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Keyword: eu

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  • Over 260,000 Austrians sign petition on EU exit

    07/02/2015 7:18:55 PM PDT · by aMorePerfectUnion · 14 replies
    PressTV ^ | 7-2-15
    More than 260,000 people in Austria have signed a petition urging the Austrian government to leave the European Union (EU). According to reports on Thursday, as many as 261,159 Austrians signed the petition. The number in total represents 4.12 percent of the country's electorate. Since under the country's regulations the threshold for calling a debate on a potential referendum is 100,000 people, the Austrian parliament must discuss a referendum on leaving the EU. The call for leaving the EU was most popular in the regions of Lower Austria and in Carinthia where 5.18 percent and 4.85 percent of potential voters,...
  • Opinion: Europe’s war on Greek democracy

    06/29/2015 3:05:24 PM PDT · by Hojczyk · 15 replies
    Market Watch ^ | June 29,2015 | Joseph E. Stiglitz
    In fact, European leaders are finally beginning to reveal the true nature of the ongoing debt dispute, and the answer is not pleasant: it is about power and democracy much more than money and economics. Of course, the economics behind the program that the “troika” (the European Commission, the European Central Bank, and the International Monetary Fund) foisted on Greece five years ago has been abysmal, resulting in a 25% decline in the country’s gross domestic product. I can think of no depression, ever, that has been so deliberate and had such catastrophic consequences: Greece’s rate of youth unemployment, for...
  • Greece to Default on $1.73 Billion IMF Payment

    06/29/2015 10:37:02 AM PDT · by catnipman · 70 replies
    wall street journal ^ | 6/29/2015 | Gabriele Steinhauser and Nektaria Stamouli
    ... Greek Prime Minister Alexis Tsipras spoke by phone with Mr. Juncker and European Parliament President Martin Schulz and asked for help getting an extension to the bailout, a Greek government official said. “The Greek prime minister [Tsipras]expressed the position that the democratic expression of the Greek people is hindered by the closure of banks, which doesn’t apply with the democratic tradition of Europe,” the official said. ... Mr. Tsipras and his government are calling on Greeks to vote “no” to send a signal to Europe and the IMF
  • The sooner Greece defaults and dumps the Euro the better

    06/28/2015 6:46:15 PM PDT · by Tolerance Sucks Rocks · 17 replies
    The Washington Times ^ | June 26, 2015 | Peter Morici
    <p>Greece and its principal creditors—the European Union, European Central Bank and International Monetary Fund—should acknowledge that Athens will never be able to repay the €131 billion it owes, write down its debt and let the Aegean nation exit the euro gracefully.</p>
  • Greek banks 'to stay shut on Monday'

    06/28/2015 10:10:25 AM PDT · by tcrlaf · 144 replies
    BBC News ^ | 6-28-2015 | BBC News
    Greece banks to stay closed on Monday, Piraeus Bank chief says, after emergency meeting in Athens This breaking news story is being updated and more details will be published shortly
  • Ballot Language of Greek Plebiscite on EU "Deal"

    06/28/2015 1:12:17 PM PDT · by catnipman · 8 replies
    Various ^ | 6/28/2015 | self
    Obtained from various sources: Greece’s referendum question will apparently read as follows: “Greek people are hereby asked to decide whether they accept a draft agreement document submitted by the European Commission, the European Central Bank and the International Monetary Fund, at the Eurogroup meeting held on on June 25 and which consists of two documents: ‘‘The first document is called Reforms for the Completion of the Current Program and Beyond and the second document is called Preliminary Debt Sustainability Analysis. ‘‘- Those citizens who reject the institutions’ proposal vote Not Approved / NO ‘‘- Those citizens who accept the institutions’...
  • Across spectrum, German leaders condemn Greece's rejection of EU deal

    06/28/2015 12:16:36 PM PDT · by Berlin_Freeper · 46 replies
    reuters.com ^ | Jun 29, 2015 | reuters
    German leaders right and left unleashed a barrage of criticism at Greece Prime Minister Alexis Tsipras on Sunday for rejecting an offer that could have unlocked rescue funds to resolve the debt crisis. Chancellor Angela Merkel's allies and the leaders of her centre-left coalition partners condemned Greece's leftist government, reflecting pent-up public frustration. Germany is the biggest European contributor to the bailout programmes that have kept Greece afloat for the past five years. Opinion polls now show a majority of Germans want Greece to leave the euro zone.
  • Greece debt crisis: ECB 'to end' bank emergency lending

