EUROPE | WHAT REALLY HAPPENED


EUROPE

Feb 06 11:12

Creditors urge Cyprus to put foreclosure laws in gear

Cyprus (AP) — International creditors urged Cypriot authorities to keep their word and push through crucial foreclosure laws as Cyprus' finance minister insisted that the rescue program is bringing the country back to financial health.

Feb 06 08:04

Calls grow to arm Ukraine, as European leaders scramble for last-ditch peace plan

European leaders scrambled Thursday to try and forge a diplomatic deal to end fighting in eastern Ukraine, in an apparent bid to head off U.S. consideration of lethal military aid for the Ukrainian government in its war against Russian-backed separatists.

Feb 06 07:46

President Hollande Opposes Ukraine’s NATO Membership

France does not support the idea of Ukraine joining NATO, French President Francois Hollande said Thursday.

“For France, Ukraine’s NATO membership would be undesirable,” Hollande told reporters.

Webmaster's Commentary: 

Yep, Europe is bailing on the idea of a new World War fought in their front yards!

Feb 06 07:05

European defence ministers oppose sending weapons to Ukraine

European defence ministers spoke out on Thursday against sending weapons to the Ukrainian army, pointing to a potential transatlantic split if Washington decides to supply arms.

Feb 06 06:57

Syriza Official Vows to Kill EU-US Trade Deal as 'Gift to All European People'

An official with Greece's newly elected Syriza party may have sounded the death knell for a proposed EU-U.S. trade deal that has faced a mountain of opposition from civil society.

The deal is the Transatlantic Trade and Investment Partnership (TTIP), now facing its eighth round of talks between negotiators this week in Brussels.

The TTIP, which would be the biggest trade deal ever, has been criticized as a corporate-friendly deal that threatens food and environmental safety under the guise of "harmonization" of regulations.

Georgios Katrougkalos, now deputy minister for administrative reform, confirmed what he had told EurActiv Greece ahead of his Syriza party's victory last week: that his parliament would not ratify the trade deal.

Webmaster's Commentary: 

Paul Craig Roberts is right; at this rate we can expect outright attacks on the Syriza government.

Feb 06 06:20

‘EU will do anything to keep Greece in’

European leaders are desperately keen to keep the Greeks in the EU and they will do anything they can to persuade the Tsipras government to stay – but sooner or later, ‘Grexit’ is inevitable, David Coburn, UKIP MEP, told RT.

Webmaster's Commentary: 

"Anything" could include arranging a Kiev-esque coup, or as Paul Craig Roberts warns, the assassination of Greece's new government.

Feb 06 06:04

Shunned Greece Agrees To Boost Economic Cooperation With Russia

It's been an odd few days for Greece's new PM Alexis Tsipras. From being lambasted by Jeroen Dijsselbloem, shunned by Angela Merkel's henchmen, holding hands with Jean-Claude Juncker, and losing a key funding channel from Mario Draghi; Tsipras' anti-austerity platform has been 'supported' by Barack Obama and he has been invited for a visit to Russia by Vladimir Putin, and reminded that Russia is willing (and able) to provide financial aid if asked by finance minister Anton Siluanov. So headlines this evening from ekathimerini should not be entirely surprising that Putin and Tsipras have agreed to boost cooperation in the economy and energy, tourism, culture and transport sectors; and discussed the possible creation of a pipeline to carry natural gas from Russia to Europe via Turkey and Greece.

Feb 05 12:22

Greece: The Big Picture Update, And Why Deutsche Bank Thinks Europe Will Fold

The Greek situation summaries Greece by Deutsche Bank's George Saravelos have consistently been among the best in the entire sellside. His latest Greek update, which is a must read for anyone who hasn't been following the fluid developments out of southeast Europe, which fluctuate not on an hourly but on a minute basis, does not disappoint.

Feb 05 12:21

Thousands Of Anti-ECB Protesters Gather In Athens In "First Greek Pro-Government Rally" - Live Feed

In what is being described as "the first Greek pro-government rally", thousands of people have gathered outside Greek Parliament in the infamous Syntagma Square to protest against a decision by the European Central Bank to restrict the eligibility of Greek bonds used as collateral from Feb. 11, rather than at the end of February. “ECB Chief Draghi chose to play Merkel’s game again and to blackmail the Greek people and the new Greek government,” is one of the charges being aired on the pro-SYRIZA quarters of cyberspace.

Feb 05 12:20

Whispers Of Greek Capital Controls Begin

That didn't take long: just hours after Greece entered the ECB countdown mode, with now just 23 days until midnight on February 28, when the ECB is set to yank the final pillar of liquidity support, the ELA - as it has warned before - it is time to start contemplating Plan B, or rather plan Z. A plan, which as described by Nordea's analyst Jan von Gerich, would be quite unpleasant for that nearly extinct class of Greeks, bank depositors, because the "plan", or rather blueprint, is a well-known one: capital controls.

Feb 05 12:06

Kerry: US Won't 'Close Eyes' to Russian Aggression in Ukraine

U.S. Secretary of State John Kerry said the United States, while seeking a diplomatic solution to the conflict in eastern Ukraine, would not "close our eyes" to Russian tanks and fighters crossing the border.

Kerry said he and Ukraine President Petro Poroshenko discussed issues including Russia's continued aggression during a meeting Thursday.

Feb 05 12:05

Ukraine crisis: Angela Merkel and Francois Hollande to fly to Russia

The leaders of Germany and France fly to Kiev and Moscow with new Ukraine peace plan as Nato bolsters eastern Europe against Russia and EU agrees new sanctions. Follow the latest developments

Webmaster's Commentary: 

Merkel cancels her visit to Obama and rejects arming Ukraine flat-out. Now she and Hollande are on their way to talk with Putin about a Ukraine peace plan. Sounds to me like Europe is getting cold feet about a new World War fought in their front yards!

Feb 05 11:57

Top NATO general warns of Russian reaction to arming Ukraine

The top NATO commander warned Thursday that any move to provide Ukraine with lethal defensive weapons must take into account any possible angry reaction from Russia.

Webmaster's Commentary: 

"But that's what we WANT to happen!!" -- Official White Horse Souse

Feb 05 11:55

NATO Meeting in Brussels Heightens Danger of War with Russia

NATO defense ministers are meeting in Brussels today to consolidate the military alliance against Russia, increasing the risk of a direct military confrontation between nuclear-armed powers.

Feb 05 10:41

U.S. Pushes For War In Europe

It is pretty obvious that significant forces in Washington push for a big war in Europe, cold at least but hot if possible. European countries, aside from some small U.S. puppets, are well aware that they would be hit hard in such a war, and do not want it.

