Union.

Jan 20 09:52

European Parliament resolution of 15 January 2015 on the situation in Ukraine

A. whereas on 26 October 2014 Ukraine held parliamentary elections, which were conducted efficiently, in an orderly and peaceful manner and with general respect for fundamental freedoms, in spite of the ongoing conflict in the eastern regions and the illegal annexation of Crimea by Russia;

Webmaster's Commentary: 

European Parliament Legitimizes Lies

Jan 19 11:01

Would forgiving Greece’s debt really be that bad?

"A debt is a debt and it is a contract," IMF Managing Director Christine Lagarde told The Irish Times in an interview on Monday when asked about the general idea of holding a debt conference. "Defaulting, restructuring, changing the terms has consequences on the signature and the confidence in the signature," she said.

Webmaster's Commentary: 

The instant Greece's debt is forgiven, every other EU member will demand the same. That is the reason for Christine Legarde's hard line.

Jan 19 09:53

Switzerland May Be Preparing for the End of the Euro

If you haven’t been paying attention in the last 24 hours, the currency and equity markets have been rocked by a surprise move to delink the existing currency peg between the Euro and the Swiss Franc. This move has set off what many are calling a “financial tsunami” that could leave behind a path of destruction across the continent.

Webmaster's Commentary: 

This is a "Bash the Swiss" article, but the reality is that with the ECB about to launch QE across Europe, the Swiss saw the losses from the resulting inflation as too great to accept.

Jan 19 08:05

Netanyahu says Europe's 'Islamization' pushing Israel to expand Asia trade

Israeli Prime Minister Benjamin Netanyahu said on Sunday that a wave of anti-Semitism and what he called “Islamization” in Western Europe are factors in the government’s push to expand trade with Asia.

Jan 19 07:59

ECB Stimulation: The Trap Closes

European Economy ... No More Excuses for Draghi ... For months, European Central Bank President Mario Draghi has hinted that he's ready to announce a full-blown program of quantitative easing. [Now] the EU Court of Justice's advocate general cleared away a possible legal obstacle.

Webmaster's Commentary: 

... which triggered the Swiss unpegging.

Beyond that, there is a simple process at work here. In a world using a debt-based currency issued by private central banks, the process of QE is how those bankers, using just ink and paper and numbers in a computer, come to own all the hard assets of planet earth.

Jan 18 22:14

Hedge Fund Manager Who Survived Five Debt Crises Wiped Out Overnight on Swiss Franc

Marko Dimitrijevic, the hedge fund manager who survived at least five emerging market debt crises, is closing his largest hedge fund after losing virtually all its money this week when the Swiss National Bank unexpectedly let the franc trade freely against the euro, according to a person familiar with the firm.

Jan 18 09:32

Berlin in constant fear ECB will be lender of last resort

The European Central Bank faces another moment of truth as its governors debate whether to buy up the sovereign bonds of euro zone countries to avert a deflationary spiral. At issue still is the attitude of the German faction in the bank, which is resolutely opposed to such moves. But what explains this stance?

The stock response is that German hypersensitivity over the use of central bank printing presses can be traced right back to the country’s painful encounter with hyperinflation in the 1920s, when the Weimar Republic printed more and more banknotes to finance expenditure.

Jan 18 09:21

The Rothschilds Own Charlie Hebdo? Editors Girlfriend Works For The Rothschilds.

Jan 18 08:52

Everest Macro Hedge Fund Blows Up After Nearly $1 BIllion In Swiss Franc Losses

We also added that "We have yet to find out just which hedge funds were blown up yesterday", for the simple reason that unlike public banks who have an obligation to reveal news, especially bad, to their shareholders, hedge funds PMs hope to avoid the LP firing squad until the last second. Alas, there is only so long that the day of reckoning can be delayed.

One such fund is the Everest Capital Global macro fund, which went from just shy of a billion to zero in milliseconds as a result of a near wipe out due to a massive CHF-short position.

Jan 18 08:39

Greek Bank Runs Herald Exit From Eurozone

A fiat currency is only worth what people think it is worth. That goes for a country’s banking system as well. In Greece, where the Eurozone crisis started almost five years ago, it seems the Greek people do not have much faith in their banking institutions.

The bank runs have started. Who knows where this current round of Greek tragedy will end? I can say it will not end well.

Jan 17 10:42

Muscular Swiss franc creates financial havoc in Poland and Hungary

The fallout from the decision taken by the Swiss National Bank to remove the cap on its currency is a dream for some and a nightmare for others.

In Geneva queues formed outside foreign-exchange offices as those with Swiss francs hastily changed them into euros while the going was good.

One such man expressed his delight: “For me it is excellent news, for everything, for holidays, for shopping. I do a lot of shopping in France it is cheaper than in Switzerland and now its even cheaper we must seize the moment.”

Not much chance for cheer in Poland where more than 1.5 million are exposed to higher interest repayments on Swiss loans.

Jan 16 12:35

Currency Carnage: Why did the Swiss Pull the Peg?

As usual. Dr. Paul Craig Roberts, former assistant secretary of the US treasury, provides crucial (and scathing) analysis of both US government policies and recent events in FOREX markets. He offers this simple explanation for why the Swiss central bank removed the currency peg they initiated on their franc only three years ago, leaving behind a landscape littered with currency carnage:

The answer is that the EU attorney general ruled that it was permissible for the EU central bank to initiate Quantitative Easing–that is, the printing of new euros–in order to bail out the mistakes of the private bankers. This decision means that Switzerland expects to be confronted with massive flight from the euro and that the Swiss central bank is unwilling to print enough new Swiss francs to maintain the peg. The Swiss central bank believes that it would have to run the printing press so hard that the basis of the Swiss money supply would explode, far exceeding the GDP of Switzerland.

Jan 16 08:48

Fallout From Swiss Move Hits Banks, Brokers

Fallout from Switzerland’s wildly swinging currency ricocheted around the world, hitting global banks with tens of millions of dollars in losses and triggering the collapse of some brokerage firms.

Webmaster's Commentary: 

Everyone is blaming the Swiss, but the fact is the entire global private central bank scam has been held together with fraud and deception for years now, and it has to break at some point. Inevitably, there must be an event that escapes the ability of the banks and governments to control. If it isn't Switzerland, it will be something else.

Jan 16 07:39

These investments could get creamed in the Swiss avalanche

Now brace for everything you ever could have wanted to know about the country’s impact on global markets, but were afraid to ask. The whiz kids have had a few sleepless hours to think yesterday’s bombshell over, and some are worried about the after shocks.

Jan 16 07:33

Swiss National Bank Tells the World – “We’re Gettin’ Off This Train!”

Since 2008 the entire financial world has been turned upside down. In late 2011 the Swiss decided to peg their currency to the Euro, in essences giving up their national currency for the debt soaked Euro experiment.

When the Swiss pegged the Franc to the Euro, the Swiss people sold their sovereignty to the European Union. Approximately 22% of the people wanted their sovereignty back and voted on November 30, 2014 to repatriate their gold and reclaim their nation. Unfortunately, the other 78% (less the people that did not vote) said they were perfectly happy being debt slaves to their overlords at the European Central Bank. Thomas Jordan, the President of SNB, was actually campaigning AGAINST the gold repatriation movement, which in light of today’s announcement seems to be a contrarian move!! Why would a person vote against reclaiming their gold and then do a complete 180 degree turn against your own policy!!! This seems like it is going to have an ugly ending.

Jan 15 21:05

Moscow... Or Geneva?

A month ago, when the Russian Ruble was crashing, developed nations were delighted to poke fun of Russians who lined up in front of currency exchange kiosks, supposedly to convert their rapidly devaluing Rubles into Dollars or other rising fiat.

Today, those same developed nation hecklers are deathly silent after what may be the biggest western central bank faux pas in recent history, and which in addition to sending the Swiss Franc soaring has - perhaps for the first time in history - manifested in lines of people in front of currency exchange bureaus nowhere else, but in that bastion of capitalism: Geneva.

Jan 15 21:00

The Greek Bank Runs Have Begun: Two Greek Banks Request Emergency Liquidity Assistance

The first time the phrase Emergency Liquidity Assistance, or ELA, was used in the context of Greece was in August 2011, when Greece was imploding, when its banking sector was on the verge of collapse, and just before the ECB had to unleash a global coordinate bailout with other central banks including global central bank liquidity swap to preserve the Eurozone.

Jan 15 11:17

Déjà vu in France

I’m getting a big déjà vu feeling in the aftermath of the Charlie Hebdo killings in France.

The French government is declaring war on terrorism. It’s militarizing French society. It’s proposing a Patriot Act. It’s supporting a mass surveillance scheme. It’s advocating killing more people in the Middle East. There is even talk of using military tribunals to try terrorism cases.

Hey, those were all things that U.S. officials did after the 9/11 attacks. No wonder I’m getting a déjà vu feeling!

I’ll bet the German people are getting a bit of déjà vu too. That’s because their former president, Adolf Hitler, took the same sort of measures after the terrorist attack on the Reichstag. That’s what the Enabling Act was all about.

