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Archive for the ‘Battle for Europe’ Category

Russia, EU exchanging glances

Posted by seumasach on August 17, 2014


Indian Punchline

17th August, 2014

Open dissent erupted at the European Union foreign ministers’ meeting on Friday regarding sanctions against Russia. In an extraordinary outburst, Hungary’s prime minister ridiculed, here, that the Europeans are shooting at their own feet. Earlier, Slovakia and Czech Republic also sought a rethink on the sanctions policy. That leaves Poland, Lithuania and Romania as the odd ‘hawks’ in ‘New Europe’ allied with Washington. 

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“Anti-Putin” Alliance Fraying

Posted by seumasach on August 17, 2014

 Germany, Slovakia, Greece, Czech Republic Urge End To Russian Sanctions

Zero Hedge

16th August, 2014

Last week Germany reported that in the second quarter, its GDP declined by 0.2%, worse than Wall Street consensus. This happened a few shorts days after Italy reported a second consecutive decline in its own GDP, becoming the first Europen country to enter a triple-dip recession. What’s worse, Europe’s slowdown took place before the brunt of Russian sanctions hit. Surely in the third quarter the GDP of Germany, a nation whose exports accounts for 41% of GDP, will be even worse, with whisper numbers of -1% being thrown casually around, but one thing is certain: Europe is about to enter its third recession since the Lehman collapse just as we forecast at the end of 2013, a “triple-dip” which may become an outright depression unless Draghi injects a few trillion in credit money (which will do nothing but delay the inevitable and make it that much worse once the can can no longer be kicked), and unless normal trade ties with Russia are restored.

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The Euro-BRICS project

Posted by seumasach on August 9, 2014

NKI BRICS-LEAP meeting in Paris (27/07/2014)

LEAP 2020

4th August, 2014

On July 27th, in Paris, as part of the Euro-BRICS project, representatives of NKI BRICS and LEAP met in order to discuss interesting perspectives of cooperation. NKI-BRICS’ website reports:

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BRICS 2009-2014: Five years of lost opportunities for Europe …

Posted by seumasach on August 7, 2014

LEAP 2020

27th July, 2014

When the BRIC launched their own club in 2009[1], their goal was pretty simple: to provide a group strong enough to initiate and drive the reform of the global governance institutions. This dynamic alliance intended to pursue their adjustment to the new realities of a multi-polar world in which they were the main actors : to reconcile voting weight and financial participation in the IMF[2] and the World Bank, to integrate the  constraints of the new powers in this WTO[3]“philosophy” and to involve the dollar in a basket of currencies of significant world economies in order to create a new international trading currency, a stronger and more representative[4] one…

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Germany to reject free-trade agreement with Canada

Posted by seumasach on August 5, 2014

“Toujours selon le quotidien «Sueddeutsche Zeitung», des diplomates allemands à Bruxelles auraient également affirmé que si l’accord de libre-échange avec le Canada était rejeté, celui avec les États-Unis subirait vraisemblablement le même sort.”

[According to the «Sueddeutsche Zeitung», German diplomats in Brussels alsao affirmed that if the free trade deal with Canada was rejected , that with the USA would meet with the same fate]

L’Allemagne rejetterait l’accord de libre-échange


27th July, 2014

MONTRÉAL – L’Allemagne serait sur le point de rejeter l’accord de libre-échange conclu entre le Canada et l’Union européenne (UE) l’an dernier, a révélé samedi un quotidien allemand.


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Germany gives green light for banking union plans

Posted by seumasach on July 11, 2014

To minimize the expense to euro zone taxpayers, European Union policymakers have drawn up a law under which shareholders, creditors and very large depositors will lose money first in the event of a bank failure.

For some reason many commentators fail to distinguish between bail-in, as is the case here,  and bailout, as we saw in US/UK in 2008. The above makes it clear.

11th July, 2014

Germany’s cabinet has approved a package of draft laws which effectively give the go-ahead to Europe’s plans for banking union – the main confidence-building response to the crisis in the financial sector, a government source said yesterday.

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French celebs blast EU-US trade treaty

Posted by seumasach on July 11, 2014

The Local

10th July, 2014

One hundred of France’s leading luminaries have launched a campaign to oppose Europe’s negotiations with the United States that would create a massive free trade zone. The group are worried about a lowering of “social standards”, as well as tainted American food products

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France lashes out against US dollar

Posted by seumasach on July 9, 2014

…calls for ‘rebalancing’ of world currencies


7th July, 2014

The French government wants to break the monopoly the dollar has on international transactions after the country’s largest bank, BNP Paribas, was slapped with a record $9 billion fine and a 1-year dollar trading ban.


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Putin slams US, says Europe ‘natural partner’

Posted by seumasach on July 2, 2014


1st July, 2014

(MOSCOW) – President Vladimir Putin on Tuesday described the conflict in Ukraine as the culmination of Western efforts to contain Russia and sought to play Moscow’s “natural partner” Europe against the United States.

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France’s Noyer says BNP may prompt shift away from Dollar

Posted by seumasach on June 13, 2014

France’s Noyer Says BNP May Prompt Shift Away From Dollar


11th June, 2014

Bank of France Governor Christian Noyer said the U.S. investigation into BNP Paribas SA (BNP)’s dealings with sanctioned nations may encourage companies to stop using dollars in international transactions.

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!0 billion BNP Paribas fine “an aggression against France and Europe”

Posted by seumasach on June 9, 2014

and raises the possibility of the suspension of talks on TTIP(Transatlantic Trade and Investment Partnership

« C’est une agression contre la France et contre l’Europe » a déclaré le député-maire de Saint-Quentin (Aisne) sur Europe 1. « L’administration américaine a été trop laxiste avec ses banques et aujourd’hui ils ont décidé de faire un exemple avec la BNP », a-t-il expliqué.

« Si ça ne suffit pas, il y a des négociations en cours » sur le traité transatlantique de libre échange. « Nous avons la possibilité de demander au niveau européen la suspension de ce traité », « alors il faut utiliser le
rapport de forces », selon lui.

Bertrand (UMP): Hollande doit obtenir la fin du « harcèlement » contre BNP Paribas


9th June

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