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Troika Offers Greece Third Bailout Program, Prepares Emergency Plan If No Deal
Troika Offers Greece Third Bailout Program, Prepares Emergency Plan If No Deal On the heels of Thursday’s failed Eurogroup meeting and heading into what is again being presented as an all or nothing, “Lehman weekend” for Greece and its creditors, reports suggest the troika has offered Greece a third bailout program: GREEK CREDITORS OFFER EU15.5B […]
Fighting Extinction
Fighting Extinction “This is a true challenge. If the story is told as one of avarice, private gain and exceptionalism, the human race will go extinct.” At the G7 last week, the leading industrial nations agreed to cut greenhouse gases by phasing out the use of fossil fuels by the end of the century. While […]
China Mocks G7 As “Gathering Of Debtors”, Warns “Confrontation Will Be A Disaster For Europe”
China Mocks G7 As “Gathering Of Debtors”, Warns “Confrontation Will Be A Disaster For Europe” Vladimir Putin didn’t get an invite to the Angela Merkel-hosted G7 Summit in Bavaria last week, which means the Russian President not only missed out on two days at the scenic Castle Elmau, but also on lederhosen shopping with US […]
Germany’s Merkel Comes Out as Basically a U.S. Agent
Germany’s Merkel Comes Out as Basically a U.S. Agent On Wednesday, April 1st, German Chancellor Angela Merkel’s cabinet approved a measure to bring fracking (the patents for which are owned mainly by “large American companies, including Halliburton, Baker Hughes and Schlumberger”) into Germany. This is a prelude not only to U.S. President Obama’s secret Trans-Atlantic Trade & […]
EU and Greece Running Out of Time – As Bank Runs Intensify, Bail-Ins Likely
EU and Greece Running Out of Time – As Bank Runs Intensify, Bail-Ins Likely – EU and Greece running out of time as talks end “in disarray” – again – Greece warns Merkel of ‘impossible’ debt – Concerns Greece out of money by end of April – Friday’s “agreement” in Brussels falls apart hours later […]
Looks Like Germany May Have To Pay Up
Looks Like Germany May Have To Pay Up German magazine Der Spiegel digs deep(er) into the ‘Greece question’ this weekend, and does so with a few noteworthy reports. First, its German paper issue has Angela Merkel on the cover, inserted on a 1940′s photograph that shows Nazi commanders against the backdrop of the Acropolis in […]
Russia Under Attack
Russia Under Attack While Washington works assiduously to undermine the Minsk agreement that German chancellor Merkel and French president Hollande achieved in order to halt the military conflict in Ukraine, Washington has sent Victoria Nuland to Armenia to organize a “color revolution” or coup there, has sent Richard Miles as ambassador to Kyrgyzstan to do […]
C’mon Angela, Let Them Greexit
C’mon Angela, Let Them Greexit With each passing day it becomes more obvious that Europe is heading for an epochal financial conflagration. So buy-the-dip if you must, but don’t believe for a minute that the US has decoupled. When the euro and EU eventually implode it will rattle the bones of every gambler and algo left […]
Europe, The Morally Bankrupt Union
Europe, The Morally Bankrupt Union The European Union is busy accomplishing something truly extraordinary: it is fast becoming such a spectacular failure that people don’t even recognize it as one. People have no idea, they just think: this can’t possibly be true, and they continue with their day. They should think again. Because the Grand […]
The War Next Door: Can Merkel’s Diplomacy Save Europe?
The War Next Door: Can Merkel’s Diplomacy Save Europe? Chancellor Angela Merkel has often been accused of hesitancy. But in Minsk this week, she committed herself to helping find a way to quiet the weapons in Ukraine. The result was a cease-fire. But it is fragile and may ultimately be disadvantageous for Ukraine. The problem has […]
War and Default in Europe Pose Merkel’s Biggest Challenge
War and Default in Europe Pose Merkel’s Biggest Challenge (Bloomberg) — After almost a decade as German chancellor, Angela Merkel faces a moment of truth as a resurgent Russia and fed-up Greeks challenge her blueprint for Europe’s future. As bloodshed in eastern Ukraine escalates and the new Greek government rejects austerity championed by Merkel, her […]
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 […]
