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A Storm is Brewing in Europe: Italy and Its Public Finances Are at the Center of It
A Storm is Brewing in Europe: Italy and Its Public Finances Are at the Center of It Photo Source Giuseppe Milo | CC BY 2.0 Yet the problem with Italy is not the problem that the European Commission or financial markets see. Rome is planning an expansionary budget – just what Italy needs and just the […]
More Italians Move Savings To Switzerland As Fears Of Banking “Doom Loop” Intensify
More Italians Move Savings To Switzerland As Fears Of Banking “Doom Loop” Intensify With the euro weakening against the Swiss franc (recently trading at session lows of 1.14) and Italian stocks and bonds tumbling once again on reports that the European Commission is planning to reject the Italian draft budget plan submitted earlier this week […]
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 […]
EU: Politicizing the Internet
EU: Politicizing the Internet Even before such EU-wide legislation, similar ostensible “anti-terror legislation” in France, for example, is being used as a political tool against political opponents and to limit unwanted free speech. In France, simply spreading information about ISIS atrocities is now considered “incitement to terrorism”. It is this kind of legislation, it seems, […]
Italy Threatens To Stop EU Funding Unless Other States Accept Refugees
Italy Threatens To Stop EU Funding Unless Other States Accept Refugees Europe’s refugee mess is back with a bang. On Thursday, out of the blue, Italy’s Deputy Prime Minister Luigi Di Maio threatened to stop financial contributions to the European Union next year unless other states agreed to take in migrants being held on a […]
Europe Warns Of An Upcoming “Trade Apocalypse”
Europe Warns Of An Upcoming “Trade Apocalypse” As European officials struggle to do everything they can to save the WTO, which appears headed for an all-but-certain demise thanks to President Trump’s aggressive trade policies, EU leaders have apparently circulated an “internal memo” drafted by the European Commission that accuses the US of deliberately instigating the […]
Then They Came for the Globalists
Then They Came for the Globalists Photo by Francisco Osorio | CC BY 2.0 Thank God for the corporate media. If it wasn’t for them, and the ADL, I’d have probably never discovered that I’m a Nazi. Apparently, I’ve been one for quite some time … which is weird, as I had no idea. Here […]
100+ Respected Academics Slam EU in Letter to Juncker Citing “Rule of Law”
100+ Respected Academics Slam EU in Letter to Juncker Citing “Rule of Law” On Thursday, over 100 well-respected academics slammed the EU in a letter sent a letter to European Commission president Jean-Claude Juncker and European Council president Donald Tusk. The academics cited the rule of law. The open letter , signed by highly-respected academics […]
The EU Just Did the Big Banks a Massive Favor
The EU Just Did the Big Banks a Massive Favor “Testimony to the iron grip the financial industry’s lobby still exerts on governments and legislators.” The European Union’s executive arm, the European Commission, made a lot of bank executives very happy this Tuesday by abandoning its multi-year pledge to break-up too-big-to-fail lenders. Despite the huge […]
Set to breach targets again? Debt and deficit outlooks for Southern European Eurozone countries in 2016 & 2017
Set to breach targets again? Debt and deficit outlooks for Southern European Eurozone countries in 2016 & 2017 After dragging Greece kicking and screaming through a never-ending vicious cycle of fiscal adjustment and output decline, the European Commission seems to be softening in its attitude towards other struggling Eurozone economies. France, Italy, Portugal and Spain, […]
Desperately Trying to Salvage Canada-EU Trade Pact after Brexit, EU Escalates Assault on Democracy
Desperately Trying to Salvage Canada-EU Trade Pact after Brexit, EU Escalates Assault on Democracy The European Commission, it seems, will never learn. Despite the existential crisis caused by Britain’s decision to leave the EU and the serious questions being raised about the EU’s gaping lack of democratic legitimacy, the European Commission just escalated its assault […]
Monsanto and the Poisoning of Europe
Monsanto and the Poisoning of Europe NeydtStock | Shutterstock.com This week, a Standing Committee of plant scientists from 28 member states in Europe is likely to endorse the European Food Safety Authority’s (EFSA) findings so that the European Commission (under pressure from Monsanto, Glyphosate Task Force and others) can re-authorise glyphosate for another nine years. This is […]
Another reason to get rid of the euro
Another reason to get rid of the euro From today’s Open Europe news summary: EUROPEAN COMMISSION CONSIDERING NEW TOOLS TO PREVENT CASH OUTFLOWS FROM FAILING BANKS According to a document seen by the Financial Times, the European Commission is considering proposing a new ‘moratorium tool’ that would give national regulators the power to freeze payments to […]
The circular economy
The circular economy Umicore. Workers at Umicore in Brussels separate out precious metals from electronic waste. When my battered 1969 Toyota car approached the age of 30, I decided that her body deserved to be remanufactured. After 2 months and 100 hours of work, she returned home in her original beauty. “I am so […]