Jan 15 10:00

Swiss mess could make oil plunge seem like minor hiccup

While you were sleeping, all hell broke loose in Switzerland, as the central bank ditched its currency cap against the euro after four years and slashed interest rates to negative 0.75%. The Swiss franc is rallying wildly, while the Swiss stock market is cratering and U.S. stock futures are mostly on the losing side as investors figure out this latest shock to the markets

Jan 15 07:18

Russia Cuts Off Ukraine Gas Supply To 6 European Countries

Vladimir Putin ordered the Russian state energy giant Gazprom to cut supplies to and through Ukraine amid accusations, according to The Daily Mail, that its neighbor has been siphoning off and stealing Russian gas. Due to these "transit risks for European consumers in the territory of Ukraine," Gazprom cut gas exports to Europe by 60%, plunging the continent into an energy crisis "within hours." Perhaps explaining the explosion higher in NatGas prices (and oil) today, gas companies in Ukraine confirmed that Russia had cut off supply; and six countries reported a complete shut-off of Russian gas. The EU raged that the sudden cut-off to some of its member countries was "completely unacceptable," but Gazprom CEO Alexey Miller later added that Russia plans to shift all its natural gas flows crossing Ukraine to a route via Turkey; and Russian Energy Minister Alexander Novak stated unequivocally, "the decision has been made."

Jan 14 19:52

PATHETIC SPIN - Russia Is Losing Control Over The European Gas Market

Oil isn't Russia's only problem.

The energy exporter is losing its dominance over the European gas market.

Webmaster's Commentary: 

Russia isn't losing anything. They shut off the valves today for non-payment of the bill!

Jan 14 16:32

Europe plunged into energy crisis as Russia cuts off gas supply via Ukraine

The European Union in Brussels called the sudden cut-off to some of its member countries 'completely unacceptable'.

Jan 14 15:16

Gazprom warns EU to link to Turkey pipeline or lose Russian gas

Russia's Gazprom giant on Wednesday urged the European Union to link up to its planned energy pipeline to Turkey or lose the gas that now transits Ukraine.

Jan 14 15:12

Europe plunged into energy crisis as Russia cuts off gas supply via Ukraine

Russia cut gas exports to Europe by 60 per cent today, plunging the continent into an energy crisis 'within hours' as a dispute with Ukraine escalated.

This morning, gas companies in Ukraine said that Russia had completely cut off their supply.

Six countries reported a complete shut-off of Russian gas shipped via Ukraine today, in a sharp escalation of a struggle over energy that threatens Europe as winter sets in.

Bulgaria, Greece, Macedonia, Romania, Croatia and Turkey all reported a halt in gas shipments from Russia through Ukraine.

Croatia said it was temporarily reducing supplies to industrial customers while Bulgaria said it had enough gas for only 'for a few days' and was in a 'crisis situation'.

Jan 14 13:20

Russia President Not Welcome at Auschwitz Liberation Anniversary

The standard practice for an event such as this would be for the host country to send out formal invitations.

However, specifically to avoid having to send a formal invitation to Russia president Poland did not send out invitations to anyone.

Instead she sent out mere notifications that event is going to take place.

After asking for a clarification whether it is invited or not Russia correctly concluded it is not welcome by the host country.

Webmaster's Commentary: 

I rather suspect that Putin is perfectly happy not to have to sit through this nonsense one more time.

Jan 13 11:05

Italy’s President Napolitano Set to Resign in Renzi Dilemma

Giorgio Napolitano, Italy’s longest-serving president, is set to resign as soon as tomorrow, after citing fatigue and his advanced age among the reasons that convinced him to step down before the end of his second seven-year term.

Matteo Renzi, the 40-year-old local politician picked by Napolitano to become prime minister, said today the president would resign “within hours.” Corriere della Sera newspaper said Napolitano would take the official step mid-morning tomorrow.

Jan 12 08:59

EU response to free speech killings? More internet censorship

In the wake of this week’s terrorist attacks in Paris, which began with the killing of 12 people at the offices of satirical publication Charlie Hebdo, the interior ministers of 12 EU countries have called for a limited increase in internet censorship.

The interior ministers of France, Germany, Latvia, Austria, Belgium, Denmark, Spain, Italy, the Netherlands, Poland, Sweden and the U.K. said in a statement (PDF) that, while the internet must remain “in scrupulous observance of fundamental freedoms, a forum for free expression, in full respect of the law,” ISPs need to help “create the conditions of a swift reporting of material that aims to incite hatred and terror and the condition of its removing, where appropriate/possible.”

Jan 11 09:49

US to boost European contingent with 3,000 troops, 150 tanks in 2015 – report

The US plans to send 3,000 more troops and over 150 tanks to Europe by the end of ear to bolster its presence on the region, a top commander announced.

Jan 11 09:45

NATO expansion in E. Europe ‘destroys EU security order’ – Gorbachev

The expansion of NATO into Eastern Europe has destroyed the European security order, former Soviet President Mikhail Gorbachev told Der Spiegel, adding that the Ukraine crisis could easily lead to nuclear war.

Jan 09 15:17

Top Russian, American and Polish Leaders Warn that Continued Fighting In Ukraine Could Lead to Nuclear War

Former Soviet leader and Nobel price winner Mikhail Gorbachev warned today that the battle in Ukraine could result in a nuclear war.

Webmaster's Commentary: 

"That's okay; we got plenty of bombs! And I have a bunker!" -- Official White Horse Souse

Jan 09 11:24

Russia and China: The Dawning of a New Monetary System?

China, leading member of the BRICS, is lining up the bloc of the BRICS and that of the SCO – and their currencies – to support Russia in need. Currency swaps between Russia (ruble) and China (yuan) for an initial US$ 25 billion equivalent have already been implemented, to allow direct transactions between the two countries. Similar swaps are under way between China and Russia with other countries, primarily the BRICS and the SCO (Shanghai Cooperation Organization) members – including the soon to become new members – Iran, Pakistan, India (also a BRICS member) and Mongolia – and possibly in some not too distant future also strategically located NATO member Turkey.

Jan 09 09:52

Euro sinks to fresh nine-year low

The euro has hit a fresh nine-year low against the dollar, in part after a surprise decrease in German manufacturing.

Jan 09 08:04

How Goldman Sachs May Provoke Yet Another Major Financial Crisis

Greece and the troika (the International Monetary Fund, the EU, and the European Central Bank) are in a dangerous game of chicken. The Greeks have been threatened with a “Cyprus-Style prolonged bank holiday”if they “vote wrong.” But they have been bullied for too long and are saying “no more.”

Jan 09 07:50

Pentagon cutting expenses, consolidating bases in Europe

The United States Department of Defense has announced a restructuring of operations in Europe, including the closure of 15 American bases that will be offered over to host nations.

Jan 09 07:49

"Europe Can't Afford A Greek Exit" German Opposition Warns Merkel Is "Playing With Fire"

The mainstream media narrative - that Germany is ready and prepared for Grexit and that it is no longer a threat to financial stability - is all hype, according to German opposition finance minister Joachim Poss. As Bloomberg reports, all that is mostly posturing for an electorate tired of the aid and angst Greece has demanded since 2010. Simply put, the potential for Euro instability from a Grexit is a detriment to Germany's massive benefits from the single currency - "Europe can’t afford a Greek exit," Poss concludes, complacency by Merkel is "playing with fire."

Jan 09 07:46

NATO calls Russia anti-terror ally after Paris attack

NATO, which was at loggerheads with Russia over the Ukrainian crisis, will be seeking ‘a more cooperative and constructive relationship’ with Moscow in the fight against terror, the block’s chief said after Wednesday’s deadly attack in Paris.

Webmaster's Commentary: 

"No, wait ... that wasn't supposed to happen! You're supposed to hate the 'terrorists' AND Russia!!" -- Official White Horse Souse

Jan 09 07:25

‘I can fix EU problem’: Cameron in Merkel reform talks

British Prime Minister David Cameron says he is “convinced” he can mend the relationship between Britain and the EU, as pressure grows to call a referendum on UK membership.

Jan 08 12:18

OPERATION ATLANTIC RESOLVE

Persistent presence land forces assurance exercises are the first in a series of expanded U.S. land force training activities in Poland and the Baltic region taking place for the next few months and beyond. The exercises, conducted by U.S. Army Europe Soldiers and host nation forces, are a demonstration of U.S. commitment to NATO and to our collective defense responsibilities through increased ground, air, and naval force presence.

The intent of the supplementary exercises is to reassure NATO allies that the U.S. commitment to meeting our nation’s Article 5 obligations is unwavering. Accordingly, U.S. Army Europe has deployed a company-sized contingent of U.S. paratroopers from the 173rd Airborne Brigade, to Poland, Lithuania, Estonia, and Latvia, roughly 600 Soldiers in all, to conduct the expanded land force training. This action comes at the request of the host nation governments.

Jan 08 09:14

Eurozone Falls Into Deflation; ECB About to Do Something Stupid

Economists are in shock over what should be a welcome event. Deflation is exactly what consumers need. Some say this increases the likelihood the ECB will act on January 22.

