Cologne Institute of German Business Warns of Deposit Protection May Not Survive in Europe

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The Cologne Institute of German Business sees in the planned European deposit insurance is simply incapable of proving protection against a bank crash in Europe. The EU deposit guarantee is simply not practical under any concept of austerity. The Eurozone still has inherent significant risks in the balance sheets of European financial institutions. This is primarily because where the USA took the bad loans from the banks and stuffed them into Freddie and Fanny, in Europe, the bad loans are still on the books of the banks. Systemically, this has been the leading problem why Europe has been unable to recover and Quantitative Easing merely robber savers of their income and it failed completely to stimulate the economy. Banks were still reluctant to lend and people would not borrow if they did not have confidence in the future. Continue reading

Military Axis Berlin-Paris

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PARIS/BERLIN (Own report) – Berlin is forging ahead with the German-French military cooperation by intensifying collaboration in air transport. In addition to ambitious armament projects, the defense ministries of Germany and France have reached an agreement last week regulating the operation of a joint air transport squadron based in Évreux (France) as well as the training of the necessary personnel. The squadron will be available to both countries’ tactical air transport and supplement the large A400 transport aircraft, which will also be procured jointly by the German and French armed forces. Experts view the current cooperation – for example in the framework of the Franco-German Brigade – to be insufficient, because, so far, diverging strategic goals complicate its deployment. For his “vision of a new Europe,” Emmanuel Macron, under whose presidency the cooperation is to be expanded and improved, will be awarded Aachen’s International Charlemagne Prize next week.

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Chinese Space Station May Crash Into Michigan In Three Weeks

 

An out-of-control Chinese space station full of “highly toxic” chemicals may crash into lower Michigan, reports Aerospace.orgwhich has predicted an April 3 reentry with a margin of error of one week before and after.  While the list of possible targets include locations in Northern China, South America, Southern Africa, Northern Spain and the United States. Lower Michigan in particular is among the regions with the highest probability of a direct hit. Continue reading

Europe Renews Tariffs On Chinese Steel Pipes As High As 72%

As the world watches breathlessly if Trump will follow through with his threat to slap steel and aluminum import tariffs, Europe continues to quietly ratchet up its own trade war with China and nobody seems to mind. Continue reading

From a German Euro to a German ECB (II)

As mentioned several times in the past, Germany is running the European Union and Europe once again. This time around the conquest is via subjugation of national sovereignty and economic warfare. They have their key politicians in key positions across the European board. The European Commission, European Central Bank and International Monetary fund (the Troika) are all but one example. Regardless of how everything on the EU landscape currently looks, further federalization/integration is the only solution they keep proposing to their problems, and this is ultimately leading to a United States of Europe with its own European Army, which is already beginning to supplant NATO. The Fourth Reich has landed and if you’re looking for Nazis, you’re 70 years too late.

 

BERLIN/BRUSSELS (Own report) – The EU finance ministers’ decision to appoint the Spaniard Luis de Guindos to be vice president of the European Central Bank (ECB), will boost the chances of German Bundesbank President Jens Weidmann to become its next president. Berlin has welcomed the decision for Spain’s current Minister of the Economy Guindos, considered to be one of the fathers of the Spanish real estate bubble. Subsequent to his designation as vice-president, a northern European is expected to be given the post of ECB president, due to the EU’s proportional regional representation. According to observers, a conceivable deal may be reached with Germany’s Weidmann at the helm of the ECB and the post of EU Commission President going to France. The current German Bundesbank president is unpopular in Southern Europe because he has been systematically trying to prevent current ECB President Mario Draghi’s bond buying programs, considered to be vital for the crisis stricken countries. With Weidmann as ECB president, Germany would further tighten its grip on the euro zone’s financial institutions.

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Germany is the leading breaker of EU rules

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No other country seems to lecture EU states as much as Germany. But, embarrassingly, Angela Merkel’s government is in breach of European regulations more than anyone else.

Yes, it’s really true: Germany is the top rule breaker in the European Union. The country, which has lectured debt sinners like Greece, performs worst in complying with European Union legislation. Physician, heal thyself. Continue reading

Berlin’s Beacon Policy

BERLIN(Own report) – Germany and the three remaining major West European EU member countries should formulate a joint foreign policy and implement it even without an EU-wide consensus, demands Norbert Röttgen, former Chair of the Committee of Foreign Affairs in the German Bundestag. Such an approach would be inevitable, because a foreign policy consensus in the EU is impossible “within the foreseeable future,” although rapid and resolute activity is needed to reach an “equal footing with the USA and Russia.” Experts are proposing, as an alternative, the introduction of foreign policy decisions being taken at majority votes. This would mean that EU countries – against the will of their respective governments – could, for example, be forced into serious conflicts with third countries. Reflecting major shifts in the global political fabric, these proposals have become elements of an intense debate within Berlin’s political establishment. The German Federal Intelligence Service (BND) is warning against the escalation of conflicts, for example, with China, and the military does not rule out the possibility of Berlin’s loss of power, through the potential disintegration of the EU.

