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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 […]
Dutch Referendum May Have Unleashed European “Continental Crisis”
Dutch Referendum May Have Unleashed European “Continental Crisis” In early January, European Commission President Jean-Claude Juncker warned that a Dutch advisory referendum, which took place today, on the bloc’s association agreement with Ukraine could lead to a “continental crisis” if voters reject the treaty. In an interview in January for Dutch daily NRC Handelsblad, Juncker said […]
The EU Has Bigger Trouble than Brexit alone
The EU Has Bigger Trouble than Brexit alone Trouble brewing in the Netherlands The referendum in the Netherlands on April 6th is going to cause a lot of trouble, possibly axing the strong Dutch commitment to the European project. The plebiscite is about the Association Treaty between EU and Ukraine, into which the EU inserted some curious […]
The Netherlands Just Banned Weapon Sales to Saudi Arabia over Human Rights Abuses
The Netherlands Just Banned Weapon Sales to Saudi Arabia over Human Rights Abuses Landmark bill cites UN figures that Saudi-led troops has killed nearly 6,000 people in Yemen—half of them civilians. Dutch lawmakers have voted to ban weapons exports to Saudi Arabia over the kingdom’s violations of humanitarian law, making the Netherlands the first country in the […]
World Trade Collapses Most Since Crisis
World Trade Collapses Most Since Crisis One question now dominates the global macro discussion: has subdued global growth and trade become the norm in the post-crisis world? That is, have lackluster growth and trade become structural and endemic rather than transient and cyclical? Those are the burning questions that keep central bankers (not to mention […]
Final MH17 crash report ‘unsubstantiated, inaccurate,’ new Russian probe says
Final MH17 crash report ‘unsubstantiated, inaccurate,’ new Russian probe says The reconstructed airplane serves as a backdrop during the presentation of the final report into the crash of July 2014 of Malaysia Airlines flight MH17 over Ukraine, in Gilze Rijen, the Netherlands, October 13, 2015. © Michael Kooren / Reuters Some of the key conclusions […]
Withdrawals Of Gold From NY Fed Jump To 20 Tons In September, Total 276 Tons Since 2014
Withdrawals Of Gold From NY Fed Jump To 20 Tons In September, Total 276 Tons Since 2014 First it was Germany who redeemed 120 tons of physical gold in 2014; then it was the Netherlands who “secretly” redomiciled 122 tons of gold; then this past May, we learned that Austria would be the third “core” European nation to repatriate most of […]
Saudis Poke The Russian Bear, Start Oil War In Eastern Europe
Saudis Poke The Russian Bear, Start Oil War In Eastern Europe Any weakening of Russian support for Mr. Assad could be one of the first signs that the recent tumult in the oil market is having an impact on global statecraft. Saudi officials have said publicly that the price of oil reflects only global supply […]
The Great Greek Fudge
The Great Greek Fudge A third Greek bailout involving loans from the European Stability Mechanism (ESM), the eurozone’s bailout scheme, is now being negotiated. The start was quite rocky, with haggling over the preciselocation in Athens where negotiations need to take place and Greek officials once again withholding information to creditors. Therefore, few still believe that it will […]
Deal Struck Following Total Capitulation By Tsipras: Market Awaits Greek Reaction To Draconian Deal Terms
Deal Struck Following Total Capitulation By Tsipras: Market Awaits Greek Reaction To Draconian Deal Terms Last night, when we concluded our overnight summary state of affairs we said that “we expect some resolution around first light this morning, and while another Greek can kicking and some last-moment “hope” is surely in the cards, we know two things: […]
Troika Says Greek Proposal Not Enough To Meet Targets, Serves As “Basis For Negotiations”
Troika Says Greek Proposal Not Enough To Meet Targets, Serves As “Basis For Negotiations” Early on Saturday morning, the Tsipras government passed the Greek bailout proposal which it told the Greek people to reject – which they did – less than a week earlier. The grotesque farce continued until the very end when 15 Syriza lawmakers who […]
Two Startling Victories for Global Sanity in One Week
Two Startling Victories for Global Sanity in One Week Austerity doesn’t work. Dutch judge: Citizens are right, slash carbon emissions. Two remarkable developments in the past week that could have a significant impact in many countries are worth a lot more attention in Canada and the United States. First, a major research document published by five top […]
Greece: Out Of Cash, Out Of Time, Out Of Options
Greece: Out Of Cash, Out Of Time, Out Of Options On Friday Greece is due to pay at least a quarter of the €1.5bn due to the IMF in June. … The creditors say they will only disburse the money if the Greek government enacts various key economic reforms and does not roll back reforms the […]
Quakes in Gas Fields Ignored for Years, Dutch Agency Finds
Quakes in Gas Fields Ignored for Years, Dutch Agency Finds Safety board’s report a relevant read for any fracking zone. A report from the Dutch Safety Board has accused the oil and gas industry and Netherlands Ministry of Economic Affairs of willfully downplaying the risk of earthquakes caused by the rapid depletion of Europe’s largest gas field. […]
Currency Wars – Russia Buys 20.7 Tonnes Of Gold In December; Netherlands Refutes IMF Gold Data
Currency Wars – Russia Buys 20.7 Tonnes Of Gold In December; Netherlands Refutes IMF Gold Data UPDATE: Since we published our blog this morning, the Dutch central bank has denied that it added to its gold reserves in December. De Nederlandsche Bank, the Dutch central bank has denied reports in Reuters, Bloomberg and picked up […]