Actually, it does nothing of the kind. The ECB is already 100% certain to do something counterproductive, and odds cannot exceed 100%.

Jan 07 10:33

Ukraine preparing for war despite peace talks

In the face of ongoing ceasefire talks in Berlin and a summit next week in Kazakhstan, Ukraine is arming its military for war. European leaders are becoming less optimistic about the Kazakhstan plan.

Germany and France cast doubt on next week's planned peace talks in Astana, Kazakhstan on Monday. At a four-way meeting attended by top diplomats from the two EU nations as well as Russia and Ukraine, officials said a new summit only makes sense if "real progress" is made in implementing the Minsk peace accord.

Despite these talks, Ukraine has beefed up its heavy weaponry, German news agency DPA reported. Ukrainian President Petro Poroshenko himself was on hand to deliver fighter jets, howitzers, and armored cars to the military in Zhytomyr in the north of the country.

"I am convinced that 2015 will be the year of our victory," Poroshenko said. "In order to achieve that, we need a strong, patriotic, and well-equipped army."

Jan 07 09:08

EU Showdown: Greece Takes on the Vampire Squid

Greece and the troika (the International Monetary Fund, the EU, and the European Central Bank) are in a dangerous game of chicken. The Greeks have been threatened with a “Cyprus-Style prolonged bank holiday” if they “vote wrong.” But they have been bullied for too long and are saying “no more.”

A return to the polls was triggered in December, when the Parliament rejected Prime Minister Antonis Samaras’ pro-austerity candidate for president. In a general election, now set for January 25th, the EU-skeptic, anti-austerity, leftist Syriza party is likely to prevail. Syriza captured a 3% lead in the polls following mass public discontent over the harsh austerity measures Athens was forced to accept in return for a €240 billion bailout.

Austerity has plunged the economy into conditions worse than in the Great Depression. As Professor Bill Black observes, the question is not why the Greek people are rising up to reject the barbarous measures but what took them so long.

Webmaster's Commentary: 

I just hope that the head of this opposition party, Alexis Tsipras, is wearing his Kevlar undies these days.

The real danger here is not Greece pulling out of the EU, but the way in which it will trigger credit default swaps, which could have a global impact, crashing the Euro.

Jan 07 09:04

EU Showdown: Greece Takes on the Vampire Squid

Greece and the troika (the International Monetary Fund, the EU, and the European Central Bank) are in a dangerous game of chicken. The Greeks have been threatened with a “Cyprus-Style prolonged bank holiday” if they “vote wrong.” But they have been bullied for too long and are saying “no more.”

A return to the polls was triggered in December, when the Parliament rejected Prime Minister Antonis Samaras’ pro-austerity candidate for president. In a general election, now set for January 25th, the EU-skeptic, anti-austerity, leftist Syriza party is likely to prevail. Syriza captured a 3% lead in the polls following mass public discontent over the harsh austerity measures Athens was forced to accept in return for a €240 billion bailout.

Austerity has plunged the economy into conditions worse than in the Great Depression. As Professor Bill Black observes, the question is not why the Greek people are rising up to reject the barbarous measures but what took them so long.

Jan 06 12:56

Greek Bonds Tumble As Report Sees "Decisive Victory" For Syriza

As The FT reports, forecasting group Oxford Economics says it has carried out an "in-depth" analysis of opinion polls ahead of Greece's snap general election on January 25, which shows that the radical Syriza party is on course to win a "clear mandate" to push through anti-austerity policies. Will German worry now?

Webmaster's Commentary: 

EVERYONE will worry. Syriza's majority is too large to defeat with election fraud. There may even be assassination attempts on their candidates. But when Syriza wins, Greece will follow Iceland's example and simply write off that portion of Greek debt attributable to fraud, which is about half of it. Greece may even leave the EU. And either case will start to trigger those credit default swaps, and while the bankers are in a position to deny the faults, doing so will collapse the derivatives market.

Jan 06 12:44

US Army Plans to Send Abrams Tanks and Bradleys to Eastern Europe

The new Army commander in Europe plans to bolster the U.S. armored presence in Poland and the Baltic states and keep rotations of U.S. troops there through next year and possibly beyond to counter Russia.

Jan 06 12:42

Ukraine preparing for war despite peace talks

In the face of ongoing ceasefire talks in Berlin and a summit next week in Kazakhstan, Ukraine is arming its military for war. European leaders are becoming less optimistic about the Kazakhstan plan.

Jan 06 10:26

Germany, France Pushing for End to Russia Sanctions

The US is keen to keep imposing new sanctions on Russia ad infinitum, and German vice-chancellor Sigmar Gabriel warned that there are forces in the European Union who are keen to do the same to “cripple Russia.”

With the ceasefire in eastern Ukraine holding, Germany and France are both increasingly pushing back against those sanctions, however, with French President Francois Hollande calling for sanctions to be ended outright.

Jan 06 09:08

Libyan warplane bombs Greek-operated oil tanker at port, two dead

A Libyan warplane from forces loyal to the internationally recognised government bombed a Greek-operated oil tanker anchored off the coast, killing two crewmen in an escalation of hostilities between factions vying to rule the country.

Jan 06 08:18

CETA should have a GMO warning label on it in Europe

Genetically modified (GM) food is more strictly regulated in the European Union than it is in Canada or the United States. The Canada-European Union Comprehensive Economic and Trade Agreement (CETA) and the United States-European Union Transatlantic Trade and Investment Partnership (TTIP) will increase the risk of GM food entering Europe.

Jan 06 07:25

Oil Falls Below 50 As Global Financial Markets Begin To Unravel

On Monday, the price of oil fell below $50 for the first time since April 2009, and the Dow dropped 331 points. Meanwhile, the stock market declines over in Europe were even larger on a percentage basis, and the euro sank to a fresh nine year low on concerns that the anti-austerity Syriza party will be victorious in the upcoming election in Greece. These are precisely the kinds of things that we would expect to see happen if a global financial crash was coming in 2015.

Jan 05 19:48

Iceland to Withdraw EU Application: Prime Minister

Iceland is expected to withdraw its application to become a member of the European Union, the Reykjavik Grapevine reported Monday, citing the country's prime minister.

Webmaster's Commentary: 

That European Union isn't looking so attractive these days!

Jan 05 14:18

Soros: EU must take on new debt for a war against Russia.

The US investor George Soros urges Europe to a “war effort,” higher budget deficits to prepare for a war against Russia. Soros also calls for $ 20 billion in new loans from EU taxpayers for Ukraine.

Jan 05 08:40

The Chinese are Coming: Beijing in the Balkans and Eastern Europe

The chatter about Beijing’s economic surge coincided well with its Balkans drive, yet another means by which the Chinese business juggernaut is seeking satiation. Chinese diplomats and figures are not strangers to the region.

Last month, Beijing exerted its already noted muscle in the southern European, Balkans region, holding discussions with Serbian counterparts on further financial involvement. The point of convergence was the Central and Eastern European-China summit, continuing last years 16+1 initiative begun in Bucharest.

Webmaster's Commentary: 

To minimize the time goods get from China and Asia to Europe will also make those goods more attractive, from a price point perspective, to potential European companies.

Jan 05 08:09

Russia's "Startling" Proposal To Europe: Dump The US, Join The Eurasian Economic Union

In other words, just as slowly, the world is starting to grasp the bottom line: it is not the financial exposure to Russia, or the threat of financial contagion should Russia suffer a major recession or worse: it is something far simpler that will lead to the biggest harm for Europe's countries. The lack of trade. Because while central banks can monetize everything, leading to an unprecedented asset bubble which if only for the time being boosts investor and consumer confidence, they can't print trade - that all important driver of growth in a globalized world long before central banks were set to monetize over $1 trillion in bonds each and every year to mask the fact that the world is deep in a global depression.

Jan 05 07:44

‘Political manipulation’: Germany wants new Greek govt to obey forced administration

The German government insists it wants Greece to stay in the eurozone and isn’t drafting any contingency plans in case of ‘Grexit’. This shows Germany is adamant about keeping Greece under the domination of the 'troika', journalist Ernst Wolff told RT.

“The goal of the German government, the European Union and even the government in Athens itself is to keep Greece in the euro zone," German Vice Chancellor Sigmar Gabriel said in an interview on Sunday.

"There were no, and there are no, other plans to the contrary," he added, without directly refuting Der Spiegel’s report that a common belief in the German government was that the eurozone is stable enough to cope with potential Greece exit.

"That's why we can't be blackmailed and why we expect the Greece government, no matter who leads it, to abide by the agreements made with the EU," Gabriel added, echoing an earlier statement by a high-ranking member of German Chancellor Angela Merkel’s party, Michael Fuchs.

Webmaster's Commentary: 

So if Greece defaults on its EU debt, what is Germany going to do, INVADE?!?

I think not.

Jan 05 07:17

Greek euro exit would be ‘Lehman Brothers squared’: economist

A decision by a new Greek government to leave the eurozone would set off devastating turmoil in financial markets even worse than the collapse of Lehman Brothers in 2008, a leading international economist warned Saturday.

