EUROPE | WHAT REALLY HAPPENED


EUROPE

Mar 05 11:37

US Army Official: Atlantic Resolve May Expand

The US military's plans to send troops into Romania and Bulgaria as a deterrence to Russian aggression could expand to include Hungary, the Czech Republic and Russia's southern neighbor, Georgia, according to a US Army official spearheading the effort.

Webmaster's Commentary: 

This is troubling. coming as it does with the story about 6 NATO warships now in the Black Sea for military drills. Anyone wishing to get WW# really cranked up could launch an attack against one of the ships and frame Russia for it.

Mar 05 11:20

Rothschild warns of 'chaos, extremism' and 'horrendous' problems in Europe

Jacob Rothschild, the 78 year-old banker and chairman of RIT Capital Partners, has delivered savers in the £2.3bn trust a stark warning about global instability and the fragility of future returns.

Mar 05 11:08

ECB ready to start printing money next week

E.C.B. to Begin Bond-Buying Program on Monday

Bond buying is a way for the European Central Bank to effectively print money and inject it into the economy. But confidence in the central bank’s ability to rekindle inflation could suffer if the market is so tight that it is unable to meet its goal of buying €60 billion of debt a month.

Mar 05 10:01

ECB Will Cut Rates To Minus 3%: JP Morgan

Should a tail event such a deflationary spiral or Grexit occur, limits on ECB asset purchases will put Mario Draghi at a disadvantage as other central banks race to the bottom. JP Morgan says this will force the ECB to cut interest rates for cash deposits to minus 3% while the dollar will appreciate by 20%, reaching parity with euro in 2015.

Mar 05 07:54

Council of Europe Extends Sanctions Against Former Ukraine President

The Council of Europe extended EU restrictive measures against Ukraine’s former President Viktor Yanukovych and members of his entourage.

Mar 05 07:22

The CIA Secret Prisons in Europe. Political Camouflage in the EU. Washington’s “European Partners in Crime”

It is common knowledge that at end-January 2015 the global movement Amnesty International published a report, titled “Breaking the conspiracy of silence: USA’s European “partners in crime” must act after Senate torture report”, which throws further light upon the information gathered within the US Senate investigation into torture methods, applied by the Central Intelligence Agency, by referring to media reports on the way CIA-operated secret detention sites were run in Europe – in particular, on the territory of Lithuania, Poland and Romania.

Mar 05 07:16

IMF’s Director Batista: Greek bailout was ‘to save German & French banks’

‘This was never said officially before! “They gave money to save German and French banks, not Greece,” Paolo Batista, one of the Executive Directors of International Monetary Fund told Greek private Alpha TV on Tuesday. Batista strongly criticized not only the euro zone and the European Central Bank but also the IMF and the Fund’s managing Director Christine Lagarde for defending Europe much too much..

He urged Greece to directly negotiate with the IMF and favored the restructuring of the Greek debt that is been hold by the European partners.’

Mar 05 06:46

Europe to start €1.14trn ‘easy money’ program on March 9 - ECB President

The European Central Bank will kick off its monthly €60 billion purchases of government bonds and private sector assets next Monday, said the head of the ECB Mario Draghi.

Webmaster's Commentary: 

Because after all, look how well it worked in the US!

Mar 05 06:42

ECB Will Cut Rates To Minus 3%: JP Morgan

...the ECB is now close to running out of ammunition. The true constraints on further ECB intervention lie in the 25 per cent issue limit and 33 per cent issuer limit on its sovereign bond purchases.

Except for Greek debt, the 25 per cent and 33 per cent caps should not prove binding in a scenario where the ECB keeps its monthly asset purchase pace of €60bn. However, the limits could be reached in worst-case scenarios where the ECB would have to boost the size of its QE programme or implement OMTs targeted on specific sovereigns.

Mar 05 06:38

Anti-austerity protest held in Cyprus

Several thousand Cypriots have staged a protest rally in the capital, calling on the government to end austerity policies they say have driven many in the bailed-out country to poverty.

Webmaster's Commentary: 

Austerity: Steal from the poor to give to the rich!

Mar 04 16:57

The CIA Secret Prisons in Europe. Political Camouflage in the EU. Washington’s “European Partners in Crime”

It is common knowledge that at end-January 2015 the global movement Amnesty International published a report, titled “Breaking the conspiracy of silence: USA’s European “partners in crime” must act after Senate torture report”, which throws further light upon the information gathered within the US Senate investigation into torture methods, applied by the Central Intelligence Agency, by referring to media reports on the way CIA-operated secret detention sites were run in Europe – in particular, on the territory of Lithuania, Poland and Romania.