The U.S. wants to deliver additional weapons to Ukraine and to thereby goad Russia into such a wider war. The arguments made that such weapon delivers would somehow restrict Russia are just stupid and only hide the real plans: Escalation until Europe is (again) up in flames.

Should the U.S. win in its drive to escalate the situation by delivering more weapons to Kiev Russia will not cave in. History suggest that a Ukraine under NATO at its border is a deadly danger. Russia must and will take countermeasures. The U.S. will then cite those countermeasures as signs of "further aggression" and as justification for another round of escalation. A few more rounds of such and Europe will be up in flames.

Webmaster's Commentary: 

As an American who does love her country very much, but is seriously concerned about the directions its (alleged) leadership is taking it, I almost feel like writing Putin a letter of apology, stating, very explicitly, that it appears that the US Federal Government has, collectively, lost its mind.

Additionally, it is lying about the situations which drove Crimea to ask to become part of the Russian Federation; Russia did not "annex" Crimea. Crimea had been a part of Russia until the mid 1950's when Khrushchev, a native of Ukraine, annexed it to Ukraine. When Urkaine's former president, Victor Yanukovych was dumped in a US/ECB/ western-centric putsch, the people of Crimea realized that there was no legitimate leadership in Kiev.

And that is when they had the referendum, in what was characterized by observers as a free and fair election, to ask to join the Russian Federation.

Russia has done absolutely nothing wrong here, folks.

I keep going back to the statement the Moriarty character makes in the 2nd Sherlock Homes movie, featuring Morton Downey Jr. I am paraphrasing here, but it is something to the effect of knowing that war is coming, and the Moriarty character wants to have the lock on bullets and bandaids.

That is no less true today, from the companies which will make insanely extensive profits from their participation in the coming wars, be they in the Middle East, or in Ukraine.

Feb 05 08:56

Paul Craig Roberts – The New Greek Government May Be Assassinated

Today Dr. Paul Craig Roberts stunned King World News when he said that the new Greek government may be assassinated because the stakes are so high. The former U.S. Treasury official takes KWN readers on a terrifying trip down the rabbit hole of government lies and assassinations, where the stakes are high and governments play for keeps.

Feb 05 08:32

President Of Euro Parliament Warns Greece Risks National Bankruptcy; Varoufakis Replies: "Greece Already Is Bankrupt"

As Reuters reports, the new Greek government must uphold its commitments to European partners and risks national bankruptcy if it does not, European parliament President Martin Schulz said in a newspaper interview...

"If Greece unilaterally changes the agreements, the other side is no longer obliged to stick to them," he said in an advance extract of an interview due to be published in business daily Handelsblatt on Thursday.

"Then no more money will go to Greece and the state won't be able to finance itself," Schulz was quoted as saying.

Webmaster's Commentary: 

This will put more pressure on Greece to leave the EU and merge with Russia.

Feb 05 08:31

ECB Revokes Greek Bonds as Collateral; ECB vs. Novices; Brass Knuckles

In a nutshell, the ECB unexpectedly and suddenly canceled acceptance of Greek bonds as collateral for liquidity funding unless Greece honors the existing deal.

Webmaster's Commentary: 

This will backfire. Greece will likely leave the EU and merge with Russia.

Feb 05 08:01

How a war criminal can veto aid to Gaza

Has an Israeli war criminal been given a veto on what aid may enter Gaza?

Earlier this week, I wrote about how Yoav Mordechai, a major-general who took part in the 2009 attack against Gaza, had been invited to the European Parliament. Following complaints by Palestine solidarity activists and some of the parliament’s own members, Mordechai’s scheduled appearance was cancelled at the last minute yesterday.

He did, however, meet representatives of the European Union’s 28 governments.

It is both grotesque and logical for these diplomats to host Mordechai.

Feb 05 08:01

Dozens of European parliamentarians call for end to EU-Israel treaty

A group of sixty-three members of the European Parliament (MEPs) from across the five biggest political blocs in the parliament have called on European Union foreign policy chief Federica Mogherini to suspend the EU-Israel “association agreement.”

The association agreement facilitates largely unrestricted trade between the EU and Israel, allowing Israel to participate in a wide range of the EU’s programs. It also permits Israeli arms companies to receive EU funding.

The MEPs argue that allowing the agreement to stay in place despite Israel’s recent massacre of Palestinians in Gaza “sends Israel the message that its violations of basic principles of human rights will be tolerated.”

Feb 05 07:47

Former US Diplomat: US Is Arming Kiev to Force "EU Wimps" into Confrontation with Russia

US arming Ukraine is very likely. When you see a policy discussion report in The New York Times, experience shows the policy is already being conducted covertly and this is just a way to bringing into public view a program that's already been initiated (NATO shell rounds are already detected in Gorlovka, Ukraine).

Nobody in Washington imagines with the best of support Kiev forces will be able to win this militarily.

Arming of Ukraine is primarily directed against Europeans. Since there is more and more dissension in European ranks from the US' confrontational policy the only way to scare the EU wimps back into a more confrontational position is to turn up the heat and the chaos. (Chief of US Army in the Europe is already awarding medals to crippled Ukrainian soldiers).

Feb 05 07:42

The video European leaders don't want you to see

Just last week, a new leak on the world’s dirtiest trade deal emerged that confirmed our worst fears about TTIP. The deal gives big business unprecedented power over decision-making across Europe. And the losers will be us - European citizens.

Feb 04 13:49

‘Austerity is a mass experiment in human despair’

UK Chancellor George Osborne’s policy of austerity bred ruin and went to destroy the fabric of Greek society, John Wight, writer and political commentator, told RT. Mr. Osborne should respect the democratic wishes of the Greek people, he added.

Webmaster's Commentary: 

"Screw Democracy; we're talking MONEY!!!" -- The ECB/IMF/FED/WB/BIS

Feb 04 11:59

German Chancellor Rules Out Weapons Aid to Ukraine

Chancellor Angela Merkel on Monday ruled out any German supply of weapons to Ukraine, but emphasized that Europe must stay united against Russian aggression.

Webmaster's Commentary: 

So, while trying not to offend the US war party, Merkel is saying Germany doesn't want yet another World War fought on their front lawns. Twice is enough, thankyouverymuch. Go find somewhere else to play! This means that arming Ukraine will be seen as a unilateral move on the part of the US, forever affixing blame for starting WW3.

