Free Republic

There is no longer any doubt that Europe and America are parting ways. The death of the transatlantic relationship was foretold many times, but at the Munich Security Conference this weekend, it finally ended. The great American-European divorce has played out in three areas — Ukraine, free speech, and trade. Last week, Donald Trump blindsided the Europeans with his announcement of peace talks with Vladimir Putin. (He said he would do this during his election campaign, but Europe’s leaders were clearly not paying attention.) Keith Kellogg, Trump’s special envoy for Ukraine, told the Europeans on Saturday that they will not...

Britain's banks have been told to prepare for the end of the Eurozone, it emerged today. City regulator the Financial Services Authority has told banks to ready themselves for armageddon by running "stress tests" on their balance sheets. FSA chief Hector Sants met the heads of Barclays, Satander, HSBC, Lloyds and RBS last week. News of the shock warning came as the world's biggest central banks today launched a desperate bid to save the global economy by flooding markets with cheaper cash.