Mar 04 16:39

IMF Director Admits: Greek Bailout Was "To Save German & French Banks"

For the first time in public, though practically the entire world assumed it, an official from The IMF has admitted that the various Greek bailouts were not for The Greeks at all... "They gave money to save German and French banks, not Greece,” Paolo Batista, one of the Executive Directors of International Monetary Fund told Greek private Alpha TV on Tuesday. As KeepTalkingGreece reports, Batista then went on to strongly criticized not only the euro zone and the European Central Bank but also the IMF and the Fund’s managing Director Christine Lagarde for defending Europe much too much...

Mar 04 14:30

Recession is getting worse, not better, says Irish homeless charity

The recession is not ending — it is getting worse, according to one of the biggest providers of hot meals for homeless people in Dublin.

n/a
Mar 04 10:34

US TO DEPLOY SIX NATIONAL GUARD COMPANIES TO UKRAINE THIS WEEK

US 173rd Airborne Brigade Commander Michael Foster said at the Center for Strategic and International Studies in Washington, DC said the US would deploy personnel by the end of this week to train the Ukrainian national guard.

Mar 04 10:06

Europe's Reusable Spaceplane Completes First Test Flight

A splashdown in the Pacific Ocean concluded the first successful test flight of Europe’s reusable spacecraft technology yesterday. The car-size Intermediate eXperimental Vehicle (IXV) could pave the way for a full-size reusable spaceplane. This would launch on Europe’s Vega rocket and eventually return to Earth by landing like an aircraft on a runway.

Mar 04 06:38

Azerbaijan should be very afraid of Nuland

The US’ Assistant Secretary of State for European and Eurasian Affairs, Victoria Nuland, visited Baku on 16 February as part of her trip to the Caucasus, which also saw her paying stops in Georgia and Armenia. While Azerbaijan has had positive relations with the US since independence, they’ve lately been complicated by Washington’s ‘pro-democracy’ rhetoric and subversive actions in the country. Nuland’s visit, despite her warm words of friendship, must be look at with maximum suspicion, since it’s not known what larger ulterior motives she represents on behalf of the US government.

Mar 03 22:21

Fifty Years of Imperial Wars: Results and Perspectives

Over the past 50 years the US and European powers have engaged in countless imperial wars throughout the world. The drive for world supremacy has been clothed in the rhetoric of “world leadership”, the consequences have been devastating for the peoples targeted. The biggest, longest and most numerous wars have been carried out by the United States. Presidents from both parties direct and preside over this quest for world power. The ideology which informs imperialism varies from “anti-communism” in the past to “anti-terrorism” today.

Mar 03 11:13

Netanyahu’s Big Gamble

In pursuing the strategy of preserving the perception of the Iranian threat in order to maintain the special relationship with the United States, Netanyahu is pursuing strategies that sabotage America’s own foreign policy interests...

By going over President Obama’s head to Congress, Israeli Prime Minister Netanyahu is taking a big gamble, apparently hoping that he can block any U.S. rapprochement with Iran and heighten tensions in the Middle East, a strategy that lacks both facts and logic, says Ted Snider.

Mar 03 07:20

What Is the EU's Game in the Caucasus Separatist Territories?

The European Union is making a push to raise its profile in two trouble spots in the South Caucasus, Abkhazia and Nagorno-Karabakh. Brussels insists its forays in the region are nothing more than routine diplomacy. But some observers believe the EU is hoping to push back against Russia's troublemaking in Ukraine.

Webmaster's Commentary: 

Yeah, right, "Russia's" trouble-making!

Mar 03 07:19

Russia will explore ways of softening food embargo for Greece and Hungary — minister

Russia will explore ways of softening food embargo for Greece and Hungary consistent with WTO norms, minister of economic development Alexey Ulyukayev said on Monday.

"We need to find a decision consistent with WTO norms. It is impossible to simply make exceptions for countries," the minister said.

Mar 03 07:07

Ukraine parliament begins IMF reform package debate

Ukraine’s parliament has commenced debating a reforms package required by the International Monetary Fund (IMF) as a prerequisite for a multi-billion-dollar aid package.

Webmaster's Commentary: 

Here comes the Austerity! Wealth for the bankers and poverty for the Ukrainian people!

Mar 03 06:41

Gardasil Vaccine: Spain Joins Growing List of Countries to File Criminal Complaints

Spain now joins a growing list of countries where criminal lawsuits have been filed against manufacturers of the HPV vaccine, which includes France, India, Japan, and many more.

In the United States, however, you cannot sue the manufacturers of vaccines, as they are protected from civil criminal prosecution. As a result, marketing efforts to increase the sale and distribution of the HPV vaccine are increasing.

