EUROPE | WHAT REALLY HAPPENED


EUROPE

Oct 26 07:41

13 European Banks Don't Have Enough Money To Survive A Financial Crisis

The European Central Bank said on Sunday that 25 eurozone banks showed a capital shortfall, after a year-long review of finances for 130 of the largest banks in the euro area.

Webmaster's Commentary: 

"No problem; we'll just print a whole bunch more out of thin air and loan it to them at interest!" -- Money Junkies

Oct 24 10:25

"We won't pay," furious Cameron tells EU over surprise budget

In a vivid display of public fury at European Union technocrats, British Prime Minister David Cameron refused to pay a surprise 2.1-billion-euro bill on Friday as EU leaders ordered an urgent review of how the budget figures were arrived at.

As Eurosceptics at home leapt on news that the EU executive -- branded a "thirsty vampire" -- had demanded a sum worth about one seventh of London's annual payment after a major statistical review of national incomes, Cameron demanded action from fellow leaders at a summit calling the bill "completely unacceptable".

He found some sympathy - a visibly furious Cameron told a news conference that Italian Prime Minister Matteo Renzi had also lambasted "bureaucrats without a heart", who made it harder to persuade citizens of the Union's value.

Webmaster's Commentary: 

If England refuses to pay, the whole pyramid will collapse, triggering an estimated $95 trillion in credit default swaps sold my Wall Street, for which they do not have the cash to pay. So, will Obama now declare war on Great Britain to force them back into the obedience of the private central bankers?

Oct 24 09:32

Hands off our hookers' and dope dealers' money, U.K. tells E.U.

The European Union has ordered the U.K. to pay an extra €2.1 billion ($2.65% billion) into its central budget by December, once again inflaming the British sense of grievance at the perceived machinations of unelected Eurocrats in Brussels.

...

Cameron himself tweeted that he was “angry at the sudden presentation of a €2 billion bill,” adding: “It’s an appalling way to behave and I won’t be paying it on Dec. 1.”

In one sense, at least, they are right. It is unfair, because one thing is for sure: whatever happens, it won’t be U.K.’s coke dealers and hookers who end up paying that €2.1 billion.

Oct 22 12:48

Denmark's central bank to stop producing money

With more and more people paying with credit cards and their smartphones, Denmark’s central bank Nationalbanken says it no longer pays to print banknotes or mint coins.

Webmaster's Commentary: 

And how do they pay when the cloud goes down (again)?

Oct 22 07:05

EU seeks talks with Israel over ‘red lines’ in West Bank

The European Union is interested in opening negotiations with Israel with the aim of preventing a series of Israeli moves in the West Bank deemed “red lines” which may jeopardize the possibility of a future Palestinian state alongside Israel, an internal EU document obtained by Haaretz reveals. Officials in the Israeli Foreign Ministry are concerned the negotiations are a prelude to further European sanctions against Israel.

Oct 21 15:20

Moldova commits economic suicide for Brussels

During the last CIS summit in Minsk, an unpleasant incident occurred. The journalists, who could hardly hear what the presidents of Moldova and Russia were talking about, assumed that, at some point, the presidents were going to have a verbal fight with each other. The presidents were talking about the Association of Moldova with the EU and the introduction of Russia's sanctions in response.

The unpleasant incident with the verbal fight, which Moldovan President Timofti started at the summit in Minsk, was not incidental.

Oct 21 10:03

Greece Is In Full-Blown Stock Market Collapse

As if the world didn't have enough to be worried about (ISIS, Ebola, slowing China, Ukraine, slowing Germany, Fed tightening, etc.) now look what's back: Greece. And in a big way.

The stock market is down over 9% on Wednesday, which is about as big as crashes come.

Oct 21 08:15

Italian police uncover €1.7bn corporate fraud

Italian police have uncovered a fraud which they say has cost Italian taxpayers €1.7bn (£1.3bn; $2.2bn).

Two businessmen are accused of setting up the scheme, which used false invoices to bill the state for non-existent security, cleaning and other services.

The fraud, which dates back to 2001, involved 62 people, the police say.

Oct 21 07:52

Swedish Forces Admit Failure, Issuing False Information on Alleged Foreign Submarine Location

On Sunday, Sweden's Armed Forces released a photograph of an object, suspected to be a foreign submarine in the Stockholm archipelago and a map, allegedly showing where the photo was taken. The area of the sighting was reported to be Jungfrufjärden, a fjard near the settlement of Dalarö south of Stockholm.

However, an investigation carried out by Sweden's public broadcaster SVT showed that no locations in the area matched the photograph. After being confronted by the SVT's journalists, Swedish forces admitted issuing false information to avoid "helping foreign powers".

Oct 21 07:48

Israel excluded from war games in Italy following protests

The Israeli air force has been removed from the list of armed forces now taking part in multinational military training exercises on the Italian island of Sardinia following a campaign by anti-war activists.

Oct 21 07:36

An American Warden Visited A Norwegian Prison, And He Couldn't Believe What He Saw

In an excerpt from a made-for-TV documentary called "The Norden," Jan Stromnes, deputy head of the prison, takes Conway on a tour of the premises — and he couldn't believe what he saw.

"I'm having a hard time believing that I'm in a prison," Conway said in the documentary, reported on by the blog Finansakrobat.

Oct 21 07:18

Counterfeit Euro bank notes in circulation in Gothenburg, Sweden

Police in Gothenburg have been about twenty cases involving counterfeit notes in shops and exchange offices in September. Now go out and Gothenburg Police warn of fraud.

Oct 21 07:10

Swedish banks question customers to comply with US tax rule

All Swedish bank customers will soon be required to prove that they do not owe taxes in the United States according to a new agreement between the countries, and some critics claim it may break EU rules.

Oct 20 14:46

Sweden Admits the 'Russian' Was a Dutch Submarine

Oct 20 14:32

Mysterious ‘Russian sub’ off Sweden may be Dutch – Defense Ministry source

Swedish authorities reportedly searching for a Russian submarine in its waters are probably looking in the wrong direction. The sub is probably Dutch, a source in the Russian Defense Ministry told RT.

Earlier Swedish media reported that the nation’s navy is looking for a submarine in the Baltic Sea, possibly belonging to Russia.

Russia said there was no substance in reports of the Russian connection in the story.

“On Sunday the Russian Defense Ministry provided whatever aid it could to the Swedes in their futile search,” the source commented.

