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There’s No Stopping The World’s Most Politically Charged Pipeline
There’s No Stopping The World’s Most Politically Charged Pipeline This week, Denmark granted Gazprom approval for its Nord Stream 2 gas pipeline project, a project that is set to bring 55 billion cubic meters of Russian gas into Europe annually. It is one of the most controversial pipeline projects in the world and is now moving ahead […]
Poland: Zero Emissions Is A Trillion-Dollar Fantasy
Poland: Zero Emissions Is A Trillion-Dollar Fantasy Reducing emissions in Poland to zero will cost the country between $760 and $980 billion (700-900 billion euro), said Energy Minister Krzysztof Tchorzewski, as quoted by Reuters. “Of course, these costs would obviously be spread over years. But I treat it as a fantasy when someone says that Poland is […]
Europe: The cracks are beginning to showIs the EU experiment coming to an end? Europe considers its options
Europe: The cracks are beginning to showIs the EU experiment coming to an end? Europe considers its options THE NATO BUILD-UP 2014: The expansion of NATO in the late 20th and early 21st centuries had posed a serious strategic threat to Russia’s security. In 1999 the Czech Republic, Hungary and Poland joined NATO. In 2004 […]
Unsettled Weather
Unsettled Weather After leaving the Bahamas for dead, Hurricane Dorian barely grazed the US mainland en route to the Canadian shoals of oblivion, perhaps saving America’s insurance industry. But the steamy west coast of Africa is hurling out a cavalcade of replacements as the high season for Atlantic storms commences, so better keep the plywood […]
EU Bank Bosses Warn Of “Grave Consequences” If ECB Keeps Cutting Rates
EU Bank Bosses Warn Of “Grave Consequences” If ECB Keeps Cutting Rates The ECB’s imposition of negative interest rates have created an “absurd situation” in which banks don’t want to hold deposits, rages UBS CEO Sergio Ermotti, arguing that this policy is hurting social systems and savings rates. Ermotti is not alone. As European bank bosses […]
EU Antitrust Chief: “Google And Facebook Are Sucking Up Data From Every Corner”
EU Antitrust Chief: “Google And Facebook Are Sucking Up Data From Every Corner” This is the full transcript of speech delivered by Margrethe Vestager, the European Union Antitrust Chief, held at the Business Forum of the German Ambassadors’ Conference, Berlin, 27 August 2019: Ladies and gentlemen, It’s a great pleasure, and an honour, to be here with you […]
In Major Threat To Dollar’s Reserve Status, Russia Offers To Join European SWIFT-Bypass
In Major Threat To Dollar’s Reserve Status, Russia Offers To Join European SWIFT-Bypass Three weeks after a meeting between the countries who singed the Iran nuclear deal, also known as the Joint Comprehensive Plan of Action (JCPOA), which was ditched by US, French, British and German officials said the trade mechanism which was proposed last summer – […]
Iran To UK: We’ll Continue Oil Exports “Under Any Conditions” As Detained Tanker Crew Released
Iran To UK: We’ll Continue Oil Exports “Under Any Conditions” As Detained Tanker Crew Released As the “tanker wars” continue Iran’s Foreign Minister Mohammad Javad Zarif warned his British counterpart Jeremy Hunt in a telephone call on Saturday that Iran plans to continue its oil exports “under any conditions”. Zarif also repeated Iranian demands for the UK to release the […]
The Strange Case Of Chrystia Freeland And The Failure Of The “Super Elite”
The Strange Case Of Chrystia Freeland And The Failure Of The “Super Elite” Canadian Foreign Minister Chrystia Freeland has become a bit of a living parody of everything wrong with the detached technocratic neo-liberal order which has driven the world through 50 years of post-industrial decay. Now, two years into the Trump presidency, and five […]
British Marines Seize Oil Tanker Headed For Syria In “Aggressive” Operation
British Marines Seize Oil Tanker Headed For Syria In “Aggressive” Operation A huge development Thursday regarding enforcement of Iran sanctions and the West’s economic war on both Damascus and Tehran: British Royal Marines seized an oil tanker in Gibraltar off Spain’s southern coast while it was en route to Syria in what’s being called an unprecedented and […]
Markets are being Lulled into a False Sense of Accommodation
Markets are being Lulled into a False Sense of Accommodation Those who take an interest in the actions of central banks will know that the advent of Brexit and Donald Trump’s presidency has seen the direction of monetary policy gradually change in both the UK and the U.S. Since the EU referendum, the Bank of England […]
Italian Yields Jump As Salvini Threatens To Crash Government
Italian Yields Jump As Salvini Threatens To Crash Government Clearly emboldened by the EU Parliamentary results, where the League won a plurality of the vote in Italy, Matteo Salvini on Thursday sent BTP yields higher by threatening to crash the Italian government if the Five Star Movement doesn’t back his tax-cut plan. BTP yields have […]
EU Threatens to Legalize Human Harm From Pesticides
EU Threatens to Legalize Human Harm From Pesticides ILSI-Europe Headquarters, Brussels. Photo: PAN Europe Current EU regulations forbid human exposure to pesticides that are classified as mutagenic, carcinogenic, reprotoxic (toxic for reproduction), persistent or capable of disrupting endocrine systems. By virtue of these and other protective measures EU regulations are considered the gold standard in […]
Can the EU Survive the Next Financial Crisis?
Can the EU Survive the Next Financial Crisis? Despite the ECB’s subsidy of the Eurozone’s banking system, it remains in a sleepwalking state similar to the non-financial, non-crony-capitalist zombified economy. Gone are the heady days of investment banking. There is now a legacy of derivatives and regulators’ fines. Technology has made the over-extended branch network, […]
Blain: When This Insane Monetary Experiment Ends You Will Have Zero Chance To Exit
Blain: When This Insane Monetary Experiment Ends You Will Have Zero Chance To Exit This is the day the UK isn’t exiting Europe. Surprised? Not really. Think I’ll try something different this morning – a review of the week touching on some of the key themes we should be thinking about. Let me know what […]