Feb 04 10:28

Syriza Needs Alliance Against German "Beggar Thy Neighbor" Policies

Economist Heiner Flassbeck tells Paul Jay that Germany has violated EU agreements and Syriza should focus on creating an alliance with Italy, Spain and France to oppose policies that are driving Europe into a deeper recession

Feb 04 09:58

NATO confirms plans to open training center in Georgia

The alliance also plans to hold military drills in Georgia starting this year, its spokesman told a news briefing ahead of NATO defense ministers meeting in Brussels on February 5.

The issue would be discussed at a session of the NATO-Georgia Commission, due to be held in the Belgian capital during the defense ministers’ meeting, the spokesman said.

He added that the alliance also planned to hold military drills in Georgia starting this year.

"NATO will hold exercises in Georgia this year," he said. "We will hold periodic military exercises in Georgia as part of our cooperation with that country next year."

Webmaster's Commentary: 

JUST what the world needs right now; another NATO base cozily close to Russia's border!

IF NATO is not playing picador with Russia right now, I don't know who is.

Feb 04 09:04

History In the Balance: Why Greece Must Repudiate Its “Banker Bailout” Debts And Exit The Euro

Now and again history reaches an inflection point. Statesman and mere politicians, as the case may be, find themselves confronted with fraught circumstances and stark choices. February 2015 is one such moment.

For its part, Greece stands at a fork in the road. Syriza can move aggressively to recover Greece’s democratic sovereignty or it can desperately cling to the faltering currency and financial machinery of the Euro zone. But it can’t do both.

Feb 04 08:36

Germany's worst nightmare has come true

It’s Germany’s worst nightmare. Increasingly isolated, ganged up on, and even hated by much of southern Europe, it is fast losing the argument over the future of the euro.

Even the Governor of the Bank of England, Mark Carney, has been at it. This week he joined in the German bashing with a full-frontal attack on Berlin’s austerity agenda. And it’s causing confusion, dismay and resentment in equal measure in this most stable, disciplined and civilised of nations.

Feb 04 06:55

Greece – Back From the Brink?

We recently pointed out in an article – "Grexit: The Footsteps Grow Louder ... Could the EU Blow Apart?" – that Germans might be very unhappy with a rescheduling of Greek debt. But that looks like what is happening.

The proximate mechanism is a proposal by Prime Minister Alexis Tsipras and Finance Minister Yanis Varoufakis to "repay all the €315 billion old debt, but [as] growth-linked bonds that would pay their way only as the economy recovered."

Feb 03 16:44

Are These Guys Clinically Insane? No, They're From Wall Street

What can have made Barack Obama declare he's thinking of pulling Ukraine de facto into NATO and arming Kiev for war against Russia? And suicidally putting U.S. arms and military personnel into six other countries on Russia's border, under NATO Article 5 as he said, which requires the United States to defend those countries as if itself.

Does Obama think he's going to provoke a war and win it, against Russia, with a NATO "forward brigade"?

Feb 03 12:50

S&P Downgrades Numerous European Banks, Warns Deutsche Bank May Be Next

Just hours after apparently settling its suit with the USA (not at all retaliation for downgrading them), S&P has taken the big red marker out on a slew of European banks:

Downgrades: Credit Suisse, Barclays, Lloyds, Bank of Scotland, RBS, HSBC, and Ulster Bank
On Watch Negative: Raiffeisen Zentralbank, MBank, Unicredit, Commerzbank, and Deutsche Bank

Feb 03 08:24

New Greek finance minister accused of anti-Semitism

The new finance minister of Greece has been accused of harboring anti-Semitic views and expressing empathy for Palestinian suicide bombers.

Webmaster's Commentary: 

Hub-O-terror, anti-semitism... I wonder how long before they claim Greece was behind 9-11!!!!!

Feb 03 07:20

Key US role in Ukraine crisis portrays Europe as ‘passive participant’

President Obama’s declaration that the US “brokered a deal to transition power in Ukraine” shows Europe as a passive actor and doesn’t reflect well on its image, Chairman of Russia’s upper house Committee for Foreign Affairs Konstantin Kosachev told RT.

Feb 03 07:20

Debt of Six Eurozone Countries Exceeds 100% of GDP, Two More Coming in 2015 (France and Spain)

In 2014 there were six eurozone countries whose debt-to-GDP ratio went over the 100% threshold. Two additional countries will pass that barrier in 2015.

The Maastricht Treaty on which the euro was founded was designed to keep "sound fiscal policies", with debt limited to 60% of GDP (not 100%), and annual deficits no greater than 3% of GDP."

Every country in the eurozone, including Germany, has been in violation of those rules.

Feb 02 16:33

Anti-austerity anger sweeps from Greece to Spain as hundreds of thousands march through Madrid in support of fledgling radical leftist party

Hundreds of thousands of people marched through Madrid today in a show of strength by a fledgling radical leftist party, as it becomes the latest European political organisation to gain widespread support for its anti-austerity stance.

Podemos (‘We Can’) supporters from across Spain converged around the Cibeles fountain today before packing the avenue leading to Puerta del Sol square in what was the party’s largest rally to date, as it hopes to emulate the success of Greece’s Syriza party in the Spanish general election later this year.

Feb 02 14:31

Italian police arrest 28 in drug ring linked to Berlusconi's former aide

A total of 28 people have been arrested in Italy as part of a drug investigation involving a woman who shortly served as an aide to former prime minister Silvio Berlusconi, local reports said on Thursday.

Police detained various drug smugglers across central and southern Italy, including a policeman on duty at Rome's Fiumicino International Airport and some cleaning staff at the same airport.

Assets worth around 4 million euros (4.5 million U.S. dollars) were also seized in relation to the operation.

Feb 02 14:05

David Blanchflower: Young people are suffering from austerity in the UK as well as in Greece

Enough is enough. At some point the Greek people were bound to say they were done with austerity, and last week they stood up and said we need some hope. It was time to get out of their Great Depression. What else could they do? Austerity, according to the European Commission/European Central Bank/International Monetary Fund “Troika”, was supposed to lead to the sunlit uplands. Always a pipe dream.

Overly tight fiscal and monetary policy was inevitably going to crush the Greek economy, and so it did. Austerity resulted in a drop in GDP since the start of the crisis of 28.8 per cent. Greece has a health crisis, with HIV rates up 700 per cent. Malaria has returned for the first time in 40 years, and there is widespread malnutrition. The Greek healthcare system is collapsing as a result of spending cuts, and children are not being vaccinated. Reductions in pay have resulted in thousands of doctors leaving for the UK, Germany and Scandinavia.

Feb 02 14:01

What the ECB is doing to Greek banks is outrageous

The European Central Bank (ECB) is threatening to withdraw emergency funding from Greek banks if the Greek government doesn't do what it wants.