The source added that if the Swedish Navy wanted to spare taxpayers’ money and nerves, they should turn to The Netherlands.

The country’s Walrus-class diesel-electric submarine Bruinvis was in the Baltic Sea last week, not far from Stockholm.

Oct 20 07:55

Military orders civilians to keep their distance

The hunt for foreign underwater activity near Stockholm entered its fourth day on Monday as Sweden’s armed forces vowed to keep searching “day and night” for what media reports suggest may be a damaged Russian vessel.

“The operation is continuing day and night with undiminished resource,” said military spokesman Dag Enander.

In the morning, the armed forces deployed military vessels and land troops in the Stockholm archipelago, from Möja in the north to Ornö in the south.

By midday, the HMS Stockholm corvette had made its way further south to Nåttarö. The military ordered civilian boats to stay at least ten kilometres away from the warship. It did not give a reason.

Webmaster's Commentary: 

One good reason might be if this is a repeat of the Kursk incident where the Russian submarine was accidentally rammed and sunk by a US sub.

Oct 19 11:15

Sweden hunts damaged Russian sub

Swedish signals intelligence officials first heard an emergency call on Thursday evening, the newspaper said. Fourteen hours later, at around midday on Friday, a foreign vessel was spotted in the Stockholm archipelago.

Sweden intercepted further communications after it began its military operation in the waters off Stockholm, as encrypted messages were relayed between transmitters in the Stockholm archipelago and the Russian enclave Kaliningrad, SvD said.

The Swedish military said it could neither confirm nor deny the report.

An underwater craft in distress can be difficult to manoeuvre, which might explain why it was spotted above the waterline, the newspaper said.

Oct 19 11:14

Sweden on alert, deploys troops in alleged underwater threat

Sweden intensified its search for a suspected submarine in the waters east of Stockholm Sunday, after an operation was launched due to a report of 'foreign underwater activity.' The search was initiated following a tip-off from what Swedish authorities have called a "credible source."

Webmaster's Commentary: 

In other words, this is the staged provocation to really kick off a new European war.

Oct 18 08:27

It's Starting: Russians and Chinese Are Ditching the Dollar and Europeans Are Using Renminbi in Their Reserves

At present, US dollar accounts for roughly 61% of the world's foreign exchange reserves.

It's still a safe bet for most, not because the currency is actually strong, but because so many others are already so reliant on it.

Between those with reserves in and pegs to the US dollar, many countries have given their allegiance, and now have a vested interest in the health of the currency.

Due to this common interest, a sort of unofficial, involuntary alliance has been formed between them all.

Together, they’re all playing along, pretending that everything is fine. If the dollar collapses, they're all screwed, so they've got to get each other’s backs.

From the throne of the world’s reserve currency, the Federal Reserve, with the power to print the US dollar, feels dangerously omnipotent.

They can get away with just about anything. For now.

Oct 18 07:59

Putin urges Europe to help Kiev cover gas debts

The Russian President Vladimir Putin has called on Europe to provide Ukraine with a loan so that Kiev can cover its gas debts.

Oct 15 09:22

Italy lifts out of recession thanks to hookers, drugs

Italy learnt it was no longer in a recession on Wednesday thanks to a change in data calculations across the European Union which includes illegal economic activities such as prostitution and drugs in the GDP measure.

Webmaster's Commentary: 

Oct 14 09:13

EU TO WAGE DIPLOMATIC WAR AGAINST ISRAEL

Sweden recognized “Palestine” on the Jewish holiday of Yom Kippur, and on Monday the UK followed suit in a non-binding vote – now “frustrated” European officials reveal that they are ready to take their diplomatic war on Israel to the next stage.

Oct 14 07:10

Swiss Gold Referendum “Propaganda War” Begins

The referendum for the Swiss Gold Initiative is scheduled for November 30th and the propaganda war - between the Swiss National Bank (SNB) and the Swiss Parliament on one side and the Swiss People's Party (SVP) on the other - has begun and we expect it to escalate as the day draws nearer.

Webmaster's Commentary: 

Three guesses who opposes the measure! And the first two don't count. :)

Oct 14 07:02

Greece plans early exit from largest IMF rescue package in history

Athens has informed the International Monetary Fund (IMF) that it will end its obligations to the unpopular rescue program, which placed crippling austerity measures on the country, more than a year early.

Oct 13 10:01

Saudi Arabia's "Oil-Weapon" Hits Europe

We first exposed the "secret" US-Saudi deal in September which led to the inevitable bombing of Syria. We then progressed to explain the quid pro quo of the deal in lower oil prices (benefiting US consumers into an election and crushing Russian revenues). In today's Wall Street Journal we get the final piece of the puzzle as it is clear that what Saudi Arabia loses in 'price' it will make up in 'volume' as The Kingdom is taking the unusual step of asking buyers to commit to maximum shipments if they want to get its crude. Simply put, "they are threatening [European] buyers" to discontinue sales if they don't agree with the full fixed deliveries. The 'oil weapon' grows stronger...

Days after slashing prices in Asia, Saudi Arabia is now making an aggressive push in the European oil market, traders say.

The kingdom is taking the unusual step of asking buyers to commit to maximum shipments if they want to get its crude.

Webmaster's Commentary: 

So, the quid pro quo for slashing its prices was that the US was going to accomplish regime change in Damascus, ousting Al-Assad once and for all.

This bothers me tremendously, both morally and legally.

We are bombing a sovereign nation which has done absolutely nothing against the United States; we are destroying its oil infrastructure; its food infrastructure; and its civilian infrastructure (by bombing residential areas).

And why?!?

Ultimately, to force regime change in Teheran, something Tel Aviv and certain elements in DC want to see happen.

The P5+1 meetings regarding Iran's nuclear energy program are just for show, and I would almost bet real money that by the end of next month, there will be neither a viable agreement will be reached, nor a desperately-needed extension of these talks.

And again, members of our American military will fight, be killed outright, or maimed for live; all in the service of private, corporate, profit.

Oct 11 07:58

Fracking Setback in Poland Dims Hope for Less Russian Gas

Poland’s ambition to achieve energy independence from Russia is being undermined by drillers giving up on the nation’s shale wells after disappointing results.

The highest test flows during the country’s five-year search for unconventional gas were just 30 percent of what’s needed for commercial production, said Pawel Poprawa, a geologist at the AGH University of Science and Technology in Krakow. The number of active shale permits has fallen 43 percent from a high in January 2013 and explorers probably won’t extend all those expiring this year, according to Slawomir Brodzinski, the nation’s deputy environment minister.

