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Archive for the ‘Battle for Europe’ Category

The euro has the power to challenge the dollar

Posted by seumasach on September 13, 2018

Bloomberg

12th September, 2018

European Commission President Jean-Claude Juncker isn’t a nationalist populist, but he devoted his State of the European Union address on Wednesday to the defense of “European sovereignty.” This means, among other things, using the euro to challenge the U.S. dollar’s global dominance, particularly in an era of growing American unilateralism.

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It’s time for realism in EU-Russia ties: France’s Macron

Posted by seumasach on September 2, 2018

This looks like the decisive,long-awaited moment. Prompted by Trump, who seems intent on US withdrawal from Europe, the EU leadership knows that it must now look east. Rumours that Turkey is about to default on its debt could draw the EU closer to avoid heavy loses but negotiations would no longer be about Turkey joining the EU but, rather, the EU joining Turkey, Russia, Iran and , above all, China. The EU project becomes the Eurasian project.

Reuters

30th August, 2018

HELSINKI (Reuters) – French President Emmanuel Macron urged the European Union on Thursday to modernize its post-Cold War ties with Russia and pursue “strategic relations” with Turkey as well as other close neighbors, including in defense matters.

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Putin’s wedding trip seals marriage of convenience with Merkel

Posted by seumasach on August 25, 2018

Pepe Escobar

Asia Times

25th August, 2018

It was supposed to be a low-key, traditional Austrian wedding until Vladimir Putin pulled up in a black limo. The bride was Austrian Foreign Minister Karin Kneissl, a top energy analystand former professor at the Diplomatic Academy in Vienna and the European Business School in Frankfurt.

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Germany calls for global payment system independent of the US

Posted by seumasach on August 22, 2018

Tyler Durden

Zero Hedge

In a stunning vote of “no confidence” in the US monopoly over global payment infrastructure, Germany’s foreign minister Heiko Maas called for the creation of a new payments system independent of the US that would allow Brussels to be independent in its financial operations from Washington and as a means of rescuing the nuclear deal between Iran and the west.

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Donald Tusk calls on Europe, China, US​​ and Russia to ‘prevent global chaos’

Posted by seumasach on July 16, 2018

“We are all aware of the fact that the architecture of the world is changing before our very eyes and it is our common responsibility to make it change for the better,” he said on Monday at the opening of a summit between China and the EU in Beijing.

Driven forward by Trump’s bonfire of the institutions of the the post-war US-led system, Europe may be finally emerging as an independent force. A strategically autonomous EU is a crucial part of the multipolar jigsaw, a fact recognised by both Russia and China, contrary to the claims of the western media.

Guardian

16th July, 2018

European Council president Donald Tusk has called on Europe, China, the US and Russia to work together to avoid trade wars and “prevent conflict and chaos”.

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China, Germany relate their common interests

Posted by seumasach on May 27, 2018

Frank Sellers

The Duran

German Chancellor Angela Merkel’s visit to Beijing this week gives us some important details about what is moving the cogs of her foreign diplomatic and trade relations agenda. Merkel has several reasons, both politically and economically to make this journey.

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Japan ambassador’s Brexit warning: there won’t be a deal better than the single market

Posted by seumasach on April 22, 2018

Guardian

22nd April, 2018

“We have 1,000 companies operating in the UK today funded by Japanese capital,” he says. “It accelerated after Margaret Thatcher promoted the UK as the ‘gateway to Europe’ for Japanese firms. The total Japanese investment to the EU’s 28 countries is of course huge, but out of 28 countries the UK alone now absorbs about 40% of total Japanese investment destined for the EU.” This account of a relationship that strengthened year after year – in a period during which the UK was in the EU – raises a very obvious question. Will it continue to thrive after we have left? He replies decisively. “One thing I can say for certain, based on fact, is that the companies operating today in the UK are not expanding their investment in the UK today.”

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Chinese ambassador to EU: No UK trade talks without a Brexit deal

Posted by seumasach on April 17, 2018

In other words, “global Britain” depends entirely on the UK’s relationship with the EU. This is a timely reminder by China after signs that “global Britain” actually means a desperate attempt by the UK to revive Western imperialism under it’s own leadership.

Politico

13th April, 2018

China’s envoy to the EU warned that planned trade talks between London and Beijing face “great uncertainties” if Britain fails to reach a trade deal with the EU beforehand. In his first media interview since becoming ambassador to the EU six months ago, Zhang Ming told POLITICO that EU-U.K. talks must be finalized prior to any detailed negotiations with China. “If there is not a Brexit deal, there won’t be things to talk about after that,” he said, adding, “If the EU and the U.K. fail to reach agreement in the first place, the U.K.’s agreements with other parties may have to face great uncertainties.”