The central bank's actions toward Greece occur less than two months after secret letters revealed that the ECB threatened to pull emergency funding from Irish banks if the state did not apply for a bailout, in what many saw as an overreach into the sovereign affairs of the country. The ECB later pretended that Ireland had applied for its bailout voluntarily. The letters revealed that in fact the ECB had required the Irish government to apply.

Feb 02 13:27

Obama Asks US for $168Mln to Counter Russia in Ukraine, Moldova, Georgia

Barack Obama requested nearly $170 million to respond to alleged Russian interference in Ukraine, Georgia and Moldova in his 2016 budget proposal submitted on Monday, budget proposal also includes $789 million to continue and expand US military presence in Europe.

Feb 02 09:33

Ukraine "Truce"? Tanks Are Rolling In Poland As NATO Plans Permanent Eastern European Bases

With Ukraine, Germany, and France all expressing their concern this morning about "conflict escalation" between pro-Russian separatists and the Ukraine military, the so-called "truce" appears to be hanging by a thread of semanticism (despite OSCE's please for respect of the cease-fire and the demarcation line). Today's triple whammy of 'escalation' appears more focused on the non-Russian side as first, France begins sending tanks into Poland; second, Ukraine shifts its tanks to the front-line; and third - and potentially most inflammatory for Putin - NATO has confirmed plans to create permanent command centers in Eastern Europe. Putin has not responded yet but reports of 'nuclear bombers' flying above the English Channel "with transponders turned off," suggests the sabre rattling continues.

Feb 02 09:32

Europe Fractures: France "Prepared To Support Greece" In Debt Renegotiations

Despite Angela Merkel's insistence on numerous occasions this past week that there will be "no debt renegotiations," it appears a schism at the core of Europe is opening. As France24 reports, following a meeting between France's finance minister Michel Sapin and Greece's finance minister Yanis Varoufakis, the press conference had a considerably more amicable tone that Friday's Dijsselbloem dissing. "France is more than prepared to support Greece," Sapin said adding that Greece’s efforts to renegotiate were "legitimate."

Feb 02 09:31

'Chance for a new start': Croatia writes off debts of 60,000 poorest citizens

Croatian government have gotten creditors on board a plan to erase the debts of some 60,000 poorest citizens. The “fresh start” scheme targets less than 1 percent of the entire debt, but is hoped to boost the economy in the long-term.

The unorthodox measure was voted for by the government on January 15 and comes into force on Monday. To be eligible to participate debtors must have no savings or property, have a debt no greater than about $5,100 and live on welfare or an income of no higher than $138 per month.

Webmaster's Commentary: 

This is a token gesture. In all probability the debts could never have been repaid, and this is a segment of society unlikely to start new businesses to move the economy.

The plan would actually have merit were the debts of the middile class erased.

Feb 01 09:44

Syriza Won by Being the Opposite of Occupy Anarchists

Webmaster's Commentary: 

INN World Report audio interview

Feb 01 09:02

FLASHBACK - Hungary Kills The Rothschild Banks: Ordered To Vacate Country.

The Banking Cabal Invented State Zionism (State Of Israel) Usurping Judaism's (Jew) Non-State Identity.

Just As They Invented Communism, Marxism, Fascism, Nationalism, Socialism, Usurping Other Nation State Identities For Economic Upheaval So As To Institute Centralization Of Money To Their Banks. End Of NWO Story!

Jan 31 15:56

Greece says it will not negotiate with EU-IMF creditors

New finance minister says Athens instead wants direct talks with eurozone leaders to try to cancel some of its debts.

Jan 31 15:54

Podemos Anti-Austerity Party on the Rise, Thousands Protest in Madrid

Following the victory of radical left-wing Syriza party in Greece, thousands of people gathered in Madrid in an anti-governmental rally organized by the Spanish anti-austerity left-wing party Podemos.

Jan 31 10:01

Greece Is Now a Russia Sanctions Veto. Merkel Is Foaming at the Mouth

Two days ago, Zero Hedge first, and shortly thereafter everyone else, pointed out something stunning: the biggest surprise to emerge so far out of the new anti-Troika/austerity Greek government was not so much its intention to proceed with the first test of "Odious Debt" - this was largely known in advance - but its dramatic pivot away from Germany and Europe, and toward Russia.

As we noted before, not only has Greece already blocked all ongoing privatization processes, a clear snub of Merkel and the Troika which demands the piecemeal blue light special sale of Greece to western buyers as part of the "bailout", but is also looking at plans to reinstate public sector employees and announce increased pensions for those on low incomes: further clear breaches of the Troika's austerity terms.

Jan 31 09:50

EU wins Greek backing to extend Russia sanctions, delays decision on new steps

European Union foreign ministers extended existing sanctions against Russia on Thursday, holding off on tighter economic measures for now but winning the support of the new left-leaning government of Greece, whose position had been in doubt.

Webmaster's Commentary: 

So, Greece compromised by going along with the current sanctions, but succeeded in blocking any new sanctions. This may have all happened while Greece was still hoping for concessions from the ECB, which did not happen. And with Russia now offering Greece a bailout on much better terms than the EU, it looks like the stage is set for Greece to leave the EU.

Jan 30 12:42

President of the Czech Republic against sanctions and visas with Russia

The President of the Czech Republic miloš Zeman opposes sanctions and any other isolation of Russia. He told this in an interview to ITAR-TASS.

“I don’t see any reason why you need to isolate the Russian Federation from the European Union, why talk about sanctions, blockade, embargo.. Isolation yet in neither case did not lead us to success, but led only to the fact that there was no understanding, no mutual trust. And it’s bad,” he said.

In addition, the head of the Czech Republic voted for the abolition of visas for Russian citizens, calling them “excessive, unnecessary obstacles”.

Jan 30 12:04

U.S. Army Trains For New War In Europe

More than 2,000 participants from Canada, Hungary, the Netherlands, the United Kingdom and the United States are participating in the exercise through Jan. 31.

Allied Spirit I is designed to provide multinational interoperability training at brigade and battalion levels to enhance U.S. and alliance effectiveness.

Perkins had the opportunity to elaborate on this idea and discuss the Army’s new operating concept in a question and answer session with the staff and observer coach trainers of the Joint Multinational Readiness Center, which is headquartered at Hohenfels.

Webmaster's Commentary: 

After two World Wars, you would think Europe would prefer the third one take place somewhere else!

Jan 30 11:52

As "Islamic state" funneling militants in Europe?