Oct 10 07:56

An Election In A Tiny English Town Is An Ominous Sign That Europe Is Coming Apart

Last night, a small British nationalist party won its first seat in England's parliament.

In the tiny seaside town of Clacton, UKIP (The UK Independence Party) — a rising anti-EU party — scored a decisive win.

Oct 10 06:38

EU bans dairy products from Israeli settlements

The European Union (EU) has decided to ban imports of dairy products made in Israeli settlements of the occupied West Bank as of January.

Oct 10 06:29

Palestinian Christian Leaders: Europe Must Recognize the State of Palestine

In a Middle East region that continues to suffer from the consequences of violence, the people of Palestine continue to live under occupation and in exile. Palestinian Christians, the descendants of the first Christians, are an integral part of the Palestinian people, continue to suffer, just like our Palestinian Muslim and Samaritan brothers and sisters, we have been denied of our national and human rights for almost a century Heads of churches and Christian clergy in Jerusalem wrote in a letter send to European Union officials.

They said in the letter:"From Jerusalem, our occupied capital, we send our urgent message to the whole world and particularly to Europe: We are yearning for justice and peace. Recognizing Palestine and defining Israel's borders is a first step towards that goal".

Oct 09 09:45

EU Court Orders End to Sanctions on Iran Oil Shipping Company

After the deadline for appeal to a July ruling lapsed, the General Court of the European Union has once again ordered that the block immediately lift all sanctions on the National Iranian Tanker Company (NITC).

Oct 09 09:44

EU set to reassess ties if Israel doesn’t move on peace

Fed up with settlement expansion, officials in Brussels are working on punitive measures to be implemented as soon as the political leadership wants to do so

Oct 09 06:37

EU approves Hinkley Point nuclear power station as costs raise by £8bn

The European commission on Wednesday gave Britain the green light for a huge government subsidy that will open the way for the first atomic power stations to be built for nearly 20 years.

Oct 09 06:32

Spain - Three new patients isolated over Ebola fears

Three more health workers in Spain have been admitted to hospital for monitoring for Ebola on Wednesday night, including two doctors who had contact with a nurse who has been infected with the disease.

Oct 09 06:30

Serious Financial Trouble Is Erupting In Germany And Japan

There are some who believe that the next great financial crash will not begin in the United States. Instead, they are convinced that a financial crisis that begins in Europe or in Japan (or both) will end up spreading across the globe and take down the U.S. too. Time will tell if they are ultimately correct, but even now there are signs that financial trouble is already starting to erupt in both Germany and Japan. German stocks have declined 10 percent since July, and that puts them in "correction" territory. In Japan, the economy is a total mess right now. According to figures that were just released, Japanese GDP contracted at a 7.1 percent annualized rate during the second quarter and private consumption contracted at a 19 percent annualized rate. Could a financial collapse in either of those nations be the catalyst that sets off financial dominoes all over the planet?

Oct 08 07:26

Swiss Move to Back Franc with Gold for Real?

Asking the Swiss National Bank to hold a fixed portion of its assets in gold would hinder monetary policy, the government said today. Switzerland will vote on the initiative "Save Our Swiss Gold" on Nov. 30 that would force the central bank to hold at least twenty percent of its assets in gold. It would also forbid the sale of any such holdings and require all the gold be held in Switzerland. – Bloomberg

Oct 07 10:55

Poland urges NATO to push ahead with missle shield

Poland on Monday urged NATO's new secretary general to push ahead with a missile shield system amid the West's worst standoff with Russia since the Cold War.

"We firmly support the creation of this (missile shield) system as a pan-NATO one because only this makes deep sense both politically and in terms of defence," Poland's President Bronislaw Komorowski said at a joint press conference with NATO Secretary General Jens Stoltenberg.

The Western defence alliance insists the role of the planned shield is a "purely defensive" response to external threats, notably from so-called "rogue states", and is in no way directed against Russia.

But Moscow has taken a dim view of the project, seeing it as a security threat on its very doorstep.

The escalation of tensions with Russia since January over its role in the Ukraine crisis has sounded the alarm on NATO's eastern flank in countries that were under Moscow's thumb during the Soviet era.

Webmaster's Commentary: 

Excuse me, but WHAT Russian "...role in the Ukraine crisis..." are we talking about here?!?

The duly elected government of Ukraine was overthrown in a Western, ECB, EU, US-manufactured putsch, and thrown under a bus, at a cost of over 5 billion US dollars (while homeless Vets sleep in our streets, and US infrastructure crumbles.) As reported at hangthebankers.com in February of 2014:

The problem that has arisen between the US and EU with regard to Ukraine is that Europeans have realized that the takeover of Ukraine is a direct threat to Russia, which can cut Europe off from oil and natural gas, and if there is war completely destroy Europe. Consequently, the EU became willing to stop provoking the Ukraine protests. The response of the neoconservative, Victoria Nuland, appointed Assistant Secretary of State by the duplicitous Obama, was “fuck the EU,” as she proceeded to describe the members of the Ukraine government that Washington tended to impose on a people so unaware as to believe that they are achieving independence by rushing into Washington’s arms. I once thought that no population could be as unaware as the US population. But I was wrong. Western Ukrainians are more unaware than Americans. The orchestration of the “crisis” in Ukraine is easy. The neoconservative Assistant Secretary of State Victoria Nuland told the National Press Club in Washington on December 13, 2013, that the US has “invested” $5 billion in agitation in Ukraine. http://www.informationclearinghouse.info/article37599.htm The crisis essentially resides in western Ukraine where romantic ideas about Russian oppression are strong and the population is less Russian than in the eastern Ukraine.

After this happened, Crimea, in what was considered a free and fair election, with observers, decided to join the Russian Federation.

Russia has done nothing wrong here.

What the EU and US here has been wrong, period, end of discussion.

Oct 07 07:14

Ebola Contracted in Madrid Hospital Could Spread in Europe

A Spanish nurse treating Ebola patients in one of Madrid’s best hospitals came down with the disease – and exhibited symptoms for days before seeking treatment.

Oct 07 06:50

Europe's Triple-Dip Recession Arrives: German Industrial Production Crashes Most Since February 2009

Yesterday it was German manufacturing orders which cratered 5.7% in August following a freak, 4.9% rebound in July, prompting Goldman to warn that "the underlying dynamic has weakened further at the end of Q3" ...

