BERLIN/LONDON(Own report) – With nearly double-digit billions in losses, the German business community would be the main loser of a “hard Brexit” among the remaining EU members, according to a recent analysis on the upcoming Brexit. The EU27 would thus face greater losses than the UK, should Brexit not be followed up with a comprehensive trade and tariff agreement. German companies must expect annual losses of around nine billion euros. The German automotive industry most likely will be the hardest hit. At the moment, a “hard Brexit” seems more likely, because Brussels refuses to include in a post-Brexit trade agreement not only the protection of EU interests but also access to UK financial services. Due to the EU’s obstructionist policy, public opinion is growing increasingly sour toward Brussels. Even British Brexit opponents are lamenting the “EU’s arrogance” and warning that “a Britain that feels humiliated by the EU could be an uncomfortable neighbor.”
The EU commission wants to plough ahead with plans for a banking nion [Getty]
BRUSSELS chiefs are piling pressure on EU members to back plans for a banking union, which will see nations forced to cover bank failures anywhere in the bloc, as it ramps up efforts to reform the Union.
The European Commission wants to plough ahead with the creation of a bloc-wide banking union, which was first proposed in 2012 by the end of 2018, in a bid to prevent a repeat of the 2008/09 financial crisis. Continue reading →
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 →
A popular thesis since the 1930s is that a natural progression exists from currency wars to trade wars to shooting wars. Both history and analysis support this thesis.
Currency wars do not exist all the time; they arise under certain conditions and persist until there is either systemic reform or systemic collapse. The conditions that give rise to currency wars are too much debt and too little growth.
In those circumstances, countries try to steal growth from trading partners by cheapening their currencies to promote exports and create export-related jobs. Continue reading →
Russia’s central strategic problem is NATO. Russia must break the back of NATO. But how?
Step One, the Arab Spring: The best attack is always an indirect attack. So Russia began its attack on NATO hundreds of miles away, in the Arab world. Revolution is the perfect strategy for a country like Russia, which is rich in clandestine and criminal resources. (In Egypt’s revolution, for example, the first flags raised in protest were red. The green flags only came out afterward.) The Arab Spring revolutions were calculated to shake things up. Islamist and communist forces were initially linked, arm-in-arm. If they failed to get power, the resulting chaos would nonetheless serve other purposes. For example, the civil war in Syria presents a prime example. The Russians, who dominate the criminal underworld, created the transport net for moving millions of Muslim refugees to the heart of Europe. Russian air units carpet bombed Syrian cities and villages, driving hundreds of thousands out of their homes. Next, they salted the fleeing multitudes with military-age men trained as terrorists. Then Europe was hit by a new wave of terror. Continue reading →
The Trump administration is laying the groundwork to abandon the landmark nuclear deal with Iran if European allies fail to fix the agreement and close key loopholes that have allowed the Islamic Republic to continue sensitive nuclear research and develop advanced ballistic missiles, according to senior administration officials and top lawmakers who spoke to the Washington Free Beacon about sensitive ongoing diplomatic talks.
Senior Trump administration officials have been pressuring European allies to agree to a range of fixes to the nuclear deal that would address Iran’s military intervention across the Middle East, as well as its ongoing efforts to develop advanced ballistic missile technology that could be used to carry a nuclear weapon. Continue reading →
The German Defense Minister Ursula von der Leyen was being touted as a possible successor to Merkel. She has spoken at the Munich Security Conference stating that there must be “the common will to actually use the military weight when circumstances require it.” Leyen has come out saying that Germany should no longer hide behind its history, but must accept that soldiers must fight for the security of the nation and the freedom of the people. Leyen’s French colleague, Florence Parly, has also called for closer European military cooperation. Continue reading →
Turkish President Recep Tayyip Erdoğan has said that Turkey “gave away” Greek islands that “used to be ours” and are “within shouting distance”. “There are still our mosques, our shrines there,” he said, referring to the Ottoman occupation of the islands. (Photo by Carsten Koall/Getty Images)
Turkish propagandists also have been twisting facts to try to portray Greece as the aggressor.
Although Turkey knows that the islands are legally and historically Greek, Turkish authorities want to occupy and Turkify them, presumably to further the campaign of annihilating the Greeks, as they did in Anatolia from 1914 to 1923 and after.
Any attack against Greece should be treated as an attack against the West.
There is one issue on which Turkey’s ruling Justice and Development Party (AKP) and its main opposition, the Republican People’s Party (CHP), are in complete agreement: The conviction that the Greek islands are occupied Turkish territory and must be reconquered. So strong is this determination that the leaders of both parties have openlythreatened to invadethe Aegean.Continue reading →
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.
Angela Merkel has been put back into her box in a big way by the leader of Germany’s second most popular party, the AfD.
Alice Weidel slammed Merkel’s approach to Brexit, saying Germany shouldn’t be punishing Brexit Britain, saying the EU is afraid other countries will leave now they’ve seen Project Fear predictions were wrong. Continue reading →
The European Commission vice-president for energy union,Maros Sefcovic, said during a visit to Azerbaijan last week that the European Union was ready to negotiate Iran’s participation in the Southern Gas Corridor (SGC), a system of pipelines designed to pump Azerbaijani gas from the Caspian region to southern Italy via Georgia, Turkey, Greece and Albania.
The European bloc is keen to get its hands on Iranian gas and has already held talks with Tehran on the issue. This means it is unlikely that the EU will budge on its opposition to US President Donald Trump’s demands for revising the Iran nuclear deal. Continue reading →