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Greece at the Crossroads: the Oligarchs Blew It
Greece at the Crossroads: the Oligarchs Blew It Once one oligarchy falls, it will threaten to topple a long line of oligarch dominoes. A great many narratives invoking Greece are being tossed around, but only one really encapsulates the unvarnished truth: the Oligarchs blew it. The oligarchs in both Greece and the European Union/ECB had the […]
Greek election: It’s really up to the ECB and EU now
Greek election: It’s really up to the ECB and EU now The result was worse than expected whatever the final outcome – the anti-austerity vote is massive, but it could be an empty gesture as Greece in reality has little choice: Comply with the Troika or leave the EUR. I doubt the later will happen […]
Mariupol-Donetsk-Frunza! Can Poroshenko Escape Crimes Against Humanity Trial?
Mariupol-Donetsk-Frunza! Can Poroshenko Escape Crimes Against Humanity Trial? A little over a week ago Petro Poroshenko ordered an all out assault on Donetsk and Lugansk People’s Republics. Faced with massive losses during the first few days the Poroshenko regime has resorted unsuccessfully to get both republic’s listed as terrorist organizations by the EU and United […]
Anti-austerity Syriza sweeps Greece parliamentary poll
Anti-austerity Syriza sweeps Greece parliamentary poll Party’s leader Alexis Tsipras, who wants to renegotiate EU and IMF bailout terms, set to become next prime minister. Syriza, a radical left party, has swept to power in Greece promising to end years of painful austerity policies, in an election victory that puts the country on a collision course […]
EU austerity faces rising public anger
EU austerity faces rising public anger Brussels, Belgium – Outside the European Commission in Brussels late last month dozens of horn-blowing tractors from Belgium rolled ominously down roads usually reserved for the limousines belonging to this continent’s powerful politicians. Accompanied by throngs of demonstrators and surrounded by smoking hay stacks and burning effigies of leaders such […]
Gorbachev warns of major war in Europe over Ukraine
Gorbachev warns of major war in Europe over Ukraine BERLIN, Jan 9 (Reuters) – Former Soviet leader Mikhail Gorbachev warned that tensions between Russia and European powers over the Ukraine crisis could result in a major conflict or even nuclear war, in an interview to appear in a German news magazine on Saturday. “A war […]
EU Banned Pesticides to Help Bees, But Now Other Bugs Are Invading
EU Banned Pesticides to Help Bees, But Now Other Bugs Are Invading The European Union has a bug problem. After regulators in late 2013 banned pesticides called neonicotinoids, linked in some studies to the unintended deaths of bees, farmers across the continent applied older chemicals to which many pests had developed a resistance, allowing them […]
The Deflation Calamity Howlers Are Dead Wrong—-In Europe And Everywhere Else
The Deflation Calamity Howlers Are Dead Wrong—-In Europe And Everywhere Else The calamity howlers of deflation are out in force this morning owing to an absolute economic non sequitur. Namely, that year-on-year consumer prices in the EU came in at negative 0.2% in December, implying that ECB printing presses need to go into immediate overdrive. Well, of course the CPI […]
EU Showdown: Greece Takes on the Vampire Squid
EU Showdown: Greece Takes on the Vampire Squid Greece and the troika (the International Monetary Fund, the EU, and the European Central Bank) are in a dangerous game of chicken. The Greeks have been threatened with a “Cyprus-Style prolonged bank holiday” if they “vote wrong.” But they have been bullied for too long and are saying “no more.” […]
Ukraine Will Have Russian Gas, For Now
Ukraine Will Have Russian Gas, For Now Kiev’s payment of $150 million to the Russia’s government-owned gas monopoly Gazprom will keep supplies flowing into Ukraine for at least the first quarter of 2015. Gazprom said Dec. 31 that Ukraine’s gas company, Naftogaz, had paid in advance for 1 billion cubic meters of Russian gas, including 300 million […]
‘Something wrong with Ukraine, EU’: Czech leader condemns ‘Nazi torchlight parade’
‘Something wrong with Ukraine, EU’: Czech leader condemns ‘Nazi torchlight parade’ The chilling slogans and a flagrant demonstration of nationalist symbols during the neo-Nazi march in Kiev reminded the Czech President Milos Zeman of Hitler’s Germany. He said something was “wrong” both with Ukraine and the EU which didn’t condemn it. Zeman was commenting on […]
1000s rally in Hungary, accuse govt of drifting away from EU (PHOTOS, VIDEO)
1000s rally in Hungary, accuse govt of drifting away from EU (PHOTOS, VIDEO) Thousands of people have flooded on to the streets of Budapest to protest against the government of Prime Minister Viktor Orban. Protesters accused him of drifting away from the EU and strengthening ties with Russia. The protesters carried banners, saying “Game Over” and “Delete Viktor […]
Greek ‘political blackmail’ of EU won’t work anymore, says top Merkel party member — RT News
Greek ‘political blackmail’ of EU won’t work anymore, says top Merkel party member — RT News. With the possibility of a leftist anti-austerity party dominating Greek elections later this month, a high-ranking member of German Chancellor Angela Merkel’s party has said Greece could no longer “blackmail” the EU. Michael Fuchs, an MP for Merkel’s Christian […]
The Vineyard of the Saker: 2014 “End of Year” report and a look into what 2015 might bring
The Vineyard of the Saker: 2014 “End of Year” report and a look into what 2015 might bring. Introduction: By any measure 2014 has been a truly historic year which saw huge, I would say, even tectonic developments. This year ends in very high instability, and the future looks hard to guess. I don’t think […]
The Year in 5 Narratives – The Automatic Earth
The Year in 5 Narratives – The Automatic Earth. Let’s see, how do we close this year in a proper manner? I already wrote that 2014 for me has been The Year Propaganda Came Of Age. Likewise, looking forward, I said that The Biggest Economic Story Going Into 2015 Is Not Oil. Moreover, I talked about things […]
