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The European financial establishment has just declared war on Italy
The European financial establishment has just declared war on Italy This week in a CNBC interview Jeroen Dijsselbloem, the former Dutch minister of finance who served as the President of the Eurogroup, declared war on the Italian government. The European financial establishment is prepared to destroy the banking system and cause the Italian economy to […]
Juncker Warns ‘The EU Cannot Survive Without Italy’
Juncker Warns ‘The EU Cannot Survive Without Italy’ Ignoring warnings from the European Commission, the ECB and the European Commission (as well as practically every other supranational organization in Europe), the populist-led Italian government managed to submit their draft budget to the Commission before a midnight deadline – an outcome that was cheered by BTP […]
Maybe a rethink from Brussels?
Maybe a rethink from Brussels? The entire fabric of the European Union is under threat while the hierarchy in Brussels sleepwalks into yet another crisis. The UK is highly likely to walk away from further Brexit negotiations, Italy which once survived on a diet of high interest rates and high inflation is threatening to blow […]
Boomeranging
Boomeranging Juan de la Corte (1597–1660) Lot And His Daughters Escaping From The Destruction Of Sodom And Gomorrah There is no migration crisis, said an article in Toronto’s Globe and Mail a few days ago. French President Emmanuel Macron followed up over the weekend with “there is no migrant crisis”. Really? If this is not […]
One Word: Contagion
One Word: Contagion Terrible news, I’m afraid. The trainwreck that is Italian politics has always been a hoot to watch. But this time around the implications to what happens in Rome are, as Trump would say, yuuuge. You’ve probably seen the news-flow out of Europe. Tasked with finding a suitable candidate to head a coalition […]
Hotel Europa
Hotel Europa Theodoor Rombouts( 1597-1637) Prometheus On Friday, in This is the End of the Euro, I said: The euro has become a cage, a prison for the poorer brethren. The finance minister proposed by 5-Star/Lega and refused by Italian president Mattarella, Paolo Savona, has called the euro a German cage. There are now […]
Who Needs Enemies?
Who Needs Enemies? Vittorio Matteo Corcos Conversation in the Jardin du Luxembourg 1892 Obviously, there are tensions between Europe and the US. Just as obviously, these tensions are blamed on, who else, Donald Trump. European Council President Donald Tusk recently said: “With friends like Trump, who needs enemies?” EU Commission chair Jean-Claude Juncker even proclaimed […]
The European Union Wants to Be an Even Bigger Global Bully
The European Union Wants to Be an Even Bigger Global Bully Europe doesn’t need another empire. Over time, the European Union has developed into more than just an economic cooperation between nations. The EU is a big and intrusive government that constantly acquires new powers. And like all superstates, its tendency to defend freedom against control […]
Italian Elections – Another Nail in the Coffin of Brussels?
Italian Elections – Another Nail in the Coffin of Brussels? The Italian election results are in and once again it demonstrates that correlating economics with voting, you end up with a far more accurate forecast. Trying to predict based upon samples of calling people appears to be not merely questionable, but also prone to human […]
Preparing For EU Collapse
Preparing For EU Collapse Claude Monet The house at Yerres 1876 If there is one thing the Spain vs Catalonia conflict reminds us of, it has got to be Turkey. And that is a much bigger problem for the EU than it realizes. First of all, Brussels can no longer insist that this is an […]
Catalonia is not Just About Spain – it is About Brussels!!
Catalonia is not Just About Spain – it is About Brussels!! There are of course those in Spain who side against Catalonia. Others write who are in Catalonia yet disagree with the separatists. Let me make this very clear. It is the government of Rajoy who has acted abusively, and this is all about protecting […]
The European Union Is Doomed to Fail
The European Union Is Doomed to Fail How on earth can the European Union unite that which history forced asunder? Have you ever heard of Deutsch Jahrndorf? No? I don’t blame you. The tiny Austrian village, which is situated four miles from the Danube, is utterly unremarkable, except for the fact that it sits on […]
DiEM25: Europe Without Nations or Religion
DiEM25: Europe Without Nations or Religion Fred Lyon Barbary Coast 1950A friend sent me a post from the DiEM25 website last week, entitled Critique of DiEM25 policy on immigrants and refugees. DiEM25 is a pan-European political movement of which former Greek finance minister Yanis Varoufakis is a co-founder. I started writing some lines as a […]