... And then a few hours ago we finally got undeniable confirmation that Europe is once again in recession, its third since Lehman, only this one is worse: it is led by the "core" countries, with Germany in the forefront, a Germany which just reported industrial output which suffered its biggest monthly decline in more than five years in August.

Oct 06 12:49

NATO Does Not Confirm Statement Attributed to Secretary General on Deploying Troops

North Atlantic Treaty Organization (NATO) has not confirmed that NATO's Secretary General told the Polish TVP Info TV Channel that the alliance can deploy its troops wherever it wants, a spokesperson for NATO told RIA Novosti Monday.

"We don't have a record of him saying that in English - and we're not responsible for the Polish interpretation of the live interview," a spokesperson said, adding that Stoltenberg was referring to NATO forces in general, "which of course can be deployed on the territory of the Alliance as Allies decide."

Oct 06 11:31

Ebola in Spain: Nurse infected in Madrid

A Spanish nurse who treated an Ebola victim in Madrid has contracted the virus herself in the first case of contagion outside Africa, health officials say.

The nurse tested positive for Ebola in two separate tests, according to reports.

Oct 06 09:42

Netanyahu slams Swedish counterpart over Palestine initiative

Israeli Prime Minister Benjamin Netanyahu has hit out on Sweden for a decision to recognize Palestine as a state.

Webmaster's Commentary: 

Oct 06 09:39

NATO can put troops wherever it wants, new secretary-general says

New NATO secretary-general Jens Stoltenberg said on Sunday that the Western alliance could deploy its forces wherever it wants, apparently calling into question post-Cold War agreements that have been shaken by Russia's actions in Crimea and Ukraine.

Stoltenberg was visiting NATO member Poland to reassure it that NATO would provide the protection it sought against its former communist master, Russia, which in recent months has annexed the Crimean Peninsula from Ukraine, and been accused by the West of sending troops and equipment to back pro-Russian rebels in eastern Ukraine.

Oct 06 09:03

Biden's Speech Might Backfire on Washington: Former Assistant Secretary of Treasury

Speech of the US Vice President Joe Biden can backfire on Washington, as it embarrasses the European Union members and demonstrates the US has intimidated them, Paul Craig Roberts, former Assistant Secretary of the Treasury, believes.

"One of the possible consequences is that his speech embarrasses European governments by showing that Europe is Washington's vassal," Roberts told RIA Novosti on Friday. "The other is that by pressing Europeans to act against their own interests, Washington might have been too much of a bully and hurt its future influence in Europe."

US Vice President said Thursday that the United States and US President Barack Obama, in particular, had forced the European Union members to "take economic hits to impose cost" on Russia.

Oct 04 06:24

Biden says US 'embarrassed' EU into sanctioning Russia over Ukraine

“We’ve given Putin a simple choice: Respect Ukraine’s sovereignty or face increasing consequences,” Biden told a gathering at the John F. Kennedy Jr. Forum at Harvard University's Institute of Politics on Thursday.

The consequences were the sanctions which the EU imposed on Russia, first targeting individual politicians and businessmen deemed responsible for the crisis in Ukraine, then switching to the energy, defense, and economic sectors.

“It is true they did not want to do that,” Biden admitted.

“It was America’s leadership and the president of the United States insisting, oft times almost having to embarrass Europe to stand up and take economic hits to impose costs,” the US vice president declared.

Oct 03 14:32

German Push to Accelerate Bank Bail-Ins Joined by Dutch

Germany, the Netherlands and Finland want to speed up European Union plans to force losses on senior bondholders of failing banks, three European government officials said.

The three AAA rated euro-area states last week called for regulators across the EU to gain so-called bail-in powers as soon as 2015, rather than in 2018 as currently proposed, said the officials, who declined to be identified because the talks are private. The European Central Bank has warned that 2018 is “far too far away” for the new rules, which seek to insulate taxpayers and the euro area’s firewall fund from rescue costs.

Oct 03 07:56

Sweden Will Recognize State of Palestine

Sweden’s new center-left government will recognize the state of Palestine in a move that will make it the first major European country to take the step, Prime Minister Stefan Lofven said on Friday.

Oct 01 11:34

Specter of Russian Capital Controls Puts Market on Edge

Holders of Russia’s ruble-denominated bonds, stung by the worst losses in emerging markets in the third quarter, are weighing the consequences of possible capital controls as the currency sinks.

“It would be very negative for your investments in the local currency,” Peter Schottmueller, who helps manage $17 billion as head of emerging-market fixed income at Deka Investment GmbH in Frankfurt, said by e-mail yesterday. Foreign ownership of ruble bonds has dropped and any curbs on capital flows would further “increase the investment risk,” he said.

Russia removed its last restrictions eight years ago after imposing them in 1998, when the ruble’s drop led to a default on sovereign local-currency debt. Implementing the curbs again risks further damaging President Vladimir Putin’s ambition of turning Moscow into a financial hub at a time when escalating U.S. and European Union sanctions over the Ukraine crisis are already limiting access to global capital markets.

Sep 30 10:04

Did The Winter War Just Begin? Russian Gas Supplies To Europe Plunge 15%, Ukraine Transit Slashed 54%

Just a week ago, the Russian energy minister made the first public 'threat' of gas supply "throttling" disruptions to Europe but judging by the data that has just been released, it appears the 'throttling' has begun. Bloomberg reports that Russian gas supplies to Europe fell 15% year-over-year in Q3 - the most in over two years - as natural gas transit through Ukraine plunged 54% year-over-year. In 2013, Gazprom sent 60% of its supply via Ukraine pipelines, in August that dropped to 39%, and in September only 34%. Of course, Europe remains confident its storage efforts will buffer any "Winter War" disruptions, as we noted here, but as Citi warned previously, "if colder weather arrives, storage levels will be drained," and then there is the Spring (and German industry needs).

Webmaster's Commentary: 

The corporate media is spinning this as an evil plot on the part of the Russians, but fails to mention that Kiev has not fully paid for the gas they get from Russia since the Junta and is arrears in the bill. Russia has every right to shut off the valves just as your gas company will do if you do not pay the bill.

Sep 30 09:21

Catalan separatists call street protests over referendum ruling

Just hours after the Constitutional Court accepted the government’s appeal of the Catalan referendum on self-rule, the northeastern Spanish region registered its first protests.