People under thirty years with a short beard states that "Islamic state" sends his soldiers to Europe as refugees, and said that already forwarded two groups. According to him, the militants are floating in small groups on cargo ships, crowded with thousands of refugees. The main goal of the jihadists - the organization of terrorist attacks in Western countries, which should be a response to the US-led coalition air strikes on militant positions. "If someone attacks me, - he says - I will give him back."

Even before the air campaign by Western governments feared that "Islamic state" will be able to find a way to smuggle experienced fighters in European countries. Smuggler, to communicate with BuzzFeed - the first members of the group, who agreed to discuss this topic with journalists. He talks about the details of the scheme, made possible by the worst humanitarian crisis of our day, forcing 3.8 million Syrians to flee the country, with 1.5 million of them - in Turkey.

Jan 30 10:57

Webster Tarpley: An examination of how Syriza won in Greece

In this interview, Dr. Webster Griffin Tarpley explains the demands and policy routes Syriza chose. He examines the need for mass-traction economic demands, principled alliances and a rejection of wedge issues; immigration etc.

Their victory has shocked the ruling class in the UK, and led to an incredibly disingenuous and dangerous propaganda campaign trying to frame Greece as a hub for terrorists.

Jan 30 10:49

The Country That Refuses to Bow Down to Western Bankers

The powers that be are getting nervous as other countries consider following Greece's lead.

Jan 30 09:52

International alliance of democratic forces opposing the Euro

The groups already involved at that time coming from France, Spain and Austria were again present. Only the Greek participants could not come for obvious reasons but pledged to continue their participation. (See the Assisi call with the detailed names of the groups involved. ) The Finnish Independence Party joined in.

Jan 30 09:08

Tsipras dons the feared keffiyeh at Gaza protest

No doubt another reason why Israelis fear Syriza so much. Tsipras has the nerve to wear the fearsome Palestinian scarf that strikes terror in the hearts of every Israeli. Can you imagine the uproar in Israel had he actually done something to help Palestinians?

Jan 30 08:22

Council Clamps Down: PACE votes to extend Russian Diplomatic Sanctions

Russia has been stripped of its voting rights in the Parliamentary Assembly of the Council of Europe (PACE) until at least April, following a vote on the country’s credentials in Strasbourg, effectively continuing the diplomatic sanctions that were already in place.

Jan 30 08:09

Bank of England chief 'delusional' to claim UK escaped debt trap - economist

Mark Carney’s claim that Britain has escaped a “debt trap” common to Eurozone states has been dismissed by UK economist Michael Burke as “delusional.” Burke says Britain's debt has merely been transferred from private firms to UK homeowners.

Webmaster's Commentary: 

When all the currency is loaned into circulation at interest, there is no escape possible from the debt trap. Britain should remember that the United States fought a revolution against Britain to break free of the Bank of England's predatory practices.

"The refusal of King George 3rd to allow the colonies to operate an honest money system, which freed the ordinary man from the clutches of the money manipulators, was probably the prime cause of the revolution." -- Benjamin Franklin

Jan 30 08:06

EU to Greece: ‘No question of cancelling debt’

"There is no question of cancelling the Greek debt. Other eurozone countries will not accept this," said Juncker Wednesday as quoted by Le Figaro. He added that Brussels is open to dialogue and didn’t want to threaten Greece.

The Greek government was forced to implement austerity measures in exchange for a €317 billion bailout from the troika of creditors of the ECB, IMF and the EU.

Webmaster's Commentary: 

Half of Greece's debt was created through fraud between former Greek President Papandreou and Goldman Sachs. The goal of the fraud was to conceal Greece's debt through currency swaps, but the plan actually doubled Greece's debt (and made a fortune for Goldman Sachs). The Troika would have been well advised to consider that portion of the debt odious and drop it. But their greed in demanding the Greek people pay for Papandreou's fraud has brought them to this place where their fear of debt-reduction demands from other EU members will not allow them to reduce Greece's debt, which in turn will drive Greece from the EU and default on their debt, triggering a collapse of the credit default swaps sold against Greece's debt.

Jan 29 09:32

Yanis Varoufakis – Who Called Austerity "Fiscal Waterboarding" – Appointed Greek Finance Minister

Greece's new economic chapter begins as unrepetent bailout critic takes helm ahead of promised bailout re-negotiations

Jan 29 08:19

Italian police arrest 160 alleged mafia members

Jan 29 08:17

Greece’s new prime minister wants Germany to pay for Nazi war crimes

Syriza has vowed to renegotiate the crippling debts saddled on the Greek economy by European lenders — a move that some fear could threaten the unity of the eurozone. Tsipras and his allies, meanwhile, see their ascension as a historic opportunity, as WorldViews discussed here.

But it's not just the future that's on Syriza's agenda. In what was virtually his first act as prime minister Monday, Tsipras journeyed to the memorial site at the Kaisariani rifle range, where in 1944 Nazi soldiers executed some 200 Greek activists in retaliation for the death of a German officer killed in a Greek ambush.

Webmaster's Commentary: 

The part the Washington Post isn't talking about is that Germany forced Greece to loan it billions which were never repaid. If, as the IMF claims, debt is sacrosanct, then with accumulated interest, Germany may owe Greece more than Greece owes the IMF!

Jan 28 10:24

Syriza comes out swinging over EU anti-Russia statement

The new Greek government has spoken out against the EU partners over the statement that lays the blame for Saturday’s fatal attack on the Ukrainian city of Mariupol on Russia. Hungary, Slovakia, and Austria voiced similar objections earlier.

The government, headed by Prime Minister Alexis Tripras, said in a press release on Tuesday that “the aforementioned statement was released without the prescribed procedure to obtain consent by the member states, and particularly without ensuring the consent of Greece.”

“In this context, it is underlined that Greece does not consent to this statement,” Tsipras added.

He voiced his “discontent” in a phone call to EU foreign relations chief Federica Mogherini.

Jan 28 09:55

NATO must close ranks around Ukraine - Nuland

You must install the six border command centers around Ukraine as soon as possible, "she said, adding that NATO should become' spearhead that will allow us to move quickly to areas of conflict '.

'NATO is a defense organization. Our goal is to discourage countries from any aggression, but if this goal fails, we must be ready, "said Nuland.

She pointed out that sanctions already imposed by the US and the EU did not seek to punish Moscow Russian people, but to persuade President Vladimir Putin to change policy.

Webmaster's Commentary: 

A short memo to Victoria Nuland: forgive me, but did I blink and miss the fact that Ukraine had actually become a NATO member?!?I do not believe that has yet actually happened; please forgive me if I am wrong (which I am most assuredly NOT).