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China, UK pledge co-operation as UK leaves EU

Posted by seumasach on December 17, 2017

The British government has wasted no time in informing China of its new relationship with the EU which will“replicate the status quo”. The stage is thus set for UK-China relations to take up where they left off in 2015 before the Brexit vote. The promised 750 million investment by the UK in Asia infrastructure may seem insignificant but it is the thought that counts. China holds hundreds of billions of pounds in UK guilts and can reinvest them in the UK to great mutual advantage: a classic win/win deal.

 

Kiro7

16th December, 2017

BEIJING (AP) – Britain and China pledged Saturday to promote London as a center for offshore use of Beijing’s currency and cooperate in clean energy research and promoting trade as the United Kingdom prepares to leave the European Union.

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Liam Fox confirms de facto remain position

Posted by seumasach on December 13, 2017

“What I want to see is a full and comprehensive agreement on trade that’s as close to what we have today as possible,” said Fox, an ally of outspoken Brexit advocates like Foreign Secretary Boris Johnson. “If you had a very open and liberal agreement that’s virtually identical to what we have today, for example, then the transitional period wouldn’t need to be as long or as difficult as if it was to something different.”[my italics]

Quoted in Bloomberg

13th December, 2017

Liam Fox, arch-Eurosceptic and Atlanticist confirms that the government have adopted a de facto remain position confirming my own analysis.

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May surrenders as Brexiteers agree to go quietly

Posted by seumasach on December 9, 2017

Cailean Bochanan

9th December, 2017

On a historic day, yesterday Britain resigned its role as a junior partner in the Atlantic Alliance and embraced a new role as a junior partner in the European Alliance.

Something had to give way as the impossibility of Brexit became increasingly obvious. I had anticipated that it would be the government and the Tory party. Instead they both emerged intact at the expense of Brexit itself.

The thorn at the heart of the Brexit gorse bush had been the question of the status of Northern Ireland. Given the impossibility of a hard border between north and south Northern Ireland had to be given special status meaning de facto, continued membership of the Single Market and the Custom’s Union. The loyalist veto of this arrangement meant instead that the whole UK has been given a special status: the UK will remain in both the Single Market and the Custom’s Union. Officially, this arrangement is only temporary, for the duration of the so-called transition. However, since the Irish border problem will not simply go away the UK’s special status will continue indefinitely to be finally resolved, presumably, by our renewed integration into the EU. There is no alternative.

One would have anticipated an immediate backlash against this arrangement by the Tory brexiteers but they have simply rolled over. The British ruling has shown again some of their more positive, traditional attributes: an ability to act pragmatically and to discard useless ideology. What cannot be cannot be, and Brexit cannot be.

That begs the question: what was it all about in the first place? That is beyond my meagre intellectual abilities. However, two things may be pertinent. Firstly, the EU shows no sign of falling apart as was hoped and expected by the neocon wing of the Brexit movement. Euroscepticism is not on the rise and the Catalan declaration of independence, which elicited a brief frisson of excitement in the Brexit camp has not triggered a cascade of regional movements towards the CIA’s favourite Europe of the Regions outcome. Secondly, Trump has adopted a hostile attitude to the UK and has already, effectively, ended the Special Relationship with the result that Britain just has nowhere to go.

These changes may also explain why the Europeans have conceded what they said they would never concede, namely, that the UK can leave the EU and still enjoy the benefits of membership of the EU. But, of course, the unspoken, unspeakable reality, from the brexiteers point of view, is that we aren’t really leaving the EU, except in a purely formal sense. But for the meantime we are in a state of limbo with a special status under a kind of EU mandate.

Ultimately, this astonishing outcome reveals the level of disconnect between ideology and reality. All the current ideologies flow from the Anglophilosophy  and the presuppositions of Anglo-American globalization- globalization from below at the expense of sovereign structures. This is perfectly embodied in the Brexit cult of “free-trade”. What we seeing now is globalization accompanied by global governance stemming from sharing of sovereignty. The Single Market reflects that but it will be even more evident as the One Belt, One Road project takes off. Who is going to regulate or “nationalise” the high-speed trains which will soon connect China and Europe? Who will regulate international trade and an international means of payment now that the Dollar-fiat reserve currency system is coming to an end? Of course, some of these agencies of global governance already exist but they will undoubtedly be transformed, extended or replaced in the coming years.

Britain has, as of yesterday, begun to resolve it’s relationship with the nascent multipolar world order. The fact that Brexit is only a virtual event, or, at least, a real non-event and that that is understood by all will have immediate effects. Most importantly, our deal with are major creditor, China, should be back on to the accompanying smirk of George Osborne. Major problems lie ahead concerning uncontrolled debt, speculative bubbles and lack of income at personal, corporate and national levels with the banks once again looking vulnerable. But, as of yesterday, we will resolve them within a European and multipolar context.

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