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Keyword: eu

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  • EU Calls for Peace Talks to Resume Immediately

    05/27/2015 3:37:58 PM PDT · by Eleutheria5 · 12 replies
    Arutz Sheva ^ | 27/5/15
    EU foreign policy chief Federica Mogherini called Wednesday on Israel and the Palestinian Authority (PA) to resume peace negotiations, saying the situation on the ground was "not sustainable," according to AFP. Mogherini issued the remarks after eyewitnesses said the Israeli Air Force (IAF) carried out four strikes on terror targets in Gaza on Wednesday, hours after terrorists launched five rockets at civilians in the Jewish state. "We see the situation on the ground as not sustainable and (it is) an illusion to think the status quo is an option," Mogherini said at the opening of an annual meeting in Brussels...
  • EU countries' resistance could frustrate migrant relocation plan

    05/27/2015 12:11:47 PM PDT · by DUMBGRUNT · 5 replies
    REUTERS ^ | 27 may 15 | Adrian Croft
    A European Union plan to disperse 40,000 migrants from Italy and Greece to other member countries met with resistance on Wednesday, with Britain saying it would not participate and some eastern states calling for a voluntary scheme.
  • France and Germany agree closer eurozone ties without EU treaty change

    05/26/2015 12:42:03 AM PDT · by Berlin_Freeper · 4 replies
    theguardian.com ^ | 26 May 2015 | Ian Traynor, Frances Perraudin
    Germany and France have forged a pact to integrate the eurozone without reopening the EU’s treaties, in a blow to David Cameron’s referendum campaign. Sidestepping Britain’s demands to renegotiate the Lisbon treaty and Britain’s place in the EU, the German chancellor, Angela Merkel, and the French president, François Hollande, have sealed an agreement aimed at fashioning a tighter political union among the single-currency countries while operating within the confines of the existing treaty.
  • Greece says it will default in June without aid from lenders

    05/24/2015 3:55:41 PM PDT · by SeekAndFind · 51 replies
    Ekathimerini ^ | 05/24/2015 | Renee Maltezou & Angeliki Koutantou
    Greece cannot make an upcoming payment to the International Monetary Fund on June 5 unless foreign lenders disburse more aid, a senior ruling party lawmaker said on Wednesday, the latest warning from Athens it is on the verge of default. Prime Minister Alexis Tsipras's leftist government says it hopes to reach a cash-for-reforms deal in days, although European Union and IMF lenders are more pessimistic and say talks are moving too slowly for that. Greek officials now point to a race against the clock to clinch a deal before payments totaling about 1.5 billion euros ($1.7 billion) to the IMF...
  • Over 200,000 Greeks Apply For Humanitarian Crisis Relief

    05/19/2015 8:12:39 AM PDT · by SeekAndFind · 10 replies
    Zero Hedge ^ | 05/19/2015 | Tyler Durden
    UPDATE: Greek Default Would Mean Poverty Trap, Dijsselbloem Tells VNThe Humanitarian Crisis Relief program was one of the top priorities of the SYRIZA-Independent Greeks coalition government and it was pushed forwards despite the Troika-Institutions objections. After the EU leaders Summit end of March, EU Commission President Jean Claude Juncker had announced to release 2 billion euro to tackle the Greek humanitarian crisis. While it is not clear if Juncker sent the money or not, As KeepTalkingGreece reports, 212,897 Greeks have so far submitted requests to be part of the Humanitarian Crisis Relief Program.  The majority of the needy seek...
  • British Election: Repercussions for America

    05/14/2015 11:57:43 AM PDT · by Kaslin · 4 replies
    Townhall.com ^ | May 14, 2015 | John Browne
    The British General Election, on May 7th, was an epic in two respects. First, in spite of polls forecasting a hung parliament, David Cameron's Conservative Party was given unexpectedly large support, winning 331 seats, or 51 % for an overall majority of four, and showing once again the failure of left wing parties to make traction in Europe. Second, Nicola Sturgeon's Scottish Nationalists Party (SNP) swept the Labour Party aside in Scotland to achieve an unexpected landslide and rekindle Scottish pressure for independence and, with it, a threat to the continued cohesion of the United Kingdom. Likely there will be...
  • Conservative Voters Give Pollsters Politically Correct Answers . . . and Then They Vote