Mar 03 06:24

Austria stops payments on Hypo 'bad bank' debts

Austria has announced it is halting payments on more than €11 billion ($12.28 billion) in debts of the failed Hypo Alpe-Adria-Bank International AG until it has found a way of winding down the bank without imposing more costs on taxpayers.

Mar 02 15:00

Bulgarian companies proceed with South Stream gas pipeline project — ambassador

Bulgarian companies continue their work on Russia’s South Stream natural gas pipeline project fulfilling all their contractual obligations although Russia announced last year the suspension of its project, Bulgarian diplomat said on Monday.

Russian President Vladimir Putin announced on December 1 that the project to build the South Stream gas pipeline was closed due to the European Union’s unconstructive approach to cooperation in that sphere, including Bulgaria’s decision to suspend the construction of the pipeline’s stretch on its territory.

Mar 02 13:27

NATO rolls out 'Russian threat' in budget battle

NATO member-states unwilling or unable to help boost the military spending are being accused of ignoring the “Russian threat,” that has re-emerged as the core of the alliance’s agenda to boost arms sales.

A report saying one of major NATO funding contributors, the UK, could fail to fulfil the commitment to spend 2 percent of its GDP on the alliance in 2015 came as a bombshell for some of the West’s military elite.

Mar 02 13:24

As Greek Default Fears Return, Government Considers "Borrowing" Pensions To Repay IMF

Greek short-term default risk jumped over 300bps today putting the odds of a restructuring at 50-50 within the next year as the warnings we issued last week with regard Greece's imminent default on its IMF loan loom. Seeking to reassure its lenders (and avoid yet more capital flight), Reuters reports the Greek government said it was "exploring solutions," including delaying payments to suppliers or try to raise up to 3 billion euros by borrowing from state entities such as pension funds.

Webmaster's Commentary: 

Sounds like an interesting idea, until you realize the US Government did just that back during the Clinton years, "borrowing" from the Social Security trust fund ... and they have never been able to pay it back!

Mar 02 07:52

Hundreds of Farmers Block Roads in Protest of Monsanto’s GMO Crops

Poland’s largest farmer uprising ever has occurred as convoys of tractors took to the roads recently in protest of GMO infiltration and land grabs by biotech and Big Ag corporations.

Mar 01 10:50

Sweden calls Nemtsov killing 'an execution'

Sweden's Foreign Minister Margot Wallström has described the killing of Russian opposition leader Boris Nemtsov of further evidence of "Putin's reign of terror with regards to security, human rights and democracy".

Webmaster's Commentary: 

The strongest reason to doubt that Putin had anything to do with the assassination of Nemtsov is the manner in which it was done, a shooting in public near the Kremlin; circumstances clearly intended to generate the maximum publicity.

Here in the United States the government gets rid of its enemies in small plane crashes, single car accidents, or by means of staged suicides. Putin, being former KGB, is just as knowledgeable about such sophisticated means of covering a murderer's tracks. Had Putin wanted Nemtsov dead, we would have heard that Nemtosov had suddenly become very depressed over his failing political fortunes, and decided to kill himself.

Thus, Nemtsov's assassination, as public as it was, was done by others to frame on Putin, to destabilize Russia, not unlike the Kiev snipers who fired on both sides, then framed Yanukovich for it, to drive him from his elected office a year ago.

Mar 01 08:23

US to Send Arms to Ukraine Using Private Contractors - Hacker Group

Washington plans to use Western private military contractors to deliver weapons to Ukraine. Once arms are delivered, these companies will send their “volunteers” who will come to make good use of these weapons.

Mar 01 08:12

Greenspan says shattering of European Union will begin with imminent Greek implosion

The former chief of the U.S. Federal Reserve says it is just a matter of time before the European Union implodes, along with its currency, following what he believes will be a "Grexit" -- a Greek exit -- from the EU.

Feb 28 09:15

Russia Could Make China King of the South China Sea

America should think twice about arming Ukraine as Russia could easily help China achieve its dreams in the South China Sea.

Feb 28 09:14

Will 'Mistress Europe' Show the American the Door?

It's an age-old, tragic relationship. The mistress and her gadfly, selfish male-benefactor, who is really not a benefactor, but instead is more like her jealous, despotic jailer. Oh yeah, sure, he festoons her with cute presents now and again, chocolates, stockings, perfumes and the like. He also professes ardent devotion and vows to protect her. In return she gratifies his basic needs. But when it gets down to it, the mistress is dispensable, a plaything that is brutally discarded when he is done.

Feb 28 08:38

What the BRICS plus Germany are really up to?

