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 →
Angela Merkel is considered to be the world’s most powerful woman and perhaps Europe’s most powerful person. She’s about to be re-elected as Germany’s Chancellor for the fourth consecutive time. Her policies have provoked a lot of debate, from Germany’s decision to phase out nuclear energy over the Eurozone bailouts onto her refugee policies.
What has received much less attention is how she entered politics. A number of biographies have been written about her, with the most critical one perhaps being “the first life of Angela M”, written in 2013 by a journalist for Die Welt who later joined the rightwing populist AfD party. This centered on how she was a member of the FDJ, the communist youth organization, when she was at school, and how she later served as cultural secretary for the FDJ while working as a physicist at the Academy of Sciences, leading to Merkel denying this role included propaganda. 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.
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 →
Merkel faces the worst crisis of her career and many behind the curtain are starting to wonder if she will even survive. The German Federal President Steinmeier could not actually order new elections immediately. The procedure in this regard is quite complicated in Germany. The earliest possible alternative would be to hold new elections come the spring of 2018. It is likely that the AFD is likely to gather even greater support from new elections. Nonetheless, the CDU will continue to support Merkel at least right now. However, the CDU has been severely weakened by the election and if we do not see new elections until the spring, there is a distinct possibility that Merkel’s support even within the CDU could collapse if they see the AfD will win even greater support. Continue reading →
Just some examples of George Soros’ network of influence.
Unlike the mad ‘Russian collusion’ conspiracies being peddled by the tinfoil hat wearers, there is real and documented evidence of billionaire George Soros’ global influence which gets virtually no coverage outside of the new media (funny that!).
Did you know that Soros met with Juncker and other top EU officials several times over the summer? Continue reading →
Angela Merkel hopes to get preliminary talks out of the way be the end of the week [EPA]
GERMAN leader Angela Merkel is yet to form a government seven weeks after the country went to the polls.
Voters went to the polls on September 24 in an embarassing election for Mrs Merkel’s conservatives who bled support to the far right.
If coalition talks stall Berlin would face a lengthy period of uncertainty at a time when many in the European Union are looking to Germany for leadership on issues ranging from euro zone governance to trans-Atlantic relations. Continue reading →
In his farewell interview for the Financial Times, Federal Minister of Finance Wolfgang Schäuble warned of a new global financial crisis predicated upon the Quantity of Money theory that the central banks had pumped trillions of dollars into the financial system that is creating a risk of “new bubbles”. Indeed, many just do not comprehend what is going on and are blaming the new highs in share markets on concerns about the increased risks from the accumulation of more and more liquidity and the growth of public and private debt. Continue reading →
With one foot out of the door of Germany’s finance ministry, the former head of the German economy, Wolfgang Schäuble, 75, delivered a fire and brimstone warning over the weekend, telling the FT in an interview that there was a danger of “new bubbles” forming due to the trillions of dollars that central banks have pumped into markets. Schäuble also warned of risks to stability in the eurozone, particularly those posed by bank balance sheets burdened by the post-crisis legacy of non-performing loans, something we warned about since 2012, and an issue which remains largely unresolved.
Taking a broad swipe at the current financial regime – which he helped design – Schauble warned that the world was in danger of “encouraging new bubbles to form”. Continue reading →
BERLIN/BARCELONA/MILAN/ANTWERP (Own report) – As can be seen in an analysis of the separatist movements in Catalonia, Lombardy and Flanders, the deliberate promotion of exclusive cooperation between German companies and prosperous areas in countries with impoverished regions has systematically facilitated the autonomist-secessionist movements in Western Europe. According to this study, Flanders, as well as Lombardy – two already economically prosperous regions – have been able to widen the gap between themselves and the impoverished regions of Belgium and Italy, also because they have played an important role in the expansion of the German economy, the strongest in the EU. Through an exclusive cooperation with the state Baden Württemberg, Catalonia and Lombardy have been able to expand their economic lead over more impoverished regions of Spain and Italy, which has spurred their respective regional elites to seek to halt their financial contributions for federal reallocations through greater autonomy or even secession. The consequences of deliberate cooperation – not with foreign nations – but only with prosperous regions, can be seen with Yugoslavia.
BERLIN/MADRID (Own report) – The escalating Catalan secessionist conflict is upsetting Spain, a country hard hit by Berlin’s austerity dictate. Spain – occasionally praised in German media as a showcase for an alleged successful austerity policy – is still confronted with enormous social and economic problems, in spite of a modest economic growth. Unemployment and poverty remain at high levels. Crisis policies over the past few years have also increased the economic gap between Spain and the euro zone’s centers of prosperity. One still cannot speak of debt reduction – the official objective of Germany’s austerity policy within the EU. The poor economic situation, the high debt burden level and the distribution of federal and regional debts are fueling Catalonia’s secessionist conflict.
The construction of the United States of Europe and its European Army is still in full motion with Germany’s Fourth Reich at the helm and France toeing the line. This is barely beginning to be noticed by a few people but has been discussed and tracked on Global Geopolitics since 2011.
Just two days after the Alternative for Germany (AfD) party won a larger-than-expected 13% of the vote in Germany’s federal elections over the weekend – dealing a staggering defeat to Chancellor Angela Merkel’s Christian Democrat-led coalition which suffered its worst electoral showing since 1949 – French President Emmanuel Macron delivered a lesson in contrasts when he gave what the Financial Times described as “the most integrationist speech by a French leader since the creation of the euro.”
Speaking to students at the Sorbonne in Paris, Macron said that “the challenge is vital: the sea walls behind which Europe has thrived have gone,” adding that “we need to trace the only path ensuring our future; it is the refoundation of a sovereign, united and democratic Europe.”
BERLIN (Own report) – With the Alternative for Germany (AfD), an extreme right wing party will enter the German Bundestag for the first time since the 1950s. With 13 percent of the vote, the AfD has successfully mobilized an extreme right-wing potential that, according to a sociological study, has always existed within the German population. All parties in the Bundestag openly repudiate the AfD. However, this only obscures the fact that the AfD’s program, particularly on the important issues of foreign and military policy, show remarkable parallels to the political objectives of almost all other parties in the Bundestag. Like the CDU/CSU, FDP, SPD and the Greens, the AfD sees Germany as a global “policy-making power,” whose armed forces should be massively upgraded and made more operational. Whereas, the mainstream parties in the Bundestag are relying on the EU as the instrument for German global policy, the AfD favors a national course for Germany exercising global power. This course would probably take effect should the EU disintegrate due to the growing internal dissentions or if more and more countries opt to exit.
Juncker wants a single EU president who campaigns in the 2019 elections (Photo: European Commission)
European Commission chief Jean-Claude Juncker outlined his post-Brexit vision for a confident EU in his state of the union address on Wednesday (14 September), speaking of a Europe that has bounced back from the economic downturn and regained the political ground from populists and eurosceptics.
Juncker, in his second to last state of the union speech, has argued for a more united and effective EU that is based on freedom, equality and the rule of law, and signalled that he wants all EU countries to become full eurozone and Schengen area members by 2019 – except those with opt-outs. Continue reading →