European Commission Trying to Seize Control of Euro

 

 

I reported previously that the European Commission is seeking to take the clearing of the Euro derivative transactions from London and move them to Paris. The European Central Bank (ECB) is warning that it must secure strong access rights for the supervision of the cross-border settlement of financial transactions after the departure of Great Britain from the EU. About 90%+ of all euro derivatives transactions are settled via clearing houses in London such as LCH.Clearnet. In the middle of a crisis, the ECB would have no power to shut the market to protect the euro from the free market forces. Of course, what they fail to grasp here is trying to seize the euro clearing and move it by decree to Paris will only undermine the euro even more. What will they do next? Forbid the euro to trade in New York, Chicago, or Asia? Do that and the euro will become a massive short.

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‘There WILL be an EU army’ German official claims 27 European militaries will UNITE

For the record, when you see articles like this claiming the EU Army is Europe’s answer to Trump, don’t be fooled. Even though it’s well documented here on Global Geopolitics, and has been so for over five years, the plans for such a structure have been laid out decades ago. Donald Trump is just the scapegoat and everyone’s favorite lightning rod needed to follow through with the plans. Make no mistake about it, the European Army is coming, courtesy of Germany’s Fourth Reich hiding behind the yet-to-come United States of Europe after the European Union goes through a shakeup and necessary changes.

 

EU army is inevitable German official says

A German official has said an EU army is inevitable [Getty]

 

A SENIOR German defence official has insisted the European Union will inevitably launch its own army.

Hans-Peter Bartels, Germany’s national defence commissioner welcomed the single force because the bloc is “currently disorganised”.

Speaking on the same day Brexit talks formally began, Mr Bartels said steps in the “right direction” are important, which signalled [sic] Germany’s potential plans to press ahead with defence integration. Continue reading

EU Proves It Has Become an Authoritarian Government

(Armstrong Economics)

 

The European Commission President JEAN-CLAUDE Juncker, has come out and boldly stated that Poland and Hungary and their refusal to take in a single refugee person under a plan agreed in 2015 to relocate 160,000 asylum-seekers from Italy and Greece, said: “Those who do not want to accept people with a different skin colour or a different belief come from a world of ideas that I do not consider compatible with the EU’s original mission.” Juncker further said that if the refugee crisis existed previously and Poland and Hungary refused to accept the refugees, they would have been denied membership. Continue reading

EU Wants to Order All Euro Trading Moved from London to Paris

 

The European Union is preparing the legal basis to take over London’s extensive trading business with euro derivatives. This is just another complete failure of bureaucrats to comprehend market function. Perhaps they should also outlaw euro trading in the USA and Asia. That would be real smart. Then they can all sit down and play cards with euro themselves and guarantee it will never be anything to anyone else, no less convertible worldwide. Continue reading

Poland tells EU to BRING IT: Warsaw vows to fight penalty for refusing to accept refugees

Poland and the EU are lcoked in a battle over migrant quotas [Getty]

 

THE Polish ministry of foreign affairs is set to contest European Commission plans to penalise the country for refusing to accept any refugees as part of an EU relocation scheme.

The revelation comes after the Commission said it would prepare penalties over refugee inaction for Poland, Hungary and the Czech Republic. Continue reading

EU Sues Poland, Hungary And Czech Republic For Refusing To Accept Refugees

 

The European Commission has launched a legal case against Poland, Hungary and the Czech Republic, for refusing to take in asylum seekers, escalating a bitter feud within the 28-nation bloc about how to deal with the Pandora’s box opened up Angela Merkel’s 2015 “Open Door” policy (since shut).

The reason for Brussels’ ire is that the eurosceptic governments in Poland and Hungary refused to take in anyone under a plan agreed by a majority of EU leaders in 2015 to relocate migrants from frontline states Italy and Greece to help ease their burden. The Czech Republic initially accepted 12 people but has since said it would not welcome more. It is perhaps worth noting that the three countries are among the very few who have had virtually no terrorist attacks in the past two years. Continue reading

Europe Moves Away from US to Become Independent in Terms of Defense Capability

You’re looking at the world’s next superpower, a United States of Europe complete with its European Army, courtesy of Germany’s Fourth Reich.

 

 

The idea to create a European defense structure independent from NATO had been floated for some time. It was a topic for discussions but no concrete steps have been taken to make it come true. It appears to be changing now after US President Trump apparently made no mention of Article 5 or collective defense during the May 25 NATO summit to stun his European allies. «Trump Leaves NATO» was the Carnegie Endowment’s assessment of the event. No such thing ever happened before. It provides a powerful incentive for the Europeans to push ahead with plans to convert the words into deeds. German Chancellor Angela Merkel urged Europeans “to take our destiny in our hands” and warned that the United States was no longer a reliable partner. Her words marked a turning point. Continue reading

EU environment and science money moved to military fund

As said oft in the past, and as early as 2013, the EU is the next world superpower to take the stage. Despite the difficulties it’s facing, the solution to all of its problems brought forth by the eurocrats is always further integration. It may very well still break up, but there will be a core leftover. The United States of Europe is around the corner, led by Germany’s Fourth Reich under an EU guise, along with its European Army.

