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Dutch Prime Minister Mark Rutte today (13 June) admitted a referendum called by euroskeptic groups on whether to back closer ties between Ukraine and the EU had been “disastrous” after voters soundly rejected the pact. “I’m totally against referenda, and I’m totally, totally, totally against referenda on multilateral agreements, because it makes no sense as we have seen with the Dutch referendum,” Rutte told a conference of European MPs. “The referendum led to disastrous results,” he added. …

What Happens To A Financial System When Its Two Biggest Pillars Collapse? Stock-Markets / Eurozone Debt CrisisFebruary 16, 2013 - 10:32 PM GMT By: Graham Summers Those EU leaders who have yet to be implicated in scandals are not faring much better than their more corrupt counterparts. In France, socialist Prime Minister Francois Hollande, has proven yet again that socialism doesn’t work by chasing after the wealthy and trying to grow France’s public sector… when the public sector already accounts for 56% of French employment. France was already suffering from a lack of competitiveness. Now that wealthy businesspeople are fleeing...

France and Germany: Our Burden; their Shame A great American and columnist, R. Emmett Tyrrell, wrote the other day that France and Germany are being mischievous. Unfortunately, what they are up to goes beyond mischief all the way to malice aforethought. Over the last 12 years, France more than any country broke the economic sanctions the UN had imposed on Iraq. France profited more than any country doing business with Iraq. France now says the US must obey that same UN. France functioned since the first gulf war as Saddam’s ideological hit man and used every opportunity to beguile the...