Britain Vetoes EU Treaty on Fiscal Consolidation
Earlier in the week, I wrote about how David Cameron wanted to use his leverage as a non-Eurozone member of the EU to wring concessions as a condition of signing treaty changes. At the EU summit, he...
View ArticleEurozone Releases Formal Agreement
The 17 countries of the Eurozone formally backed a new deal for fiscal management, one designed to “save the euro” but which can only help if a host of other measures fall into place, including any...
View ArticleEurozone Busily Decimating Member Countries
When Standard and Poor’s downgraded nine European countries last Friday, they said plainly that European leaders were blinding themselves to the full crisis: We also believe that the agreement [the...
View ArticleGreece Asked to Destroy Itself In Exchange for Bailout
Greek bailout talks have deadlocked again, but at the moment the culprit is not the hedge funds seeking a higher payout on the distressed debt they bought, but the “troika” of the EU, ECB and the IMF....
View ArticleDay of Deals: Greek Bailout Terms Reached
This must be the day when everything gets sewn up into neat little packages. The Greek government has announced a deal has been reached to secure their second bailout, though one junior partner has not...
View ArticleHollande and Merkel Meet as Greek Woes Continue
German Chancellor Angela Merkel and French President Francois Hollande met yesterday in Berlin, in what was kind of an awkward summit. But they did appear united on one point: that Greece must keep...
View ArticleEU Fiscal Union Proposal Looks Right Terrible
The EU has come up with a plan, to be discussed at this week’s summit, to dramatically consolidate fiscal policymaking power in a Eurozone leadership figure, without authorizing the kind of fiscal...
View ArticleEU Oil Embargo of Iran Begins
Over the weekend the European Union inaugurated its embargo on Iranian oil, the most wide-reaching impediment to the Iranian economy of the recent sanctions. The EU as a market is bigger than the...
View ArticleCyprus Bank Holiday Is Extended Again As Unrest Continues
The bank holiday in Cyprus that was supposed to end Thursday has been extended again which has done little to ease the anxiety of Cypriots desperate to withdraw their savings for fear of having them...
View ArticleNew Cyprus Bailout Deal Announced
A new Cyprus bailout deal worth 10 billion euros was announced today by EU leaders which involved shutting down one of the country’s largest banks. The deadline for such a deal was set for today by...
View ArticleEU Votes To Suspend U.S. Data Sharing Agreements Over NSA Scandal
The fallout from the NSA spying scandal may be just beginning as the European Parliament voted in favor of a resolution that would back the European Commission if it decides to suspend data sharing...
View ArticlePeace Talks Collapse As Violence Escalates In Ukraine
Protests in the Ukrainian capital of Kiev are deteriorating rapidly with last night being of the bloodiest nights so far. The ministry of health says that 25 people have died and over 240 have been...
View ArticleUkraine’s Future Could Be Civil War
Ukraine's political divide #map – Source: WaPo // Language divide translates into a political divide. 2010 election pic.twitter.com/hh3rZ1ka7f — hedgefundinvest (@hedgefundinvest) February 22, 2014...
View ArticleSanctions Target Putin’s Political Allies As Crimea Annexation Bill Moves...
Russia’s lower house of parliament voted to officially annex Crimea, a move the upper house is expected to follow up with today completing the process of annexation under Russian law. This formal...
View ArticleUS Trying To Push Europe Into Further Conflict In Ukraine
Ukraine, (South) East vs (North) West pic.twitter.com/wpQ01fAgsA — ian bremmer (@ianbremmer) April 28, 2014 Despite not having any legitimate interest in the crisis in Ukraine the United States is...
View ArticleKiev Holds Peace Talks, Doesn’t Invite Other Side
And you thought the Israeli-Palestinian peace talks were doomed. The gang in Kiev has decided to conduct peace talks apparently only forgetting one thing, you have to talk to the people you are...
View ArticleSecret Recording Reveals Polish Foreign Minister Thinks US Alliance Is...
Murzyńskość = Négritude – Wikipedia, wolna encyklopedia http://t.co/MGKgnUujFE — Radosław Sikorski (@sikorskiradek) June 22, 2014 Radoslaw Sikorski, Poland’s Foreign Minister, in an unguarded, candid,...
View ArticlePolish Security Services Raid Magazine Offices After Publication Of Secret...
Polish Prime Minster Donald Tusk So much for press freedom. After Polish weekly magazine Wprost published transcripts from a secretly recorded conversation by Polish Foreign Minister Radoslaw Sikorski...
View ArticleGoogle’s Monopoly Under Threat In Europe
Though Google may have US officials on the end of a string it is facing serious pushback in Europe. Calls for the search monopoly to be broken up and more heavily regulated have been voiced from high...
View ArticleUkraine Defense Minister Says NATO Countries Now Shipping Arms To Kiev
Ukraine PM: Only NATO can defend Ukraine from aggression. Doesn't look good, then.. pic.twitter.com/jzg1loL9GY — ian bremmer (@ianbremmer) September 13, 2014 The Ukraine Defense Minister has now...
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