Winston Churchill once said, “I feel lonely without a war.” He also badly missed the loss of empire. Churchill’s successor – the ‘Empire of Chaos’ – now faces the same quandary. Some wars – as in Ukraine, by proxy – are not going so well.

And the loss of empire increasingly manifests itself in myriad moves by selected players aiming towards a multipolar world.

So no wonder US ‘Think Tankland’ is going bonkers, releasing wacky CIA-tinted “forecasts” where Russia is bound to disintegrate, and China is turning into a communist dictatorship. So much (imperial) wishful thinking, so little time to prolong hegemony.

Feb 28 08:04

The Scourge of US-Installed Fascism in Europe's Heartland

Obama bears full responsibility for replacing Ukraine's democratically elected government with Nazi lunatics.

Russia's lower house State Duma Speaker Sergey Naryshkin said "(t)he guilt of the United States of America for (what happened) is considerable and obvious to the entire world."

Ukraine's crisis "poses a risk to international security, first of all to European security."

Russian Foreign Minister Sergey was clear and unequivocal saying:

"For a quarter of century, the key principles of the United Nations had been systematically violated."

Feb 28 07:57

Greek PM says 'forget about third bailout'

Greece won’t be seeking a third international bailout after the four-month extension of its current program expires, Greek Prime Minister Alexis Tsipras said.

In a televised speech to his government, Tsipras also said the country has requested a reduction of its debt, despite European creditors demanding that Greece pay it in full.

Feb 28 07:56

Italian MPs vote for Palestinian state, but conditions ‘disappoint’ PLO

The Italian parliament has become the latest major European legislative assembly to push for the creation of a Palestinian state alongside Israel, after a decisive vote Friday. However, deputies nixed a motion for the immediate recognition of Palestine.

Proposed by the ruling center-left Democratic Party, the motion vowed to “unconditionally support the goal of establishing a Palestinian state living side by side in peace, security and prosperity next to the state of Israel, on the basis of mutual recognition and total assumption of common commitment to ensure citizens to live safely and protected from all violence and acts of terrorism.”

The proposal suggested the two countries should return to the pre-1967 borders, and share Jerusalem as the capital.

Feb 27 11:46

Moscow threatens Washington painful countermeasures in case of new sanctions

Google translate: As informs "Interfax", said Deputy Minister of Foreign Affairs of Russia Sergei Ryabkov.

"We leave for all options, including used and, if necessary, will be applied fairly painful countermeasures," - said a senior diplomat.

On the eve of the US State Department spokesman Jen Psak said that the United States continues to consider the possibility of imposing sanctions on Russia in the case of deterioration of the situation in Ukraine.

Feb 27 10:25

NATO Eyes Air Defenses Over Fears Putin Will Target Baltics

NATO's newest members are nervous.

Troops are being trained up and reinforced. A new "spearhead force" is in the works. Fighter jets are scrambling. Military maneuvering is ramping up amid mounting concerns that Russian President Vladimir Putin will broaden his gaze beyond Crimea and Ukraine to the Baltic nations.

Valdis
Valdis Dombrovskis, vice president of the European Commission, warned that Russia was redrawing the map of Europe by force. Britain's Defense Secretary Michael Fallon last week said there was a "real and present danger" Russia's president would seek to destabilize Estonia, Latvia and Lithuania — all small NATO members with enough legitimate issues of disenfranchisement among their Russian minorities to make them prime potential targets for any Putin push.

Webmaster's Commentary: 

A memo to Valdis Dombrovskis: sir, have you gone absolutely foaming-at-the-mouth, barking MAD, to make these accusations in public?!?

It is disturbing to me that NATO could come to this conclusion only on the basis of trumped-up accusations with no basis in fact whatsoever. And just in case you are having a bad case of SMD (selective memory disorder) regarding Russia, let me gently acquaint you with the facts of the matter here.

1. The legitimately elected President of Ukraine was deposed in a European/US/ECB-sponsored coup. Poroshenko was then imposed on the people of Ukraine in an election more crooked than a dog's hind leg.

2. Crimea, which had been a part of Russia, and is Russian- speaking, was annexed by Kruschev, himself a native Ukrainian, in the 50s. When the government of Crimea realized that the legitimate government of Ukraine had been done away with, they requested, in what was characterized as a free and fair referendum, to join the Russian Federation.

3. Russia did not "annex" Crimea: Crimea asked to joinn the Russian Federation, because the legitimate government of Ukraine was destroyed in the putsch.

4. The Russia bashing I am seeing, both here in the US and abroad, coupled with the sanctions against it for no earthly rational reason, appear to be a prelude to some huge false flag, to be blamed upon it, as a pretext for war against it, to prevent the US dollar from losing its position as the world's primary currency.

