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Keyword: eu

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  • 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 Greece’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...
  • Greek exit polls suggest Syriza win

    01/25/2015 9:54:02 AM PST · by Nextrush · 88 replies
    BBC News ^ | 1/25/2015 | BBC
    Exit polls suggest a historic victory for the anti-austerity Syriza party in Greece's closely fought general election. One poll suggested Syriza took 35.5% of the votes, and the other suggested it took 39.5%, well ahead of ruling New Democracy party on 23%-27%. It is unclear whether Syriza has enough votes to govern the country alone. Syriza's Alexis Tsipras has pledged to renegotiate Greece's debt arrangement with international creditors....
  • Central bank prophet fears QE warfare pushing world financial system out of control

    01/21/2015 4:46:57 PM PST · by 9thLife · 7 replies
    The Telegraph ^ | 6:48PM GMT 20 Jan 2015 | By Ambrose Evans-Pritchard, in Davos
    The economic prophet who foresaw the Lehman crisis with uncanny accuracy is even more worried about the world's financial system going into 2015. Beggar-thy-neighbour devaluations are spreading to every region. All the major central banks are stoking asset bubbles deliberately to put off the day of reckoning. This time emerging markets have been drawn into the quagmire as well... "We are in a world that is dangerously unanchored," said William White, the Swiss-based chairman of the OECD's Review Committee. "We're seeing true currency wars and everybody is doing it, and I have no idea where this is going to end."...
  • Germany repatriates more gold: Bundesbank

    01/20/2015 12:01:25 AM PST · by Olog-hai · 8 replies
    The German central bank, or Bundesbank, said Monday that it stepped up the repatriation of its gold reserves from overseas storage last year. “The Bundesbank successfully continued and further stepped up its transfers of gold,” the central bank said in a statement. “In 2014, 120 tonnes of gold were transferred to Frankfurt from storage locations abroad: 35 tonnes from Paris and 85 tonnes from New York.” Germany’s gold reserves are the second-biggest in the world after those of the United States and totaled 3,384.2 tonnes this month, according to the latest data compiled by the World Gold Council. …
  • EU calls for anti-terror alliance with Arab countries [Eurabia]

    01/19/2015 8:30:01 AM PST · by Jan_Sobieski · 6 replies
    Yahoo News ^ | 1/19/2015 | Lorne Cook
    BRUSSELS (AP) — The European Union on Monday called for an anti-terror alliance with Arab countries to boost cooperation and information-sharing in the wake of deadly attacks and arrests across Europe. EU foreign policy chief Federica Mogherini said Monday that "we need an alliance. We need to strengthen our way of cooperating together."...
  • Putin Cuts Off Gas Supply To Six European Countries Without Warning

    01/18/2015 2:50:54 PM PST · by dila813 · 105 replies
    Forbes ^ | 1/18/2015 @ 4:03PM | Paul Gregory
    On January 14, Vladimir Putin ordered Russia’s natural gas monopoly, Gazprom, to cut back by 60% the natural gas delivered to Europe through Ukraine. His ostensible reason: Ukraine was illegally siphoning off gas for its own use—a charge Ukraine denies. Overall Europe depends on Russia for 30% of its gas supplies, and some 80% of Europe’s Russian natural gas comes via Ukraine. Putin’s order would leave six countries in eastern and southeastern Europe totally without gas.
  • Never again: Jewish group petitions EU to allow Jews to carry guns

    01/15/2015 7:24:42 AM PST · by SeekAndFind · 30 replies
    American Thinker ^ | 01/15/2015 | Rick Moran
    Notoriously anti-gun Europe will probably turn down this request from the European Jewish Association to allow members of their community to carry firearms to defend themselves. But what does it say about the plight of Jews in Europe that they would feel compelled to ask? Washington Free Beacon: The European Jewish Association (EJA), which represents Jewish communities across Europe, says that gun license laws must be altered following a string of deadly attacks on Jews in France and other European countries, where anti-Semitism has been growing at an alarming rate. The recent attacks, including one on a Kosher market...
  • [Six+ years old story] Europe plunged into energy crisis as Russia cuts off gas supply via Ukraine