Around 300 people congregated in front of the government delegation in Barcelona to express support for the plebiscite, which is scheduled for November 9, and to condemn Madrid’s attempt to get it ruled illegal by a top Spanish court.

This early protest was the beginning of a series of region-wide demonstrations planned for Tuesday by a pro-independence group called National Catalan Assembly (ANC).

Sep 30 08:28

Dutch FM threatens sanctions against Israel

Foreign Minister Martin Lidegaard has threatened sanctions against Israel if the country doesn’t go along with the proposed terms in the peace talks taking place in Egypt this week.

In the talks, which will get underway in Cairo on Tuesday, Lidegaard wants to see Israel commit to ending its eight-year blockade of Gaza and stop its “illegal settlements”. The foreign minister is also calling on Hamas and other militant groups in Gaza to lay down their weapons.

If the talks fail to reach any long-term concessions from both sides, Lidegaard said that Denmark and the EU should adopt a tougher approach to Israel.

Sep 29 08:58

KRUGMAN: Mario Draghi Probably Can't Save Europe On His Own

In an interview, Paul Krugman explains why Mario Draghi — despite his recent stimulus measures — probably can't save Europe's economy on his own.

Webmaster's Commentary: 

Europe's economy (nor the US) cannot and will not be saved until people are ready to confront the fact that private central banks, which by design create more debt than money to pay that debt, are the cause of the problem.

Sep 29 07:17

Vaclav Klaus: the West’s lies about Russia are monstrous

Whatever we decide to call the current system, he adds, it clearly isn’t working for Europe. ‘I am really shocked to see leading EU and European politicians pretending that everything is OK, which is ridiculous and funny,’ Klaus says. ‘I recently read an article by a well-known German economist, Professor Sinn, who has studied the situation in Italy. He presented statistical data which showed that GDP in Italy has declined by 9 per cent since 2000. It’s unimaginable! I don’t think communist Czechoslovakia would have survived such a long-term decline. At the same time, industrial output declined in the same period by 25 per cent! One quarter of the economy simply disappeared.’

Sep 29 07:16

Nearly 600 U.S. soldiers with tanks to arrive in Poland, Baltics

Nearly 600 U.S. soldiers accompanied by tanks and other vehicles will arrive in Poland and the Baltic states at the weekend for military exercises, the Polish defence ministry said on Friday.

Sep 27 20:39

The Scots are Fallen; Bring On the Catalans!

The stanzas seem to vary but the leitmotif is oddly familiar: we suspect history is rhyming again. The Scottish rebellion by vote has failed, outmanouvered by limey crown rep Cameron who lulled them into a honey trap and beat them soundly with sweet nothings. The Yes camp put up a good fight but turned out to fatally naive in terms of how far the British crown was willing to go to secure the No majority, which should be pretty clear after three centuries of vassal status. The fact that the Yes camp didn’t insist on exit polls or have an observer at every table shows either they were expecting fair play or did not practice due diligence; either way a high price has been paid in realpolitiks currency. Dreadful shame, old chaps. Carry on now.

Sep 26 11:15

‘Our Western partners stuck with Cold War mentality’ - Lavrov

The security crisis in the European Union was not caused by the crisis in Ukraine, but the events in Ukraine reflect the contradictions within the Euro-Atlantic region, Russian Foreign Minister Sergey Lavrov told reporters at the UN.

Sep 25 11:38

No More Foreplay: Russia Threatens European Gas Supply Disruptions

It appears Vladimir Putin is willing to hit'em while they're down. Early European equity weakness (and safe-haven flows) on asset-freeze threats have accelerated as Bloomberg reports, Russian energy minister Alexander Novak threatens gas supply disruptions if the EU continues to re-export Russian gas to Ukraine.

Apr 05 12:16

Poland Announces Complete Ban on Monsanto’s Genetically Modified Maize

Anthony Gucciardi
Activist Post

Following the anti-Monsanto activism launched by nations like France and Hungary, Poland has announced that it will launch a complete ban on growing Monsanto’s genetically modified strain MON810.

The announcement, made by Agriculture Minister, Marek Sawicki, sets yet another international standard against Monsanto’s genetically modified creations...

Apr 05 07:18

IMF CRIMES Result in 77-Year Old Gov’t Pensioner Commiting Suicide In Town Square – In Response Greeks Riot

The 77-year old Greek man who ended his life in the Town Square on Wednesday left the blame squarely on the shoulders of the Bankers, which includes Goldman Sachs (Mario Monti, their agent atop the Greek government), the Rothschilds and their criminal organization the IMF. The man left a heart-wrenching suicide note which read in part:

“The government has annihilated any hope for my survival and I could not get any justice… I cannot find any other form of struggle except a dignified end before I have to start scrounging for food from the rubbish.”

Apr 05 06:25

Guenter Grass, German Nobel Winner, Criticizes Israel Over Iran Tensions

"The nuclear power Israel is endangering the already fragile world peace," Grass wrote in his poem titled:

"What must be said"

The 84-year-old Grass said he had been prompted to put pen to paper by Berlin's recent decision to sell Israel a submarine able to "send all-destroying warheads where the existence of a single nuclear bomb is unproven."

"The nuclear power Israel is endangering the already fragile world peace," he wrote. His poem specifically criticized Israel's "claim to the right of a first strike" against Iran.

Apr 05 04:51

Beggared by Banks: 'Greeks forced to kill themselves'


The recent suicide of a cash-strapped Greek pensioner is a sign of the dire situation Greece finds itself in. It can be solved only by extreme measures such as default and giving up the euro, believes financial advisor Patrick Young.

Apr 04 23:23

Surprise Video Changes Syria “Timeline”

Al Jazeera’s Shaping of the Syrian Story

Of all the myths obstructing the honest portrayal of events in Syria this past year, none has been more fiercely guarded by regime-change advocates than this one stark falsehood:

Myth – the Syrian regime has only been shooting unarmed, peaceful protestors until very recently when opposition groups finally decided to arm themselves in self-defense.

Apr 04 19:36

Britain’s Mad-House Foreign Policy

The best and cheapest way of protecting our national security is simply to eject the madmen from the Foreign Office and stop pimping for the US and its mad-dog protegé.