    06/28/2015 4:54:27 AM PDT · by GunningForTheBuddha · 4 replies
    BBC News ^ | 6/28/2015
    The European Central Bank is expected to end emergency lending to Greece's banks on Sunday, the BBC understands.Well-placed sources told BBC economics editor Robert Peston a decision to end the Emergency Liquidity Assistance (ELA) would be made by the ECB's governing council later on Sunday.Greek banks depend on ELA.Cutting the lifeline could push Greece out of the euro. Some analysts have tweeted that the ECB is likely to cap, but not end, the ELA.
  • Eurozone ministers reject Greek bailout extension: sources

    06/27/2015 8:25:22 AM PDT · by Enlightened1 · 13 replies
    urozone finance ministers refused Saturday to extend Greece's bailout programme past June 30 after Athens called a referendum on reform proposals by creditors, sources told AFP. The ministers "rejected an extension of the aid programme" at a meeting in Brussels, hours after Greek Prime Minister Alexis Tsipras called the plebiscite on the bailout proposal for July 5.
  • The Queen hints at desire for Britain to remain in European Union

    06/25/2015 1:13:36 PM PDT · by Berlin_Freeper · 26 replies
    theguardian.com ^ | 24 June 2015 | Kate Connolly
    Her speech, weaving historical events with present crises, was replete with some subtle and other not so subtle hints that she believed Britain belonged in the European Union – her most public stance yet that she wished to avoid Britain voting to leave in a referendum.
  • Running Out Of Cash, Greece Returns To Coal

    06/23/2015 9:36:23 AM PDT · by george76 · 12 replies
    Canada Free Press ^ | June 22, 2015 | Dr. Benny Peiser
    Greece’s energy minister Lafazanis said that [the coal-fired power plant] Ptolemaida V is required since renewable power plants are intermittent and endanger the country’s energy security. In May, Lafazanis sent a letter to the European Commission asking permission to operate the Ptolemaida III, a separate coal plant that is shut down due to its very old technology that pollutes the environment enormously. One of Lafazanis arguments was “the economic crisis in Greece, which makes the need for keeping the cost of energy for households’ heating as low as possible.”—.. Poland’s leading opposition party is seeking to negotiate exemptions from the...
  • Far-right surges in Croatia as EU disappointment spreads

    06/23/2015 9:45:21 AM PDT · by Ravnagora · 4 replies
    Yahoo News/AP ^ | June 23, 2015 | DUSAN STOJANOVIC and DARKO BANDIC
    ZAGREB, Croatia (AP) — It was one of the biggest nights in Croatia's sporting calendar: a European Championship soccer qualifying match with Italy. Seconds after kick-off in a game beamed around the world, a gigantic swastika materialized on the pitch under the shocked gaze of European soccer officials. The swastika, sprayed by an unknown vandal with a chemical that became visible only when floodlights went on to start the game, has become the most potent symbol of a rise in ultra-nationalist sentiment that appears to be bleeding into the mainstream population in the European Union's newest member state. But it's...
  • Britain needs to get a better deal from Brussels or leave the European Union, major new study argues

    06/21/2015 5:29:30 PM PDT · by NRx · 3 replies
    The Telegraph ^ | 06-21-2015 | James Kirkup
    David Cameron should lead Britain out of the EU if he is unable to secure a veto for the UK over European laws, win back control over employment rules and permanently protect the City from Eurozone regulations, a group of business leaders and economists has said. Unless the Prime Minister can achieve a fundamental change in Britain’s relationship with Brussels, the country’s households and businesses will be better off if the UK ops to leave the EU, the report concludes. The study, entitled Change, or Go, is the most detailed, fact based report produced to date on the UK's membership...
  • Putin: Russian pipeline project to help Greece pay its debt

    06/20/2015 5:29:04 AM PDT · by sheikdetailfeather · 13 replies
    AP ^ | 6-20-2015 | SANDY MACINTYRE and NATALIYA VASILYEVA
    ST. PETERSBURG, Russia (AP) -- Russian President Vladimir Putin said after Friday's talks with Greek Prime Minister Alexis Tsipras that a prospective Russian natural gas pipeline should help Greece service its debt, but the Kremlin said the question of direct Russian financial aid to Greece was not discussed. Speaking of the pipeline deal at a meeting with top executives of global news agencies, including The Associated Press, which began nearly three hours behind schedule at around midnight, Putin said he saw no support for the Greeks from the EU. "If EU wants Greece to pay its debts it should be...
  • FelxIS – A Missile That is More Than the Sum of its Parts