    05/10/2015 11:00:45 PM PDT · by Cincinatus' Wife · 62 replies
    National Review ^ | May 10, 2015 | John Fund
    The website of Nate Silver, the American polling expert, surveyed all of Britain’s public-opinion surveys on Election day in Britain and declared that the chance that David Cameron’s Conservatives would win a majority of seats “was vanishingly small when the polls closed — around 1 in 500.” But that is precisely what happened, leading Nate Silver to write a piece titled “The World May Have a Polling Problem.” He listed the errors that overtook “probably the four highest-profile elections of the past year, at least from the standpoint of the U.S. and U.K. media”: 1) The final polls in the...
  • Our goal is an EU army says Germany's defence chief:

    05/08/2015 1:11:33 AM PDT · by Berlin_Freeper · 13 replies
    dailymail.co.uk ^ | 4 May 2015 | Jack Doyle
    An EU army is Germany’s ‘long term goal’ according to one of its ministers. Ursula von der Leyen called for defence cooperation to be strengthened so that the continent can respond quickly to international crises.
  • E.U. Charges Russian Energy Giant Gazprom With Abusing Its Dominance

    04/22/2015 5:05:38 AM PDT · by McGruff · 4 replies
    NY Times ^ | APRIL 22, 2015 | JAMES KANTER
    European antitrust regulators on Wednesday charged the Russian energy giant Gazprom with abusing its dominance in natural gas markets, a move amounting to a direct challenge to the authorities in Moscow. The European Commission, the European Union’s executive arm, said that unfair pricing might have resulted in higher gas prices in Bulgaria, Estonia, Latvia, Lithuania and Poland, which have long been wholly or substantially dependent on Russian gas. In those countries, the commission said, Gazprom was suspected of charging wholesalers prices that were significantly higher compared with the company’s costs or to benchmark prices.
  • Breaking -EU to File Antitrust Charges Against Google

    04/14/2015 1:00:38 PM PDT · by tcrlaf · 15 replies
    Yahoo News ^ | 3-14-2015 | Valentina Pop and Tom Fairless
    Europe’s antitrust regulator has decided to file formal charges against Google Inc. for violating the bloc’s antitrust laws, a person familiar with the matter said on Tuesday, stepping up a five-year investigation that is set to become the biggest competition battle in Brussels since the European Union’s pursuit of Microsoft Corp. a decade ago. EU antitrust chief Margrethe Vestager made the decision on Tuesday in consultation with European Commission President Jean-Claude Juncker and will inform her fellow EU commissioners at a meeting on Wednesday, the person said
  • Poland to build Russia border towers at Kaliningrad

    04/08/2015 8:46:43 PM PDT · by WhiskeyX · 12 replies
    BBC ^ | 6 April 2015 | BBC
    Poland is to build observation towers along its land border with the Russian exclave of Kaliningrad, according to a Polish news agency.
  • In Russia-West tug of war, Moldova sees EU as only option

    04/08/2015 6:33:07 AM PDT · by WhiskeyX · 7 replies
    Yahoo! News ^ | 8 April 2015 | Mihaela Rodina AFP
    Chisinau (AFP) - Moldova's decision to sign key trade and political agreements with the European Union has cost it dearly, as its giant trading partner Russia swiftly punished it through an embargo strangling its farm and wine industries. Nevertheless, in the tug of war between the West and Russia, Moldova's foreign minister told AFP that there can only be one option for the former Soviet state -- EU membership.
  • Lies must be revealed: Lithuanian President on Russian propaganda

    04/07/2015 3:55:33 AM PDT · by WhiskeyX · 7 replies
    The Baltic Times ^ | 2015-03-20 | from wire reports and TBT staff
    At their meeting in Brussels, the heads of European countries will be looking for ways to combat disinformation spread by Russia. The European Council will address for the first time the influence of disinformation disseminated by Russia on EU citizens. The heads of the European Union Member States will also obligate the high representative of the union for foreign affairs and security policy to prepare a general EU strategic communication action plan to oppose the information war carried out by Russia and to ensure the security of the European public sphere. "Information security will be addressed on the initiative of...
  • Iran Nuclear Talks: "Good News" Coming