And as reported at yahoonews.com two days ago:

NATO has made clear it has no plans to intervene militarily in Ukraine, which is not a NATO member, but it has stepped up cooperation with Kiev, including help with modernizing its armed forces. Diplomats said Ukraine was mainly looking for political support from NATO at the meeting rather than any concrete aid.

I am so terribly sorry, Ms. Nuland, that you did not get the memo.

But if I, as an ordinary American citizen, know this, why, please, is it that you do not?!?

Jan 28 09:11

Greece’s new dream team vows to defy foreign creditors

In a taste of what lies ahead, Yanis Varoufakis, the flamboyant new finance minister, said on his way to the government’s swearing-in ceremony that negotiations would not continue with the hated troika of officials representing foreign lenders.

“They have already begun but not with the troika,” said Varoufakis, an economist who has disseminated his anti-orthodox views through blogs and tweets almost daily since the debt crisis exploded in Athens in late 2009 – something he promised on Tuesday to continue to do. “The time to put up or shut up has, I have been told, arrived,” he wrote on his blog. “My plan is to defy such advice.”

Jan 27 13:18

This Is The Beginning Of The End For The Euro

The long-anticipated collapse of the euro is here. When European Central Bank president Mario Draghi unveiled an open-ended quantitative easing program worth at least 60 billion euros a month on Thursday, stocks soared but the euro plummeted like a rock. It hit an 11 year low of $1.13, and many analysts believe that it is going much, much lower than this. The speed at which the euro has been falling in recent months has been absolutely stunning. Less than a year ago it was hovering near $1.40. But since that time the crippling economic problems in southern Europe have gone from bad to worse, and no amount of money printing is going to avert the financial nightmare that is slowly unfolding right before our eyes.

Jan 27 12:29

Spain negotiates permanent US Marines Africa force

Spain’s foreign and defence ministers will negotiate the amendment, as requested by the United States last month, “with a view to hosting the deployment for an indefinite time”, she told a news conference.

Jan 27 12:27

EU to consider new sanctions against Russia on January 29

January 29, the EU Council to consider new restrictive measures against Russia. This is stated in the statement of the Heads of State and Government of the European Union on Tuesday in Brussels, according to TASS.

"Due to the deteriorating situation we ask the EU Council of Ministers of Foreign Affairs to assess the situation in Ukraine and consider any appropriate measures, in particular, further restrictive measures against Russia, aimed at the rapid and full implementation of the Minsk Agreement," - the document says.

Jan 27 11:25

Turkey deploys Spain's Patriot missiles in Adana - WHY?!?

"Patriot battery is here to ensure the security of Adana," Luis Burgos Sanchez, a Spanish commander, told reporters.

Sanchez said five missile launchers were now active. "We have a very effective system against any ballistic missile," he said.

Spain's provision of Patriot air defense missiles to Turkey will ensure its security and stability as a NATO ally, Spanish defense minister said on Jan. 16.

Jan 27 11:24

EU leaders warn of more sanctions against Russia

EU leaders call on the Ministers of Foreign Affairs to consider new sanctions against Russia.

European Union leaders asked their foreign ministers on Tuesday to consider possible new sanctions on Russia in response to a rebel offensive in eastern Ukraine, but a final decision to impose them is likely to be left to a summit next month.

Jan 27 11:15

Anti-Syriza Propaganda Begins: Greece Framed as ‘Emerging Hub for Terrorists’

Greece’s new anti-austerity and anti-Western Oligarchy ruling party, Syriza, is coming under attack from an all too familiar angle. Keep in mind that this accusation came on the very first day Syriza took office.

According to CNN, “there may be some 200 people in the country with links to jihadist groups such as the Islamic State in Iraq and Syria (ISIS) or the al Nusra Front“. Supposing this is true, should we not instead look to those who funded and created those groups; namely Western nations?

Webmaster's Commentary: 

"oooooh, we HAVE to invade them and put in a new government!" -- Official White Horse Souse

(You tried that a year ago with Ukraine and look how that turned out!)

Jan 27 11:11

The Greeks Have A Simple Message To Europe

Sunday's Greek vote for anti-austerity left-wing Syriza shows the people's eagerness to stop the current bailout scheme and renegotiate a deal that's more favorable for the Greek economy. In the next several days and weeks, we'll learn a lot more about the implication of the vote, and what new leader Alexis Tsipras is capable of accomplishing; but as Bloomberg Businessweek reports, perhaps this banner displayed produly at last night's victory rally says it all...

Webmaster's Commentary: 

The ECB is taking a hard line position with Greece's debt, as any concessions made to Greece will trigger demands for debt reduction from the other EU members. The EU's position is "pay or leave", and with Russia already putting out the welcome mat, Greece might leave the EU, which in turn will trigger other member nations to consider departing the union, which has worked very well for the owners of the ECB and very badly for the people.

Jan 27 09:32

Greek Election Could Cause World Economic Crisis - Michael Rivero - Jan. 26, 2015

Jan 26 13:12

Saxo Bank: The Syriza Victory Is A Disaster For Europe

The result was worse than expected whatever the final outcome - the anti-austerity vote is massive, but it could be an empty gesture as Greece in reality has little choice: Comply with the Troika or leave the EUR. I doubt the later will happen with the same vote as the Greeks are tired of austerity but not off being European.

Webmaster's Commentary: 

That sounds like wishful thinking to me.

Jan 26 11:39

Greek F16 fighter jet crashes at Albacete airbase in central Spain

Among the victims are two pilots, one of them a Greek national. At least 13 have been wounded, including French and Italian nationals.

Eight of those injured are in serious condition. Three are in resuscitation, two are in intensive care, and one more is being operated on. Three others have inhaled fumes, sources at Albacete hospital told Cadena SER radio network.

According to abc.es, a Greek pilot executed a wrong maneuver during takeoff resulting in the jet ditching, an explosion and a massive fire. Two French planes overhead during the incident had to land at San Javier base in Murcia, 140 kilometers away.

Jan 26 11:23

What’s good for Greece is bad for Israel

While most of the world (at least the 99 percenters) are congratulating Greeks at the dawn of their new age of dignity, the Jerusalem Post warns that victory for Syriza is bad news for Israel. Upon reading the article, I could see why they’re concerned:

Jan 26 10:06

Greece elections: Merkel has lost, hope has won

In the aftermath of Greece’s seismic election, I assumed the eurocrat elite would follow the diktat, “if you have nothing nice to say, say nothing at all.” So, I cranked up the Twitter machine and within 5 seconds, I encountered this ‘gem’ from our old friend Carl Bildt. Bildt was the the Swedish Foreign Minster – and one of America’s favourite European poodles – until his own electorate voted him out last year.

