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The Fate of the Euro
The Fate of the Euro QUESTION: The bounce in the Euro is a fool’s’ game? ANSWER: Absolutely. The Euro is doomed because especially if Le Pen loses, Brussels will be relieved and proceed as usual. The same problems will merely exist and no reform will come forward to save the day. A good wind will […]
Things Just Got Serious in Europe’s War on Cash
Things Just Got Serious in Europe’s War on Cash To protect citizens from threats as defined by apparatchiks in Brussels. The central authorities in Europe just launched their most important offensive to date in their multiyear War on Cash. The new move comes directly from the European Union’s executive branch, the European Commission, which just announced its […]
The Contagion Begins
The Contagion Begins Brussels will try to now punish Britain as they punished the Greeks for daring to vote against them. Our sources are already saying the attitude behind the curtain is turning nasty as in how dare those “limies” vote to leave. The derogatory remains off camera are telling. Brussels will try to be […]
Brexit: The System Cannot Hold
Brexit: The System Cannot Hold Stephen Green 18×24 inches. 2016. Acrylic on canvas. MuseumofAwesomeArt.com Well, they did it. A majority of Britons made clear they’re so fed up with David Cameron and everything he says or does, including promoting the EU, that they voted against that EU. They detest Cameron much more than they like […]
Brexit: Wrong Discussion, Wrong People, Wrong Arguments
Brexit: Wrong Discussion, Wrong People, Wrong Arguments G.G. Bain Immigrants arriving at Ellis Island, New York 1907There’ve been a bunch of issues and topics on my -temporarily non-writing- mind, and politics, though as I’ve often said it’s not my preferred focus, keeps on slipping in. That’s not because I’ve gotten more interested in ‘the game’, but because […]
Dutch Voters Reject Ukraine Deal
Dutch Voters Reject Ukraine Deal Dutch voters struck a blow against the E.U.’s Ukrainian association agreement – and the incessant Russia-bashing that has surrounded it – creating hope for less belligerence in Europe, writes Gilbert Doctorow. On this overcast Thursday morning in Brussels, the political capital of Europe, rays of bright sunshine are breaking through […]
The End of Europe (As We Know It)?
THE END OF EUROPE (AS WE KNOW IT)? As the Eurozone is amid secular stagnation, its old fiscal, monetary and banking challenges are escalating, along with new threats, including the Brexit, demise of Schengen, anti-EU opposition and geopolitical friction. According to Dan Steinbock, Brussels can no longer avoid hard political decisions for or against an […]
A European PATRIOT Act Will Not Keep People Safe
A European PATRIOT Act Will Not Keep People Safe It was not long after last week’s horrifying bombings in Brussels that the so-called security experts were out warning that Europeans must give up more of their liberty so government can keep them secure from terrorism. I guess people are not supposed to notice that every […]
BREXIT Reality or a Manipulated Outcome?
BREXIT Reality or a Manipulated Outcome? COMMENT: Dear Martin, London 23rd Feb, it is very sad, I cannot find one main stream news outlet that is backing a Brexit. They are all preaching fear, even Boris is not campaigning hard (yet only I hope) and the BBC which is meant to be unbiased is clearly Pro […]
Who Gets to Pay for the Italian Banking Crisis?
Who Gets to Pay for the Italian Banking Crisis? The missing Capital Buffer. Six years after Europe’s sovereign debt crisis began, the Eurozone’s third largest economy, Italy, has finally decided to do what just about every other country has done when facing a full-blown, almost out-of-control banking crisis: to set up a bad bank to […]
Belgian nuclear plant’s reactor shuts down days after reboot
Belgian nuclear plant’s reactor shuts down days after reboot Doel nuclear plant. © Francois Lenoir / Reuters Belgium’s Doel nuclear reactor went offline on Saturday, after it was restarted just three days ago, the plant’s spokesperson said. Meanwhile, Germany has stepped up criticism on operational safety of its neighbor’s aging nuclear facilities. Doel 1 nuclear […]
Why Europe Will Collapse: Schultz’s Outrage at Poland
Why Europe Will Collapse: Schultz’s Outrage at Poland A huge protest against the Europe Union has taken place in Poland. When I was there, everyone I spoke to was against joining the euro. They all said that the euro would destroy Poland as it did in Greece and the rest of Southern Europe. European Parliament […]
The Eurozone’s Minsky Conundrum
The Eurozone’s Minsky Conundrum BRUSSELS – Stubbornly low inflation has the European Central Bank worried. But its response – essentially just more quantitative easing – could backfire, exacerbating imbalances and generating serious financial instability. As it stands, the headline consumer price index in the eurozone hovers around zero, and even core inflation remains below 1% […]
“Social Explosion” Begins In Greece As Massive Street Protests Bring Economy To A Fresh Halt
“Social Explosion” Begins In Greece As Massive Street Protests Bring Economy To A Fresh Halt One thing that became abundantly clear after Alexis Tsipras sold out the Greek referendum “no” back in the summer after a weekend of “mental waterboarding” in Brussels was that the public’s perception of the once “revolutionary” leader would never be […]
Is the Troika About to Lose Control of South-Western Europe?
Is the Troika About to Lose Control of South-Western Europe? The Price of “Austerity” Passos Coelho, who was until Tuesday Prime Minister of Portugal, knew “what to do.” After signing along the dotted line for a €78 billion bailout he embraced the Troika’s austerity agenda with abandon. Public spending was slashed, taxes were hiked, wages […]