    04/02/2015 11:33:04 AM PDT · by Biggirl · 36 replies
    Breitbart.com ^ | April 2,2015 | Associated Press
    LAUSANNE, Switzerland (AP) — Iran and six world powers have agreed on the outlines of an understanding to limit Iran’s nuclear programs, negotiators indicated Thursday, as both sides prepared for announcements.
  • Iran, EU hint at breakthrough in nuclear talks

    04/02/2015 10:20:50 AM PDT · by TangledUpInBlue · 12 replies
    CNN ^ | 4/2 | Elise Labott and Jethro Mullen
    Significant agreements regarding Iran's nuclear program have been reached, according to tweets by officials ahead of a planned joint statement. "Found solution," Iranian Foreign Minister Javad Zarif tweeted. "Solutions on key parameters" reached, Iranian President Hassan Rouhani said on Twitter. The European Union's foreign policy chief, Federica Mogherini, tweeted, "Good news," regarding the talks.
  • Leave Facebook if you don't want to be spied on, warns EU

    03/27/2015 4:46:43 PM PDT · by BenLurkin · 11 replies
    GuardianUK ^ | Samuel Gibbs
    The European Commission has warned EU citizens that they should close their Facebook accounts if they want to keep information private from US security services, finding that current Safe Harbour legislation does not protect citizen’s data. The comments were made by EC attorney Bernhard Schima in a case brought by privacy campaigner Maximilian Schrems, looking at whether the data of EU citizens should be considered safe if sent to the US in a post-Snowden revelation landscape. “You might consider closing your Facebook account, if you have one,” Schima told attorney general Yves Bot in a hearing of the case at...
  • EU plans to pressure Israel as diplomat warns of 'collision course' [Netanyahu & Israel]

    03/25/2015 8:00:08 AM PDT · by Star Traveler · 7 replies
    YNetNews ^ | Wednesday, March 25, 2015 | Elior Levy
    Leaked report outlines 40 suggestions to sway Israeli policy; EU source: more chance of implementation in wake of Netanyahu rejection of Palestinian state. A European Union report obtained by Ynet on Wednesday outlines suggestions on how to pressure Israel into returning to negotiations, in a list of 40 possible decisions. An EU diplomatic source told Ynet that there was a definite chance that the recommendations in the report, which the member states have yet to approve, were more likely to be implemented following Prime Minister Benjamin Netanyahu's statement during his election campaign that a Palestinian state would not be created...
  • Leaving Kosovo: Exodus of young people as frustration soars

    03/23/2015 4:59:25 PM PDT · by Dragonfly · 13 replies
    BBC ^ | March 23, 2015 | Guy De Launey
    Leaving Kosovo: Exodus of young people as frustration soars By Guy De Launey BBC News, Kosovo 22 March 2015 From the section Europe "We are like two million birds in one cage, but we are hoping for a better life" The scene in Mitrovica's 7 Arte Cafe seems convivial enough. Fairy lights twinkle, a mixture of Albanian and English-language hits play over the sound system and the 20-somethings gathered around the tables regularly break into laughter. But the joviality papers over a grim reality for these young people. Kosovo may have unilaterally declared independence from Serbia seven years ago, but...
  • EU Planning Sanctions on Israel for 'Polarizing Jerusalem'

    03/20/2015 1:39:51 PM PDT · by Star Traveler · 54 replies
    Arutz Sheva ^ | Friday, March 20, 2015 | Elad Benari
    A new European Union (EU) report says that Jerusalem is at a “boiling point” and recommends sanctions against Israel over the “polarization” in the capital. The leaked report comes after Israeli officials said in February that EU member states were readying themselves to enforce sanctions on Israel and will strike hours after the March 17 elections. The report, obtained by the British Guardian on Friday, says that Jerusalem has reached a dangerous boiling point of “polarization and violence” not seen since the end of the second intifada in 2005. The report calls for tougher European sanctions against Israel over its...
  • The E.U. Experiment Has Failed

