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Tag Archives: europe
Inevitable De-Industrialisation of Europe
Inevitable De-Industrialisation of Europe EU ministers agreed to binding cuts in CO2 emissions of 35% by 2030. The German auto industry won’t be able to deliver. The Telegraph reports Berlin court orders German capital to ban most diesel vehicles on 11 major roads to counter pollution. Hamburg was first in May. Stuttgart, home of Mercedes […]
US Officials Say Russia To “Seize” Syria’s Oilfields As Moscow Presses Europe On Reconstruction
US Officials Say Russia To “Seize” Syria’s Oilfields As Moscow Presses Europe On Reconstruction Russia is attempting to woo European countries like Germany into a program of reconstruction cooperation in Syria, where broad swathes of the country have been destroyed through seven years of grinding proxy war; however, Pentagon officials have charged Russia with wanting […]
Does the United States strive for a new Cold War?
Does the United States strive for a new Cold War? Donald Trump’s administration regularly increases military presence in Central Europe. The currently discussed idea is to create an American permanent military base in Poland, that is to say, a further shift of the US military presence towards the Russian border. The question arises whether, through […]
The World Is Quietly Decoupling From the U.S. – And No One Is Paying Attention
The World Is Quietly Decoupling From the U.S. – And No One Is Paying Attention Blind faith in the U.S. dollar is perhaps one of the most crippling disabilities economists have in gauging our economic future. Historically speaking, fiat currencies are essentially animals with very short lives, and world reserve currencies are even more […]
Italian Stocks, Bonds Collapse After EU Rejects Rome’s Budget Plans
Italian Stocks, Bonds Collapse After EU Rejects Rome’s Budget Plans Italian stocks tumbled with the FTSE MIB dropping 2.3% – the worst performer among major European markets on Monday – and hitting its lowest level since April 2017, while the country’s bonds plunged to the lowest level since February 2014 amid what now appears to […]
Sanctions Busting, European Style
Sanctions Busting, European Style U.S. officials were infuriated last week when Germany, the UK, and France unveiled plans to create a European payments channel to help Iran to avoid U.S. sanctions. Even more surprising was their chosen allies: in announcing their sanctions busting plan, the Europeans were joined by Russia and China. There has been […]
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 […]
US Threatens To Destroy Russian Nuclear-Capable Missile System If Necessary
US Threatens To Destroy Russian Nuclear-Capable Missile System If Necessary U.S. Ambassador to NATO Kay Bailey Hutchison on Tuesday warned that the U.S. could be forced to “take out” missiles Russia is developing that violate a Cold War-era treaty. If completed, the 9M729 Russian missile system could give it the capability to launch a missile […]
Beware of the Real Debt Crisis on the Horizon – not the BS on TV
Beware of the Real Debt Crisis on the Horizon – not the BS on TV We have to come to the reality that from 2019 onward, we are headed into a Pension Crisis that will be serious. Many are starting to yell about the debt crisis. They lump on private debt and yell its a […]
Iran “Finalizing” Mechanism To Bypass SWIFT In Trade With Europe
Iran “Finalizing” Mechanism To Bypass SWIFT In Trade With Europe Just days after Europe unveiled a “special purpose vehicle” meant to circumvent SWIFT and US monopoly on global dollar-denominated monetary transfers – and potentially jeopardizing the reserve status of the dollar – Iran said it was finalizing mechanisms for the oil trade to bypass US […]
Europe Prepares For Natural Gas Price Hike
Europe Prepares For Natural Gas Price Hike Europe’s natural gas and electricity markets are heading into the winter heating season with prices at record highs amid various supply outages in already tight markets and uncertainty over how much flexibility in gas and power generation there will be. Forward prices for natural gas are factoring in […]
US Hints At Naval Blockade Of Russian Energy Exports Which Moscow Warns Would Be “An Act Of War”
US Hints At Naval Blockade Of Russian Energy Exports Which Moscow Warns Would Be “An Act Of War” In a interview about fracking and the implications of making the United States less dependent on foreign sources of energy, Interior Secretary Ryan Zinke told the Washington Examiner that the US Navy has the ability to blockade Russia from controlling […]
Europe Launches War On Italy’s Fiscal Plans: Warns Of Debt “Explosion”, Threatens Savers
Europe Launches War On Italy’s Fiscal Plans: Warns Of Debt “Explosion”, Threatens Savers In the aftermath of Italy’s defiant announcement that it would expand its 2019 budget deficit to 2.4% of GDP, above both the initial proposal from finmin Tria which was 1.6%, and also higher than the European “redline” of 2.0%, the question was […]
The impacts of electrification – the example of France
The impacts of electrification – the example of France A number of “100% renewable” studies foresee wholesale electrification as the best way to cut emissions. In this post I compare load curves from three European countries where electric heating is not widely used (Spain, Germany and Poland) with one where it is (France). The annual […]