Spain Invades Catalonia – Nullifies the Democratic Vote

 

The Spanish Police have invaded Catalonia and the rigged high court of Spain nullifies its independence. It really is astonishing when you compare these actions to Russia and Crimea. At least Crimea the population were Russian speaking and not Ukrainian. Here we have Catalonia has had its own language from before the existence of Spain and have always regarded itself as separate and autonomous. Continue reading

Europe Will Reap What Spain Has Sown

 

The Spanish government decided to reach back into its history and borrow from the playbook of longtime Spanish fascist dictator Francisco Franco in dealing with Catalonia’s decision to declare independence from the Spanish Kingdom as the Republic of Catalonia. The Catalan government’s decision to declare independence followed an October 1 referendum in the region that resulted in a “yes” for independence. Continue reading

MAPPED: Catalonia is NOT alone – the regions desperate for independence threatening the EU

The regions wanting more autonomy or independence [Mauldin Economics]

 

CATALONIA’S quest for independence from Spain could spark a domino effect plunging the European Union into crisis as a map reveals the other regions across the continent desperate for autonomy.

Catalonia threw Spain into a constitutional crisis yesterday after declaring independence following a controversial referendum.

But the region is not alone in its hope for independence and the aftershocks of the Catalonia crisis could further splinter the EU with dozens of regions hoping to return to autonomy and fighting their own battle to regain control. Continue reading

SPAIN ON THE BRINK: Deposed Catalan leader Carles Puigdemont ‘refuses to be fired’ and vows to fight Madrid direct rule

Carles Puigdemont delivered a speech to say he would not acknowledge his dismissal (Image: AP: Associated Press)

 

Spain remains on a knife-edge as tensions between both sides continue to grow, with brawls already having broken out in Barcelona last night

As the Spanish government held its first meeting to discuss their new roles since imposing direct rule over Catalonia, Carles Puigdemont instead promised to continue to build a “free country”, and called for “democratic opposition” to Madrid.

In the pre-recorded, televised message, Puigdemont urged people to continue pushing for independence, saying: “We do not deviate: we continue persevering in the only attitude that can make us winners.

“Without violence, without insults, in an inclusive way, respecting people and symbols, opinions, and also respecting the protests of the Catalans who do not agree with what has decided the parliamentary majority.” Continue reading

Germany’s Delegation To Russia Signals That Merkel Is Looking For New Allies

A delegation of executives from major German corporations recently met with Russian President Vladimir Putin.

Such delegations are not unusual. Sometimes it is routine, sometimes a courtesy. But occasionally, it has significance. In the case of Russia-Germany relations, such meetings are always potentially significant. Continue reading

Spain Unleashes Historic Power to End Catalan Independence Push

Carles Puigdemont. Photographer: Angel Garcia/Bloomberg

 

  • Rajoy to take direct control of Catalonia using Article 155
  • ‘All roads lead to new elections’ in region: Teneo’s Barroso

Prime Minister Mariano Rajoy will deploy the Spanish government’s most wide-ranging constitutional powers for the first time in the country’s history as he seeks to land a decisive blow on the Catalan separatist movement.

Spanish stocks and bonds dropped as Rajoy’s government said it will move forward with the process of suspending the powers of the Catalan administration after regional President Carles Puigdemont refused to shelve his claim to independence.

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Europe’s Push Toward a Unified Military

The official flag of Eurocorps military contingent (FREDERICK FLORIN/AFP/GETTY IMAGES)

 

As global threats increase, many nations support the idea of an independent and united European military. Here is why we expect it to happen, and where we expect it to lead.

The 100 years between 1815 and when World War i started in 1914 were one of Europe’s greatest periods of peace ever. But that isn’t to say it was peaceful.

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.

The states of Europe spent 75 percent of the 17th century at war with each other, 50 percent of the 18th century, and 25 percent of the 19th. The periods of war became shorter—but more than made up for it with devastatingly more effective weapons.

This is why many are skeptical of the creation of a “European army.” How can a continent with such a long history of war and division form a united military force? Continue reading

FRIEDMAN: EU Officials Out Of Step With Reality, Europeans Don’t See What’s Coming at Them

Imagine the following scenario.

Texas votes to secede from the United States, sparking bitter tension between Austin and Washington. A neo-Nazi party wins seats in the California legislature.

Cook County, home to Chicago, threatens to break away from Illinois to form its own state. Worried about losing such an economically vibrant region, government officials try to prevent the election from taking place.

The federal government vows to suspend North Carolina’s voting rights in Congress simply because it didn’t approve of its behavior. It considers doing likewise for Arizona.

In such a scenario, you might conclude that something is terribly wrong with the United States.

The thing is, this is pretty much what is happening in Europe.

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