EU Tyranny: New Law against Democratically Dismantling EU from Within

Further proof that Germany runs and directs the European show, with this article highlighting its leadership positions on the continent, once again.

 

Two years ago, the European Commission proposed a law that would authorize an “independent authority” within the European Parliament [EP] to decide whether EP parties would receive an official legal status as EP parties. This legal status is needed for a party to obtain EP party subsidy, which is designed to cover 85% of party expenditures.Despite a British and Dutch lobby against the law, it was passed by the EP on September 29, 2014.

Among the demands parties have to meet are that of “internal party democracy” and that they must “respect the values on which the European Union is based.” Among these values are: “pluralism, non-discrimination, tolerance, justice, solidarity and equality between women and men.” In addition, the parties must be active in at least 7 out of 28 EU member-state countries. Continue reading

Fears of triple-dip eurozone recession as Germany cuts growth forecasts

Anti-austerity movement gains confidence as largest economy suffers from falling industrial output and geopolitical crises

Germany has slashed its growth forecasts for this year and 2015, sparking calls for a public spending boost to prevent the eurozone falling into a triple-dip recession.

Berlin now expects growth of just 1.2% this year and the same in 2015, it said on Tuesday, down from 1.8% and 2%, in the face of slowing export growth.

It came as official Eurostat figures showed that industrial production across the eurozone slumped in August by an alarming 1.8% month-on-month, meaning it was 1.9% lower than a year ago.

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Baghdad Priest: ‘Christianity Could Be at an End Here’

(CNSNews.com) – Rev. Andrew White, vicar of St. George’s Anglican Church in Baghdad, said Tuesday that he believes Christianity may be at an end in Iraq.

“The future’s very bleak,” Father White said in an interview with CNSNews.com. “For the first time, I’ve had to consider the very real fact that Christianity could be at an end here.”

“We don’t know if it will survive,” he said by phone from Baghdad. “Nobody wants to stay here. Everybody wants to get out of here.”

When asked to describe the current situation in Baghdad, White said, it “is basically the worst it’s ever been. People are very fearful … with what has happened.” Continue reading

Collateral Beneficiary

LONDON/BERLIN (Own report) – Despite the “No” in the Scottish secession referendum, experts predict that the vote will, in the long run, have far-reaching geopolitical consequences. Given the high proportion of secession supporters, London will have to begin reorganizing its state structures. Some of the measures now in discussion are drastic and raise the question “of where power lies in the UK.” Over the next few years, Great Britain will be preoccupied with itself and its global role will shrink in the medium – perhaps even in the long – term. The “special relationship” between London and Washington will therefore become “less special,” concludes the president of the influential US think tank “Council on Foreign Relations.” The shift in US global policy from the Atlantic to the Pacific could be accelerated: “Europe” is no longer “the center of geopolitical competition.” However, Germany will be the beneficiary of British weakness.

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Spectre of 1929 crash looms over FTSE 100 as traders take on record debts

Margin debt at record high

 

The spectre of the 1929 stock market crash looms large for UK investors as traders borrow record amounts to invest in rising stock markets

Nothing has been learnt from the madness of the 1929 stock market crash as once again traders reach for record amounts of debt to pile into rising share prices.

The level of margin debt that traders are using to buy shares in the stock market reached the highest levels on record, according the latest data from the New York stock exchange. Continue reading

US banks bracing for Brexit

According to sources quoted by the Financial Times, three American banks — Bank of America, Citigroup and Morgan Stanley — are “drawing up plans to move some London-based activities to Ireland to address concerns” the UK would leave the European Union after a referendum on EU membership to be held possibly in 2017.

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De-Dollarization Accelerates – China/Russia Complete Currency Swap Agreement

The last 3 months have seen Russia’s “de-dollarization” plans accelerate. First Gazprom clients shift to Euros and Renminbi, then the UK signs currency swap agreements with China, then NATO ally Turkey cuts ties and mulls de-dollarization, Switzerland jumps in the currency swap agreements, and BRICS create their own non-US-based funding vehicle, and then finally this week, Russia’s oligarchs have shifted cash holdings to Hong Kong. But this week, as RT reports, Russian and Chinese central banks have agreed a draft currency swap agreement, which will allow them to increase trade in domestic currencies and cut the dependence on the US dollar in bilateral payments. ““The agreement will stimulate further development of direct trade in yuan and rubles on the domestic foreign exchange markets of Russia and China,” the Russian regulator said. Continue reading

Ethiopia’s Nile dam project signals its intention to become an African power

The 4×4 roars off, kicking up a cloud of dust. With one hand on the wheel, the other stifling a yawn, Semegnew Bekele could do this trip with his eyes shut. A construction engineer, he has driven down this track at every hour of the day or night over the past three years. “Ordinary people are building an extraordinary project,” he says. He is referring to the Grand Ethiopian Renaissance dam (Gerd), in the north-west corner of the country close to the border with Sudan. Four hours away from the town of Assosa more than 8,500 workers and engineers are labouring on a massive project to harness the waters of the Blue Nile.

