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EU To Restrict Movement of Cash
EU To Restrict Movement of Cash The EU is now developing strict rules for carrying cash when traveling to non-European countries and returning to Europe. The revision of the First Cash Control Regulation from 2005, which stipulated that EU citizens should register cash in excess of € 10,000 when leaving the EU or when returning […]
Europe Is Flirting with a Disaster for Free Speech
Europe Is Flirting with a Disaster for Free Speech The controversial Article 13 is getting some push-back from some officials, but it isn’t dead yet. Freedom of speech is undoubtedly one of the most important features of any democratic society. Without it, knowledge could not be shared, injustices could not be called out, and the […]
Nord Stream 2 Pipeline Becomes Less Plausible
Nord Stream 2 Pipeline Becomes Less Plausible A U.S. diplomat has dismissed the idea that the controversial Nord Stream 2 pipeline will ever be built. Speaking to European journalists in a telephone briefing on November 29, Deputy Assistant Secretary of State John McCarrick said that U.S. officials “don’t see the possibility that Nord Stream 2 […]
“It Could Reshape The Global Trading System For Decades” – US Rejects China’s Bid “Market Economy” Status
“It Could Reshape The Global Trading System For Decades” – US Rejects China’s Bid “Market Economy” Status The US has filed a legal submission to the WTO as a third party, intervening in a case that China has brought against the European Union. The US rejects China’s argument that under the 2001 agreement, which confirmed […]
Forget About Catalonia And Brexit, The Next European Black Swan Could Be Transylvania
Forget About Catalonia And Brexit, The Next European Black Swan Could Be Transylvania Over the past 100 years, the borders in Central and Eastern Europe have been redrawn time and time again, often leaving groups of people separated from their home country by new borders. Although land often changed hands relatively peacefully, suddenly finding one-selves […]
EU Concern Rising About Italian Debt
EU Concern Rising About Italian Debt The EU Commission is deeply concerned that Italy is under pressure to spend frivolously because of the upcoming elections. The EU is apply more scrutiny for Italy’s huge sovereign debt. Because of the vast size of the Italian economy, the high level of total debt is a major cause for […]
Whose Private-Sector Debt Will Implode Next: US, Canada, China, Eurozone, Japan?
Whose Private-Sector Debt Will Implode Next: US, Canada, China, Eurozone, Japan? Canadians, fasten your seat-belt. Here are the charts. The Financial Crisis in the US was a consequence of too much debt and too much risk, among numerous other factors, and the whole house of cards came down. Now, after eight years of experimental monetary […]
EU Preparing for the Banking Crisis
EU Preparing for the Banking Crisis Subtly, the EU is looking to establish preparations for the coming banking crisis and how to protect the banks from massive withdrawals. The solution? The EU wants to be able to temporarily free up credits for the banks and at the same time to freeze bank deposits, In other words, like […]
Is There a Way Out of the ECB’s Trap?
IS THERE ANY WAY OUT OF THE ECB’S TRAP? The ECB faces the Devil’s Alternative that Frederick Forsyth mentioned in one of his books. All options are potentially riskly. Mario Draghi knows that maintaining the so-called stimuli involves more risks than benefits, but also knows that eliminating them could make the eurozone deck of cards collapse. […]
European Banking Crisis
European Banking Crisis There is intense resistance building against the stricter new rules on bad loans among the European banks. This will hit Italy hard and may push off the edge more than one Italian bank. With the elections coming next year in Italy, the banking rules may be the straw that breaks the back. […]
Where are Europe’s Fault Lines?
Where are Europe’s Fault Lines? Beneath the surface of modern maps, numerous old fault lines still exist. A political earthquake or two might reveal the fractures for all to see. Correspondent Mark G. and I have long discussed the potential relevancy of old boundaries, alliances and structures in Europe’s future alignments.Examples include the Holy Roman […]
Centrally Planned UK Generation Scenarios for 2030
Centrally Planned UK Generation Scenarios for 2030 The economies of the European Union have centrally planned energy delivery strategies where the amount of electricity to be generated from a particular source by a particular time is planned in minute detail by legions of civil servants and academics. This post summarises some of the scenarios for […]
The Myth of European Democracy: A Shocking Revelation
The Myth of European Democracy: A Shocking Revelation It’s an open secret that the “Soros network” has an extensive sphere of influence in the European Parliament and in other European Union institutions. The list of Soros has been made public recently. The document lists 226 MEPs from all sides of political spectrum, including former President of the […]
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 […]