    03/16/2015 8:23:01 PM PDT · by annalex · 33 replies
    Hoover Institution ^ | March 5, 2015 | Bruce Thornton
    The E.U. Experiment Has Failedby Bruce ThorntonThursday, March 5, 2015 The slow-motion crisis of the European Union is the big story that rarely gets the attention it deserves. Even an event like the recent terrorist attack in France that left 17 dead is often isolated from the larger political, economic, and social problems that have long plagued the project of unifying the countries of Europe in order to harness its collective economic power, and to avoid the bloody internecine strife that stains its history. On the economic front, the E.U.’s dismal economic performance over the last six years was summed...
  • ECB Prepares For Grexit, Anticipates 95% Loss On Greek Debt

    03/18/2015 7:30:07 AM PDT · by SeekAndFind · 8 replies
    Zero Hedge ^ | 03/18/2015 | Tyler Durden
    Dear Greek readers: the writing is now on the wall, and it is in very clear 48-point, double bold, and underlined font: when the ECB "leaks" that it is modelling a Grexit, something Draghi lied about over and over in 2012 and directly in our face too, take it seriously, because it is time to start planning about what happens on "the day after." And incidentally to all those curious what the fair value of peripheral European bonds is excluding ECB backstops, the ECB has a handy back of the envelope calculation: a 95% loss. Which also is the...
  • Greek PM To Meet With Putin Amid Cash Crunch

    03/17/2015 12:23:33 PM PDT · by tcrlaf · 6 replies
    Zerohedge ^ | 3-16-2015 | Durden
    With Greece digging around in the couch cushions to try and scrape up €2 billion by Friday in order to make payments to the IMF, the ECB, and Goldman, and with celebrity FinMin Yanis Varoufakis doing his absolute best to sink the entire ship with a series of epic PR faux pas, one is left to wonder just where Athens will turn when Berlin and Brussels finally reach the end of their ropes with what increasingly looks like gross incompetence in the Aegean. We may have gotten the answer to that question today via Reuters: Greek Prime Minister Alexis Tsipras...
  • The #ALBA dawn of a new Europe (Italy)

    03/16/2015 11:27:28 AM PDT · by Lorianne · 3 replies
    “They are telling us that the European economy is in recovery because the reforms are working. And the government has been celebrating the 0.1% growth in GDP in the first quarter of 2015 as a trophy. The reality is, however, that: - since 2010, our GDP has lost 10 points; - since the beginning of the crisis about 100 thousand companies have gone bust with the loss of more than a million jobs, and out of every hundred young people, fifty are without a job. And (as we hope others will do), we can examine the state of our country...
  • Europe Has A Modest Proposal For Greece: "Don't Pay Wages For One Or Two Months"

    03/13/2015 10:24:02 AM PDT · by tcrlaf · 22 replies
    zerohedge ^ | 3-13-2015 | durden
    The Greek liquidity, pardon "cash flow" problems are so bad, not only Zero Hedge, but also Bloomberg has launched a daily maturity tracker of how much money Greece has to pay either to the IMF or to prefund T-Bill rollovers. This is what Bloomberg blasted out earlier today: Greece is preparing for another week of hurdles that ends with a ~EU2b repayment on March 20. Most economists say that it will be difficult for Greece to get past end of March without fresh EU funds. Here’s a timeline of the most important events scheduled this week: Monday, March 16: Greece...
  • Is the European Union Dying?

    03/13/2015 7:19:26 AM PDT · by Kaslin · 12 replies
    Townhall.com ^ | March 13, 2015 | Pat Buchanan
    As the European Coal and Steel Community of Jean Monnet evolved into the EU, we were told a "United States of Europe" was at hand, modeled on the USA. And other countries and continents will inevitably follow Europe's example. There will be a North American Union of the U.S., Canada and Mexico, and a Latin America Union of the Mercosur trade partnership. In an essay, "The E.U. Experiment Has Failed," Bruce Thornton of Hoover Institution makes the case that the verdict is in, the dream is dead, the EU is unraveling, One Europe is finished. Consider, first, economics. In 2013,...
  • Europe: Time for the Third Way