5. NATO's ability to fight, and win, a war against Russia is tricky proposition at best; look how horrificically NATO has failed and flailed in Afghanistan, against a people with only relative primitive weapons.

ANY QUESTIONS, EU COMMISSION VICE PRESIDENT DOMBROVSKIS?!?

Feb 27 09:36

NATO ready to advise Libya on security, eyes more drones

NATO's chief said Thursday the alliance was ready to advise Libya's government on defense and security issues, saying the deteriorating situation in the country is posing new security threats for Europe that require a more robust defense.

Secretary-General Jens Stoltenberg also told a news conference in Rome that the alliance plans to bolster its surveillance of the region by using drones based at the air station in Sigonella, Sicily, starting next year.

Webmaster's Commentary: 

Memo to NATO'S Secretary-General Stoltenberg: you do not have the luxury of waiting until "....next year." militarily.

The only option NATO has is another invasion of Libya, followed by a despotic NATO occupation of Libya.

And we all know just how well that works, with the "Afghanistan model", fresh in our minds.

Feb 27 07:50

Is fascist America ready for total war against Russia and China?

The debate to mark the 70th anniversary of victory over fascism and the adoption of the UN Charter has recently taken part in New York. Yet, fascism as the destruction of a certain category of humans for the sake of exceptionalism of another category of humans has become the state ideology of the United States. To make matters worse, the UN does not fulfill its functions of a peacemaker.

Feb 26 12:07

Russia Signs Military Deal With EU Member State

Russian navy ships will now have access to stop off at ports in Cyprus, while Moscow will continue to provide the Mediterranean country with debt relief, following an agreement by Russian President Vladimir Putin and Cypriot leader Nicos Anastasiades.

Feb 26 11:31

Billboard campaign launched in Ireland to recognize Palestine

A Palestine solidarity group in Ireland on Wednesday launched a billboard campaign to urge the Irish government to support the recognition of Palestine.

Feb 26 07:48

European court rules environmental groups can't legally oppose EU institutions; only corporations get a say

In a recent decision, the European Court of Justice ruled that environmental non-governmental organizations and other NGOs possess no right to file actions with the court, meaning they cannot legally oppose any European Union institution -- though profiteering global corporations have had, and will continue to have, access to court.

As noted in a press release from the Pesticide Action Network (PAN), the ruling has serious implications in that groups opposed to GMO crops, for example, now appear to have been shut out of the judicial process.

Feb 25 16:05

Poland likely to send military advisers to help Ukraine – defense aid

Poland may follow the UK’s lead and send military advisers to Ukraine to help train the country’s troops. An aid to the Polish defense minister says a final decision will be made in March with the number expected to be under a hundred.

Feb 25 09:54

Cyprus signs military deal with Russia

Cyprus on Wednesday signed a deal with Russia allowing its navy ships to make regular port calls on the island.

The deal with European Union member Cyprus, which also hosts British military bases, comes amid Russia-West tensions over Ukraine, the worst since the Cold War times.

Feb 25 08:56

Spanish prime minister warns against populist rhetoric

Spanish Prime Minister Mariano Rajoy has warned that populism and demagoguery would be no option out of the country’s economic situation.

In his last annual state of the nation debate on Tuesday, Rajoy warned against what he called demagoguery in politics, which according to him, would risk Spain’s plans for economic recovery and reaching welfare.

“It is not with demagoguery that we can maintain the welfare state,” Rajoy said.

The Spanish leader was clearly alluding to some emerging political parties’ continued use of populist slogans in the run-up to a series of elections in the country which could end in a huge loss for the ruling government.

Webmaster's Commentary: 

In other words, what happened in Greece may happen in Spain.

Feb 25 08:55

The Troika’s Message to the New Greek Government: We Don’t Care About Humanitarian Issues

Since 2010 the troika, consisting of the International Monetary Fund, the European Central Bank and the European Union’s commission, has forced different governments in Athens to implement six consecutive austerity programs which have severely lowered the living standards of working people, devastated Greece’s social systems and plunged millions into poverty. This is why on 25 January, the majority of the Greek population decided to vote for a party that raised their hopes for a better future by promising an end to austerity.

Four weeks later this dream has been shattered. In last week’s negotiations the troika left no doubt that it will not deviate from its path of insisting on the unrestricted continuation of austerity politics. In other words: The working people of Greece will have to keep filling the gaps in the state budget generated by the bank bailout in the beginning stages of the Euro crisis.

Webmaster's Commentary: 

Hey Greece; look at how Russia just handled Cyprus!