A Greek exit would likely spark runs on Greek banks and the country’s stock market and end with the imposition of severe capital controls, said Barry Eichengreen, an economic historian at the University of California at Berkeley. He spoke as part of a panel discussion on the euro EURUSD, -0.77% crisis at the American Economic Association’s annual meeting.

The exit would also spill into other countries as investors speculate about which might be next to leave the currency union, he said.

Webmaster's Commentary: 

The real problem here, should Greece leave the Euro, and default on their debt, there is a potential crash of credit default markets, which could well go global.

Jan 05 07:01

Russia's "Startling" Proposal To Europe: Dump The US, Join The Eurasian Economic Union

Russia has presented a startling proposal to overcome the tensions with the EU: The EU should renounce the free trade agreement with the United States TTIP and enter into a partnership with the newly established Eurasian Economic Union instead. A free trade zone with the neighbors would make more sense than a deal with the US.

It surely would, but then how will Europe feign outrage when the NSA is found to have spied yet again on its "closest trading partners?" Some more on Russia's proposal from EUobserver:

Vladimir Chizhov told EUobserver: “Our idea is to start official contacts between the EU and the EAEU as soon as possible. [German] chancellor Angela Merkel talked about this not long ago. The EU sanctions [on Russia] are not a hindrance”

Webmaster's Commentary: 

love Putin or hate him, he 20,000 chess moves ahead of the US government in presenting this proposal to Europe!!

And Europe, collectively, may well have had just enough of US governmental bullying and NSA spying to say yes to the proposal!!

Jan 04 09:19

Germany warns against tougher sanctions on Russia

Germany's deputy chancellor, Sigmar Gabriel, has warned against destabilizing Russia through too severe sanctions over the Ukraine crisis. He said an unstable Russia would pose a danger to all of Europe.

Webmaster's Commentary: 

"That is a small price to pay to GET THOSE @#$%ING ROOSKIES!!!!" -- Official White Horse Souse

Jan 04 08:43

French military intervention in Libya 'within 3 months': sources

France could launch a military intervention in Libya within three months, according to an Arab diplomat who spoke to Arabic-language newspaper al-Sharq al-Awsat.

The official, who asked not to be named, told the newspaper on Saturday that the question currently under discussion in Paris is not whether France will launch strikes in crisis-hit Libya, but when.

Webmaster's Commentary: 

Third invasion of Iraq, now the second invasion of Libya; the war to force the world back to the dollar isn't going so well!

Jan 01 15:07

IMF suspends financial aid to Greece

The International Monetary Fund has said it is suspending financial aid to Greece under its huge rescue program until a new government is formed.

Jan 01 12:37

Guest Post: 2014 - A Russian Viewpoint

By any measure 2014 has been a truly historic year which saw huge, I would say, even tectonic developments. This year ends in very high instability, and the future looks hard to guess. I don't think that anybody can confidently predict what might happen next year. So what I propose to do today is something far more modest. I want to look into some of the key events of 2014 and think of them as vectors with a specific direction and magnitude. I want to look in which direction a number of key actors (countries) "moved" this year and with what degree of intensity. Then I want to see whether it is likely that they will change course or determination. Then adding up all the "vectors" of these key actors (countries) I want to make a calculation and see what resulting vector we will obtain for the next year.

Webmaster's Commentary: 

This is a very long post, but well worth the read.

The bottom line here is that both Russia and the US/NATO military and political leaders are preparing for war over the rebellious provinces of Eastern Ukraine.

The big question is just how such a war will play out, with US/NATO fighting with the Ukrainian military, and Russia fighting to protect those Eastern rebellious provinces.

Jan 01 07:56

US plans to deploy armored brigade to Europe pre-date Ukraine hostilities

By the end of next year, Washington plans to station about 150 tanks and armored vehicles in Europe, according to a US military commander, who said the decision was made before the Ukrainian crisis strained Russia-US relations.

Dec 31 13:17

Upcoming 2015 year will be all about further moves towards the integration of Eurasia as the US is progressively squeezed out of Eurasia, Pepe Escobar believes.

Fasten your seat belts; 2015 will be a whirlwind pitting China, Russia and Iran against what I have described as the Empire of Chaos.

So yes – it will be all about further moves towards the integration of Eurasia as the US is progressively squeezed out of Eurasia. We will see a complex geostrategic interplay progressively undermining the hegemony of the US dollar as a reserve currency and, most of all, the petrodollar.

Webmaster's Commentary: 

China, Russia, and Iran are all thinking long-term progress.

The US government can barely think past the next election.

Dec 31 09:10

U.S. to station 150 armored vehicles in Europe

The United States plans by the end of next year to station around 150 tanks and armored vehicles in Europe for use by U.S. forces training there, according to a U.S. military commander.

Webmaster's Commentary: 

"And, you know, sort of like, be available ... if we ... kinda need to invade Russia ... or something." -- Official white Horse Souse

Dec 31 07:16

Greek PM dissolves parliament ahead of snap elections

If I had any say with the Arab oil-producing nations, I would tell them to all start selling their oil for currencies other than the dollar at once and start pulling their money out of the US financial system as fast as possible.

Dec 30 09:57

Economic Terrorism Against Russia Intensifies

Jeff Nielson: The Russian ruble fell a further 7% Monday. What is the “reason” cited in the Corporate media for this latest, further plunge in its “value” (i.e. exchange rate)? An “economic report” which shows that Russia’s economy is shrinking. Here we see the pattern of the economic terrorism perpetrated by the One Bank exposed.

In 2010; the One Bank decided to destroy the economy of Greece. It did so for several reasons. It wanted to “make an example” of Greece for all the other European governments to see. This was deemed essential when (tiny) Iceland successfully broke-free of the control of this crime syndicate after the Crash of ‘08, and reclaimed its own sovereignty. It was not about to allow other European governments to follow that example, and begin to assert their own independence.

Webmaster's Commentary: 
Dec 30 07:41

Rise of Spanish populists overturns two-party system

The sudden rise of a new anti-establishment party has transformed Spanish politics a year before a general election, forcing the center-right government to veer away from austerity and the left-leaning opposition to scramble for new leaders.

In just a year since its founding, the party "Podemos" - We Can - has overturned the two party system in place since Spain embraced democracy in the 1970s. It is now polling around even with the ruling People's Party (PP) and main opposition Socialists, and has even led in some polls.

Dec 30 07:22

Euro slides to 2-year low on Greek election fear

The dollar gained ground on the euro and the Japanese yen Monday, with the European single currency trading at a two-year low as Greece prepares for snap elections on a tide of voter resentment against the terms of the country’s international bailout.

Webmaster's Commentary: 

The leading candidate in the coming Greece elections is anti-ECB and anti-austerity. The last time such a candidate ran for office in Greece there was massive election fraud, but this time the Greek voters are so overwhelming against the central bank, election rigging may not prevail. Assuming this candidate is not shot out of the running (Like Robert Kennedy), a win could well mean Greece leaving the EU and defaulting on its debt. That in turn would trigger the credit default swaps sold by Wall Street against Greece's debt. The Wall Street corporations which sold those swaps do not have the cash reserves to pay the claims, which means the Federal Government will insist the American taxpayer cover the losses, in true fascist economic method. I hope the American people will tell the Federal Government that We The People will not pay for Wall Street's bad business decisions any longer.

Dec 26 08:40

Russia’s biggest blacklisted banks appeal EU sanctions

Russia’s two biggest lenders Sberbank and VTB, as well as Russia’s foreign development bank Vnesheconombank (VEB) have appealed to the European Court of Justice against EU sanctions, saying there was not enough evidence for their introduction.

The lenders also say the sanctions are illegal, as they violated WTO rules and some international agreements.

The sanctions imposed in July on Russian banks banned some of the biggest lenders from getting long-term borrowing from the international financial markets.

Dec 25 09:36

Russia Says Ukraine's NATO Ambitions Are Dangerous For Europe

Russian Foreign Minister Sergei Lavrov said Ukraine's pursuit of NATO membership posed a danger to European security and that the West was using Kiev's bid to join the Atlantic alliance as a way to fuel confrontation between Russia and Ukraine.

The Kiev parliament's renunciation of Ukraine's neutral status this week as a step towards joining NATO has outraged Moscow and deepened the worst confrontation between Russia and the West since the end of the Cold War.

Lavrov is the latest Russian official to speak out against Kiev's bid in recent days and to make it clear Russia would see the NATO membership of such a strategic former Soviet republic with a long common border as a direct military threat.

Dec 24 10:39

Russia Blames NATO For Ukraine Dropping Nonaligned Status

NATO members pushed Ukraine toward dropping its nonaligned status, Russia claimed Wednesday, and also criticized the alliance for expanding its military presence near Russian borders.

Ukraine's parliament abandoned the nonaligned position Tuesday, possibly paving the way for a bid to join NATO, in defiance of Russia's protests.

