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Debt Brakes and Treaty Requirements About to Smash the EU
Debt Brakes and Treaty Requirements About to Smash the EU The EU has launched an Excessive Debt Proceeding against France. It won’t stop there. Debt Proceedings Please note the EU Rebukes France, Italy and Others Over Excessive Debt. The assessments of the 27 EU states’ budgets and economies will be published by the European Commission on […]
EU Prepares to Tighten Screws on Russian LNG Imports
EU Prepares to Tighten Screws on Russian LNG Imports In a move that could reshape Europe’s energy landscape, the European Commission is poised to propose new sanctions targeting Russian liquefied natural gas (LNG) imports. According to Reuters sources close to the matter, the proposed measures will include a ban on shipments within the EU and […]
Cities are often 10-15 °C hotter than their rural surroundings
Cities are often 10-15 °C hotter than their rural surroundings A recent global study conducted by the Joint Research Centre looks at the difference between surface temperatures of urban areas and their neighbouring rural areas in summer. Worldwide, more than half of the people live in cities, and the share of city dwellers is projected to […]
Poland’s central bank predicts double-digit inflation until 2024
Poland’s central bank predicts double-digit inflation until 2024 (Natural News) The National Bank of Poland (NBP) has predicted that the Central European nation will be saddled with high inflation for the next two years. According to the NBP, yearly inflation will hit 14.5 percent in 2022 and drop to 13.1 percent in 2023. Single-digit rates will […]
Debt is the Hidden Issue in The European Elections
Debt is the Hidden Issue in The European Elections The citizens of the European Union are called to vote this week for the European Parliament. It is not a real parliament, and it lacks prospects for becoming one, since all important decisions are taken by the unelected heads of the European Commission and the European […]
Europe: More Nifty Censorship from the EU
Europe: More Nifty Censorship from the EU Sadly, the main victims of many of the abuses that the European Commission seemingly wishes to silence are often Muslims, often women and children, and often too scared to speak out. One of the foremost tools used by the EU is its “Code of conduct on countering illegal […]
Salvini Threatens To Collapse Italy’s Government If Deficit Target Is Changed
Salvini Threatens To Collapse Italy’s Government If Deficit Target Is Changed Italy’s Deputy Prime Minister Matteo Salvini escalated the ongoing standoff between the EU and Italy, saying he would bring down the government if the coalition’s budget deficit target was changed. The remarks by Salvini, Italy’s de facto leader who has been enjoying a steady climb […]
In Unprecedented Clash, EU Rejects Italy’s Budget, Paves Way For Sanctions
In Unprecedented Clash, EU Rejects Italy’s Budget, Paves Way For Sanctions Yields on Italian government bonds fell on Wednesday morning as the euro climbed following reports that Italy’s ruling coalition might be open to reviewing its budget plan. Though the Italian government swiftly denied the reports about being open to changes in its plan, the […]
60% Of Italians Think EU Is Bad For Italy
60% Of Italians Think EU Is Bad For Italy If the European Commission does levy billions of fines against the Italian government (or enforce some other punishment), some “60 million Italians will rise up” against the trade bloc – or at least that’s what a clearly frustrated Deputy Prime Minister Matteo Salvini told a group […]
Beware Fireworks As Italy’s Budget Resubmission Deadline Looms
Beware Fireworks As Italy’s Budget Resubmission Deadline Looms With stocks in Europe attempting a modest relief rally after yesterday’s sharp selloff, traders remain on edge over political developments as today is the deadline for Italy’s cabinet to resubmit their budget proposal after the EC requested a new fiscal plan. Virtually nobody expects any material changes, […]
Why’s France so Worried about Italy’s Showdown with Brussels?
Why’s France so Worried about Italy’s Showdown with Brussels? The French megabanks are on the hook. France was just served with a stark reminder of an inconvenient truth: €277 billion of Italian government debt — the equivalent of 14% of French GDP — is owed to French banks. Given that Italy’s government is currently locked […]
French FinMin: The Euro Zone Is Not Prepared To Face A New Crisis
French FinMin: The Euro Zone Is Not Prepared To Face A New Crisis Europe finds itself at a troubling crossroads: while on one hand the official narrative emanating from Brussels and Berlin (and, of course, the ECB) is that there is no risk of contagion from Italy’s budget crisis in the European Union, on the […]
Europe’s self-destructive war on Italy
Europe’s self-destructive war on Italy Illustrated | SERGEI CHIRIKOV/AFP/Getty Images, ANDREAS SOLARO/AFP/Getty Images, ALBERTO PIZZOLI/AFP/Getty Images Italy and the European Union are headed for a throwdown. Italy’s new government wants to help its citizens following years of grinding economic immiseration. And the EU is hellbent on stopping them, all in the name of neoliberal budget […]