Bildt’s Tweet is important because it reveals a mindset among the elite. They extol the benefits of democracy for others, while pouring scorn on the results, if they fail to suit their own agendas. An example was when they forced Ireland to vote again (twice) after initial rejections of EU treaties. Or when they speak of bringing free elections to the Middle East while refusing to deal with Palestine’s elected government, or even recognise the state’s existence.

Jan 26 10:04

Historic Victory for SYRIZA Greece

The leader of the left-wing SYRIZA Party, Alexis Tsipras, claimed a jubilant victory in Athens, Greece, on Sunday. SYRIZA took 36.5 percent of the electorate compared with the 27.7 percent for Antonis Samaras of the New Democracy Party. This is according to official election data. The far-right Golden Dawn placed third at at 6.3 percent, followed by To Potami garnering 5.9 percent of the vote party. To Potami Party is considered a potential ally of SYRIZA.

Whether it is a clear majority is yet unclear at the time of the interview. But one thing is clear: the Greek people have won a battle of reversing austerity economic policies championed by the New Democracy conservative party.

Jan 26 10:03

Triangle of Sin: Greece’s new Fin Min aims to destroy Greek Oligarchy

Listening to this man speak is like taking a breathe of fresh air after years of suffocating in a cesspool of lies.

It’s clear that he knows exactly what needs to be done as he points to the troika of rent seeking developers, bankrupt bankers, and media moguls who together are strangling his nation.

The question is, will he succeed, which turns in part on whether he survives. I for one hope he does. He is not only a genius, but a man with morals, extremely rare among finance ministers.

Jan 26 09:53

Greek leftist party Syriza sweeps to power

Greek voters handed power to a radical leftist party in national elections on Sunday, a popular rebellion against the bitter economic medicine Greece has swallowed for five years and a rebuke of the fellow European countries that prescribed it.

With nearly all votes counted, opposition party Syriza was on track to win about half the seats in Parliament. In the wee hours of the morning, it clinched a coalition deal with a small right-wing party also opposed to Europe’s economic policy to give the two a clear majority.

Webmaster's Commentary: 

Ooooooh, Radical, Radical, RADICAL! How dare they oppose the private central bankers!!!!!! :)

Jan 26 09:39

‘Monstrous democratic slap to EU’: Le Pen hails Greek anti-austerity party victory

The victory of Greece’s anti-austerity Syriza party is a monstrous democratic slap to the European Union, believes Marine Le Pen, leader of France’s far-right National Front party, adding that for her this success means "the trial of the euro-austerity.”

Jan 26 09:38

‘5yrs of humiliation, suffering over’: Anti-austerity party to form govt in Greece

Greece leaves behind five years of humiliation and suffering, fear and authoritarianism, said the leader of the winning Syriza party, Alexis Tsipras. He’s moving on Monday to build a stable government and plans to get rid of Athens’ three main creditors.

Tsipras was addressing thousands of cheering supporters at a rally in Athens. Syriza won 149 seats in the 300-seat parliament election.

Tsipras was sworn in as next Greek PM later on Monday. By Wednesday he will have a government in place, a Syriza official told Reuters.

Webmaster's Commentary: 

Needless to say, this is not getting a huge amount of coverage here in the US! The idea that a people can vote themselves free of the private central bankers is not an idea that Wall Street wants the American serf class to think about!

Jan 26 08:54

Radical Leftists Win Election In Greece – Future Of Eurozone In Serious Jeopardy

Radical leftists have been catapulted to power in Greece, and that means that the European financial crisis has just entered a dangerous new phase. Syriza, which is actually an acronym for “Coalition of the Radical Left” in Greek, has 36 percent of the total vote with approximately 80 percent of the polling stations reporting. The current governing party, New Democracy, only has 28 percent of the vote. Syriza leader Alexis Tsipras is promising to roll back a whole host of austerity measures that were imposed on Greece by the EU, and his primary campaign slogan was “hope is on the way”. Hmmm – that sounds a bit familiar.

Webmaster's Commentary: 

This is the start of a flood of what will be attacks by corporate media on Greece for DARING to want to run their country for their own people. The new definition of "Radical" is anyone not willing to live their lives in servitude to the private central banks, and I predict that the private central banks of the world will engage in massive economic dirty tricks to crush this upstart government that values people above bankers' profits!

Jan 25 11:35

Greek election: Syriza says 'hope has won' – live updates

With 100% of data processed: MRB exit poll for Star TV, give Syriza 10-point win, seat projection 148-154

Jan 25 10:04

Greeks elect new parliament amid EU withdrawal concerns

Greeks are going to polling stations on Sunday to elect a new parliament. The populist radical-leftist party Syriza has won the hearts of many austerity-ridden people with its message of reverting wages cuts and renegotiating debt obligations.

Prime Minister Antonis Samaras was forced to call a snap vote in December after the parliament failed to elect a president. His center-right New Democracy party is now running behind Syriza, with opinion polls showing a gap of several percentage points.

Syriza leader Alexis Tsipras urged his voters to give his party an outright victory of 40 percent, which would allow him to form a government with no help from other parties.

Webmaster's Commentary: 

That is because the last time Greece held elections, Syriza won, but the pro-banker politicians refused to form a coalition government, forcing a second election that Syriza lost by a razor thin margin amid reports of wide-scale election fraud.

Jan 25 09:37

Ekloges 2015: Greece Votes In Historic For Europe Election

What is at stake for Greece today? Largely the same things as in 2012, which means an appropriate question is what is at stake for Europe. The answer: a lot, because suddenly the fate of the European monetary union is in the hands of some 9.8 million eligible to vote Greeks: something the unelected bureaucrats in Brussels had hoped to avoid in perpetuity. And with the leading candidate on war footing with Brussels (if only for the time being) the next few days in Europe will be quite interesting: "In Greece, democracy will return," the party's 40-year-old leader Alexis Tsipras told a throng of cameras as he voted in Athens. "The message is that our common future in Europe is not the future of austerity."

Jan 25 09:36

Euro crisis looms as Greek Left lead poll: Fears victory for anti-austerity party could trigger panic - and force country into bankruptcy

The euro stands on the brink of its biggest ever crisis today as Greeks vote in their general election – with the anti-austerity party Syriza maintaining a four-point lead in the polls.

With the euro at its lowest value against sterling in seven years, a Syriza victory could trigger panic in the EU and the eurozone – risking bankruptcy for Greece and its exit from the euro.

