Posted by seumasach on June 13, 2014
The idea of bailing out the banks in perpetuity is totally devoid of realism. Neither the pound sterling nor the British people would survive such a policy. The only answer is to allow the banks to fail, to put them through bankruptcy.
Britain’s financial sector remains vulnerable to further global shocks and the Bank of England must be ready to rescue banks that run short of funds, Threadneedle Street warned on Thursday.
Posted in UK economy | Tagged: bankrupt Britain, failing banks, no more bailouts-put banks into receivership, no more bombing!-no more bailouts! | 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 12, 2014
Annan’s intervention chimes in with Blair’s 23rd April speech in calling for an anti-terrorist alliance with Russia and China. Russia and China would embrace this and, in my view, it correspond’s to Obama’s deeper geo-strategic goals. As for Britain and France, they don’t quite know what to think since they are not sure what Washington thinks. Significantly Annan also includes Iran in this alliance.
12th June, 2014
Former United Nations Secretary-General Kofi Annan has called for a core group of countries to work together to help Iraq and Syria resolve the conflicts in their countries.
Posted in Iraq | Tagged: East-West alliance against ISIL, US-Russia strategic partnership | Leave a Comment »
Posted by seumasach on June 9, 2014
Did you face difficulty in bringing together the Libyan army again?
I didn’t experience any difficulty in calling military members. As soon as they heard the call, they went in large numbers to various sites in Libya. It is difficult for the government to do this kind of thing.
Egypt and Algeria are brotherly states, and cooperation between us and Algeria will be quick and easy.
The reintegration of the Libyan army and the role of Egypt and Algeria are key to re-establishment of Libyan state
June, 2014
In the second part of an interview from within his stronghold at an air force base [in eastern Libya], Khalifa Hifter, the commander of “Operation Dignity,” spoke about the border with Egypt and securing it. Hifter said he agrees with the method chosen by Egypt [to secure the border], even if it reached the point of a military strike within the borders of Egypt’s western neighbor.
Posted in Libya | Tagged: Arab revolution | Leave a Comment »
Posted by seumasach on June 9, 2014
4th June, 2014
After more than six decades of dictating development policy in much of the emerging world, the Western-led International Monetary Fund and World Bank may soon have some competition.
The BRICS nations — Brazil, Russia, India, China and South Africa — are reportedly close to finalizing their long-awaited development bank and currency reserve, each valued at $100 billion, in what has been billed as a historic challenge by the world’s emerging economies to a global financial architecture that has been dominated by the U.S. and Western Europe since its post–World War II inception.
Posted in Currency Wars | Tagged: brics bank, BRICS(Brazil-Russia-India-China-South Africa) | Leave a Comment »
Posted by seumasach on June 9, 2014
M.K.Bhadrakumar
9th June, 2014
The two-day visit by Iranian President Hassan Rouhani to Turkey on Monday is invested with a lot of significance for the Middle Eastern politics. The glaring 18-year gap since the then President Hashemi Rafsanjani visited Turkey in 1996 flags what a complex relationship this has been between the two neighboring countries. Their hidden, unspoken rivalries as regional powers largely accounted for this complexity, laced with the perennial civilizational overtones that lurk below the surface.
Posted in Global peace process, Multipolar world | Tagged: Iranian diplomacy, Turkish diplomacy, Turkish-Iran relations | 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
9th June
Posted in Battle for Europe | Leave a Comment »
Posted by seumasach on June 9, 2014
Leaving aside the routine denunciation of “the flint-eyed occupant of the Kremlin” this article reveals the West’s growing disenchantment with their own creation in Kiev.
8th June, 2014
The yellow and blue stripes of Ukraine’s national flag are designed to symbolise a happy union between golden fields and the summer sky. At the moment, the sweeping plains of Donetsk do indeed resemble this vision of idyllic harmony – until, that is, you run into a checkpoint manned by pro-Russian rebels or Ukrainian soldiers.
Posted in Ukraine War | Leave a Comment »
Posted by seumasach on June 7, 2014
Thierry Meyssan
6th June, 2014
The Syrian presidential election surprised both Syrians and their allies and enemies. The poll, which everyone agrees was legitimate, mobilized 73.42% of the electorate, despite the inability of some people to get to the polls because of the occupation of part of the country by foreign mercenaries. Bashar al-Assad won 88.7% of the vote and his mandate has been extended for 7 more years.
Posted in Syria | Tagged: Assad must stay, Bachar Al-Assad | Leave a Comment »
Posted by seumasach on June 7, 2014
Since when did the West require proof for its various assertions and since the Americans already claim to have it couldn’t they just give it to Kiev? Or is this a subtle shift by the State Department?
5th June, 2014
MOSCOW, June 5 (RIA Novosti) – US Secretary of State John Kerry has urged Ukrainian President-elect Petro Poroshenko prove that Russia is involved in the independence movement in the eastern regions of Ukraine, according to The New York Times.
Posted in Ukraine War | Leave a Comment »
Posted by seumasach on June 5, 2014
5th June, 20145
Two Eastern European nations, Slovakia and the Czech Republic, have refused to host foreign troops and military bases. The prime ministers of both countries have consecutively spoken against the proposal voiced by US President Barack Obama.
Posted in Ukraine War | Leave a Comment »
In These New Times 