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Greeks Spooked by Debt Clashes Put Cash Under Bathroom Tiles
Greeks Spooked by Debt Clashes Put Cash Under Bathroom Tiles (Bloomberg) — Georgios Karavelas drives a taxi in Athens and for the past month has been a silent witness to what ordinary Greeks are doing with their cash. One passenger, he said, told someone on his mobile phone that he’d withdrawn 25,000 euros from the […]
Europe Fractures: France “Prepared To Support Greece” In Debt Renegotiations
Europe Fractures: France “Prepared To Support Greece” In Debt Renegotiations Despite Angela Merkel’s insistence on numerous occasions this past week that there will be “no debt renegotiations,” it appears a schism at the core of Europe is opening. As France24 reports,following a meeting between France’s finance minister Michel Sapin and Greece’s finance minister Yanis Varoufakis, the […]
Ukraine “Truce”? Tanks Are Rolling In Poland As NATO Plans Permanent Eastern European Bases
Ukraine “Truce”? Tanks Are Rolling In Poland As NATO Plans Permanent Eastern European Bases With Ukraine, Germany, and France all expressing their concern this morning about “conflict escalation” between pro-Russian separatists and the Ukraine military, the so-called “truce” appears to be hanging by a thread of semanticism (despite OSCE’s please for respect of the cease-fire and the […]
Superpower Blunders: Czechoslovakia in 1938
Superpower Blunders: Czechoslovakia in 1938 The Czechoslovakia crisis of 1938 marked a pivotal shift in the balance of power in Central Europe, putting the major world superpowers in a collision course. The policies of one superpower in particular made inevitable what was to come less than a year later – World War II. This episode […]
Greece economy: Merkel rules out more debt relief
Greece economy: Merkel rules out more debt relief German Chancellor Angela Merkel has ruled out cancelling any of Greece’s debt, saying banks and creditors have already made substantial cuts. But Mrs Merkel told the Die Welt newspaper she still wanted Greece to stay in the eurozone. Greece’s left-wing Syriza party won last weekend’s election with […]
Greek election: It’s really up to the ECB and EU now
Greek election: It’s really up to the ECB and EU now The result was worse than expected whatever the final outcome – the anti-austerity vote is massive, but it could be an empty gesture as Greece in reality has little choice: Comply with the Troika or leave the EUR. I doubt the later will happen […]
Decades of Suspicions: Did German Companies Aid Syrian Chemical Weapons Program?
Decades of Suspicions: Did German Companies Aid Syrian Chemical Weapons Program? When it comes to war crimes and crimes against humanity, the German government is unyielding — particularly when it comes to finding excuses for why it should do nothing when it comes to potential German perpetrators. For more than 16 months, Chancellor Angela Merkel’s government […]
Coal Casts Cloud Over Germany’s Energy Revolution
Coal Casts Cloud Over Germany’s Energy Revolution The energy market in Germany saw a spectacular change last year as renewable energy became the major source of its electricity supply—leaving lignite, coal and nuclear behind. But researchers calculate that, allowing for the mild winter of 2014, the cut in fossil fuel use in energy production meant CO2 […]
EU austerity faces rising public anger
EU austerity faces rising public anger Brussels, Belgium – Outside the European Commission in Brussels late last month dozens of horn-blowing tractors from Belgium rolled ominously down roads usually reserved for the limousines belonging to this continent’s powerful politicians. Accompanied by throngs of demonstrators and surrounded by smoking hay stacks and burning effigies of leaders such […]
And That Successfully Concludes “Big Brother 101”
And That Successfully Concludes “Big Brother 101” Desperate to spin Europe’s deflation, pardon “negative inflation” pardon the lack of impulse to go ahead and spend money you don’t have right here right now, into a good, if only for Keynesians, thing? Don’t worry – we’ve got you covered. Below is a sampling of perfectly contradictory Reuters headlines all posted within a […]
Bild Warns German Govt Fears Greek Bank Runs, Financial System Collapse; Prepares For Grexit
Bild Warns German Govt Fears Greek Bank Runs, Financial System Collapse; Prepares For Grexit It has been a busy few days for Germany. In the space of a week, they have warned Greece “there will be no blackmail,”adding that a Greek exit from the euro was “manageable,” only to hours later deny (clarify) these comments. This was then followed […]
Greece Is About To Dance A Wild Sirtaki
Greece Is About To Dance A Wild Sirtaki On January 22, the ECB has another meeting, and investors – as well as EU governments – are still thinking Draghi will announce full-blown QE. With the Germans resisting the way they consistently have for years now, I wouldn’t count on it. It’ll be extremely hard to […]
Russia’s “Startling” Proposal To Europe: Dump The US, Join The Eurasian Economic Union | Zero Hedge
Russia’s “Startling” Proposal To Europe: Dump The US, Join The Eurasian Economic Union | Zero Hedge. Slowly but surely Europe is figuring out that as a result of the western economic and financial blockade of Russian, it is Europe itself that is suffering the most. And while Germany was first to acknowledge this late in […]
The Gloves Come Off: Germany Says Grexit “Manageable” As Tsipras Demands Greek Debt Writeoff | Zero Hedge
The Gloves Come Off: Germany Says Grexit “Manageable” As Tsipras Demands Greek Debt Writeoff | Zero Hedge. With just three weeks until the Greek snap elections on January 25 in which Tsipras’ Syriza is virtually assured of victory (unless somehow G-Pap’s “new and improved” political party manages to steal enough votes to prevent this, although one wonders […]
Gambia leader blames dissidents for coup bid – Africa – Al Jazeera English
Gambia leader blames dissidents for coup bid – Africa – Al Jazeera English. Gambia’s president has blamed unidentified foreign dissidents and “terrorists” for an assault on his presidential palace and insists the army remains loyal. Yahya Jammeh’s remarks came two days after an apparent coup attempt by a group of soldiers while he was abroad […]
