Bundesbank calls for capital levy to avert government bankruptcies

Lets be absolutely clear: As history has shown us through repetition, there is no such thing as a “one-off” capital levy, which is a fancy and whitewashed term for stealing from the citizens — yet it is spinned in such a way that the people perceive it as their government working hard in their interests. Once the government has confiscated a piece of wealth, it will consider it a test of the public’s patience, and likely do it again. We saw it in Cyprus, Greece, Hungary and Poland the last few years — and these are only examples during modern times. As the economies continue to plunge, they will take more and more until everything has imploded.

(Reuters) – Germany’s Bundesbank said on Monday that countries about to go bankrupt should draw on the private wealth of their citizens through a one-off capital levy before asking other states for help.

The Bundesbank’s tough stance comes after years of euro zone crisis that saw five government bailouts. There have also bond market interventions by the European Central Bank in, for example, Italy where households’ average net wealth is higher than in Germany. Continue reading

Spain’s Youth Unemployment Rate Hits 57.7% as Europe Faces a ‘Lost Generation’

Spain saw its youth unemployment rate rise to a staggering 57.7% in November as the country registered the worse youth jobless rate in the eurozone area.

Eurostat, the statistical information arm of the European Union, also revealed the youth unemployment rate across the eurozone remained steady at 24.2% for the second consecutive month – meaning there were 3.5 million unemployed under-25s across the region.

“There is a real danger that these young people will get trapped in the ranks of the long-term unemployed,” James Howat, a European economist at Capital Economics, told IBTimes UK. Continue reading

The World’s Next Superpower

The 100-year period from 1815 until World War I began in 1914 was one of Europe’s greatest periods of peace ever. But consider what happened during those years: France invaded Spain; Russia fought Turkey; various German states fought with Denmark, Austria and France; Britain and Turkey fought Russia; and Greece fought Turkey. Those are just the “highlights”—and they don’t include the numerous internal conflicts, uprisings, declarations of independence and other political unrest that occurred. Even Switzerland had a civil war.

That is what “peace” in Europe looked like before the latter half of the 20th century. Continue reading

Seven EU states create military drone ‘club’

BRUSSELS – Seven EU countries have formed what France calls a “club” to produce military drones from 2020 onward.

The scheme was agreed in Brussels on Tuesday (19 November) at a meeting of the European Defence Agency (EDA), the EU’s defence think tank, by France, Germany, Greece, Italy, the Netherlands, Poland and Spain. Continue reading

Germany, Spain ‘carry out mass spying’

SPY agencies in Germany, France, Spain and Sweden are carrying out mass surveillance of online and phone traffic in collaboration with Britain, according to documents leaked by Edward Snowden.

The Guardian newspaper reports Britain’s GCHQ electronic eavesdropping centre – which has a close relationship with the United States’ National Security Agency (NSA) – has taken a leading role in helping the other countries work around laws intended to limit spying.

The report is likely to prove embarrassing for governments including those of Germany and Spain, which had denounced earlier reports that the NSA was electronically spying on their citizens. Continue reading

British nuclear submarine ‘surfaces off Gibraltar’ as row with Spain heats up

  • Witnesses said they saw the submarine surface on Saturday
  • Believe sub is HMS Tireless but officials refuse to confirm sighting
  • Comes days after Royal Navy warship HMS Westminster arrived

Witnesses said they saw the vessel surface on Saturday as tensions between Spain and Britain continue to rise over fishing rights around the Mediterranean enclave. Continue reading

Wealthy Chinese snap up homes in Southern Europe as governments offer visas for buying

Southern Europe’s cash-strapped governments are courting wealthy Chinese homebuyers, seeking to bolster their battered real estate markets by offering visas to those who purchase prime properties.

Cyprus, Greece and Portugal are providing resident permits to foreign buyers, while Spain is about to adopt a similar measure. The chance to purchase a home at depressed prices in southern Europe and gain what’s known as a golden visa is mostly being sold to Chinese investors, according to brokers. Continue reading

5 New Countries That Might Exist By 2025

With violence in Xinjiang continuing and tensions in Chechnya and Dagestan back in the public consciousness, it seems almost cliché to say the end of the sprawling, imperial nation-state is here, or at least not far off. Hell, a couple thousand signatures for an independent Texas got the foreign press questioning if even the U.S. wasn’t immune from secessionist conflict.