    06/17/2015 6:25:13 AM PDT · by sukhoi-30mki · 7 replies
    Defense Update ^ | 14, 2015
    MBDA is introducing today at the Paris Air Show a new, modular approach to missile design, as part of its traditional ‘Concept Vision’ theme. The new design dubbed ‘FlexIS’ is designed in standard diameters and comprises a common bus and flight control system, modular, contactless interface linking the seeker bay in the front and modular processor bank, providing the missile’s brain, located at the center. The rear part is also modular, accepting a variety of propulsion modules – miniature turbojet, single or dual pulse rocket with different propellant capacity supporting a broad range of applications. Different warheads can be used,...
  • Greece, creditors dig in after debt talks founder (EU preparing for 'state of emergency')

    06/15/2015 9:40:38 AM PDT · by Enlightened1 · 20 replies
    Greece and its creditors hardened their stances on Monday after the collapse of talks aimed at preventing a default and possible euro exit, prompting Germany's EU commissioner to say the time had come to prepare for a "state of emergency". Leftist Prime Minister Alexis Tsipras ignored pleas from European leaders to act fast. Instead he blamed creditors for Sunday's breakdown of the cash-for-reform talks, the biggest setback in long-running negotiations to unlock aid for Greece. Athens now has just two weeks to find a way out of the impasse before it faces a 1.6 billion euro repayment due to the...
  • Why Is The EU Forcing European Nations To Adopt ‘Bail-In’ Legislation By The End Of The Summer?

    06/14/2015 4:05:38 AM PDT · by SkyPilot · 43 replies
    The Economic Collapse Blog.com ^ | June 5th, 2015 | by Michael Snyder
    Why Is The EU Forcing European Nations To Adopt 'Bail-In' Legislation by the End of the Summer? Are they expecting something to happen? As you will read about below, the European Union says that any nation within the EU that does not enact "bail-in" legislation within the next two months will face legal action. The countries that are being threatened in this manner include Italy and France. If you fast forward two months from this moment, that puts us in early August. So clearly the European Union wants everything to be squared away by the end of the summer. Is...
  • Europe’s economic war on Israel [Zechariah 5]

    06/12/2015 12:11:59 PM PDT · by Jan_Sobieski · 3 replies
    New York Post ^ | 6/11/2015 | Benjamin Weinthal
    When it comes to dealing with the increasing calls to boycott, divest from and sanction Israel, the United States and Europe are moving in two opposite directions. Last week, South Carolina Gov. Nikki Haley signed into law legislation that bars public entities from conducting business with companies that discriminate against Israel. It’s the first of its kind, though other states are likely to follow suit. Meanwhile, growing displeasure with the frozen Israeli-Palestinian peace process has led European Union countries to call to label products from settlements in disputed territories in the West Bank and the Golan Heights, as well in...
  • TPP the European Union of North America

    06/11/2015 6:43:55 AM PDT · by Sean_Anthony · 7 replies
    Canada Free Press ^ | 06/11/15 | Judi Mcleod
    Santa Claus is on his way to 12 TPP nations and packing grift for many more Overnight the long suspected nightmarish North American Union (NAU) has come true. Even though its creators have tagged it with a much more benign-sounding, all-encompassing name, Trans-Pacific Partnership (TPP), it’s the equivalent of taking North America—America in decline in particular—off life support. They’re pulling the plug on North American sovereignty and getting away with it by passing off the TPP under the sugar coating of ‘Free Trade For All’. Santa Claus is on his way to 12 TPP nations and packing grift for many...
  • EU: Iranian Regime is the Heart of Crisis in the Middle East

    06/07/2015 2:12:09 AM PDT · by Keyvan Salami · 15 replies
    Iran News Update ^ | June 07, 2015 | Keyvan Salami
    More than 220 members of the European Parliament issued a statement, this week, warning about the flagrant rise of breaches of human rights in Iran. They have asserted that Iranian regime is the heart of the crisis in the Middle East. Many representatives in the European Parliament have already declared they will participate in this year’s Iranian resistance reunion. The meeting will take place in Paris on June 13th.
  • 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...