Let’s see how quickly the United Nations General Assembly (UNGA), with Mr Bellingham’s help, can get their skates on and straighten out the simple matter of Palestine’s status so that Israel’s strutting psychopaths can finally be brought to book.

Apr 04 19:11

In Defense of Helen Thomas: What’s Wrong With History?

Helen Thomas’s recent request to purchase a table at the upcoming White House Correspondents Association (WHCA) annual dinner has been rejected.

In a comment on that story I said, “It’s hard to imagine anything more wrong than this.”

I base my opinion on the fact that the 91-year-old Thomas, a former WHCA president, is unique among American journalists, having covered 10 different presidential administrations in a career stretching back to Dwight Eisenhower.

It is because of Thomas as much as anyone else that women were first included at the WHCA dinner since, as the WHCA’s website mentions:

Mar 13 16:58

European Commission Blames Social Networks For ACTA Failure; Worried About Its Imminent Directive On Copyright Enforcement

He noted that opposition had increased in the run-up to January’s planned vote in the US Congress on two legislative initiatives -- the Stop Online Piracy Act (SOPA) and the Protect Intellectual Property Act (PIPA) -- aimed at increasing the protection of intellectual property rights on the Internet; in the end the vote had not been held, following a hostile campaign by social networks and the loss of White House support.
It's interesting to see De Gucht linking the growing hostility to ACTA with the storm generated by SOPA/PIPA, and giving the credit for stopping those US bills to a "hostile campaign" waged by social networks. You can tell this really worries him, because he says something similar about social networks and ACTA immediately afterwards:

Feb 23 20:12

WALL STREET'S MORTGAGE-BACKED SECURITY FRAUD DESTROYED BOTH THE US AND EU ECONOMIES!

Deutsche Bank, a German lender, has sold the Fed more than $290 billion worth of mortgage securities, Fed data through July shows. Credit Suisse, a Swiss bank, sold the Fed more than $287 billion in mortgage bonds.

The data had previously been secret. It was released Wednesday per the recently-enacted law overhauling the federal financial regulation. The Fed, ferociously backed by the Obama administration, fought lawmakers' desire for full disclosure throughout the financial reform debate.

Webmaster's Commentary: 

BUMP BACK TO THE TOP

As detailed in "Bankers Gone Wild", mortgages were cranked out by unscrupulous mortgage brokers, then bundled together into mortgage securities, which were in turn re-sold to investors as triple-A investments, even though the bundles included sub-prime mortgages already defaulting as US jobs were shipped overseas.

These mortgage-backed securities are a Wall Street invention! And at first they appeared to be immensely profitable, so not only were US financial corporations, investment houses, and pension funds buying them, but so too were non financial corporations and major foreign banks including Deutsche Bank and Credit Suisse.

But those early profits were a fiction, and we now know that many of the sellers of mortgage backed securities were engaging in Ponzi scheme activity, using proceeds from sales of mortgage backed securities to pay "earnings" to earlier investors, while the same SEC that had turned a blind eye to Bernie Madoff's $65 billion swindle looked the other way!

Worse, we now know that individual mortgages were pledged as collateral to multiple security bundles, which is illegal! This is briefly mentioned at 3:48 in the next video.

The criminal fraud even went further than that! In the case of Countrywide (now part of Bank of America) the actual titles were never really transferred, leaving the investment bundles entirely unsecured!

What appears to have happened is that the European banks realized that the American investment firms selling those mortgage-backed securities were engaging in fraud! Greenspan has admitted to such.

As the banks of Europe began to feel the major losses from the fraud, they turned to their local governments for financial assistance. In turn, those governments were forced to apply for loans from the International Monetary Fund, plunging their people deeper into debt, and the governments under the control of the private bankers! Indeed one must wonder if this multinational financial fraud had as its ultimate objective the forcing of the entire western world under the control of a giant private bank!.

Obviously, the people of Europe are refusing to be chained to a global bank and seem far more worried about their freedoms than their American counterparts. Yet a quick Google search shows the media encouraging the nations hit with this massive financial fraud to apply to the IMF for more loans, never mentioning that in their indebtedness lies the end of their national sovereignty!

Ultimately the European banks are never going to sit still for fraud, even from Wall Street, and even from the USA! In order to reduce their losses and avoid more IMF entanglements, the European banks demanded a refund on those fraudulent investment packages. No doubt the Wall Street mortgage fraudsters refused, suggesting that the bankers of Europe dump their losses on their populations just as the American banks were being forced to do. That some European banks did so explains why so many European nations are in financial trouble. However, the larger European banks may have decided to "get tough" with the Americans, and this may explain the mysterious electronic run on the US financial system on September 18th, 2008, which almost crashed the US economy. Strangely, the American people were never informed who had initiated the financial transfers, even though obviously this information is recorded in the transactions on the computer systems.

This "attack" may have been a warning from the European main banks to the US to make good on the bad investments, or risk full public exposure for the mortgage backed securities fraud!

Soon after, we learned that the Federal Reserve was handing out trillions and trillions of dollars, loans which the American people are expected to repay, only the Federal Reserve refused to say who was getting the money, and even implied that exposure of the recipients of these trillions of dollars might pose a threat to the US economy. Now, nearly two years later, we find out that the Federal Reserve was buying back the mortgage-backed securities from European banks including Deutsche Bank and Credit Suiss. The reason this was kept secret was that the American people were being told that all these "bailouts" would be repaid, yet common sense tells us that profit cannot be made from an exposed fraud! The Fed could not admit to owning all those mortage-backed securities without being forced to answer the question of just exactly why they were not producing any earnings, with the usual "it was all the borrowers' fault" excuses wearing thin even then! As cash left the nations financial system to cover the repurchase of the fraudulent mortgage backed securities, banks found their balance sheets slipping into the red. The banks were being driven into insolvency making good on the bad paper and this is what triggered the epidemic of fraudulent foreclosures. Banks needed real assets on their balance sheets as quickly as they could to get their balance in the black and their banks out of insolvency. So shortcuts were taken which became known as "foreclosuregate". For some banks, it was too late. Hundreds of banks either dragged down by the fraudulent mortgage securities or made insolvent buying back the bad paper, have been shut down. For other major banks and financial institutions, the tactic worked and they stayed afloat, for which making millions of Americans homeless seemed a small price to pay! Indeed one might explain the hitherto unexplained reluctance by the Federal Government to stem the offshoring of American jobs as a deliberate policy of setting up Americans to lose their homes in order to preserve the capital structure of the banks!

