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Spanish Banks Warn of Financial Meltdown if Catalonia Votes for Independence
Spanish Banks Warn of Financial Meltdown if Catalonia Votes for Independence In Spain’s north eastern region of Catalonia, the fear-mongering and doom-saying is reaching a deafening crescendo. If voters return a majority of pro-independence politicians in next Sunday’s regional elections, all manner of economic disaster will befall the region — according to the defenders of […]
Greece Heads Back To The Polls: Full Sunday Election Preview
Greece Heads Back To The Polls: Full Sunday Election Preview For months on end, all anyone could talk about was Greece. Throughout the spring and summer, the country’s fate in the eurozone was considered the main risk to global markets if not for what the financial fallout from a Grexit would be (that risk was […]
Does the Migrant Crisis Represent the End of the European Union?
Does the Migrant Crisis Represent the End of the European Union? An emergency effort led by Germany to force European Union member states to accept mandatory quotas of refugees collapsed in discord. Berlin called for EU financial penalties against countries that refused to accommodate their share of migrants. A Czech official said such threats were […]
Refugee Crises At Dangerous Tipping Point As Hungary Makes Arrests, Germany Loses Patience
Refugee Crises At Dangerous Tipping Point As Hungary Makes Arrests, Germany Loses Patience “I’m not happy. I had to leave Syria — I love Syria, but so much killing there.” That’s from 17-year old Mohammed Al-Hamdan who made it across the Hungarian border with Serbia at a railroad crossing near the village of Roszke before […]
Germany & Austria Close Borders — Schengen Agreement Under Pressure — Will War Emerge?
Germany & Austria Close Borders — Schengen Agreement Under Pressure — Will War Emerge? The Schengen Agreement was to be the cornerstone of the entire euro proposition. We just warned that this freedom of movement would begin to come under pressure with this turning point:“As the economy turns down very hard after 2015.75, we are more likely than not […]
Is Catalonia About to Go All In?
Is Catalonia About to Go All In? An extremely high-stakes game of political poker, not just for Catalonia and Spain but for Europe. For a nation that doesn’t officially exist, Catalonia sure knows how to throw a national-day party. September 11, approximately 1.4 million people filled the streets of the region’s capital, Barcelona (urban population: […]
Forget the Greek Crisis, Immigration Will Divide Europe Against Itself
Forget the Greek Crisis, Immigration Will Divide Europe Against Itself Europe has complex immigration rules. As the EU web site shows, there are multiple layers of immigration regulations encompassing both the local national level and the EU level. But, as the recent influx of refugees and economic migrants has shown, the EU government is able to […]
The EU Uses Every Crisis To Grab More Power
The EU Uses Every Crisis To Grab More Power Jean Claude Juncker held a speech yesterday that had, oh irony, been labeled a State of the Union. A perfect way of showing how pompous Juncker and his surroundings have become. A perfect way, too, to point out how much the European Union differs from the […]
The Real Refugee Problem – And How To Solve It
The Real Refugee Problem – And How To Solve It Last week Europe saw one of its worst crises in decades. Tens of thousands of migrants entered the European Union via Hungary, demanding passage to their hoped-for final destination, Germany. While the media focuses on the human tragedy of so many people uprooted and traveling […]
U.S. Drops Bombs; EU Gets Refugees & Blame. This Is Insane
U.S. Drops Bombs; EU Gets Refugees & Blame. This Is Insane Starting in 2011 in Libya, the United States dropped bombs on Libya in order to replace its pro-Russian dictator, Muammar Gaddafi. The EU is now tearing itself apart with guilt-feelings at European nations’ responses to the refugee-crisis that was caused by this […]
Globalized Crisis
Globalized Crisis If there is a bright side to the turmoil that has roiled the global economy since 2008, it is that not every part of the world has erupted simultaneously. The first blow was the subprime mortgage crisis in the United States, to which Europeans responded with self-satisfied reflections on the superior resilience of […]
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 […]
Europe’s Rising Fear of Upheaval in Spain
Europe’s Rising Fear of Upheaval in Spain After just over three and a half years of “radical” market reforms Spain is now a lean, fit economic machine – according to the Financial Times. Despite a few minor blemishes, such as a 22% official unemployment rate and 50% youth unemployment, the Spanish Premier Mariano Rajoy’s economic record […]
The Myth of a Russian ‘Threat’
The Myth of a Russian ‘Threat’ Not a week goes by without the Pentagon carping about an ominous Russian “threat”. Chairman of the Joint Chiefs of Staff Martin Dempsey entered certified Donald “known unknown” Rumsfeld territory when he recently tried to conceptualize the “threat”; “Threats are the combination, or the aggregate, of capabilities and intentions. Let me set aside for the moment, intentions, because I […]