The countdown has already started for Bekele: he has three years left to complete this concrete colossus. “I don’t feel like a special person,” he says, “just an engineer leading the project.” True enough, the driving force behind the dam is former prime minister Meles Zenawi, who ran the country for more than two decades. He was obsessed with the country’s rebirth. The structure will be built, whatever the cost, he asserted, upon laying the first stone in April 2011. He died the following year. Continue reading

Britain planned to train and equip 100,000 Syrian rebels

Secret initiative planned to train rebels to fight the Assad government a year later by marching on Damascus, a BBC Newsnight investigation discloses

Britain planned to train and equip 100,000 Syrian rebels for a shock and awe campaign to defeat President Bashar al-Assad.

General David Richards, who was then the UK’s most senior military officer, drew up the plans two years ago, according to the BBC’s Newsnight. Continue reading

UK edges closer to EU exit as David Cameron is crushed in bid to block Jean-Claude Juncker’s leadership

Britain took another step towards the EU exit door as David Cameron warned that Jean-Claude Juncker’s appointment to the top job in Brussels would make it harder to persuade the public to remain in the 28-nation bloc.

Mr Cameron’s stark warning came after he suffered a humiliating defeat in his lonely battle to stop the veteran federalist becoming president of the European Commission. At a Brussels summit, EU leaders voted 26-2 to nominate Mr Juncker after Mr Cameron demanded an unprecedented formal vote on a post traditionally settled by consensus. Hungary’s Viktor Orban was the only leader to back the Prime Minister.

Asked if the crushing setback had taken the UK closer to an EU exit, Mr Cameron told a press conference: “The job has got harder of keeping Britain in a reformed Europe. The stakes are higher. Do I think it is an impossible job? No.” Continue reading

EU states let NSA tap data cables, Danish media say

BRUSSELS – Classified files leaked to Danish media suggest some EU states are allowing US spies to install surveillance equipment on cables in order to intercept the emails, private phone calls, and Internet chats of their citizens.

Large amounts of data are said to be swept up via a programme codenamed “RAMPART-A”, according to documents disclosed by former US agent Edward Snowden and made public on Wednesday (18 June) by Dagbladet Information and The Intercept.

At least 15 member states have some sort of partnership with the NSA, according to former Guardian journalist Glenn Greenwald. Continue reading

EU is ‘sleepwalking into a crisis’ warns senior diplomat who believes appointment of arch-federalist as president will hasten Britain’s exit

The appointment of an arch-federalist as the European Commission president risks creating a ‘dramatic’ backlash that will hasten Britain’s exit from the EU, one of the country’s most senior diplomats has warned.

A leaked document said Ivan Rogers, the UK’s permanent representative to the EU, believes the ‘die is cast’ in favour of Jean-Claude Juncker, the former prime minister of Luxembourg.

His proposed elevation to Europe’s top job has been fiercely opposed by David Cameron, who says Britain rejects the founding EU principle of ‘ever closer union’, which Mr Juncker supports. Continue reading

Scottish independence will lead to ‘Balkanisation’ of Britain, warns Swedish foreign minister

A vote for independence in September’s referendum which would see Scotland leave the 307-year-old union would trigger “unforeseen chain reactions” in both the UK and Europe

Sweden’s Foreign Minister Carl Bildt warned on Wednesday that Scottish independence would lead to the “Balkanisation” of the United Kingdom that would have consequences for the rest of Europe.

“The Balkanisation of the British Isles is something we are not looking forward to. It opens up a lot, primarily in Scotland but also in the UK. What are the implications for the Irish question? What happens to Ulster?” Continue reading

Renminbi (RMB) Yuan Clearing Bank To Open In London

A RMB Yuan (CNY) clearing bank will be officially appointed in the United Kingdom (UK) in June, said Mark Boleat, policy chairman for the City of London Corp, in an interview at the weekend.

“There will be a clearing bank in London. In due course, there will be an announcement,” Mr. Boleat said. The news will be an endorsement for London’s efforts to become an offshore yuan center. Other European financial centers in the race to become a Yuan center include Frankfurt, Paris, Switzerland and Luxembourg.

An official clearing bank facilitates efficient clearing of offshore Renminbi transactions, achieved through the appointed bank’s direct cooperation with the People’s Bank of China (PBOC) , the country’s central bank. Continue reading

German spies want $400M to play catch-up with the NSA

Your new post-America superpower:

Süddeutsche Zeitung, NDR and WDR have turned up secret documents belonging to the Bundesnachrichtendienst (BND), Germany’s counterpart to the NSA. It seems the BND is jealous of the digital espionage capabilities of the NSA and the U.K.’s GCHQ, and wants to up its game.

The documents warn that, if the BND doesn’t get the €300 million ($409 million) it needs to run expanded surveillance activities until 2020, Germany will fall behind even Italy and Spain in the spook stakes. They also suggest the spies hope to get their funding in the coming weeks. Continue reading