    01/14/2015 11:51:40 PM PST · by tcrlaf · 130 replies
    Daily Mail ^ | circa 2009 or before | Robert Lea
    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...
  • It's Carnage-Swiss Franc Soars Most Ever After SNB Abandons EURCHF Floor-Macro Hedge Funds Crushed

    01/15/2015 5:13:21 AM PST · by tcrlaf · 15 replies
    Zerohedge ^ | 1-15-2015 | Durden
    "As if millions of macro hedge funds suddenly cried out in terror and were suddenly silenced" Over two decades ago, George Soros took on the Bank of England, and won. Just before lunch local time, the Swiss National Bank took on virtually every single macro hedge fund, the vast majority of which were short the Swiss Franc and crushed them, when it announced, first, that it would go further into NIRP, pushing its interest rate on deposit balances even more negative from -0.25% to -0.75%, a move which in itself would have been unprecedented and, second, announcing that the 1.20...
  • Gazprom warns EU to link to Turkey pipeline or lose Russian gas

    01/14/2015 2:39:16 PM PST · by Jan_Sobieski · 13 replies
    Yahoo News ^ | 1/14/2015 | AFP
    Moscow (AFP) - 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. Gazprom chief Alexei Miller reminded the new European Commissioner for Energy Union, Maros Sefcovic that the South Stream project to deliver gas to Europe through Ukraine has been scrapped. Hence, "the Turkish Stream is the only route along which 63 billion cubic metres of Russian gas can be supplied, which at present transit Ukraine. There are no other options," he said...
  • Russia's Downgrade Paints A Horrific Picture Of Economic Collapse

    01/09/2015 6:09:24 PM PST · by blam · 50 replies
    The Telegraph (UK) - BI ^ | 1-9-2015 | The Telegraph (UK)
    The Telegraph (UK) January 9, 2015 Fitch has downgraded Russia's credit rating and painted a horrific picture of a struggling economy rocked by a collapsing rouble, falling oil prices, high inflation and declining international reserves. The ratings agency cut the country to BBB- from BBB with a negative outlook, meaning further downgrades are possible. But it was the language Fitch used in its reasoning that was most shocking. Russia's economic outlook "has deteriorated significantly" in just six months, Fitch stated. Gross Domestic Product will shrink 4pc this year, the agency added, far worse than the 1.5pc contraction it previously expected....
  • Soros urges giving Ukraine $50 billion of aid to foil Russia

    01/08/2015 11:19:17 AM PST · by opentalk · 34 replies
    Reuters UK ^ | January 8, 2015
    Reuters) - Billionaire financier George Soros has urged the West to step up aid to Ukraine, outlining steps towards a $50 billion (33.22 billion pounds) financing package that he said should be viewed as a bulwark against an increasingly aggressive Russia.Writing in the New York Review of Books, Soros said Europe and the United States needed to balance sanctions imposed on Russia with large-scale assistance to near-bankrupt Ukraine, which risks defaulting on debt as a result of turmoil caused by pro-Russia separatist fighting.
  • DEFLATION IS HERE

    01/07/2015 5:55:13 AM PST · by blam · 31 replies
    BI ^ | 1-7-2015 | Mike Bird
    Mike Bird January 7, 2015 After a year of anticipation, deflation has finally arrived in Europe. Consumer prices dropped 0.2% in the year to December. The consensus was that inflation would drop to about zero or -0.1%. Inflation in Germany, Europe's healthiest large economy, is at just 0.1%. Spain has already recorded months of deflation, and its consumer prices fell 1.1% in December from the same time last year. With oil prices still tumbling, it's clear that falling consumer price inflation still has further to go. Nobody is disputing what pushed inflation over the zero mark. It's the decline in...
  • Jeb Bush on gay marriage: Couples making lifetime commitments to each other deserve respect