 

Preparation of the launch of a Galileo satellite in 2014 (Photo: European Space Agency)

 

The European Commission is proposing to finance parts of its proposed defence fund with money originally allocated to energy, environmental and scientific programmes.

The EU’s executive announced its plan to subsidise research and procurement of high-end defence technologies on Wednesday (7 June), but the origin of the money has gone largely under-reported.

In 2019 and 2020, the commission wants to redirect €145 million that was originally allocated to the Connecting Europe Facility, a programme aimed at integrating European energy markets, increasing energy security, protecting the environment, and promoting interoperability of digital service infrastructures. Continue reading

EU mulls joint defence spending

Commission keen to develop EU’s own surveillance UAVs (Photo: EADS)

 

The EU budget should be used for military research and the bloc could become a defence alliance akin to Nato, the European Commission is poised to say.

The Commission is to outline its ideas in a legislative proposal on spending and in an ideas paper on defence due out on Wednesday (7 June).

“The development of a new generation of many major defence systems is today beyond the reach of a single EU member state … ‘More Europe’ in defence and security is clearly needed”, the draft proposals, seen by Bloomberg, a US news agency, said.

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Commission lays out vision to complete euro

The EU executive is proposing a two-phase calendar to complete the architecture of the economic and monetary union. (Photo: Hannelore Foerster)

 

The European Commission presented on Wednesday (31 May) its proposal to “move forward” on eurozone integration with a treasury, a finance minister and several instruments to make the financial sector less vulnerable to crises.

The document, which is part of an ongoing reflection about the future of the EU, aims to “fill the gaps” in the single currency and to help the eurozone economies to converge.

“We cannot and should not wait for another crisis,” said commission vice president Valdis Dombrovskis, who admitted that “doubts remain about the full stability and safety of the system”. Continue reading

How to set up a universal basic income for all Europeans

 

Belgian Economist François Denuit suggests introducing the euro-dividend as a new pillar of social rights on which member states could build up their own basic income policies. A big leap forward towards building a truly and ambitious Social Europe.

A month ago, following a public consultation involving more than 16,500 participants drawn from civil society, the European Commission made public its reflection on the social dimension of the European Union (EU) and adopted a recommendation in favour of a “European pillar of social rights”. While we should applaud the willingness of the institution and its president, Jean-Claude Juncker, to re-engage with its right of initiative in social affairs, this proposal must be accompanied by other initiatives if the Commission hopes to meet its aim of a “social triple A” for the EU. A systematic support for national social protection systems in the form of a euro-dividend could offer a complementary and ambitious way to address current social, economic and political issues. Continue reading

Trump Threatens to Stop Germany from Selling Cars in US

Trump Threatens to Stop Germany from Selling Cars in US

An employee holds a BMW logo on the production line of the BMW C evolution electric maxi-scooter at the BMW Berlin motorcycle plant February 23, 2015

 

President Donald Trump reportedly threatened the ‘Very Bad’ Germans from selling their cars in the United States.

(WASHINGTON, DC) U.S. President Donald Trump has threatened to stop German car sales in America during a meeting with European officials in Brussels on Thursday, Germany’s Der Spiegel reported.

“The Germans are bad, very bad,” said Trump, as quoted by Spiegel. Continue reading

Germany Is Quietly Building a European Army Under Its Command

[GETTY]

 

Berlin is using a bland name to obscure a dramatic shift in its approach to defense: integrating brigades from smaller countries into the Bundeswehr.

Every few years, the idea of an EU army finds its way back into the news, causing a kerfuffle. The concept is both fantasy and bogeyman: For every federalist in Brussels who thinks a common defense force is what Europe needs to boost its standing in the world, there are those in London and elsewhere who recoil at the notion of a potential NATO rival.

But this year, far from the headlines, Germany and two of its European allies, the Czech Republic and Romania, quietly took a radical step down a path toward something that looks like an EU army while avoiding the messy politics associated with it: They announced the integration of their armed forces. Continue reading

EU SUPERSTATE: Brussels ‘to force EVERY member state to adopt euro by 2025’

Eurozone

The EU wants every member state to adopt the Euro by 2025, reports claim [GETTY]

 

BRUSSELS officials want every European Union country to be using the euro by 2025, a bombshell new report has claimed.

Nine of the 28 member state in the EU are currently not part of the single currency.

The UK and Denmark are exempt, but the remaining seven nations all agreed to adopt the euro when they joined the bloc. Continue reading

More EU integration Inevitable: Mercron will be forced to federal EU or eurozone will die

Angela Merkel and Emmanuel Macron

German chancellor Angela Merkel and new French president Emmanuel Macron [GETTY]

 

THE European Union single currency will only survive through even GREATER integrations, analysts have warned.

Eurozone nations will have to find ways of working more closely together despite growing anti-EU sentiment in some countries and the fallout from Brexit.

Analyst Antonio Barroso, managing director at Teneo Intelligence, told CNBC: “I think further integration is inevitable, especially if member states want to make the euro zone sustainable in the long term. Continue reading