Moscow strongly protested the Ukrainian parliament's move. Deputy Defense Minister Anatoly Antonov said Wednesday that unidentified NATO members had pushed Ukraine to make the move in a bid to turn it into a "forward line for confronting Russia."

"Under the slogan of a 'Russian threat,' NATO is expanding its military potential in the Baltics, Poland, Bulgaria and Romania," Antonov said in remarks carried by Russian news agencies.

Webmaster's Commentary: 

Folks, if you don't believe that this could escalate into a shooting war between NATO aligned with the West (read: the US) against Russia, you had very much better think again.

It is very clear, between the sanctions against it, the deliberately low pricing for oil, which is wrecking Russia's economy, and a potential downgrade of its financial worthiness, courtesy of Standard & Poor's, that the US is doing everything in its power to effect regime change in Russia.

Putin is too smart to let THAT happen.

But at the very top levels of leadership, the US and NATO are two reckless, hubristic organizations with a penchant for making very bad decisions which are not thought all the way to their logical conclusions.

And if you do not believe me, just take a look at the NATO/US "partnership" in Afghanistan, now 13 years old.Can someone possily explain to me how the current quagmire in Afghanistan is a "victory" for the US or NATO?!?

There is no military metric by which anyone in their right mind can claim this to be a "victory" for either the US or NATO.

The only bloody thing which has "improved" has been the massive boom in opium poppy production, but that is it.

Hell, it's never their kids who will wind up getting killed or maimed for life, ultimately for private profit; it is always other people's kids (your families, our families, etc.).

And the reason the US went into Afghanistan militarily was that the "leadership" in this country thought that the prices for pipeline rights being asked by the Taliban were "too high", and their regime "too unstable". As reported at theguardian.com in June 2003:

Start with father Bush. The former president and ex-CIA director is not unemployed these days. He's been globetrotting as a member of Washington's Carlyle Group, a $12 billion private equity firm which employs a motorcade of former ranking Republicans, including Frank Carlucci, Jim Baker and Richard Darman. George Bush senior and colleagues open doors overseas for The Carlyle Group's "access capitalists." Bush specializes in Asia and has been in and out of Saudi Arabia and Kuwait (countries that revere him thanks to the Gulf War) often on business since his presidency. Baker, the pin-striped midwife of 'Election 2000' was working his network in the 'stans' before the ink was dry on Clinton's first inaugural address. The Bin Laden family (presumably the friendly wing) is also invested in Carlyle. Carlyle's portfolio is heavy in defense and telecommunications firms, although it has other holdings including food and bottling companies. The Carlyle connection means that George Bush Senior is on the payroll from private interests that have defense business before the government, while his son is president. Hmmm. As Charles Lewis of the Washington-based Center for Public Integrity, has put it, "in a really peculiar way, George W. Bush could, some day, benefit financially from his own administration's decisions, through his father's investments. And that to me is a jaw-dropper." Why can we assume that global businessmen like Bush Senior and Jim Baker care about who runs Afghanistan and NOT just because it's home base for lethal anti-Americans? Because it also happens to be situated in the middle of that perennial vital national interest -- a region with abundant oil. By 2050, Central Asia will account for more than 80 percent of our oil. On September 10, an industry publication, Oil and Gas Journal, reported that Central Asia represents one of the world's last great frontiers for geological survey and analysis, "offering opportunities for investment in the discovery, production, transportation, and refining of enormous quantities of oil and gas resources." It's assumed we need unimpeded access in the 'stans' for our geologists, construction workers and pipelines if we are going to realize the conservation-free, fossil-fueled future outlined recently by Vice President Cheney. A number of pipeline projects to carry Central Asia's resources west are already under way or have been proposed. They would go through Russia, through the Caucasus or via Turkey and Iran. Each route will be within easy reach of the Taliban's thugs and could be made much safer by an American vanquishment of Muslim terrorism. There's also lots of oil beneath the turf of our politically precarious newest best friend, Pakistan. "Massive untapped gas reserves are believed to be lying beneath Pakistan's remotest deserts, but they are being held hostage by armed tribal groups demanding a better deal from the central government," reported Agence France Presse just days before September 11.

This is why our sons and daughters, mothers and fathers have died, and continue to die and be maimed for life in Afghanistan; it is about who controls the flow of oil through the region, and in what financial denominations.

This is not about our "freedoms or liberties" or really what fragments of those which may yet remain, after the evisceration of the Constitution and Bill of Rights by the Homeland Security Act; the Patriot Act, and the NDAA: this is about potential private profit, period, end of discussion.

This current escalation of hostilities, both economic and military, against Russia demonstrates to me that the US and NATO are prepared to go to war against it, to destroy its economy, and destroy Russia militarily.

However, there is one big, ugly factor which generally goes unstated, again reflecting the illogical, magical, and hubristic thinking of US and NATO leadership: the US and NATO do not have the troop strength, the manufacturing, or the money to insure a successful outcome to a conventional war against Russia; and that is why the military scenario here remains so scarily dangerous.

Dec 24 10:14

It was the EU that provoked the Ukrainian shambles, not Vladimir Putin

Quite one of the oddest and most frightening stories of the year has been the ludicrous and persistent misrepresentation in the West of the reason for the tragic shambles unfolding over Russia and Ukraine.

This has been presented as wholly the fault of the Russian “dictator” Vladimir Putin, compared by Hillary Clinton and the Prince of Wales to Hitler, for his “annexing” of Crimea and for fomenting the armed uprising in eastern Ukraine. Almost entirely blotted out has been the key part played in triggering this crisis by the remorseless urge of the EU to draw the cradle of Russian identity into its own empire.

Dec 24 07:05

Police warn Chinese forgery gangs have learned how to make near-perfect £2 coins… and say the crooks are already flooding Europe with similar fakes

Another investigator told the paper that the China to Italy counterfeit route was 'entirely feasible' and it should ring alarms bells if Chinese gangs were exporting to the country.

Webmaster's Commentary: 

In other words, they do not actually know who is making these fake coins, but China makes a convenient villain.

Dec 23 09:23

Oil Price War Blowback: EU businesses hit hard by weak Russian currency

Dec 22 08:34

Rallies staged in over 30 Spanish cities against tough new anti-protest law (PHOTOS)

More than 30 cities in Spain have expressed their anger over the so-called ‘gag’ legislation that criminalizes social protest and, demonstrators say, curbs the freedom of expression.

The slogan of the movement is "Gag Law, why do they want to shut us up?" and unites several groups of citizens spearheaded by the "We Are Not Criminals" civil platform.

Dec 22 07:53

Infanta Cristina of Spain to Be Tried on Tax Offence Charges: Judge

The Spanish Duchess of Palma de Mallorca, Infanta Cristina, is to be tried on two tax offence charges.

Judge Jose Castro ruled that the hearings would take place in the second half of next year.

The Duchess of Palma de Mallorca was put on trial for tax offences, based on evidence that she was involved in fraudulent activities carried out by her husband Inaki Urdangain. Urdangain and his former associate Diego Torres have been accused of embezzling $7.3 million in public funds from the non-profit Noos Institute through a company owned by the royal couple.

Dec 22 07:21

GREEK CRISIS: Samaras desperation takes a new turn.

Having earlier explored the idea of dumping his Presidential candidate, Prime Minister Antonis Samaras now seems to be reaching out like the drowning man for any straw in the wind.

He has apparently been pootling about various salons in Athens offering to bring forward elections and make his Cabinet “more inclusive”.

Dec 22 07:18

Having Sabotaged South Stream EU Now Desperate for Azerbaijan Gas

The Foreign Ministers of Azerbaijan, Georgia and Turkey gathered in Kars to strenghten trilateral cooperation between the three neighbors. Especially energy and transportation projects, such as the Trans-Anatolian gas pipeline (TANAP) and the Baku-Tbilisi-Kars railway, were high on the agenda during the fourth trilateral meeting since the launch of this format in 2012.

Russia's decision to drop the South Stream project and redirect the pipeline to Turkey caused a great stir in Europe and some EU countries immediately expressed their concern that this could affect the implementation of TANAP but Turkish FM Mevlüt Cavusoglu put oil on troubled waters:

Dec 22 07:12

Rothschild Funding World War II - Dr Antony C Sutton Interview

Dec 22 07:02

Leaked CIA docs teach operatives how to infiltrate EU

Wikileaks has released two classified documents instructing CIA operatives how best to circumvent global security systems in international airports, including those of the EU, while on undercover missions.

Dec 22 06:58

Belarus In Full-Blown Hyperinflation Panic: Blocks News, Online Stores; Bans All FX Trading For 2 Years

"We have to do something with these Belarussian rubles," exclaims one Belarussian as she shops to turn worthless rubles (BYR) into physical assets. As AFP reports, The Belarussian currency was dragged down by the slide of the Russian ruble last week, leading authorities to impose draconian measures, forbid price increases even for imported goods, and warn people against panic. Now, however, in an effort to stem the flood of hyperinflating domestic prices, authorities have blocked online stores and news websites to stop the run on banks and shops as people scramble to secure their savings. One of the blocked news websites noted, it "looks like the authorities want to turn light panic over the fall of the Belarussian ruble into a real one," calling the blockages "December insanity."