    01/06/2015 1:09:50 PM PST · by 2ndDivisionVet · 157 replies
    Hot Air ^ | January 6, 2015 | Allahpundit
    Not so much respect that the state should recognize their commitment as a legal marriage, he stresses, but respect nonetheless. “We live in a democracy, and regardless of our disagreements, we have to respect the rule of law,” Mr. Bush said in a statement. “I hope that we can show respect for the good people on all sides of the gay and lesbian marriage issue – including couples making lifetime commitments to each other who are seeking greater legal protections and those of us who believe marriage is a sacrament and want to safeguard religious liberty.”… Gay rights leaders said...
  • EU farce: Now Brussels bureaucrats kill off Sunday roast with new green rules for ovens

    01/05/2015 3:46:16 PM PST · by lowbridge · 23 replies
    www.express.co.uk ^ | january 5, 2015 | anil dawar
    A diktat from EU chiefs will impose power limits on all new cookers as a way of saving energy. The unelected officials say they will save people up to Ł32 a year, but critics fear ovens will take longer to heat and render traditional recipes useless. The ruling will require new energy efficiency requirements for ovens, hobs and range hoods by next month. More rules to be brought in on February 26 for electric and gas ovens will limit cavity size and wattage. But retailers will still be able to sell existing models, which could prompt a shopping frenzy as...
  • EU calls euro membership ‘irrevocable’ but renegotiable

    01/05/2015 7:28:29 AM PST · by Olog-hai · 14 replies
    Associated Press ^ | Jan 5, 2015 10:25 AM EST | Raf Casert
    The European Union’s executive Commission said Monday that membership in the euro bloc is “irrevocable” but left it open to what extent Greece could renegotiate the terms after elections on Jan. 25. Greece’s left-wing Syriza party leads the polls ahead of the elections and is in favor of changing the conditions of the country’s international bailout deal. That would likely anger the rest of the eurozone, which has given Athens the bulk of the rescue loans. […] EU spokeswoman Annika Breidthardt said Monday that if the Greek elections call for a need to reconsider the conditions of Athens’ membership within...
  • Germany: Imposing Additional Sanctions On Russia Might Plunge The Country Into Chaos

    01/05/2015 4:09:41 AM PST · by blam · 26 replies
    BI ^ | 1-5-2015 | AFP
    Frankfurt (AFP) - Tougher sanctions may destabilise the situation further in Russia and plunge the country into chaos, German deputy chancellor Sigmar Gabriel warned in a newspaper interview on Sunday. "The goal was never to push Russia politically and economically into chaos," Gabriel told the Bild am Sonntag. "Whoever wants that will provoke a much more dangerous situation for all of us in Europe," he said, pointing out that Russia was a nuclear power. The aim of the sanctions imposed against Russia so far was to steer the country back to the negotiating table. "Those who want to destabilise Russia...
  • Russia Is Building A New High Speed Train That Will Travel From Moscow To Beijing In Just 48 Hours

    01/04/2015 5:23:50 PM PST · by blam · 68 replies
    BI ^ | 1-4-2015 | Stefano Pozzebon
    Stefano Pozzebon December 31, 2014 Russia plans to build a new high speed railway, with trains that would speed from Moscow to Beijing in just 48 hours. At the moment, it takes about seven days to commute between the two cities and the route requires changes. According to Romanian website Glasul, the Kremlin has awarded the project to China Railway High-speed (CRH), a subsidiary of the state-controlled China Railway (CR), which is working in a joint-venture with the local firm Uralvagonzavod. CR is famous in the train industry for operating the world's only magnetic levitation train in an urban area,...
  • Angela Merkel attacks 'prejudice' and 'hatred' of German Islamisation marches

    01/02/2015 7:43:04 AM PST · by SoFloFreeper · 79 replies
    UK TELEGRAPH ^ | 12/31/14 | Andrew Marszal
    ...Merkel, the German chancellor, has used her New Year’s Eve address to launch a scathing attack on the country’s growing anti-Muslim protests, calling its leaders racists who are driven by hatred. In a televised message due to be broadcast tonight, Mrs Merkel urged Germans to turn their backs on demonstrations that have seen up to 17,000 people gather each Monday in the eastern city of Dresden to protest against the “Islamisation of the West”. Speaking to those considering joining the protests, she said: “Do not follow those who have called the rallies. Because all too often they have prejudice, coldness,...
  • Lithuania joins euro as tensions with neighboring Russia rise

