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.
Posted in Battle for Europe, Financial crisis | Tagged: bail-in, bailout, european banking union, no more bombing!-no more bailouts!, stop the bailout | Leave a Comment »
Posted by seumasach on July 11, 2014
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
Posted in Battle for Europe | Tagged: Stop TTIP!, Transatlantic Trade and Investment Partnership (TTIP) | Leave a Comment »
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.
Posted in Battle for Europe | Tagged: dollar collapse, End of empire | Leave a Comment »
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.
Posted in Battle for Europe, Coup d'état in Ukraine | Tagged: Russian diplomacy | Leave a Comment »
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.
Posted in Battle for Europe, Currency Wars | Tagged: dollar collapse, Transatlantic Trade and Investment Partnership (TTIP) | Leave a Comment »
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
Posted in Battle for Europe | Leave a Comment »
Posted by seumasach on May 20, 2014
“Because political anticipation isn’t a crystal ball but a rational tool to help make a decision and thus “armageddonist” scenarios (3) whose purpose is to paralyse people by terrifying and crushing them will never be the basis of its business.”
The Ukrainian crisis gathers all the conditions together to give a saving jolt to Europe
15th May, 2014
After two deliberately alarmist issues, our team wants to get back on the path of positive anticipation. Not that Europe is yet out of trouble but Political Anticipation (1) as conceived by its inventor, Franck Biancheri, stating that man is the author of his own destiny provided that he arms himself with the means to have a good understanding of the trends at work, aims to envisage desirable and feasible futures and identify players, openings and choices to draw upon to build this desirable and feasible future. Political anticipation isn’t afraid of being wrong in its forecasts (2) provided that it has contributed to a better understanding of the dynamics at work, pick up the trends supporting a positive future and show how to capitalize on these future paths. Because political anticipation isn’t a crystal ball but a rational tool to help make a decision and thus “armageddonist” scenarios (3) whose purpose is to paralyse people by terrifying and crushing them will never be the basis of its business.
Posted in Battle for Europe | Leave a Comment »
Posted by seumasach on May 6, 2014
“In most countries, it would be highly unusual for corporate executives to inject themselves into geopolitics and matters of national security with the forcefulness that a number of German business leaders have. But many of Germany’s largest companies have substantial Russian operations, built in some cases over decades, and worry that tough economic sanctions would rob them of a key growth market when their home market—Europe—is stagnant.”
1st May, 2014
BERLIN— Angela Merkel is carrying a clear message from Germany’s business lobby to the White House: No more sanctions.
Posted in Battle for Europe, Coup d'état in Ukraine | Leave a Comment »
Posted by seumasach on May 3, 2014
Boiling Frogs Post
2nd May, 2014
Edward Bernays once famously promoted the “conscious and intelligent manipulation of the organized habits and opinions of the masses” through the use of propaganda, which he considered an “important element in democratic society”. Today’s so-called “liberal democracies” are testament to Bernays’ assertion. The “father of public relations” demonstrated early on that propaganda can be used for many different purposes, from selling cars to selling wars. Especially the latter has become the primary task of media in the United States and other NATO countries in recent years. With Iraq still burning, Western media played a decisive role in turning Libya and Syria into failed states as well. The propaganda was never particularly sophisticated. After “Saddam has weapons of mass destruction” came “Gaddafi is killing his own people” and eventually “Assad is like Hitler”. But mainstream media reporting got even worse during the Ukraine crisis and this could have unforeseen consequences for those in power.
Posted in Battle for Europe, Coup d'état in Ukraine, Disband NATO! | Tagged: independent Europe, Stop TTIP!, Transatlantic Trade and Investment Partnership (TTIP) | Leave a Comment »
Posted by seumasach on April 30, 2014
But, as well as a Eurasian revolution it must force a European revolution. Kerry latest speech imposes impossible demands on Europe: a rise in NATO spending per member and the opening of the European market to GM crops and fracking. Popular protests against austerity are going to have to focus on these issues, all the more so since it is now clear, in the light of the Ukraine fiasco, that the European leadership is compromised and unable to lead Europe towards independent policy.
30th April, 2014
BEIJING – It has not happened yet, but expectations are already enormous. A massive strategic and economic shift is expected to result from Russian President Vladimir Putin’s to China in May.
Posted in Battle for Europe | Tagged: Asian pivot, BRICS(Brazil-Russia-India-China-South Africa), eurasian project, russia-china strategic partnership, Shanghai Cooperation Organization (SCO), strategic partnership between US and China | Leave a Comment »
Posted by seumasach on April 18, 2014
A new cold war led by the USA has become a fashionable theme. However, core US diplomacy has consistently contradicted such a scenario. The USA, more than Europe, needs to reach out to the BRICS for its own salvation. The problem is that vested interests, the imperial state if you like, continue to rely on a strategy of geopolitical tension. But the CIA, the neo-cons, the Israel lobby, the Military Industrial Complex and their congressional representatives have emerged from the fiascos in Syria, Venezuela and Ukraine embittered and weakened. This should enable Obama to pursue policies in accord with US national interests whereby US retreat from empire is rewarded by inward investment from China and others. For that surplus to be available a new motor of global development must emerge which can only be the Eurasian economic space from Shanghai to Lisbon. The resolution of the Ukrainian crisis, the first step of which was completed at Geneva yesterday, will facilitate this happy development. Certainly Russia and China are emerging as leading global players but their prime goal is geo-strategic partnership with the USA. By an agonised path Obama is positioning himself to reciprocate
17th April, 2014
In the present confrontation between Russia and the West over the Ukrainian crisis, the image of the Cold War inevitably comes to mind and the media are obviously fond of it. However, contrary to what it gives us to understand, it’s not Russia that seeks the return of an iron curtain but really the US. An iron curtain separating the old powers and emerging nations; the world before and the world afterwards; debtors and creditors. And this in the crazy hope of preserving the American way of life and the US’ influence over “its” camp in the absence of being able to impose it on the whole world. In other words, go down with as many companions as possible to give the impression of not sinking.
Posted in Battle for Europe | Tagged: BRICS(Brazil-Russia-India-China-South Africa), End of empire, eurasian project, EuroBrics, Multipolar world, Obama v. congress, Obama's realist turn, retreat from empire, Russian diplomacy, strategic partnership between US and China, the Eurasian Union, Transatlantic Trade and Investment Partnership (TTIP), US-Russia strategic partnership | Leave a Comment »