And indeed they have stepped up the insanity, extending the halt in FX trading...

Dec 21 08:46

EU Delegation: Israel has committed genocide

These members of the European Parliament are calling on the European Union to break diplomatic ties with Israel and implement sanctions against the country because of the war crimes it has committed against the people of Palestine.

Dec 20 09:43

IMF holds back Cyprus bailout funds

The International Monetary Fund has said it will not release a further €88m (£69m/US$108m) in bailout money for Cyprus on Friday after the country’s parliament delayed a key foreclosure law that was due to take effect at the end of December.

“Following today’s suspension of the existing legislation on foreclosure, critical requirements for the completion of the fifth programme review are now no longer met,” the IMF said in a statement. Its board had been set to discuss Cyprus’s progress with the loan programme on Friday and was thought likely to release the next instalment of aid.

Cyprus needed an international bailout of €10bn (£7.8bn/US$12bn) from the European commission and the monetary fund in early 2013, largely due to problems in its banking sector.

Webmaster's Commentary: 

Were I a betting woman, I would bet against this "buffering legislation" getting passed, and those who lost horrifically, in terms of losing their jobs, or saw their incomes battered, will be even more financially crucified, given the current state of things in Cypress, coupled with the hideous and inhuman greed of the IMF.

Dec 19 15:30

'Grieks parlementslid kreeg 3 miljoen euro aangeboden in ruil voor stem voor volgende president'

Pavlos Chaikalis, an MP for the Greek Independents, has received an amount between 2 and offered the 3 million to vote for the next Greek president. That explained the man Friday on Greek radio. The name of the briber was not released, but according Chaikalis it is a known person in the political and economic circles.

In addition to 700,000 euros in cash Chaikalis would get facilities in the payment of outstanding loans and would be granted him some publicity contracts. Chaikalis is also an actor.

Webmaster's Commentary: 

greek member of parliament was offered 3 million euro vote the 'right way'

Dec 19 11:35

Landslide EU vote for Palestinian State

The European Parliament has adopted a resolution recognizing Palestinian statehood in principle. A total of 498 MEPs voted in favor, while 88 were against.

Webmaster's Commentary: 

Ooooh, I'll bet a Palestinian terrorist (nudge nudge wink wink) will do something nasty in Europe soon!

Dec 19 08:06

ATHENS SOURCES: Prime Minister Samaras seeks more aceptable Greek Presidential nomination

It seems that the fingernails of Antonikis Samaras are so desperately clinging to power, the New Democracy olive-stone from Kalamata now seeks a “more acceptable” Presidential name, in the hope of winning more MPs round to his way of thinking.

Greater self-love hath no man, than he sacrifice his candidate for his future.

Dec 19 08:03

EU introduces ‘discriminatory’ sanctions on Russia’s Crimea

Having slapped Crimea and Sevastopol with new investment restrictions, the EU stopped short of introducing new sanctions against Russia’s mainland, with political heavyweights including France and Germany cautiously hinting at possible policy reversal.

The EU summit in Brussels, hosted by European Council President Donald Tusk, has abruptly ended half a day earlier than planned with European leaders opting against introducing a new set of sanctions on Moscow. While a number of delegations spoke in favor of new measures, the bloc’s political heavyweights urged caution.

Webmaster's Commentary: 

Mostly because this new World War will be fought in their own countries!

Dec 18 09:12

Is Europe About to Lose the Fight Against GMO’s?

“What emerges is an understanding of TTIP as the political project of a transatlantic corporate and political elite which, on the unfounded promise of increased trade and job creation, will attempt to reverse social and environmental regulatory protections, redirect legal rights from citizens to corporations, and consolidate US and European global leadership in a changing world order.” – (Seattle to Brussels Network, Kim Bizzarri)

Dec 18 09:11

EU coal in Israel’s sock

The bad news for Israel keeps on coming, and judging by the reactions of Israeli and U.S. politicians, more is yet to come.

The Israelis were aghast at the news that a European court found that Hamas should be removed from the EU’s terror list. Benjamin Netanyahu reacted with his predictable buffoonery and bombast, alleging that Europe has “learned nothing” from the Holocaust.

The reality is that Israel has learned nothing from several decades of warnings by its friends and allies, who have repeatedly said Israeli indifference to human rights law, the provisions of Geneva Conventions, and the realities of the Palestinian-Israeli conflict would lead only to stalemate and backlash.

Dec 18 09:08

Dozens of shots fired at Israeli embassy in Athens

Unknown attackers fired dozens of bullets at the facade of the Israeli embassy in Athens without causing any injury in a pre-dawn, drive-by attack Friday on one of the Greek capital's best-guarded buildings.

Dec 18 08:15

UN claims of asylum seekers’ ‘inhumane’ treatment provoke Dutch ire

The uproar from UN officials came after the central government recently refused to release €15 million in funds for local authorities to provide accommodation and food for those asylum seekers, who have been deemed to lack genuine humanitarian reasons for staying in the Netherlands without a visa

Dec 18 08:01

Netanyahu: We expect the EU to put Hamas back on the terror blacklist immediately

Israel reacted furiously on Wednesday to the European Court of Justice’s decision to take Hamas off the EU’s list of terrorist organization, rejecting explanations that this was just a technical step that will be overturned before it is implemented.

Prime Minister Benjamin Netanyahu, before a meeting with Joni Ernst, the newly elected Republican senator from Iowa, called it one example of “staggering” European “hypocrisy.”

Dec 18 07:58

France to block David Cameron's treaty change plan

David Cameron’s bid to renegotiate Britain’s relationship with the European Union will be dealt a blow on Thursday when the French president tells the Prime Minister he is “obsessed with his own problems”.

Francois Hollande will block Mr Cameron’s request for a change to the EU treaty to include a new settlement for Britain in Europe, The Telegraph has learnt.

Mr Hollande will tell the Prime Minister that he is opposed to amending the EU’s treaty on the grounds that change is not needed and might trigger a referendum in France

Dec 18 07:27

Swiss Central Bank Plunges Into NIRP, Sends Deposit Rates Negative, Scrambles Against Safe-Haven Capital Flight

Everyone thought that any major monetary policy surprises and/or capital controls today would come from Putin during his annual press conference. Boy were they wrong: just after 2 am Eastern, none other than the Swiss National Bank joined the ranks of the ECB in scrambling to stem the wave of capital flight, not to mention the cost of money, when it announced it too would start charging customers for the privilege of holding cash in its banks

Dec 17 10:57

EU: Greek Defiance on Debt Would Be 'Suicidal'

A refusal by Greece to repay bailout debts would be "suicidal" for the country, the European Union's top finance official said Monday in a clear warning to the country's popular opposition.

EU Finance Commissioner Pierre Moscovici made the remarks after a three-hour meeting with conservative Prime Minister Antonis Samaras.

"The idea of contemplating the possibility not to reimburse a huge debt is suicidal ? it's not possible, you'll be in default and that's what we've been trying to avoid for years," Moscovici said.

Moscovici's two-day visit went ahead despite stalled negotiations between Greece and bailout creditors, and took place ahead of a parliamentary vote that could topple Greece's pro-bailout government this month.

Webmaster's Commentary: 

A memo to EU Finance Commissioner Moscovici: it sure as heck was NOT suicidal when Iceland did it. They repudiated their odious debt, threw the politicians and the banksters responsible for creating their financial mess into prison, and their economy is doing quite well, thank you very much!!

I frankly think it is a GRAND model, sir, and one that the Greeks might well think about emulating.

Dec 17 10:50

NATO tactical aircraft double flight intensity near Russia, Belarus borders

Tactical aircraft of North Atlantic Alliance states more than doubled flight intensity near borders of Russia and Belarus this year, Chief Commander of Russian Air Force Colonel General Viktor Bondarev told reporters on Tuesday.

“Overall number of flights by NATO tactical aircraft in regions bordering Russia and Belarus has more than doubled to exceed three thousand in 2014 against 2013,” Bondarev said.

NATO aircraft flights near Russian borders “are beyond comparison with flight intensity by Russian long-range aircraft,” the chief commander added.

The United States and NATO states have made flights of their spy planes much more intensive this year, particularly in the Baltic states. The number of flights makes 8-12 a week, the general said.

Webmaster's Commentary: 

Just because initiating a war with Russia would be one of the most pig-headedly, ham-fistedly stupid things the US and NATO could do right now, is, unfortunately, absolutely no guarantee that they will not do so, and that is just the hard truth here.

I have seen the demonization of Russia rise exponentially in the last couple of months. Now, we see an economic war against the ruble due to the oil price collapse, courtesy of the US and Saudi Arabia, which is already putting many US oil-related companies and projects at high risk.

I would like to very politely suggest to all those inhabiting Sodom on the Potomac, that the US military does not have the troop strength, the money, or the manufacturing to insure a positive outcome to a conventional war with Russia; and this is what makes the military scenario so scarily dangerous here.

