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As War on Cash Escalates, Cash Lovers Fight Back
As War on Cash Escalates, Cash Lovers Fight Back “It would be fatal if citizens got the impression that cash is gradually taken away from them”: Bundesbank President Weidman. Over the last couple of days, bureaucrats at the European Commission and European Central Bank have expressed a keen interest in withdrawing the €500-note from circulation […]
New Safe Harbor Data “Deal” May Be More Politicking Than Surveillance Reform
New Safe Harbor Data “Deal” May Be More Politicking Than Surveillance Reform Lobbyists, government officials, and technology executives celebrated newsfrom Strasbourg on Tuesday morning that the European Commission and the United States had reached an agreement to reinstate the free flow of massive amounts of data between companies in the United States and the European Union, […]
Gold – No Time Left for Conspiracy Theories
Gold – No Time Left for Conspiracy Theories To some, this is a religious battle. To others, it is just a time to rip off a lot of people by selling fantasies and sophistry. I have stated this many times, so here it goes again: Gold rises when people lose confidence in government. It has nothing to do […]
Europe – Here we GO Again
Europe – Here we GO Again The European economic crisis just keeps getting worse. The European Commission is now planning to pool all money for bank bailouts among nations. That means the funds set aside in Germany to weather German bank failures can be used in France. Meanwhile, the EU is preparing for relaxing the stability policy (austerity) because […]
Leaked TAFTA/TTIP Chapter Shows EU Breaking Its Promises On The Environment
Leaked TAFTA/TTIP Chapter Shows EU Breaking Its Promises On The Environment from the toxic-trade-deal dept As far as trade agreements are concerned, the recent focus here on Techdirt and elsewhere has been on TPP as it finally achieved some kind of agreement — what kind, we still don’t know, despite promises that the text would be released as soon as […]
EU Ombudsman Investigating Industry-Dominated Fracking Expert Group
EU Ombudsman Investigating Industry-Dominated Fracking Expert Group The European Ombudsman has opened a case into the European Commission’s industry-dominated Expert Group on the risky and dangerous practice of fracking for natural gas. The Ombudsman, responsible for investigating complaints about maladministration in EU institutions and bodies, is looking into allegations that the Commission “wrongly allowed members associated with the shale gas industry to […]
Greek Stocks, Economy Collapse, Suffer Worst Declines In History
Greek Stocks, Economy Collapse, Suffer Worst Declines In History The Athens Stock Exchange reopened on Monday and unsurprisingly, some folks were selling. Trading was suspended five weeks ago after PM Alexis Tsipras’ dramatic midnight referendum call precipitated capital controls and a lengthy bank “holiday.” Shares opened lower by nearly 23% and the country’s banks traded limit-down, […]
Greece May Not Get Bailout, Grexit “The Better Way”, Schaeuble Says
Greece May Not Get Bailout, Grexit “The Better Way”, Schaeuble Says Last Saturday, the EU finance ministers who gathered in Brussels in a last ditch effort to keep Greece in the eurozone were forced to confront a rather inconvenient truth. A bailout for Athens would likely cost nearly €80 billion, far more than the €53 […]
Russian Gas: There Is No Alternative For Europe
Russian Gas: There Is No Alternative For Europe The sanctions are now in their second year; the ruble is still not quite itself; and national champions Gazprom and Rosneft are both bracing for what can generously be called a down year. Still, while Russia’s political relationship with the west continues to be redefined, the broader […]
This Could Sink Banks in Greece, Portugal, Spain, and Italy
This Could Sink Banks in Greece, Portugal, Spain, and Italy Not that much has changed in Spain since the climax of the debt crisis during which its collapsing banks were bailed out. Some of them were recombined into a bank with a new name – Bankia – and sold to the public via an IPO […]
David Cameron’s New Definition of Fracking ‘Political Not Scientific’
David Cameron’s New Definition of Fracking ‘Political Not Scientific’ Last week, DeSmog UK revealed how David Cameron’s government snuck a new definition of fracking onto the statute books. Kyla Mandel investigates where this definition actually came from. The definition of hydraulic fracturing adopted by theUK coalition government has all the hallmarks of industry influence, finds DeSmog UK. The fracking definition was slipped into […]
Briefing For A Descent Into Hell
Briefing For A Descent Into Hell Oh well, some are more equal than others. One day after Eurogroup head Dijsselbloem says France won’t get any more lenience … France Must Respect EU Budget Rules France must meet EU budget targets or risk damaging the bloc’s entire framework for policing countries’ spending plans, the head of […]
Bilderberg – Part 10
Bilderberg – Part 10 I previously examined the functions of the Bilderberg meetings; the composition and concentration of financial markets and the Mafiocracy that rules them; the nature of technocracy, and the role of finance ministers, central banks and the IMF in managing the European debt crisis. This installment takes a closer look at the […]
Troika Punches Panic Button on Greece and Spain
Troika Punches Panic Button on Greece and Spain After four years of inflicting economic pain and misery on Europe’s semi-bankrupt periphery, the Troika (IMF, ECB and European Commission) is suddenly in a lather over the potential political consequences of its disastrous economic policies: “I wouldn’t like extreme forces to come to power. I would prefer […]
Russia Cuts Off Ukraine Gas Supply To 6 European Countries
Russia Cuts Off Ukraine Gas Supply To 6 European Countries Vladimir Putin ordered the Russian state energy giant Gazprom to cut supplies to and through Ukraine amid accusations, according to The Daily Mail, that its neighbor has been siphoning off and stealing Russian gas. Due to these “transit risks for European consumers in the territory of Ukraine,”Gazprom cut gas […]