    01/01/2015 1:29:48 AM PST · by Berlin_Freeper · 21 replies
    reuters.com ^ | Dec 31, 2014 | Andrius Sytas
    Lithuania joined the euro zone at the stroke of midnight on Thursday, hoping to anchor itself in Europe as its former master Russia flexes its military muscle in the region. The first Soviet republic to declare independence, in 1990, Lithuania is the last of the three Baltic states to join the currency union and will be the last country to do so for the foreseeable future, with remaining European Union members at least two years, and probably much more, away. "Myself, and I think, many of you feel sad that (Lithuania's currency) the litas, which has served us well for...
  • EU Calls for Peace Talks After PA Fails at UN

    12/30/2014 10:30:49 PM PST · by Eleutheria5 · 15 replies
    Arutz Sheva ^ | 31/12/14
    The European Union’s (EU) foreign policy chief, Federica Mogherini, said Tuesday's vote at the United Nations (UN) Security Council on Palestinian statehood underlined the need for Israel and the Palestinian Authority (PA) to urgently resume peace negotiations. The Security Council failed to adopt an Arab-backed resolution that would have paved the way to a Palestinian state, setting a 12-month deadline for Israel to reach a final peace deal with the PA and calling for a full Israeli withdrawal from Judea and Samaria by the end of 2017. The vote "underlines once again the urgency of resuming meaningful negotiations between the...
  • Putin Is Mentally Unhinged

    12/27/2014 6:12:17 AM PST · by Kaslin · 98 replies
    Townhall.com ^ | December 27, 2014 | Mark Nuckols
    In his annual year end press conference, Russian President Vladimir Putin showed beyond the shadow of a doubt that he is in fact mentally unhinged. For three hours, by turns he demonstrated signs of schizophrenic paranoia, pathological dishonesty, deep seated passive-aggressive tendencies, woeful ignorance of world affairs and economics, and delusional confidence in Russia’s future prospects. Putin evokes the national self-image of the Russian bear. Putin’s bear is a natural hunter contentedly chasing pigs and boars, but otherwise minding his own business in his own sovereign forest. But somebody wants this bear to have a makeover, and to give up...
  • Nuland: ‘Toxic Cocktail’ Hitting Russia as State Dept. Preparing More Support for Ukraine

    12/27/2014 7:19:20 AM PST · by opentalk · 22 replies
    PJ Media ^ | December 23, 2014 | NICHOLAS BALLASY
    Victoria Nuland, U.S. secretary of state for European and Eurasian affairs, said the U.S. has been internally preparing more financial support to Ukraine.“Senior IMF leadership was in Ukraine this week issuing a public validation of the reform program going forward but also confirming that the program agreed last year is going to need a significant adjustment – that there is a fiscal hole to the tune of $10-15 billion,” Nuland said at the American Enterprise Institute during a discussion examining the Ukrainian revolution one year later.“We expect that the IMF and the World Bank will have to increase their support...
  • PM’s harsh reaction to EU initiatives may come back to haunt him

    12/23/2014 3:07:24 PM PST · by Eleutheria5 · 8 replies
    Times of Israel ^ | 19/12/14 | Raphael Ahren
    When it became clear earlier this month that Israel was headed for early elections, some international policymakers were undecided as to whether to maintain their push for an Israeli-Palestinian agreement or take a hiatus of three-plus months. Some European officials figured that it wouldn’t make much sense to press ahead until Israel had a new government with a fresh mandate from the people to take the decisions required for an accord. Overt pressure on Jerusalem in the course of the campaign would also likely help the right-wing parties, these officials calculated, and they consequently urged their governments to refrain from...
  • Ukraine takes historic step toward NATO