Dec 17 10:14

Pepe Escobar, Eurasian Integration vs. the Empire of Chaos

Welcome to the new trans-Eurasia choo-choo train. At over 13,000 kilometers, it will regularly traverse the longest freight train route in the world, 40% farther than the legendary Trans-Siberian Railway. Its cargo will cross China from East to West, then Kazakhstan, Russia, Belarus, Poland, Germany, France, and finally Spain.

The Yiwu-Madrid route across Eurasia represents the beginning of a set of game-changing developments. It will be an efficient logistics channel of incredible length. It will represent geopolitics with a human touch, knitting together small traders and huge markets across a vast landmass. It’s already a graphic example of Eurasian integration on the go. And most of all, it’s the first building block on China’s “New Silk Road,” conceivably the project of the new century and undoubtedly the greatest trade story in the world for the next decade.

Webmaster's Commentary: 

What does Chinese government do to get the things it wants economically?!?

It pushes technology, and drives win/win deals.

What does the US government do to get what it wants economically?!/ It wages wars.

And what is wrong with this picture?!?

BLOODY EVERYTHING.

Dec 17 09:40

Israel Demands EU Return Hamas to Terror List

The EU General Court's ruling to exclude Hamas from the list of terrorist organizations has sparked a powerful protest in Israel. Prime Minister Benjamin Netanyahu named Hamas a "murderous terrorist organization" and promised to continue to fight it.

Webmaster's Commentary: 

Plus a "Hamas" (nudge nudge wink wink) terror attack on a major European city!

Dec 17 09:21

European stocks slump; ruble gains as central bank steps up defense

European stocks dropped Wednesday, resuming their recent run of losses as investors wrestle with economic and political uncertainty throughout the region.

The Stoxx Europe 600 SXXP, +0.19% fell 0.7% to 326.62, with all major sectors swimming in the red.

In Frankfurt, the DAX 30 index DAX, -0.12% fell 1% to 9,459.54. France’s CAC 40 PX1, +0.61% declined 0.9% to 4,058.65 and the U.K.’s FTSE 100 UKX, +0.11% declined 0.9% to 6,274.87.

At the same time, attention turned once again to Russia’s currency, which advanced against the dollar Wednesday following a report the Russian finance ministry has started to sell foreign currency in an effort to halt the ruble’s slide. The dollar was buying 64.674 rubles USDRUB, -15.46% compared with 67.893 late Tuesday.

Dec 17 06:55

Pentagon confirms military buildup along Russian borders for ‘peace and stability’

The Pentagon has confirmed the military buildup along Russia’s borders to ensure long-term “peace and stability” in the region. Earlier Moscow accused NATO of a sharp increase in air activity and intelligence flights in the border zone.

Replying to RIA Novosti’s query on the increased number of NATO flights around Russia's borders, a Pentagon representative told the news agency that the military presence of the alliance has increased, but all operations are carried out under utmost “transparency.”

The current efforts of the US European Command, the Pentagon official said, are in line with Operation Atlantic Resolve and demonstrate American “commitment to the collective security of NATO, the long-term peace and stability in the region”, particularly in the light of Russian “interference” in Ukraine.

Dec 17 06:41

Bosnia to join EU? Brussels backs UK-German reform road map

European Union foreign ministers agreed to give the green light to a UK-German plan to revive Bosnia's bid to join the 28-member bloc.

The troubled Balkan country, which has a fragile, stagnant economy riven with corruption, launched its bid to join the EU in 2010.

Dec 16 14:46

Gold Surge from Switzerland Raises Black Money Fears

Berne, Switzerland: Amid concerns that the bullion trade is being used to bring back black money from Swiss banks, data showed gold exports from Switzerland are fast approaching the Rs. 1 trillion (nearly $16 billion) mark this year.

Swiss gold exports to India stood at over 2.8 billion Swiss francs ($2.9 billion) in October, up from about 2.2 billion Swiss francs in the previous month, according to the Swiss Customs Administration.

Dec 16 08:00

Spain Criminalizes Protest Against EU Central Bankster Austerity

Spain will impose a raft of new laws to combat popular protests in opposition to EU central bankster austerity.

Webmaster's Commentary: 

Dec 15 07:06

Rioting and vandalism in Zurich, Switzerland

The protest began on Friday evening at 22.15 clock.

Police fired rubber bullets, tear gas and water cannon to disperse some 500 people who caused hundreds of thousands of euros worth of damage
that police said was claimed by left-wing radicals.

Zurich is a major financial hub hosting several banking giants.Cars, trees and bins were set alight in the upscale and normally peaceful city.
The violence erupted during a left-wing protest in Zurich’s upscale Stadtkreis 4 neighbourhood.

Dec 14 18:05

Belgium braces for national strike

The strike, which is the climax of a union movement that began last month with a huge march and violent protests in Brussels, will also likely close schools, businesses, factories and government offices.

Unions say there is "no choice" but to go ahead with the strike after the right-of-centre government of Prime Minister Charles Michel pushed ahead with plans to save 11 billion euros ($13.7 billion) over five years.

Dec 14 07:29

EU Mulls New Russia Sanctions Over Crimea, Denmark Says

The European Union is considering stepping up its restrictions on business with Crimea to make clear that the bloc doesn’t accept Russia’s annexation of the Ukrainian peninsula, Danish Foreign Minister Martin Lidegaard said.

Webmaster's Commentary: 

The Crimean people voted to separate from the unelected Junta in Kiev (the latter being the product of a US/EU-backed coup a year ago), then voted to ask to join Russia. Russia agreed. What's the matter, Denmark? Don't you believe in Democracy?

Dec 14 07:01

Reports reveal UK hacking of Belgian telecoms firm

New reports indicate that a British spy agency has hacked into the computers of Belgian telecoms firm, Belgacom, on a larger scale than previously thought.

Belgian newspaper De Standaard and The Intercept website on Saturday published detailed accounts of how the British surveillance agency, GCHQ, intruded into Belgacom’s networks.

The hacking first came to light in 2013 when Belgium asked Britain to respond to the espionage allegations.

Dec 14 06:53

Thousands of protestors flood Polish opposition demo

Tens of thousands of Polish opposition supporters marched in the capital Warsaw on Saturday to denounce alleged irregularities in last month's local elections.

Dec 13 06:34

Spain passes tough new 'anti-protest' law

Spain on Thursday finally passed its new controversial Citizen Security Law which opponents say will severely limit civil liberties in the country.

The unpopular law contains retains existing fines of up to €600,000 ($746,000) for unauthorized protests outside buildings "which provide basic services to the community", a definition that encompasses everything from hospitals to universities and the Spanish parliament.

The new law, which the government argues will ensure public security, also forbids the photographing or filming of police officers in situations where doing so could put them in danger. This could result in a fine of up to €30,000. Showing a "lack of respect" to those in uniform, meanwhile, could lead to a fine of €600.

The law has been dubbed the 'ley mordaza' or 'gag law' by opposition groups and the Spanish media, many of whom believe the law will curtail individual rights.

Webmaster's Commentary: 

Spain's government appears to be re-embracing its fascist past, just as the US government is embracing its fascist present, and future.

Dec 12 09:06

Pentagon Considering Deployment of Nuclear Missiles in Europe

The Pentagon is considering the re-deployment of nuclear cruise missiles in Europe in response to a new Russian cruise missile that the United States has charged violates a 1987 nuclear treaty, a senior Pentagon official told Congress on Wednesday.

Dec 12 07:20

Germany, Stuck with Massive Bill for Ukraine, Asks Russia for Help

The last two paragraphs in the article show that the German Finance Minister Wolfgang Schauble has been obliged to telephone Anton Siluanov, Russia’s Finance Minister, to ask him not to call in Russia’s $3 billion loan, which becomes automatically repayable when Ukraine’s debt exceeds 60% of its GDP, something which everybody knows has now happened.

It also says that “George Osborne, the UK finance minister, expressed surprise at the request, attendees said, saying the EU was now asking for help from Russia at the same time it was sanctioning the Kremlin for its actions in Ukraine.”

In other words in order to “save” Ukraine (and their own political reputations) the European leadership is now being forced to turn to Russia for help - the same country they accuse of invading and destabilising Ukraine and which they have sanctioned.

Webmaster's Commentary: 

And Russia will step in to help, pulling the rug out from under US meddling in Europe.

Dec 12 07:12

Zionists Want Multi Cultural Europe And Jewish Only Israel

They do. They believe they have a right to their own country, regardless if they choose to live there or not. Whites however, have no choice and will never have freedom of association again. No vote or say, just manipulation and propaganda into submission.

Zionists - They are not White. White is not a skin color. White is a shortened term for European, Australian, South African and American people that provided the civilization you currently live in.

Zionists - They believe in the Anti White Proposition. What is the Anti White Proposition? There can be no all white countries anywhere on the planet and there can be no all white areas in those formerly all white countries. Its a scam. Its genocide.

Dec 11 09:58

European banks are stuck in a severe crisis

Big banks in Europe are riskier than anywhere else in the world.

