Posted by seumasach on July 22, 2015
Justin Raimondo
15th July, 2015
The historic agreement signed by the P5+1 and the government of Iran marks a turning point in America’s relations with the world. It reverses the momentum of nearly fifteen years of constant warfare and puts us on a path to peace.
Posted in Global peace process, Iran | Tagged: End of empire, Obama agenda, Obama's realist turn, retreat from empire | Leave a Comment »
Posted by seumasach on July 22, 2015
21st July, 2015
WASHINGTON — President Barack Obama is thanking Chinese President Xi Jinping (shee jihn-peeng) for China’s role in securing the nuclear deal with Iran.
Posted in Global peace process, Iran | Tagged: asia pivot, Obama's realist turn, retreat from empire | Leave a Comment »
Posted by seumasach on July 21, 2015
21st July, 2015
The Greek debt crisis has evolved in a dramatic way over the past weeks. Despite a Greek referendum voting no to the reform proposal, the European creditors have insisted on even harsher austerity measures as precondition for a third bailout, which Greek Prime Minister Alexis Tsipras finally accepted with deep reservations.
Posted in Battle for Europe | Tagged: eurozone integration | Leave a Comment »
Posted by seumasach on July 20, 2015
“From now on, it will be the bank’s shareholders and their creditors who will bear the related costs and losses of a failure rather than the taxpayer.“
31st December, 2014
A single rulebook for the resolution of banks and large investment firms in all EU Member States is set to enter into force as of 1 January 2015. The new rules will harmonise and improve the tools for dealing with bank crises across the EU. They will also ensure shareholders and creditors of the banks pay their share of the costs through a “bail-in” mechanism.
Posted in Battle for Europe | Tagged: bail-in | Leave a Comment »
Posted by seumasach on July 20, 2015
19th July, 2015
French President Francois Hollande said that the 19 countries using the euro need their own government complete with a budget and parliament to cooperate better and overcome the Greek crisis
crisis.
Read more
Posted in Battle for Europe | Tagged: eurozone governance | Leave a Comment »
Posted by seumasach on July 19, 2015
Cailean Bochanan
19th July, 2015
Just before the Greek referendum George Galloway tweeted:
“Greek Partisans will vote NO in Sunday’s referendum. There is European life after the Euro. No more bail-outs for bankers. Go for growth!”
Galloway would , of course, have been equally vehement in his opposition to the bail-out of the City of London in 2008. Well, actually, no. In statement made at the time he said:
“In the midst of this financial crisis which threatens us all, at last the government is taking action which may begin to shore up the banking system. I hope that it is not, as many in the City are saying, “too little, too late”. “It was essential the government propped up the banks’ capital base, it had to provide lending to banks that can’t borrow money from others to pay their debts. And we had to have a guarantee of bank debts, if we were not to see a full-scale financial panic and the collapse of the whole debit and credit system. But having put the money in, the government now needs to force the banks to pay the public back in return.”
Leaving aside the piety at the end this was simply a full endorsement of the bail-out. In an extraordinary but characteristic bit of sophistry Galloway was able to spin the bailout as a break from neoliberalism, as a break “from the outdated dogmas of free market economics.”
Posted in Battle for Europe, British economy, Financial crisis | Leave a Comment »
Posted by seumasach on July 18, 2015
18th July, 2015
Seven in 10 Greeks are in favor the government reaching an agreement with the country’s creditors, even if it involves tough measures, according to an opinion poll published on Saturday.
Posted in Battle for Europe | Leave a Comment »
Posted by seumasach on July 18, 2015
M.K.Bhadrakumar
17th July, 2015
Most analysts blithely overlook that Iran also has a “Look East” dimension to its foreign policies and once it shakes off the shackles of the UN sanctions, it is that vector which is bound to become lively almost overnight, impacting the regional alignments in the South Asian region in a major way.
Posted in Global peace process, Iran | Tagged: Iranian diplomacy | Leave a Comment »
Posted by seumasach on July 17, 2015
16th July, 2015
US President Barack Obama has thanked his Russian counterpart for his role in achieving a nuclear agreement with Iran. Washington says the two leaders also pledged to work to reduce tensions in Syria.
Posted in Global peace process | Tagged: Obama's realist turn, retreat from empire | Leave a Comment »
Posted by seumasach on July 17, 2015
IMF’s Lagarde: Straight ‘haircut’ for Greece’s debt is off the table
17th July, 2015
PARIS — The International Monetary Fund will participate in the Greek bailout plan if it includes debt restructuring and bold government reforms.
Posted in Battle for Europe | Leave a Comment »
Posted by seumasach on July 16, 2015
M.K.Bhadrakumar
15th July, 2015
The world community has overwhelmingly, enthusiastically welcomed the Iran nuclear deal. Many western powers are scrambling to tap into the deal and take advantage of seamless business opportunities that could be opening up. The French Foreign Minister Laurent Fabius who has been in the forefront of those insisting on an iron-clad agreement is likely to be in a long line of top diplomats beating a path to Tehran.
Posted in Global peace process, Iran | Leave a Comment »
In These New Times 