In other words, the American people were looted to make good on the fraud perpetrated by Wall Street not only against American financial institutions, but bankers in the Eurozone as well.

The Wall Street Fraudsters should have gone to jail. But they walk free and clear, saved from the FDIC and prison, heading into a wonderful holiday with record-setting bonuses to spend while ordinary Americans have been made jobless, homeless, and hungry to keep the criminals out of prison.

The Mortgage Backed Securities fraud is the biggest fraud in the history of the United States, and as today's revelations make clear, we still do not know the full scale of the financial rape this nation has suffered.

Jan 16 11:22

Cruise disaster: Perfect storm of events caused Costa Concordia crash

The first official inquiry into how one of the world’s most modern and best-equipped cruise liners could capsize began last night as the Italian coastguard recovered the Costa Concordia’s “black box”.

Jan 16 10:33

Timing the End of German Chancellor Angela Merkel and French President Nicolas Sarkozy

Neither German Chancellor Angela Merkel nor French President Nicolas Sarkozy is likely to survive the European sovereign debt crisis.

The timing of the demise of Sarkozy is easy to predict. Polls suggest he will be not win the May 6 election and he might not even survive the first round of voting on April 22

Jan 15 08:34

Hungarians hold anti-EU demonstration

Thousands of Hungarians have protested against the European Union, urging their country to pull out from the bloc while Budapest seeks EU's backing to evade insolvency.

Oct 20 15:17

Sedan again as Germany imposes terms

There is an "unequivocal commitment" that haircuts will be confined to Greece alone. If you believe that, I have some ocean-front property to sell you in Alsace.

Fresh details soon.

Oct 20 15:14

EU Considers Temporary Bans on Sovereign Ratings

The European Commission is leaning toward proposing a ban on the issuing of sovereign credit ratings for countries in bailout talks, a top official said on Thursday.

Webmaster's Commentary: 

Basically, this is like asking for a credit card but refusing to turn over your credit scores, and the EU us not doing this because the numbers are good!

Apr 18 19:31

FLASHBACK - The Hackett Group: Acceleration of Offshoring Trend Driving Loss of Millions of Finance and IT Jobs in U.S. and Europe

There's no end in sight for the jobless recovery in business functions such as corporate finance and IT, in large part due to the accelerated movement of work to India and other offshore locations, according to new research from The Hackett Group, Inc. (NASDAQ: HCKT). The dramatic job losses seen by U.S. and European companies in 2008 and 2009 are expected to continue through 2014, according to The Hackett Group.

Webmaster's Commentary: 

The US Government took your jobs, so that the bankers could take your homes, and make you think it was all your own fault! Here we are in 2011 with a 46% employment rate and a 60 year low in tax revenues while the government scratches their head, wonders what the hell happened, and goes right back to showering money all over Wall Street, Israel, and the Military-Security-Industrial complex.!

Dec 11 10:48

White House Intensifies Military Buildup In Poland

Immediately on the heels of reports in the Guardian and other Western news media that the U.S.-led North Atlantic Treaty Organization has crafted a strategy to intervene with nine army divisions in the Baltic Sea area, President Barack Obama met with his Polish counterpart Bronislaw Komorowski at the White House and confirmed plans to increase U.S. military hardware and troops in the latter’s country.

The two heads of state agreed on expanding bilateral military relations "in the spirit of the 2008 U.S.-Polish Declaration on Strategic Cooperation," [1] including the stationing of 16 U.S. F-16 jet fighters and four C-130 Hercules military transport planes on Polish air bases beginning in 2013.

Webmaster's Commentary: 

Russia cannot possibly be pleased with these developments, and these actions on the ground by the US in Poland cannot be interpreted as peaceful toward Russia.

Dec 11 10:23

Crisis of the European Monetary System: The Euro Zone is on the Edge of Collapse

The bailout packages arranged for Greece and Ireland are not to bail out those two countries, but to bail out the European banks that lent to them and bought their bonds when it was imprudent to do so. The IMF has its nose under the blanket. It will lend and participate, so that it can serve its masters by keeping these wayward states completely in austerity and bondage for the next 50 years and in that process relieve them of their sovereignty. As all of Europe belatedly understands, one interest rate can never fit all.

Dec 10 08:39

FORMER EUROPEAN LEADERS: SANCTION ISRAEL OVER SETTLEMENT BUILDING

6 former top EU officials, including ex EU chief Solana and former German President Richard von Weizsacker, urge world powers to confront Jerusalem over its refusal to obey international law.

Dec 10 07:51

BAILED-OUT IRISH BANKERS GET £34M BONUS

FURY was mounting last night as it emerged that Irish bankers will pocket multi-million pound bonuses after being bailed out by British taxpayers.

Dec 10 07:20

Anarchy in UK: Video of Prince Charles's car bottled in London's protests

Total Kudos to RT for this footage :)

Dec 10 07:18

'They were lucky not to be shot': Police chief says armed officers showed 'enormous restraint' as mob attacked Charles and Camilla

http://www.dailymail.co.uk/news/article-1337088/ROYAL-CAR-ATTACK-Mob-a...

* Prince's Rolls Royce set upon on way to Palladium
* Camilla cowers in fear as car is hit with paint bombs
* Met chief hails armed officers 'restraint' during attack
* Scotland Yard to hold major inquiry into security lapse
* Cameron: Rioters must be arrested and punished
* Anarchists boast of success and plan more disruption
* Student has surgery for blood clot on brain after riot

Met chief Sir Paul Stephenson today mounted an extraordinary defence of armed protection officers after the worst Royal security blunder in a generation.

Dec 09 20:38

Ireland proposes 90% bank bonus tax

Irish Finance Minister Brian Lenihan said on Thursday he would impose a 90 per cent tax on bankers’ bonuses, in a move to try to silence critics who have said the banking sector drove Ireland into the ground.

“As far as the future is concerned I do propose to introduce the amendment to the finance bill to put this matter beyond any doubt and provide a high rate, a 90 per cent rate of charge on any ... bankers’ bonuses,” Mr. Lenihan told local radio.

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Dec 08 12:09

Sentenced to Debt: 'EU bosses, not people must pay for Euro Fail'

RT interview ends with Ron Paul interview preview!!

Dec 08 09:13

Hapless Eurozone Emergency Meetings on How Big To Make New Bail-Out Funding? It Won't Matter!