    03/05/2015 10:11:06 AM PST · by Jan_Sobieski · 9 replies
    The Office of Tony Blair ^ | 2/11/2015 | Tony Blair
    Europe as an entity and as an ideal is more needed than ever. The individual countries of Europe need the collective power of Europe to assert their interests, influence and values. Yet, as the impasse over Greece confirms, the continent is in crisis. Many assume that some form of compromise is in the offing. Debt can somehow be kicked down the road. The Greek government will bend; the troika of creditors — the EU, ECB and International Monetary Fund — will bend and somewhere in the middle the two will come together. I do not see it. Greece is part...
  • An Update From The Frontline on Guns & Hunting In Europe

    03/05/2015 8:06:31 AM PST · by rktman · 8 replies
    ammoland.com ^ | 3/5/2015 | Unknown
    I was in Brussels last week at a meeting of European fieldsports body, The European Federation of Associations for Hunting & Conservation (FACE), of which the Countryside Alliance is an active member. I am honoured to be FACE’s UK Chairman and to represent British sporting interests at the highest level and I can feed back some interesting points from the meeting.
  • Ireland launches initiative to lure expats home

    03/03/2015 10:09:28 PM PST · by Berlin_Freeper · 13 replies
    ft.com ^ | March 3, 2015 | Vincent Bolan
    Ireland’s prime minister has appealed to emigrants who left the country after its economic and financial crash to return home, as the government steps up efforts to woo investors and skilled expatriates and capitalise on the tentative Irish economic recovery.
  • EU seeks to reduce plastic bag usage

    03/03/2015 1:43:41 AM PST · by Olog-hai · 4 replies
    Deutsche Welle ^ | 03/02/2015 | das/jil (dpa, AP)
    The 28 EU member states gave their final approval to new rules regarding plastic bags on Monday. Member states are required to reduce the use of flimsy plastic bags by 80 percent by 2025. However, they are given a choice on how to achieve that goal. According to the new rules, EU countries are permitted to introduce extra taxes on plastic bags or even ban single-use plastic bags on a national level.Margrete Auken, a Danish Member of the European Parliament from the Green Party, pushed the new legislation through and called the approval “a historic breakthrough in tackling the pervasive...
  • Greece Suffers Biggest Bank Run In History: January Deposits Plunge To 2005 Levels

    02/26/2015 7:31:52 AM PST · by SeekAndFind · 14 replies
    Zero Hedge ^ | 02/26/2015 | Tyler Durden
    One of the biggest question marks surrounding the Greek negotiation and ultimately, bailout extension, was just how panicked was the Greek population and domestic corporations. Recall that as explained previously, the tension boiled down to this: the Troika did everything in its power to accelerate the bank run in order to crush any negotiating leverage Varoufakis may have; Greece on the other hand was desperate to make its cash drain appear far better than rumored. Moments ago the Bank of Greece presented its latest, January, deposit data. And it's a doozy: following a record €12.2 billion monthly outflow, greater...
  • How gun control is causing another European Holocaust

    02/26/2015 6:39:47 AM PST · by rktman · 2 replies
    americanthiker.com ^ | 2/26/2015 | Pedro Gonzales
    When Adolph Hitler got into power, he confiscated all the guns owned by Jewish people. Then, once they were defenseless, he sent them all to concentration camps. Now, in 2015, Jews are being slaughtered again because of their religion. And because of strict gun control laws in Europe, they are once again defenseless.
  • It’s Germany vs. Greece, And The Very Survival Of The Eurozone Is At Stake

    02/24/2015 3:17:20 PM PST · by SeekAndFind · 16 replies
    TEC ^ | 02/23/2015 | Michael Snyder
    Is this the beginning of the end for the eurozone? On Thursday, Germany rejected a Greek request for a six-month loan extension. The Germans insisted that the Greek proposal did not require the Greeks to adhere to the austerity restrictions which previous agreements had forced upon them. But Greek voters have already very clearly rejected the status quo, and the new Greek government has stated unequivocally that it will not be bound by the current bailout arrangement. So can Germany and Greece find some sort of compromise that will be acceptable to both of them? It certainly does not help...
  • Ukraine PM says cease fire non-existent, Putin on a larger mission