Jan 24 10:24

Greek Right Fears First Left Government in Greek History

Dimitri Lascaris reports from Greece that a near six point lead for SYRIZA is raising memories of the fascist coup and civil war

Jan 23 11:35

Now Begins The Greatest Heist Since Bernanke Bailed Out Wall Street In September 2008

Well, he finally launched “whatever it takes” and that marks an inflection point. Mario Draghi has just proved that the servile apparatchiks who run the world’s major central banks will stop at nothing to appease the truculent gamblers they have unleashed in the casino. And that means there will eventually be a monumental crash landing because the bubble beneficiaries are now commanding the bubble makers.

Jan 23 11:15

Greece Set To Reject Austerity And Financial Oligarchy

In two days time Greece is due to go to the polls and Syriza, a party looking to say no to ridiculous and unmanageable debts, is set to take power. This has the potential to cause a huge shift in economic policy throughout the world as it identifies austerity as a failed policy route. But not everyone in the Euro thinks it is a bad idea for the Greeks to do this, Hollande had no issue here but subsequently had his nation fall victim to a terrorist attack. This has the potential to cause huge changes in a world currently dominanted by Anglo-American financial hegemony.

Jan 23 11:13

SYRIZA Heads Towards a Majority in Greece as Elections Approach

The coalition of the radical left SYRIZA Party is poised to win the parliamentary elections on January 25 in Greece. If SYRIZA win, they could form the next government and confront the catastrophic austerity agenda that has plagued Greece and thrown it into a severe economic crisis. The possibility of SYRIZA-led government is sending chills down the spines of the European power centers in Berlin and in Paris and at the European Union headquarters in Brussels.

Jan 22 19:07

Currency expert: Euro going ‘well below parity’

The euro plunged to an 11-year low on Thursday, after the European Central Bank announced that it would begin a 60-euro monthly asset purchasing program. But it could still have a ways to fall.

Jan 22 13:31

SocGen Explains That Since The ECB's QE Will Fail, It Will Need To Be Increased To €3 Trillion, Include Stocks

There are a bunch of things in the ECB post-mortem note just released by SocGen's Michel Martinez, reproduced below, but here are the punchlines.

First, on the impact of ECB QE on the economy: "we argue ECB QE could be five times less efficient than in the US. In December, press reports suggested that the ECB had run studies suggesting that a €1000bn QE programme would only boost price levels by 0.2-0.8 after two years, five to nine times less efficient than the studies for the US or the UK. The impact on GDP is not provided, but it would be reasonable to assume the same impact as on inflation on a cumulated basis."

In other words, it will be an outright failure as it "triest" to boost inflation expectations and the European economy in its current format. That, as a reminder, is its stated purpose.

So what does SocGen suggest? Simple: the same thing every Keynesian says when justifying why a piece of occult economic voodoo fails to work: it wasn't big enough. To wit:

Jan 22 12:37

Ukraine requests fresh IMF bailout

Ukrainian President Petro Poroshenko has asked the IMF for a new and broader rescue package, IMF head Christine Lagarde said on Wednesday (Jan 21) as the war-torn country fights to save its reeling economy.

Lagarde met Poroshenko on the sidelines of the World Economic Forum in Davos and said Ukraine requested that the Washington-based IMF deepen its relationship with Kiev.

The meeting took place soon after Poroshenko told an audience of the world's financial elite in Davos that 9,000 Russian troops were backing Ukrainian separatist fighters.

Jan 22 12:35

European Commission's Clever Ruse To Introduce Corporate Sovereignty Regardless Of Ratification Votes In EU

Because of the complicated nature of power-sharing in the European Union, some international agreements require the approval of both the European Parliament and of every Member State -- so-called "mixed agreements." It is generally accepted that both the Canada-EU trade agreement (CETA) and TAFTA/TTIP are mixed agreements, and will therefore require a double ratification: by the full European Parliament, and all the EU governments. Indeed, the European Commission has frequently cited this fact to bolster its assertion that both CETA and TAFTA/TTIP are being negotiated democratically, since the European public -- through their representatives -- will have their say in these final votes.

Jan 22 12:34

European Commission's Clever Ruse To Introduce Corporate Sovereignty Regardless Of Ratification Votes In EU

Because of the complicated nature of power-sharing in the European Union, some international agreements require the approval of both the European Parliament and of every Member State -- so-called "mixed agreements." It is generally accepted that both the Canada-EU trade agreement (CETA) and TAFTA/TTIP are mixed agreements, and will therefore require a double ratification: by the full European Parliament, and all the EU governments. Indeed, the European Commission has frequently cited this fact to bolster its assertion that both CETA and TAFTA/TTIP are being negotiated democratically, since the European public -- through their representatives -- will have their say in these final votes.

Jan 22 12:31

Greek Bank Withdrawals Reached €4.2 Billion in 3 Days

Webmaster's Commentary: 

Yep; It's a bank run!

Jan 22 10:31

Greece - By The Numbers

Greece is reeling from the effects of the biggest economic crisis in its recent history. Here are 12 statistics, via The Wall Street Journal, underscoring the severity of the crisis now reaching into all aspects of Greek life...

Jan 22 10:01

SNB official defends 'best option' for franc

Switzerland would have had to spend more than $100 billion this month alone if it had continued efforts to hold down the value of its currency, a senior central bank official said on Thursday.

Jan 22 09:55

Greece Elections – Why The Entire World Is Watching!

This Sunday the citizens of Greece will be voting in a national election that will serve as a referendum on the EU-invoked austerity program that the country has been living through!

At stake is the decision that a newly elected government might make to pull Greece out of the Eurozone in what has widely become termed Grexit.

At stake also is the impact that a win by an anti-austerity and anti-EU party might have on the politics of other Eurozone countries that face similar issues and, perhaps, on the viability of the Eurozone itself.

Jan 21 13:47

Former White Official Exposes Shocking Real Reason For Historic 58-Sigma Move By Swiss

What actually happened was the Swiss National Bank realized that the balance sheet of the central bank’s ratio to the Swiss GDP had already reached a level of nearly 100 percent. And given what’s going on in the world — we’ve got inflation of 23 percent in Argentina, it’s projected to be 17 percent in Russia — inflation is picking up rapidly in many parts of the world and social unrest is unfolding. All of that gives Switzerland inbound capital flight from other countries.

They concluded that the combination of euro quantitative easing, plus the inbound capital flight and the likelihood of more geopolitical confrontation with Russia, which also pushes money into Switzerland — all of that put them on a trajectory so that if they would have continued to defend the currency peg, the Swiss National Bank's balance sheet would have been over a staggering 200 percent of GDP within one year.

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