Home » Posts tagged 'Handelsblatt'

Tag Archives: Handelsblatt

Olduvai
Click on image to purchase

Olduvai III: Catacylsm
Click on image to purchase

Post categories

Post Archives by Category

Napoleon Reborn: We Need A “European Empire” To Challenge US And China, French Minister Says

As increasingly unpopular French President Emmanuel Macron’s calls for creating a “Real European Army” have been met with ridicule from President Trump, who has insisted that Macron should first try meeting France’s NATO commitments…

…Another senior French official upped the aggressive rhetoric in an interview published on Monday, saying that Europe shouldn’t be afraid of using its power to become “a peaceful empire” to help it stand up to China and the US. French Finance Minister Bruno Le Maire made the comments in an interview with Germay’s Handelsblatt, which noted that Germany remains largely opposed to such a Continent-wide military alliance.

French

To be sure, Le Maire insisted that “I am using this phrase because, in tomorrow’s world, it’s going to be all about power…technological power, economic, financial, monetary, cultural power – all will be decisive. Europe cannot be shy any longer about using its power.”

Le Maire also hinted that there will be “decisions made” about a Continent-wide fighting force during an upcoming EU summit.

“We have talked about it for a long time. Now it’s time for decisions. And there will be decisions made on December 4, at the next meeting of the economy and finance ministers. I cannot imagine anything else.”

Because the people of Europe have had enough of the “babble from Brussels.”

“Everybody knows it takes guts to stand in the way of Donald Trump’s administration,” Le Maire said. “The people of Europe have had enough of the babble from Brussels. They want to see action.”

…click on the above link to read the rest of the article…

Making plans for a new world order

Making plans for a new world order

US-HISTORY-AUCTION-FLAG
Who’s rescuing who now? A flag used by US troops in Normandy, France, on D-Day in 1944. Source: AFP

Henry Kissinger was recently asked if Donald Trump could not unintentionally become the force behind the birth of a new western order. His answer: It would be ironic but not impossible. Instead of narrowing our view across the Atlantic to the ever-changing whims of the American President, we should adopt the idea that this could be the start of something new. We can’t not hear what’s going on across the Atlantic every day via Twitter. But a tunnel view into the Oval Office distracts from the fact that America is more than Trump. “Checks and balances” work, as US courts and Congress demonstrate almost daily. The Americans are debating politics with new passion. That too is America in 2018.

The fact that the Atlantic has widened politically is by no means solely due to Donald Trump. The US and Europe have been drifting apart for years. The overlapping of values and interests that shaped our relationship for two generations is decreasing. The binding force of the East-West conflict is history. These changes began well before Trump’s election — and will survive his presidency well into the future. That is why I am skeptical when some ardent trans-Atlanticist simply advises us to sit this presidency out.

…click on the above link to read the rest of the article…

“Deutsche Bank May Ultimately Need A State Bailout” – Handelsblatt

“Deutsche Bank May Ultimately Need A State Bailout” – Handelsblatt

While the most recent set of troubles plaguing Deutsche Bank have been duly documented here, most recently yesterday when the stock price tumbled once again just shy of all time lows over fears the bank’s multi-billion DOJ settlement could severely impact its liquidity and/or solvency, this may be the first time we have heard the “n“-word tossed around in an official German publication: as Germany’s top financial newspaper, Handelsblatt said, “German financial officials reacted with shock and dismay to the leaking of a U.S. government demand for a $14 billion fine against Deutsche Bank, which may ultimately need a state bailout to pay the bill.

Some more details from the article titled “Deutsche Bank in New Existential Crisis“:

Discussion of Deutsche Bank’s shaky capitalization has burst back to life, with renewed speculation on whether Chief Executive John Cryan will be forced to raise new capital, which he had previously ruled out, or make emergency asset sales.

Some have even raised the possibility of a government bailout of Germany’s largest bank, which would be a defining event and a symbolic blow to the image of Europe’s largest economy. 

And some more troubling truth:

Many analysts fear the bank may be in a vicious circle, with losses and cancelled dividends pushing down share prices and preventing the rebuilding of a capital buffer.

One thing is clear. With this many unresolved legal issues, any recapitalization is likely to mean selling new shares at knock-down prices. One bright spot for the bank may be ongoing negotiations with finance company Phoenix Group for the sale of Abbey Life, its British insurance subsidiary.

Phoenix recently confirmed talks were at an advanced stage. Any sale would bring €1 billion into Deutsche Bank’s coffers – a welcome sum, but not enough to solve the bank’s problems.

…click on the above link to read the rest of the article…

Olduvai IV: Courage
Click on image to read excerpts

Olduvai II: Exodus
Click on image to purchase

Click on image to purchase @ FriesenPress