    12/23/2014 8:39:40 AM PST · by KOZ. · 51 replies
    AFP via Yahoo ^ | 12/23/2014 | Dmitry Zaks
    Kiev (AFP) - Ukraine took a historic step toward NATO on Tuesday in a parliamentary vote that stoked Russia's anger ahead of talks on ending the ex-Soviet state's separatist war. Lawmakers in the government-controlled chamber overwhelmingly adopted a bill dropping Ukraine's non-aligned status -- a classification given to states such as Switzerland that refuse to join military alliances and thus play no part in wars. President Petro Poroshenko had vowed to put Ukraine under Western military protection after winning an election called in the wake of the February ouster in Kiev of a Moscow-backed president. "Ukraine's fight for its independence,...
  • Israel suffers sharp rebuffs from Europe

    12/17/2014 11:03:08 AM PST · by Olog-hai · 19 replies
    Associated Press ^ | Dec 17, 2014 12:34 PM EST | John-Thor Dahlburg and John Heilprin
    Israel suffered back-to-back diplomatic setbacks in Europe on Wednesday as Palestinians headed to the United Nations to try to set a two-year deadline for an Israeli withdrawal. In Geneva, the international community delivered a stinging rebuke to Israel’s settlement construction in the West Bank and east Jerusalem, saying the practice violates Israel’s responsibilities as an occupying power. The declaration adopted by the conference of the Fourth Geneva Convention, which governs the rules of war and military occupation, emphasized a prohibition on colonizing occupied land and insisted that international humanitarian law be obeyed in areas affected by the conflict between Israel...
  • Juncker warns Cameron against scapegoating eastern Europeans

    12/12/2014 3:55:29 PM PST · by Berlin_Freeper · 6 replies
    theguardian.com ^ | 12 December 2014 | Ian Traynor
    The head of the EU executive has delivered a scathing denunciation of David Cameron’s proposals to curb the rights of Europeans working in Britain, suggesting the British are stigmatising and “beating up” poorer east Europeans working legally in the UK. In his first comments on the prime minister’s initiative, Jean-Claude Juncker, the new president of the European commission, insisted the principle of free movement for labour in the EU meant there could be no discrimination against any EU countries.
  • What Could Go Wrong? Communists Return To Power In East German State

    12/08/2014 12:58:07 AM PST · by wetphoenix · 23 replies
    The Daily Caller via Yahoo! ^ | December 6, 2014 4:18 PM
    A left-wing party with communist roots now controls the levers of government in the German state of Thuringia, marking the first time a political party closely linked to East Germany’s communist leadership has gained power since German reunification in 1990. The party is, appropriately enough, the Left Party, reports The Telegraph. This week, the state parliament in Thuringia narrowly voted to authorize a new coalition with the Left Party at the helm. The three-way coalition also includes the Green Party. The Left Party is viewed as the successor to the Socialist Unity Party which controlled East Germany when it was...
  • ECB paralyzed by split as irreversible deflation trap draws closer

    12/05/2014 6:07:09 PM PST · by Lorianne · 8 replies
    Telegraph (UK) ^ | Ambrose Evans Pritchard
    The European Central Bank has dashed hopes for quantitative easing this year and acknowledged for the first time that the institution’s elite board is split on plans for a €1 trillion liquidity blitz. Equity markets fell across southern Europe,with Italy’s MIB off 2.77pc, led by sharp falls in bank stocks. Spain’s IBEX dropped 2.35pc. The euro surged by more than 1pc to $1.2455 against the dollar in early trading as speculators rushed to cover short positions. Expectations for immediate stimulus had been riding high after the ECB’s president, Mario Draghi, pledged action “as fast as possible” last month. The bank...
  • EU court orders France to pay thousands to Somali pirates

    12/04/2014 4:39:05 PM PST · by PROCON · 30 replies
    msmnews ^ | Dec. 4, 2014 | France 24
    The EU's top human rights court on Thursday ordered France to pay thousands of euros to Somali pirates who attacked French ships for "violating their rights" by holding them an additional 48 hours before taking them before a judge. The Somali pirates were apprehended on the high seas by the French army on two separate occasions in 2008 and taken back to France for trial. The European Court of Human Rights (ECHR) said that French authorities should have brought the pirates before a judge "without delay" when they arrived on French territory after being held at sea. The EU’s top...
  • China Looks Bad, Europe Looks Worse