They have higher non-performing loans, greater asset shrinkage, larger losses and higher debt-to-equity ratios. And European banks are bracing for even worse loan losses.

It’s the combination of those characteristics that lead to a crisis, and the eurozone essentially is in one today.

Webmaster's Commentary: 

The root cause of all these problems is that eleventh marble!

Dec 09 15:03

The train with tanks of army of the USA passed across Latvia

Dec 09 13:38

Germany Does Something the U.S. Hasn’t for Peace

On December 5, the renowned weekly newspaper Die Zeit published the letter “Another War in Europe? Not in our name!” The more than 60 personalities from politics, business, culture and media certainly do not sound like the typical voices for peace, and indeed they are not. Nevertheless they came together to demand de-escalatory politics between the United States and the European Union, on one side, and Russia. They appeal to the German federal government, its representatives and the media to assume their responsibility for peace in Europe. The desire for a world without war is one shared far beyond the peace movement choir.

Dec 09 09:31

Greece Post Mortem: Worst Day Since 1987 Crash, Banks Destroyed, Bond Yields At Post-Bailout Highs

As the sun sets in Athens, we thought a moment of reflection was worthwhile. Greek stocks are now down 13% - the biggest single-day drop since (drum roll please) the crash of 1987... led by total carnage in Greek banks (down 15-25% on the day). Greek bond yields exploded, 3YR +183bps to a new post-bailout high at 8.32% (and inverted to 10Y).

Dec 09 09:19

Greek stocks crash, yields spike on political strife

Greece's stock market plunged 13 percent on Tuesday and bond yields spiked after the country's government surprised investors by announcing a snap presidential vote.

The election was originally scheduled for the new year, but will now take place next week. The news, announced late Monday, caused the Athens Stock Exchange to fall 13 percent by Tuesday afternoon, and the yield on Greek 10-year government debt to rise to 8.08 percent.

Greece's banks were among the worst hit, with the National Bank of Greece trading down around 20 percent and Attica bank down 26 percent.

Dec 09 08:44

‘German govt acts like masters of the universe within the EU’

Despite the German economy facing a crisis it is still the strongest in Europe. That is why Germany keeps dictating the EU path and asserts itself as the dominant power within the Union, Ernst Wolff, journalist and author, told RT.

A French member of the European Parliament, Jean-Luc Melenchon, has advised German Chancellor Angela Merkel to “shut up.” This Sunday using his twitter feed the founder of a French left party and former education minister responded angrily to Merkel’s call for France to introduce more economic reform. He said she should concentrate on Germany’s own problems.

Dec 09 08:29

Alternative Media and the MH17 JIT Reversal

After weeks of protests and growing suspicion, Dutch authorities overseeing the investigation of Malaysia Airlines flight MH17 have finally included Malaysia as a member of its Joint Investigation Team (JIT).

Malaysia had made it clear it was immensely displeased with its inexplicable exclusion from JIT formed after the downing of MH17 over eastern Ukraine. Including NATO members (Belgium and the Netherlands), a defacto NATO collaborator (Australia) and a potential culprit in the air disaster (Ukraine), Malaysia’s exclusion looked to be a part of an ongoing cover-up amid a larger attempt to use the disaster to frame Russia and advance NATO’s agenda in Eastern Europe.

Dec 09 07:51

Europe should decide its fate without using US ‘disservices’ – Russian Duma speaker

State Duma chairman, Sergey Naryshkin, has reiterated his advice to European countries to rule themselves and stop heeding meddlesome US advice that does more harm than good.

Dec 09 07:49

US Expands Military Presence at Spanish Naval Base

The US Defense Department has announced the addition of two more ballistic missile ships to its base in Europe, with up to 3,000 more servicemen being deployed.

Dec 08 08:46

Israel attempts to undermine EU vote on Palestine Statehood

Israeli foreign ministry has been working to undermine a vote on recognising Palestinian statehood in the European parliament, Anadolu Agency stated on Friday.

Israeli Radio was quoted by Anadolu as saying that the Israeli Ambassador to the EU in Brussels David Walzer stated, "I have been contacting the different parliamentarian blocs of the EU ahead of the vote to recognise the Palestine State this month."

The EU parliament postponed the vote, which was due to take place on November 24, to December 18. The EU members were to vote on the recognition of Palestinian statehood.

Dec 08 08:21

EU will have to transport Russian gas from Turkey on its own – Gazprom chief

With the end of the South Stream project, Russia will have to adapt to a new market where it will not provide gas delivery to end users, Aleksey Miller, the head of Gazprom said in an interview confirming South Stream will not be resumed.

Russia’s Gazprom energy giant has given up the long-cherished South Stream gas pipeline to Europe because of the EU blocking its realization with the Third Energy Package, which prohibits one company to do the full cycle: extraction, transportation and sale of energy resources.

Now Gazprom is going to use already constructed South Stream infrastructure on the Russian territory to build a new gas pipeline across the Black Sea to Turkey, with an annual capacity of 63 billion cubic meters.

Dec 07 14:29

FLASHBACK 2013 - Hungary Sheds Bankers’ Shackles

Not since the 1930s in Germany has a major European country dared to escape from the clutches of the Rothschild-controlled international banking cartels. This is stupendous news that should encourage nationalist patriots worldwide to increase the fight for freedom from financial tyranny. - See more at: http://americanfreepress.net/?p=12418#sthash.PnIai0bn.dpuf

Dec 06 08:05

Hungary summons US envoy over McCain remarks

Hungary has summoned the United States top diplomat in Budapest after Republican Senator John McCain described the country's prime minster as a “neo-fascist dictator.”

Dec 04 09:31

ECB 'steps up' plans for more stimulus measures

The European Central Bank (ECB) has "stepped up" plans for more stimulus measures aimed at revitalising the eurozone economy, bank president Mario Draghi has said.

Webmaster's Commentary: 

Meaning they will print up more money to give to the banks to lend to the people at interest!

Dec 02 16:05

EU Puppet Bulgaria Kills Russian Pipeline

President Vladimir V. Putin of Russia said South Stream, a major project to deliver natural gas to Europe, would be redirected through Turkey after pressure from the European Union.

Dec 02 09:30

Europe May Face 'Disaster' Due to South Stream Cancellation: Czech Company

Cancellation of the South Stream gas pipeline project spells a disaster for the Baltic States, as well as Bulgaria, Serbia, Hungary and Austria, the marketing director of Czech gas company said.

Dec 01 09:29

As many as 300 Swedes believed to have joined ISIS

There are fears that up to 300 Swedes have travelled to the Middle East to join Islamic State, according to the Scandinavian country’s intelligence chief.

Anders Thornberg explained that they have already confirmed around a hundred cases of Swedes who have left the country to join the insurgency, but then they must take into account the presumed cases and those which have yet to be counted. This, he said, brings the overall number to between 250 and 300 people.

Webmaster's Commentary: 

Sweden recognized Palestine as a state only a month ago and now ISIS (nudge nudge wink wink) is going to attack? The next false-flag?

Nov 30 11:53

Portugal supports Palestinian rights

The Portuguese parliament has confirmed its support for the inalienable rights of the Palestinians, including the right for self-determination. According to Quds.net, which reported the news, a parliamentary statement called on Israel to comply with international law for a solution based on two states and relevant UN resolutions.

Nov 30 11:51

Swiss Gold Referendum Fails: 78% Vote Against "Protecting The Country's Wealth"

Whether as a result of an unprecedented scare campaign by the Swiss National Bank (most recently reinforced by Citigroup), or due to confidence that Swiss gold is as safe abroad as it is at home, or simply due to good old-fashioned "hanging chads", today's most awaited event has come and gone and the result - according to early projections by Swiss television SRF - is that the Swiss population overwhelmingly rejected a referendum to force the Swiss National Bank to hold some 20% of its reserves in gold in a landslide vote, with about 78% voting against what AP politely termed "protecting the country's wealth by investing in gold."

Webmaster's Commentary: 

Whether the results of a slick ad campaigns, or an incredible hack job, the executives of the Bank of Switzerland can collectively breathe a sign of relief that this referendum didn't pass.

Nov 28 08:05

Netherlands government says closure of mosques unacceptable

Netherlands Deputy Prime Minister Lodewijk Asscher has said any closure of mosques in the country would be "unacceptable" after a Party for Freedom lawmaker proposed that all mosques there be shut.

Nov 28 08:03

Swiss, French call to bring home gold reserves as Dutch move 122 tons out of US

The financial crisis in Europe is prompting some nations to repatriate their gold reserves to national vaults. The Netherlands has moved $5 billion worth of gold from New York, and some are calling for similar action from France, Switzerland, and Germany.

An unmatched pace of money printing by major central banks has boosted concerns in European countries over the safety of their gold reserves abroad.

Nov 27 08:50

EU Parliament: Palestinian recognition can be delivered through EU common position

A coordinated EU "common position" could deliver the recognition of a Palestinian state, the European Parliament was told on Wednesday 26 November in a debate called by the Socialist and Democrat (S & D) Group of MEPs.