Spiegel 

15th October, 2012

Europe won the Nobel Peace Prize last week, but it comes at a time when the threat of the European Union splitting is considerable. Great Britain is turning away from the EU and the German government is allowing it to do so. In the future, Chancellor Merkel wants to forge ahead with projects London opposes.

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The simple reality is that however bad Euroland may be the US/UK is far worse. This is the secret of the partial revival of the Euro since, if anything, the problem of European leadership has worsened with the election of the pathetic stooge, Francois Hollande. Euroland awaits a leadership which can rebuild the real economy,free it from US tutelage and engage constructively with Russia, China and the emerging Global South

Market Watch

9th October, 2012

Three years ago this month, a newly elected government in Greece revealed that it had inherited a budget deficit far greater than had been reported. The previous conservative administration, it alleged, had lied about the magnitude of Greece’s fiscal gap.

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The wider geo-strategic background to this is that Britain has no intention of becoming part of Federal Europe and would inhibit any projected independent European defence capability

Guardian

11th October, 2012

The €35bn (£28bn) mega-merger between BAE Systems andEADS collapsed as a result of personal opposition from the German chancellor, Angela Merkel, and despite a series of 11th-hour interventions from Downing Street officials and their counterparts in Paris and Berlin attempting to keep the deal alive.

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In this global world, single European countries are bound to count for less than a larger, united Europe. Only a larger Europe can confront now and in the future emerging giants like China, India, Indonesia, Brazil, South Africa, etc. This larger Europe would be convenient for everybody. Then Europe should try to link as closely as possible to Asia, home of most of those emerging giants. Germany knows it and has been investing much of its trade surpluses in Asia, and in China in particular, in recent decades. It can carry on doing it on its own, but it would be important to establish direct communication routes between Asia and Europe. These routes go through Russia or the Mediterranean from China, or if goods come from India and Southeast Asia, only through the Mediterranean.

Francesco  Sisci

Asia Times

5th September, 2012

The European Union is at a dead end. This is not because the Germans, Italians, and French and the failing Spanish and Greeks are at loggerheads about how to improve their national accounts. The EU is ending because it is hopeless: there is no hope, no program, and no real plan to hold the union together or to demonstrate why countries with different traditions, laws, and senses of identity – countries that have been at war with one another for most of the past three centuries – should now merge and embrace the future together rather than repelling it.

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Now that the  French political class has turned France into a fief of Wall Street the way is ahead to impose the Obama agenda on Europe. Germany is isolated and will have difficulty in resisting a strategy of systemic euro devaluation, in order to sustain the dollar, accompanied by complete subservience to Washington’s criminal activities in Syria and elsewhere.

Spiegel

1st August, 2012

This week, some euro-zone members have been calling for thepermanent bailout fund to be provided with a banking license that would provide it with unlimited access to money from the European Central Bank. The “bazooka” option might help crisis countries in the short term, but it would entail massive risks in the long run.

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