    12/03/2014 5:58:31 AM PST · by blam · 5 replies
    BI - Reuters ^ | 12-3-2014 | Jonathan Cable
    Jonathan Cable, Reuters December 3, 2014LONDON (Reuters) - The euro zone economy may face another contraction after business activity grew less than expected in November despite heavy discounting, surveys on Wednesday showed, although Asian readings were more upbeat. Firms across the euro zone cut prices again. That, and signs that the bloc's core economies are struggling, will concern the European Central Bank which has launched a raft of measures to revive growth and drive up dangerously low inflation. In contrast, a survey covering China's services industry showed slightly faster expansion. But after data on Monday said manufacturing growth was its...
  • EU moves eastward with Tusk taking presidency

    12/01/2014 9:52:11 PM PST · by Olog-hai · 1 replies
    Associated Press ^ | Dec 1, 2014 7:38 PM EST | Raf Casert
    Former Polish prime minister Donald Tusk is pushing the European Union’s center of political gravity eastward by taking over the EU presidency from Belgium’s Herman Van Rompuy. Monday’s transition ceremony highlighted the increasing power of Poland within the 28-nation EU, and the bloc’s ongoing shift from a western European economic association half a century ago to a strong political body uniting some 500 million people from Britain to the borders of Russia. …
  • EU says UK must dole out MORE benefits: Brussels takes legal action ...

    11/30/2014 3:26:54 AM PST · by moose07 · 40 replies
    .dailymail.co.uk ^ | 23:08, 29 November 2014 | Martin Beckford
    Britain will be forced to pay benefits to even more migrants under EU plans to be fought over in a politically explosive court case. Officials in Brussels last night confirmed that the European Commission is taking legal action to make Britain lift existing restrictions that prevent some migrants claiming child benefit and child tax credit in the UK. The news comes just days after David Cameron pledged to cut handouts in a bid to reduce soaring immigration. The case at Europe’s highest court will further anger the public and politicians who have called on the Government to tighten up Britain’s...
  • EUROPE'S PLUNGE INTO DEFLATION IS COMING

    11/28/2014 7:01:49 AM PST · by blam · 26 replies
    BI ^ | 11-28-2014 | Mike Bird
    Mike Bird November 28, 2014 Eurozone inflation figures just released put the rate at 0.3% in November, down from October's 0.4% and in line with estimates. With the recent impact of oil prices, that means deflation isn't just a possibility for the eurozone: markets are now suggesting it's the most likely outcome in a few months' time. Analysts had forecast that that the rate would come in at 0.3% again, though some suggested it could fall as low as 02% The ECB currently targets 2% inflation, but that target was last reached in the summer of 2012. These numbers increase...
  • The Clock is Ticking in Switzerland

    11/25/2014 2:01:24 PM PST · by SeekAndFind · 9 replies
    Townhall ^ | 11/25/2014 | Peter Schiff
    For most of my career in international investing, I had always placed a great deal of faith in Switzerland's financial markets. In recent years, however, as the Swiss government has sought to hitch its wagon to the flailing euro currency and kowtow increasingly to U.S.-based financial requirements, this faith has been shaken. But this week (November 30th) a referendum in Switzerland on whether its central bank will be required to hold at least 20% of its reserves in gold, will offer ordinary Swiss citizens a rare opportunity to reclaim their country's strong economic heritage. It's a vote that few outside...
  • European MP: EU Parliament Ignores Anti-Semitism

    11/23/2014 4:17:46 PM PST · by Eleutheria5
    Arutz Sheva ^ | 23/11/14 | Hillel Fendel
    European Parliament Member Bastiaan Belder of the Netherlands has urged the parliament to hold a debate on anti-Semitism. "It's a shame that this has not been done before,'' he said. Belder made his latest comments in an address at the annual conference of the European Coalition for Israel (ECI), a Christian initiative promoting European-Israeli cooperation. The session took place in the European Parliament on Thursday. Following the synagogue slaughter in Jerusalem last week, the ECI called upon the European Union to halt its funding to the PA until incitement to violence by PA leadership stops. MP Belder deplored the situation...
  • EU parliament to vote on Palestine statehood