Feb 25 08:41

Russian sanctions create broader problems for entire EU– Cyprus president

EU sanctions against Russia over the Ukraine crisis have neither proved effective, nor met the expectations of those who imposed them, but brought huge losses, said Cyprus President Nikos Anastasiadis ahead of a visit to Moscow.

The sanctions have not only complicated the economic situation in many European countries, but brought no prospects of peace for the Ukrainian people, said Anastasiadis in an interview to TASS.

Feb 25 08:23

Rare shooting spree in Czech Republic

The Czech government has ruled out terrorism as the motive for a resident's fatal shooting of eight people in a restaurant in the eastern town of Uhersky Brod. Police say the gunman then killed himself.

Webmaster's Commentary: 

The reason this story isn't getting a lot of coverage in the US is the shooter did not have an Arab name!

Feb 25 08:21

U.S. military vehicles paraded 300 yards from the Russian border

U.S. military combat vehicles paraded Wednesday through an Estonian city that juts into Russia, a symbolic act that highlighted the stakes for both sides amid the worst tensions between the West and Russia since the Cold War.

Feb 25 08:20

US and British army parade 300 yards from Russia border

US army vehicles and British soldiers paraded through the streets of an Estonian city just 300 yards from the Russian border yesterday, in a display of Western unity against the encroaching threat from Moscow.

Armoured vehicles from the US Army's Second Cavalry Regiment and British troops were officially taking part in a military parade marking Estonia's Independence Day, but the choice of location was deeply symbolic.

Feb 25 08:02

BREAKING – Bank of England Admits 22% of Austria’s GOLD IS GONE

The article below is translated from German language. Later this week Sean, from SGTReport and I will be speaking with Peter Boehringer about this situation, along with other current affairs. Peter sent this news to me around midnight Tuesday February 24, 2015. This is significant due to the fact the Bank of England has now admitted Austria’s gold is gone!! What other gold is missing?

Feb 24 18:08

The Reason Why The Eurogroup Rushed To Approve The Greek Reform Package?

As we noted earlier today, there was some confusion over the plight of the Greek reform proposal document, which initially was said to have been delayed until today, only for the Troika, pardon, Institutions, to flip around and say they had actually received it before midnight on Monday. How could the two be possible? Courtesy of Yannis Koutsomitis, who had the simple but profound idea of looking at the properties tab in the leaked Varoufakis draft of the agreed to proposals, we now know.

As it turns out, the reason why not only the Troika received an agreed to version of the Greek reform proposals "before midnight on Monday", but rushed these through with a favorable agreement today, is that, drumroll, the European Commission drafted the entire letter!

Feb 24 15:32

Market Whispers: The stinks!

The Euro Group has agreed to the proposals of Greece to reform - but the author of the proposals is unlikely to Greece, but the European Commission have been! That explains why the European Commission already praised the paper before ever it was clear that it was received by the institutions - later Dijsselbloem then claimed that the paper was shortly before midnight and thus received on time. Very strange ..

Webmaster's Commentary: 

So, it looks like the Troika had a ringer inside Syriza!

Feb 24 12:48

USA army invasion in Estonia!!! Next stop Ukraine!!!

Feb 24 12:44

No plans to ask Russia for loan restructuring — Cyprus government

Restructuring of a 2.5-billion-euro loan Russia extended to Cyprus in 2011 is not on the agenda of upcoming talks in Moscow of Cyprian President Nikos Anastasiadis, Cyprian government spokesman Nikos Christodoulides told TASS on Tuesday.

"We are very grateful and satisfied with terms for the repayment of Russian loan," he said. Russia has recently revised the initial terms of the loan, reducing the lending interest rate from 4.5% to 2.5%, while the deadline on the main debt has been moved from 2016 to 2018-2021.

Webmaster's Commentary: 

Greece take note!

Feb 24 12:36

Gazprom: Gas Supplies to Ukraine Can Stop in Two Days

Cessation of natural gas deliveries to Ukraine will jeopardize supplies to Europe

Feb 24 10:06

European Banks vs. Greek Labour

Michael Hudson says Greece's Finance Minister Yanis Varoufakis is proposing austerity on the banking class, rather than the working class, to balance the budget.

Feb 24 07:05

Greece Crisis Opinion : Troika Rises From The Dead As Draghi Leads The Charge, And Varoufakis Employs Brave Face

I don’t actually think the five-point italic hand-tying target codicils matter a damn to be honest, because they’re all unachievable anyway.

Far more relevant is what EC behaviour has been found acceptable to the Greek Government.

Did you know, for instance, that both the Gang of Four revisions, the Friday ambush, and the ELA threats/leaks to Greek banks were driven by Draghi?