    02/21/2015 4:10:38 PM PST · by WhiskeyX · 6 replies
    Fox News ^ | February 21, 2015 | Fox News
    Ukrainian Prime Minister Arseniy Yatsenyuk said Saturday that his country is not on the verge of collapse and that Russian-backed separatists continue to attack Ukrainian soldiers despite a recent cease fire agreement. [....] He also repeated his plea for Western allies to supply weapons to the out-gunned Ukrainian forces. “We have to defend ourselves,” Yatsenyuk said. “Russia is constantly supplying tanks, surface-to-air missiles and the rest of the stuff. And again everyone knows this. We still use outdated Soviet-style equipment.”
  • Russia, Separatists Dismiss Ukraine Call For Peacekeepers

    02/19/2015 3:02:44 PM PST · by WhiskeyX · 9 replies
    Radio Free Europe / Radio Liberty RFE/RL ^ | Thursday, February 19, 2015 | Radio Free Europe / Radio Liberty RFE/RL
    R ussia has dismissed Ukraine's calls for UN-mandated peacekeepers to enforce a shaky cease-fire deal in the country's east. Foreign Ministry spokesman Aleksandr Lukashevich said on February 19 that the truce agreement signed in Minsk last week should remain the basis for the conflict's resolution. He also said Kyiv was responsible for making sure the accords were carried out. Ukraine called for peacekeepers to enforce the cease-fire after government troops withdrew from the strategic town of Debaltseve following intense fighting against Russian-backed separatists. President Petro Poroshenko's request was approved by Ukraine's National Security and Defense Council at an emergency meeting...
  • European Union Causes Peace Process And Quartet Meltdown

    02/16/2015 5:16:07 PM PST · by Sean_Anthony · 3 replies
    Canada Free Press ^ | 02/16/15 | David Singer
    Quartet has been totally compromised--the peace process and its intricate negotiating structure irretrievably ended. Back to the drawing board for yet another new proposal Revelations that the European Union (EU) has been acting illegally in funding and facilitating the construction of more than 400 unauthorised buildings in areas in the West Bank (Judea and Samaria) under exclusive Israeli control—signals the end of: negotiations between Israel and the Palestine Liberation Organisation under the 1993 Oslo Accords and the 2003 Bush Roadmap and the role of the Quartet - America, Russia, the United Nations and the European Union - as mediator in...
  • German Economy Picks Up Speed, Grows by 0.7 Percent in Q4

    02/15/2015 1:38:45 PM PST · by Berlin_Freeper · 8 replies
    nytimes.com ^ | FEB. 13, 2015 | ASSOCIATED PRESS
    ...The latest growth figure offers "a clear sign that lower oil prices have found their way into consumers' pockets," ING-DiBa economist Carsten Brzeski said. Germany "looks set to continue surfing on a wave of economic well-being," he said, with low unemployment, wage increases, low energy prices and low interest rates encouraging spending. "At the same time, the weak euro will definitely benefit German exports."
  • Tomorrow Greece Decides: Europe... Or Russia

    02/10/2015 1:33:52 PM PST · by Enlightened1 · 31 replies
    Zero Hedge ^ | 2/10/15 | Tyler Durden
    Greek Defence Minister Panos Kammenos said that if Greece failed to get a new debt agreement with the euro zone, it could always look elsewhere for help. "What we want is a deal. But if there is no deal - hopefully (there will be) - and if we see that Germany remains rigid and wants to blow apart Europe, then we have the obligation to go to Plan B. Plan B is to get funding from another source," he told Greek television show that ran in to early Tuesday. "It could the United States at best, it could be Russia,...
  • Greece warns euro could collapse like house of cards

    02/09/2015 11:25:52 AM PST · by tcrlaf · 21 replies
    AFP ^ | 2-9-2015 | AFP
    A Greek exit from the euro would see the euro collapse like a house of cards, Finance Minister Yanis Varoufakis warned in comments that triggered a spat with Italy. "Greece's exit from the euro is not something that is part of our plans, simply because we believe it is like building a house of cards. If you take out the Greek card, the others will collapse," Varoufakis said in an interview with Italian public broadcaster RAI that was aired on Sunday. Varoufakis also incurred the wrath of his Italian counterpart Pier Carlo Padoan by comparing Italy's problem with its large...
  • UKRAINE: Russia, EU Leaders Agree to Work on Ukraine Cease-fire