In reality, discussions about "bailout" and "reassuring markets" are exercises in farce. Despite all the quacking, supposedly to calm the "bond markets," the bailout approach guarantees doom. Only financial reorganization through the Glass-Steagall principle can work.

Dec 08 08:33

Italian cuts spark fight at the opera for La Scala

Scuffles have erupted outside Italy's famous La Scala opera house in Milan during a protest against proposed funding cuts to the arts and education.

Opera house workers from across Italy were rallying peacefully ahead of a protest speech by conductor Daniel Barenboim when trouble broke out.

Students clashed with police wielding truncheons and using teargas, and 14 officers suffered minor injuries.

The audience inside applauded Barenboim for his impassioned defence of culture.

Webmaster's Commentary: 

The globalists wanted global government and global economy, and to get it, they needed global poverty. But now the plan is understood by the people of the world, and the plotters may just have set the stage for a truly global revolution.

Every half century or so, it seems the world is cursed with a few individuals who want to stand atop a pyramid built to their own glory and scream how they are the rulers of the world, and that no sacrifice of other peoples' lives and money is too great a price to pay for the attainment of that dream. It is happening again right now with a clique of sociopaths who want to bring about a global government through lies, deceptions, and enforced mass poverty, because they believe that whatever gods they sacrifice to want the world to be that way. Such true believers will never admit they are wrong, indeed history shows they cannot ever admit they are wrong, and the long train of revolutions stretching back to the dawn of time illustrates just what happens when such fanatical self-indulgence meets the real world.

Dec 08 08:22

IMF chief due in Athens, protests planned

Webmaster's Commentary: 

πίσσα και πούπουλα

Dec 08 08:20

Transport strike brings Athens to halt

Public transport has come to a halt in Athens as union workers slap the Greek capital with crippling strikes in protest to the government's austerity measures.

Dec 08 04:45

France 'will recognize' Palestinian state

France has declared that it will recognize a free and independent Palestinian state based on borders before the 1967 war, becoming the first European nation to do so.

Dec 08 00:47

A DISGRACE : BRITISH MINISTERS DISCREDIT RULE OF LAW

The UK, like all other countries that think themselves civilized, is under an obligation to enact legislation.
If that is not done then double standards become very manifest;

By Stuart Littlewood

Professor Richard Falk put it most eloquently:

“The idea of Nuremberg after World War Two was that crimes against the peace, crimes against humanity and war crimes are also offenses against the whole of international society…”

Dec 07 20:23

ALAN SABROSKY : WIKILEAKS REPRISED — A WHIFF OF…WHAT?

From what the press is reporting about this Wikileaks “dump,” perhaps 10% are Secret or Confidential, the rest Unclassified, and nothing is Top Secret or above.

The one striking exception in all of this global tour de farce is the Middle East. Certainly, even aside from Wikileaks founder Julian Assange’s fulsome praise of Binyamin Netanyahu, what is said and what is not represent the message Israel and its partisans in the US Government (itself heavily Zionist and “Israel First” in orientation) want the world to hear, believe and accept. The message coming across in the US diplomatic cables could have been designed and drafted by Avigdor Lieberman, and who knows? It may have been….

Dec 07 20:23

Jim Rogers: 'Britain is totally insolvent'

http://www.thisismoney.co.uk/news/article.html?in_article_id=519495&in...

US speculator Jim Rogers is known for his outspoken views but today went further than usual suggesting Britain is 'totally insolvent'.

In an interview on business TV channel CNBC, Rogers, who made his name making millions while partnered with legendary financier George Soros, suggested Britain was the true sick man of Europe.

He said: 'Greece is insolvent, Portugal has a liquidity problem, Spain has a liquidity problem, Belgium has been cooking the books for a long time, Italy has been cooking the books for a long time and the UK is totally insolvent.'

Dec 07 17:11

Irish lawmakers offer initial OK for brutal budget

Shawn Pogatchnik
Associated Press

DUBLIN (AP) -- Lawmakers narrowly approved tax hikes as part of Ireland's most brutal budget in history, a euro6 billion ($8 billion) slash-and-tax plan imposed as a key condition of the nation's international bailout . . .

Dec 07 12:30

Irish people owe nothing to banks & billionaires - refuse to pay now!

Ireland faces the most severe welfare cuts and tax hikes in its history - the high price it has to pay for receiving an international bailout. The budget is about to face a parliamentary vote, with protesters gathered outside the Parliament building. But Socialist Party MEP, Joe Higgins believes the Irish financial system is already broken beyond repair.

Dec 07 11:17

Rage Against Cash Machine: Bank Run Day take-away to trash financial terror?

French bankers have a nervous day ahead. They're waiting to see whether a campaign calling on depositors to withdraw all their money will really catch on. It's been organized by a former French football star against what he calls the 'corrupt and criminal' financial system.

Dec 07 09:44

Cantona's call for run on the banks causes French alarm

FRENCH ministers and bankers have issued warnings that an appeal by Eric Cantona, the former Manchester United footballer, for people to withdraw all their money from banks could propel France into economic chaos.

Webmaster's Commentary: 

It is already in chaos, because a private central bank issuing the public currency at interest is a pyramid scheme that eventually must collapse. The chaos we see is not the fault of the people, who have an inherent right to withdraw their money from the banks any time they wish. The chaos is the fault of the bankers who profit from the pyramid, then when it collapses, demand the people pay for the bankers' failure.

Dec 07 09:41

BoI phone, online and ATM services disrupted by technical fault

Bank of Ireland customers are being affected by a technical fault, which is disrupting access to the bank's telephone and online services.

There is also a restricted cash service at the bank's ATMs.

Webmaster's Commentary: 

A GOOD DOSE OF IRISH BLARNEY!
ATM machines are either working or not working due to technical issues. If they are limiting cash withdrawals it is because they are terrified that Eric Cantona's call for a "Bank Out" protest will reach Ireland. So we get a huge double-shot of 100% Irish Banker-Blarney to explain why the Irish People are not allowed to get their own money back from the bank.

Dec 07 09:37

Bank of Ireland's cash systems limited by "technical glitch" just in time for Europe "Bank Out" protest!

Bank of Ireland confirms that an unforeseen technical issue has impacted some of our operating systems this morning and our telephone and online banking services are currently unavailable. However, all branches are open and operating as normal but with a temporary restricted cash service.

Webmaster's Commentary: 

BLARNEY!

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