Did you know that – in a direct sideswipe at rehiring Ministerial cleaners – there is a blanket ban under the agreement on any more public sector hiring?

Did you know that, just to rub in really hard that how they think the Greeks shit on their shoes, eurogroup told Varoufakis Friday that they were “handing over the judgement process to the organisation formally known as the Troika” – Draghi’s exact words. This was a direct hit on Syriza’s refusal to deal with the Troika. “Eurogroup will leave the details to this institution, who will present their view to eurogroup” he added.

Feb 23 09:58

Ukraine Gets $17.5 Billion From IMF

The IMF has put in place for the government of Ukraine a four-year extended fund facility worth about $17.5 billion. The facility was approved within hours of the announcement of a cease-fire in the battle between the Kiev government and separatists.

Feb 23 09:12

White elephants in the room: How EU projects blow billions of euros amidst austerity talks

Looking at some of the projects the EU has funded over the last decade, one would think the organization had limitless funds at its disposal. Millions across the continent are currently living in poverty following the fallout of the 2008 financial crisis. One in three Greeks is living below the poverty line, while the nation has an unemployment rate of nearly 30 percent. However, that figure is double amongst the country’s youth. Spain is not fairing much better, with almost a quarter of the working population unable to find a job.

Despite pressing needs to address these problems, the EU has been lavishing billions of euros on extravagant projects, with poor oversight into what will happen to these schemes when completed. RT looks at six ‘white elephants’ the EU has funded, which are leaving taxpayers around the European Union thinking why this was ever built.

Feb 23 09:07

Chevron ditches last European fracking project in Romania

US energy giant Chevron is terminating its operations in Romania due to poor exploration results and prolonged protests by environmentalists.The withdrawal from this fracking project will mark the end of the company’s shale gas exploration in Europe.

Feb 23 09:06

What Ordinary Greeks Think Of Friday's Deal: "We Went Through Two Months Of Agony To Realize We Are Still A Debt Colony"

"Their political problem is that this a reversal of their election position. There is absolutely nothing on the table that could be considered a concession. They're now compromising and compromising quite significantly," he told national broadcaster RTE, but made clear Athens had little choice. "The biggest threat to Greece was that their banking system would go belly up next Wednesday."

Feb 23 08:52

‘Bailout deal won’t stop Syriza from cutting austerity trend’ – Greek econ minister

Syriza is still determined to fulfill its campaign promises to cut austerity regardless of the new agreement between Athens and Eurozone ministers, a Greek economic minister told RT.

In accordance with a deal agreed to on Friday, Greece must submit a list of reforms for review to a group of bailout monitors on Monday. If the reforms are approved, Athens will secure a four month extension to Eurozone funding.

The extension provides Greece with a temporary economic lifeline, without offering permanent solutions to the debt-ridden nation.

Feb 23 08:46

This European Nation's Poverty Rate Just Hit A Record High (Spoiler Alert: Not Greece)

For the last few years - and most especially the last few months - all eyes have been focused on Greece. From record poverty rates to record suicide rates and levels of youth unemployment, post-election emboldened hopes for a phoenix-like rebirth of a nation from the flames of Eurogroup repression were seemingly dashed on Friday. However there is another nation, that begins with the letter 'G' and that is at the heart of the EU-Greece talks that is suffering seemingly silently. As Newsweek reports, poverty in Germany is at its highest since the reunification of the country in 1990, with 12.5 million residents now classified as 'poor'...

Feb 23 08:42

Even If Current Talks Are Successful, Grave Greek Problems Remain

Greece readies list of reforms to dodge bankruptcy ... Yanis Varoufakis says a bail-out extension will be "dead and buried" if international creditors do not ratify Athens' proposals ... The Greek government will put forward plans to root out tax evasion and overhaul the country's labour laws in a bid to convince creditors it should be granted a vital extension of its bail-out programme on Monday. – UK Telegraph

Feb 22 09:08

Gorbachev Says War With Russia Is Imminent

Ex Russian President Mikhail Gorbachev has said that he believes the United States is attempting to drag Russia into a war and is pulling the European Union into the situation too.

Feb 21 08:37

'Guantanamo of the East': Ukraine Locks Up Refugees at EU's Behest

Brussels is doing all it can to prevent refugees from reaching Fortress Europe, with initiatives like funding the construction of internment centers in Ukraine. Asylum seekers who have spent time there report miserable conditions and abuse.

Feb 21 08:37

Brussels makes moves to bring 'Europe's last dictator' in from the cold

Belarus president Alexander Lukashenko’s hosting of Ukraine peace talks may be having a side effect – thawing relations between the European Union and a man the west calls “Europe’s last dictator”.