    02/06/2015 7:48:29 PM PST · by UMCRevMom@aol.com · 8 replies
    The leaders of France, Germany, and Russia have failed to reach a breakthrough peace deal on Ukraine during talks in Moscow. But they agreed to work on a shaky September cease-fire. The agreement came a day after the European leaders met Ukraine's President Petro Poroshenko in Kyiv and follows a renewed assault by Russia-backed rebels. Ukrainians are hopeful for a lasting peace though many remain skeptical. A Kremlin spokesman described Ukraine peace talks Friday between French President Francois Hollande, German Chancellor Angela Merkel, and Russian President Vladimir Putin as constructive and substantive. Dmitry Peskov indicated no new deal was reached...
  • Greece turmoil sees bank shares fall 28%... as minister warns Germans over rise of Athens' neo-Nazis

    02/06/2015 6:36:09 AM PST · by C19fan · 10 replies
    UK Daily Mail ^ | February 5, 2015 | James Chapman and Laurie Hanna
    Shares in Greek banks crashed by more than a quarter yesterday as Athens urged Berlin not to go on humiliating a ‘proud nation’. Yanis Varoufakis, Greece’s new finance minister, issued an extraordinary defiant statement invoking the rise of the Nazis when Germany was crippled by debts between the wars. After a tense meeting with his German counterpart in Berlin, Wolfgang Schaeuble, he declared: ‘We didn’t even agree to disagree.’
  • ECB Pulls The Trigger: Blocks Funding To Greece - Full Statement

    02/04/2015 1:17:23 PM PST · by tcrlaf · 22 replies
    Zerohedge ^ | 1-4-2015 | Durden
    Just what the market had hoped would not happen... *ECB SAYS IT LIFTS WAIVER ON GREEK GOVERNMENT DEBT AS COLLATERAL *ECB SAYS IT CAN'T ASSUME SUCCESSFUL CONCLUSION OF GREECE REVIEW What this means simply is that since Greek banks are now unable to pledge Greek bonds as collateral and fund themselves, and liquidity is about to evaporate, the ECB has just given a green light for Greek bank runs... and all the worst parts of the bible (or merely a negotiating move to let Greece see just what kind of chaos this will create). And now finally, after many years...
  • SPANISH RADICAL LEFT PARTY GETS BOOST WITH HUGE MADRID RALLY

    01/31/2015 9:10:31 AM PST · by C19fan · 15 replies
    AP ^ | January 31, 2015 | Harold Heckle and Jorge Sainz
    Hundreds of thousands of people marched through Madrid on Saturday in a show of strength by a fledgling radical leftist party, which hopes to emulate the success of Greece's Syriza party in the Spanish general election later this year. Podemos supporters from across Spain converged around the Cibeles fountain Saturday before packing the avenue leading to Puerta del Sol square in what was the party's largest rally to date.
  • Greece says will not cooperate with troika or seek aid extension

    01/30/2015 11:48:58 AM PST · by tcrlaf · 16 replies
    cnbc ^ | 1-30-2015 | Reuters
    Greece's government will not cooperate with the EU and IMF mission bankrolling the country and will not seek an extension to the bailout program, its finance minister said on Friday. Jeroen Dijsselbloem, head of the euro zone finance ministers' group who is in Athens for talks with the new government, said the two sides would decide what would happen next before the program ends on Feb. 28.
  • Greece says No to EU statement on Russia

    01/27/2015 12:12:22 PM PST · by tcrlaf · 20 replies
    EUObserver ^ | 1-27-2015 | Andrew Rettman
    he new far-left government in Greece dropped a bombshell on its first day in office by abjuring an EU statement on Russia. It said in a press communique on Tuesday (27 January): “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”. It added that its new PM, Alexis Tsipras, expressed “discontent” in a phone call to EU foreign relations chief Federica Mogherini. The EU statement on Russia, published on Tuesday morning,...
  • This Is The Beginning Of The End For The Euro

