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The Only Real Europe is Greece
The Only Real Europe is Greece Eugene Delacroix Greece expiring on the Ruins of Missolonghi 1826European Commission president Jean-Claude Juncker, famous for his imbibition capacity and uttering -not necessarily in that order- the legendary words “when it becomes serious, you have to lie”, presented his State of the Union today. Which is of pretty much […]
“We’re Now Seeing Bubbles Everywhere” – Deutsche Bank Boss Urges End To “Era Of Cheap Money”
“We’re Now Seeing Bubbles Everywhere” – Deutsche Bank Boss Urges End To “Era Of Cheap Money” The head of Germany’s largest commercial bank warned of the fallout from cheap money, cautioning against using the strong euro as a justification for printing more. Bloomberg reports that the Deutsche Bank Chief Executive Officer John Cryan called for an end to […]
Catalan Bid for Independence Seen in Broader Context of European Disintegration
Catalan Bid for Independence Seen in Broader Context of European Disintegration Catalonia’s secession movement has been growing in Spain for decades. The region has its own language and culture. On August 28, two pro-independence parties in Catalonia, the Junts Pel Sí («Together For Yes») coalition and the radical-left Popular Unity Candidacy (CUP), submitted a bill […]
Inflating the Russian Threat
Inflating the Russian Threat Exclusive: The U.S. mainstream media, led by The New York Times, has behaved as classic propagandists, hyping a Russian military “threat” and promoting a new Cold War hysteria, as Jonathan Marshall describes. Readers of the New York Times have more to sweat about than hot summer weather in the Big Apple. […]
US deployment of new B61-12 nukes to Europe would violate non-proliferation treaty – Moscow
US deployment of new B61-12 nukes to Europe would violate non-proliferation treaty – Moscow © AiirSource Military / YouTube Washington will violate its commitment to the Non-Proliferation Treaty if it deploys the new B61-12 nuclear bombs to NATO allies in Europe, the Russian Foreign Ministry has warned. The statement comes after the recent second test […]
Gas Games in the Eastern Mediterranean are Threatening Europe
Gas Games in the Eastern Mediterranean are Threatening Europe The European Commission is offering European consumers the so-called Southern Gas Corridor, which provides for the supply, in particular, of Azerbaijani and Central Asian gas along the Turkey–Greece–Italy route. The project’s potential participants have their own interests, however, and are divided by long-standing antagonisms that are […]
European Floods and Fake Science
European Floods and Fake Science I wrote a post a couple of weeks ago targeting the BBC for biased reporting on energy and climate issues. It was never published because in writing it I realised that the the problem did not necessarily lie with the BBC but with the climate science fraternity. Another alarmist article […]
Freedom and the Fear of Self-Responsibility
FREEDOM AND THE FEAR OF SELF-RESPONSIBILITY Liberty is under a renewed challenge and attack in the contemporary world. From “political correctness” and its accompanying growing totalitarian closed-mindedness at institutions of higher learning in both America and Europe, to the rebirth of economic nationalism with its rejection of freedom of trade, investment and people in places […]
Trump Will Now Become the War President
Trump Will Now Become the War President President Trump has been defeated by the military/security complex and forced into continuing the orchestrated and dangerous tensions with Russia. Trump’s defeat has taught the Russians the lesson I have been trying to teach them for years, and that is that Russia is much more valuable to Washington […]
Zombie Corporations Litter Europe, Kept Alive by ECB
Zombie Corporations Litter Europe, Kept Alive by ECB Bank of America says 9% of European firms have subpar interest coverage. Bloomberg covers the story in its report Zombie Companies Littering Europe May Tie the ECB’s Hands for Years. Watch out for the zombies. The plethora of companies propped up by the European Central Bank will limit policy […]
Many European Banks Would Collapse Without Regulators’ Help: Fitch
Many European Banks Would Collapse Without Regulators’ Help: Fitch Only two things keep these banks alive: “a State willing to support them and a regulator that does not declare them insolvent.” Dozens of Greek, Italian, Spanish and even German lenders have volumes of troubled assets higher or similar to that of Spain’s fallen lender Banco […]
Will Central Banks Derail The Shale Boom?
Will Central Banks Derail The Shale Boom? The U.S. Federal Reserve has already increased interest rates several times, most recently in June, with promises to do much more. Rate hikes pose a problem for the oil industry, which has used debt to underpin a drilling boom across the U.S. shale patch. Higher rates could raise […]
European Gas Security 2017
European Gas Security 2017 On 22nd June, The Telegraph published an interesting article called Germany’s gas pact with Putin’s Russia endangers Atlantic alliance where Ambrose Evans-Pritchard made many of the correct observations but also managed to make some odd comments too. The article focussed on proposals to build Nord Stream II that would pipe more Russian […]
“Massive Cyberattack” Spreads Across Europe, Hits Ukraine, Russia, UK, Denmark
“Massive Cyberattack” Spreads Across Europe, Hits Ukraine, Russia, UK, Denmark Update 2: RUSSIAN CENBANK SAYS AS A RESULT OF ATTACKS THERE HAVE BEEN ISOLATED CASES WHERE IT SYSTEMS INFECTED * * * Update: in addition to the below listed companies, all of which appear to have been targeted in the global cyberattack including Russia’s Rosneft […]
NATO Holds Defense Drill Simulating Russian Invasion Of Baltics
NATO Holds Defense Drill Simulating Russian Invasion Of Baltics NATO officials are growing increasingly nervous about the possibility of an invasion of the Baltic states ahead of Russian wargames planned this fall on the border of Belarus and Poland that could involve as many as 100,000 troops. That “anxiety” was on display this week, when […]