Feb 21 08:36

Victoria Nuland Shocks, Irritates Germany for the Second Time

According to the report, Nuland called Chancellor Merkel’s trip to visit Russian President Vladimir Putin “Merkel’s Moscow stuff.” The atmosphere heated up; one of the senators was to have ridiculed the German Defense Minister (the “Defeatism Minister”); a reference to the Europeans’ “Moscow bullshit” was probably also made.

The top diplomat Nuland is considered conservative. In case of an electoral victory by the Republicans in the coming year, she will be considered a potential new Secretary of State. She is married to Robert Kagan, a [Ed: neo-]conservative thinker. Last year he published a text, why America must remain the undisputed leader of the world.

In the Ukraine crisis Nuland is a hardliner and a supporter of delivering weapons – unlike her President Barack Obama, she has a clear opinion on what needs to be done.

Feb 20 13:34

Greece, eurozone officials agree to extend bailout by 4 months

Greece and eurozone finance ministers have struck a deal to extend the Greek bailout by another four months with Greece given till Monday to present a list of reform measures for the creditors to review.

Feb 20 13:20

Full Eurogroup Statement On Greece

Just out from the Eurogroup, the final statement. Bottom line: Greece caves on pretty much everything, however the dreaded "Troika" words has been replaced with "institutions." Sarcasm aside, Greece has just kicked the can for four months. Why four months? Because that's just ahead of the big Greek debt maturity.

Feb 20 13:03

Greece, euro zone creditors reach accord on loan

Euro zone finance ministers reached an agreement on Friday to extend heavily indebted Greece's financial rescue by four months, officials on both sides said.

"It's done. For four months," one said.

An agreement removes the immediate risk of Greece running out of money next month and possibly being forced out of the single currency area. It provides a breathing space for the new leftist-led Athens government to try to negotiate longer-term debt relief with its official creditors.

Feb 20 09:11

Russia’s Antimonopoly Agency Launches Antitrust Probe Against Google

Yandex said Google prevents manufacturers of phones and tablets working on the US company's Android operation system from preinstalling services by Google's competitors.

Yandex is a party to another antitrust investigation against Google, led by the European Commission.

Feb 20 08:53

Dutch Government Releases Heavily Redacted MH17 Documents

The Dutch government released dozens of documents Tuesday about the aftermath of the downing of Malaysia Airlines Flight 17, but much of the information was redacted in order to safeguard "the interests of the Netherlands' relationship with other states"

Feb 20 08:50

Germany and its allies declared their consent to the exit of Greece from the eurozone

Google Translate: Block eurozone countries led by Germany agree on a Greek exit from the currency bloc if agreement on Greek debt and extend the program of financial aid to the country will not be reached, said Finance Minister of Malta, Edward Scicluna.

Feb 20 08:40

How Germany Is Blowing Up The European Union

As Germany is set to reject a Greek loan extension request (and no, international press, that is not the same as an extension of the bailout program), Steve Keen uses proprietary numbers issued by the OECD – which is supposed to be on Germany’s side?! – to show how dramatically austerity has failed in Europe- that is, if the recovery of the Greek and Spanish economies was ever the real target. It certainly failed the populations of the countries.

Webmaster's Commentary: 

Austerity was never meant to improve the lives of the people. It was designed to loot the people to make the private central bankers richer than they already are!

Feb 20 08:38

Germany Slams Greek Bailout Extension Proposal As "Trojan Horse" - Full Text

As leaked by Reuters moments ago, here is the text of a document that describes Germany's position on Greece's letter requesting an extension of its bailout facility as nothing short of a Trojan Horse.

Feb 20 08:17

Greece Gives Europe A Counter-Ultimatum: Accept Or Reject Our Offer

UPDATE: *GREEK GOVT WON'T ACCEPT ULTIMATUMS, WON'T GIVE ANY: OFFICIAL

After days of repeated ultimata from The Eurogroup, as Germany (bad cop) and the rest (good cop) make optimistic sounds, this morning's rejection of Greece's latest plan (following Greek comparisons of Germany to Nazi surrender demands) has prompted something new:

*EU HAS 2 CHOICES, APPROVE OR REJECT GREEK REQUEST: OFFICIAL
*EUROGROUP MEETING TO SHOW WHO WANTS A SOLUTION: GREEK OFFICIAL

Feb 20 07:15

Britain, Spain oppose lethal military assistance to Ukraine

The United Kingdom and Spain have expressed opposition to the provision of lethal military aid to Ukraine, highlighting that the settlement of hostilities between pro-Russia forces and the Ukrainian military has to come through dialogue.

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