    01/27/2015 10:23:22 AM PST · by SeekAndFind · 21 replies
    TEC ^ | 01/27/2015 | Michael Snyder
    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...
  • Greece’s new anti-austerity government set on collision course with Brussels

    01/26/2015 12:57:20 PM PST · by tcrlaf · 51 replies
    UK Gaurdian ^ | 1-26-2015 | Helena Smith in Athens, Julian Borger in Brussels and Katie Allen in London
    Greek radicals sought on Monday to redraw the political map of Europe, forming a coalition government of left and right, united only by their desire to defy the European financial establishment and shrug off the constraints of austerity. The coalition, led by 40-year-old Alexis Tsipras, was expected to dispatch its new finance minister to Brussels in the next few days to seek a fundamental renegotiation of Greece’s economic bailout package, vowing that “the end of humiliation has come”. Tsipras and his Syriza party have promised to replace the austerity programmes imposed by Greece’s international creditors with policies aimed at helping...
  • Syriza Trounces New Democracy; Greeks Stop Paying Taxes; Run on Greek Banks Escalates; Get Out!

    01/26/2015 8:11:29 AM PST · by Kaslin · 40 replies
    Townhall.com ^ | January 26, 2015 | Mike Shedlock
    As late as yesterday I read numerous mainstream media reports that Syriza would win by three to five percent and would need to form an unstable coalition to rule. In contrast, here was my January 19 prediction (and rationale): Expect a Blowout Win by Syriza in Greece. Syriza Trounces New Democracy The final votes are not counted, but exit polls show a blowout, with incumbent party New Democracy going down in flames. The Wall Street Journal reports GreeceÂ’s Radical Leftist Syriza Party Poised to Win Election, Exit Polls Say. Syriza appeared set to win between 35.5% and 39.5% of the...
  • Syriza and Independent Greeks agree Greece coalition

    01/26/2015 6:44:33 AM PST · by Nextrush · 40 replies
    BBC News ^ | 1/26/2015 | BBC
    The far-left Syriza party, the winner of Greece's election, has formed an anti-austerity coalition with a right-wing party, the Greek Independents. Syriza leader Alexis Tsipras has taken the oath of office as the new prime minister. He has vowed to renegotiate Greece's bailout, worth 240 bn euros (179 bn pounds, $268 bn). European Commission head Jean-Claude Juncker congratulated Mr. Tsipras while reminding him of the challenge of "ensuring fiscal responsibility.".......... With nearly all of the votes counted in Sunday's poll, Syriza looks set to have 149 seats, just two short of an absolute majority. The Greek Independents are projected to...
  • GREEK ELECTION UPDATE: LEFTIST SYRIZA AND CONSERVATIVE INDEPENDENT GREEKS WILL FORM COALITION

    01/25/2015 10:51:40 PM PST · by Nextrush · 21 replies
    1/26/2015 | Self
    The vote totals are still being finalized but the latest show the SYRIZA Party at 150 of the 300 seats in the Greek parliament with 36.3 percent of the vote. This is one vote short of an overall majority but multiple media sources including "The Wall Street Journal" are reporting that the conservative Independent Greeks, who broke away from the New Democracy (Republican type) Party in 2011 and are firmly against the EU austerity program will join up to stablilize the government. The Independent Greeks (ANEL) won 4.7 percent of the popular vote and 13 seats. The SYRIZA-ANEL alliance would...
  • Barack Obama threatens Vladimir Putin over perceived Russia aggression against Ukraine

    01/25/2015 3:04:36 PM PST · by traumer · 78 replies
    The US President vowed to “ratchet up pressure on Russia” amid fears the fighting in eastern Europe is worsening by the day. Barack Obama today threatened to use all measures - short of military action - to force Vladimir Putin to back down over the Ukraine crisis. He vowed to “ratchet up pressure on Russia” amid fears the fighting in eastern Europe is worsening by the day. He also warned Putin was “hell-bent on engaging in military conflicts” regardless of the damage it caused to Russians with its sanctions-hit economy nosediving into recession. The US leader spoke out in India...