Now, have the massive, multi-ethnic superpowers of the modern world really reached their breaking point? The answer’s a big, emphatic no. While there’s certainly no shortage of secessionist claims in Russia, China, and the surrounding geopolitical region they dabble in, it’s unlikely we’ll see any new (internationally recognized) countries emerge from the Caucuses or Central Asia. A major precedent — any one secessionist success story — could set off new fervor in any number of independence-minded areas that could radically undermine the neighborhood superpowers’ international standing. For the leaders of Russia and China, maintaining their borders against secessionist challenges is an essential part of maintaining their political legitimacy. Sorry, Tibet. Continue reading

Eurozone on brink, again — investors, analysts

Given the absence of serious moves from Europe, anything could set off another bout of international financial contagion

Dow Jones Market Watch is warning of major problems emanating from the Eurozone. This comes amid the latest data from Spain where the economy contracted yet again, this time by 1.7 percent in the second quarter on a year-on-year basis. More problems were reported out of Greece, Italy and Germany.

In an article today, Michael Casey, managing editor for the Americas at DJ FX Trader, said: Continue reading

EU plans independent intelligence agency as response to US

With the United States suiciding itself back into the stone age, the EU is not idly waiting for someone else to depend on, such as NATO. It would leave them too exposed to China and Russia. A European Army is slowly being born (Additional sources: Here and here) while the EU itself continues to force itself through economic and social means into the United States of Europe. Its very own intelligence apparatus is only part of the overall objective.

In the end, all roads lead to Berlin which controls and runs the EU via economic might and heavily wielding influence through such organizations as “The Troika” that subjugates other nations (i.e. Greece and Cyprus) and turns them into German vassal states. The Fourth Reich is here.

In any case, the EU does and always has known that the NSA has been spying on them — as well as having been a source of their own intelligence.  Germany in fact has been collaborating with the NSA since the 1960′s. Germany itself cannot spy legally on their own citizens in such a manner as the NSA, thus needs the outside source which is out of legal jurisdiction and cannot be held accountable. This is only a politically driven tactic to slowly push the US out of its backyard and for the EU to stand out on its own as a world superpower.

The European Union (EU) is planning to assemble an independent intelligence body of its own in “an urgent response” to the recent revelation that the US has been spying on EU officials as well as European citizens.

The planned apparatus, which will be set up by owning and operating spy drones, surveillance satellites and espionage aircraft by the EU itself, will be used for “internal security and defence purposes,” the Telegraph reported, citing “officials.” Continue reading

US to pay Spain 200 million to host missile shield

Spain and the US are expected to formalize an agreement in the coming weeks over the stationing of four destroyers at the naval base in Rota, Cádiz, for an initial period of over four years. The deal is worth 200 million euros to Spanish public company Navantia, which will be responsible for the maintenance of the four Arleigh Burke class vessels. The destroyers form part of the NATO missile defense shield and are equipped with Aegis combat systems capable of intercepting ballistic missiles. Continue reading

Eurogendfor: the new EU police force of limitless power / Eurogendfor: la nuova polizia europea dai poteri illimitati

An article orginally written in Italian, with the best available translation to English at the moment, explains a new European police force. This police force by increased cooperation not only further aligns them with the EU, but also takes out the Russian influence within the region.
Among the many projects of international cooperation which Italy is currently involved seems it is appropriate to dwell on what Eurogendfor, or the European Gendarmerie Force. This is an initiative that involves in addition to our other 5 EU countries: France, Spain, Portugal, the Netherlands and Romania, but subsequently acceded to this project.

The purpose of the EGF to strengthen the management capacity of the future international crises and, more importantly, contribute to the common defense and security policy and may in all respects be considered a tool integrated approach to conduct police missions in several theaters, including those destabilized, in support of the European Union, NATO, the UN or any coalitions to create PURPOSE. Continue reading