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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 […]
Migrant Crisis & Syria War Fueled By Competing Gas Pipelines
Migrant Crisis & Syria War Fueled By Competing Gas Pipelines Don’t let anyone fool you: Sectarian strife in Syria has been engineered to provide cover for a war for access to oil and gas, and the power and money that come along with it. Editor’s note: This article has been updated to reflect recent Wikileaks […]
Buiter: Only “Helicopter Money” Can Save The World From The Next Recession
Buiter: Only “Helicopter Money” Can Save The World From The Next Recession It is to be expected that economists – even economists working for the same team – have different views about the likelihood of different future outcomes. Economics isn’t rocket science, and even rockets frequently land in the wrong place or explode in […]
Lack Of Alternatives Sees EU Sign New Russian Gas Deals
Lack Of Alternatives Sees EU Sign New Russian Gas Deals Several recent gas deals will tie Russia and Germany closer together. Russia’s Gazprom announced an agreement on asset swaps with European partners including OMV, BASF, E.ON, and Royal Dutch Shell. The deals will kick start the Nord Stream gas pipeline expansion and also give Gazprom a greater […]
In Major Escalation, Washington Demands Greece Blocks Its Airspace For Russian Flights To Syria
In Major Escalation, Washington Demands Greece Blocks Its Airspace For Russian Flights To Syria Last week, when reporting that at least according to the White House,Russian presence in Syria is no longer disputed, we said that regardless if Russian troops are indeed on the Syrian ground, this admission that the current Syrian state of play “effectively ends […]
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 […]
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 […]
Tsipras Reportedly Set To Step Down, Call Snap Elections As Early As Today
Tsipras Reportedly Set To Step Down, Call Snap Elections As Early As Today As Greece struggled to seal the deal on its latest bailout agreement with creditors, it became abundantly clear that embattled PM Alexis Tsipras was going to have a difficult time preserving his coalition government. In short, the Syriza defections were mounting with […]
Euro ministers give blessing to Greek bailout, wooing IMF on debt
Euro ministers give blessing to Greek bailout, wooing IMF on debt Euro zone finance ministers have agreed to lend Greece up to 86 billion euros ($96 billion) after Greek lawmakers accepted their stiff conditions despite a revolt by supporters of leftist Prime Minister Alexis Tsipras. Assuming approval by the German and other parliaments, 13 billion […]
EU Aims to Lure Greek Deposits Back to Banks With Bail-in Shield
EU Aims to Lure Greek Deposits Back to Banks With Bail-in Shield Euro-area finance ministers shielded Greek bank depositors from any losses resulting from the restructuring of the nation’s financial system, as part of Friday’s deal on an 86 billion-euro ($96 billion) bailout. Senior bank bondholders will be in the crosshairs if Greek lenders tap […]
Greece – A Mystery and the Core of the Problem
Greece – A Mystery and the Core of the Problem The Industrious Greeks Mystery In the course of the Greek crisis, animosities between creditor countries like Germany and Greece didn’t take long to surface. They were fired up in the tabloid press, which was quick to revive various stereotypes. In Greece, Germans soon found themselves […]
Power and Compassion
Power and Compassion Time to tackle a topic that’s very hard to get right, and that will get me quite a few pairs of rolling eyes. I want to argue that societies need a social fabric, a social contract, and that without those they must and will fail, descend into chaos. Five months ago, I […]
We are all Greece
We are all Greece The cast of heroes and villains in Greece’s ongoing battle to save its economy varies depending on who’s telling the story. One simplified narrative depicts the German people as rich and callous overlords inflicting hardship on the downtrodden Greeks. The austerity measures they insist upon are essentially meant to punish the […]