    11/21/2014 7:33:53 PM PST · by Olog-hai · 14 replies
    EU Observer ^ | 21.11.14 @ 18:12 | Andrew Rettman
    The European Parliament will next Thursday (27 November) add its voice to the debate on whether EU states should recognize Palestine. The motion was initiated at the 11th hour by the left-wing GUE and S&D groups in the EU assembly. It is too early to say what the final text of the resolution will propose. The GUE group’s draft text “urges all EU member states … to recognize the State of Palestine on the basis of the 1967 borders with Jerusalem as the capital”. …
  • Five EU Nations Condemn Demolition of Terrorists' Homes

    11/21/2014 5:25:33 AM PST · by Eleutheria5 · 29 replies
    Arutz Sheva ^ | 21/11/14 | Ari Yashar
    Ambassadors from five major European Union (EU) member states met with the Foreign Ministry's senior diplomat Alon Ushpiz in Jerusalem on Thursday, where they voiced opposition to the demolition of the homes of Arab terrorists. Germany, France, Britain, Italy and Spain were the five countries whose consul generals argued that such demolitions, which are meant as a deterrent for future terrorists and a punishment for heinous crimes, are "counterproductive." The ambassadors also denounced the attack on a Jerusalem synagogue this Tuesday in which four Jews and a Druze police officer were murdered by two Arab terrorists, reports Haaretz citing Israeli...
  • DRAGHI: Inflation Must Rise Without Delay(the sky is falling, only inflation can save us)

    11/21/2014 1:30:29 AM PST · by TigerLikesRooster · 34 replies
    BI ^ | Nov. 21, 2014 | Mike Bird
    DRAGHI: Inflation Must Rise Without Delay Mike Bird  ï…€ European Central Bank boss Mario Draghi is speaking today at a banking conference in Frankfurt, and he has one central message: we have to bring inflation back up, now. It’s one of Draghi’s most forthright speeches, with one exceptional snippet: “It is essential to bring back inflation to target and without delay.” Draghi added: “We have to be very watchful that low inflation does not start percolating through the economy in ways that further worsen the economic situation.” You can take a look at the full text of the speech...
  • Rochester and Strood by-election results: live

    11/20/2014 8:40:23 PM PST · by gasport · 12 replies
    The Telegraph ^ | 14/11/21 | Ben Riley-Smith
    Latest 04.21 Reckless won by 2,920 votes in the end - a lead of around 8 percentage points The breakdown of votes... Ukip 16,867 Con 13,947 Lab 6,713 Green 1,692 Lib Dem 349 And the breakdown by share of votes... Ukip 42.05 per cent Con 34.77 per cent Lab 16.74 per cent Lib Dem 0.85 per cent 04.20 MARK RECKLESS WINS ROCHESTER AND STROOD BY-ELECTION 04.00 Farage hints another Tory MP is ready to jump
  • The Road to Happiness According to Federica Mogherin

    11/17/2014 1:34:52 PM PST · by Sean_Anthony · 5 replies
    Canada Free Press ^ | 11/17/14 | Alexander Maistrovoy
    Messianism of new age: The road to universal happiness lays through the creation of Palestinian State Right after taking office, Federica Mogherini, the new EU foreign minister, said she “would be happy if by the end of my term, a Palestinian state existed”. Her words exactly - “would be happy”. The solution of acute and painful conflict in Ukraine, the destruction of the ISIS, anarchy in Libya, hundreds of thousands of African migrants rushing to Italy (home of Mogherini, by the way), massacre in Syria, exodus of Christians from Middle East, stabilization of Lebanon, standing on the brink of chaos...
  • On anniversary of toppling Moscow's rule, Czechs fear back-sliding

    11/16/2014 5:48:26 PM PST · by wetphoenix · 17 replies
    Reuters ^ | Sun Nov 16, 2014 10:06am GMT | Jan Lopatka
    PRAGUE (Reuters) - Czechs who helped bring about the "Velvet Revolution" that overthrew Kremlin-backed Communist rule are marking the 25th anniversary this week by accusing the country's present-day leaders of once again cosying up to Russia.