Russia’s Real Endgame

 

Russia’s Putin has never taken his eye off the ball. His ambition is not global hegemony or European conquest. Putin seeks what Russia has always sought: regional hegemony and a set of buffer states in eastern Europe and central Asia that can add to Russia’s strategic depth.

It is strategic depth — the capacity to suffer massive invasions and still survive due to an ability to retreat to a core position and stretch enemy supply lines — that enabled Russia to defeat both Napoleon and Hitler. Putin also wants the modicum of respect that would normally accompany that geostrategic goal.

Understanding Putin is not much more complicated than that. Continue reading

Germany and France Unveil New Plans for a European Military

German Chancellor Angela Merkel (L) and French President Emmanuel Macron deliver a joint press conference at the Elysee Palace in Paris on July 13, 2017, during an annual Franco-German Summit. (PATRICK KOVARIK/AFP/GETTY IMAGES)

 

The two nations announce plans for a new fighter jet, a new fighting force in Africa, and a new push for a eurozone superstate.

On July 13, Germany and France held their first joint cabinet meeting since France’s presidential election, and the two leading European countries announced some eye-catching new military projects.

This was the first such meeting since Emmanuel Macron won the presidential election on May 7. Since then, there has been much talk of a new era of Franco-German cooperation. On Thursday, the pressure was on to demonstrate results. Continue reading

Europhile Macron admits Germany thrives on weakness of other ‘dysfunctional’ EU economies

Angela Merkel and Emmanuel Macron

Macron said the German economy was competitive because of the weakness of others [GETTY]

 

THE EU is “incomplete” and will struggle to reform unless Germany releases it’s strangle–hold on the euro zone’s economy, Emmanuel Macron has suggested.

The French president claimed the powerful German economy thrived from the “weakness” and dysfunction of others.

Mr Macron said: “I have never reproached Germany for being competitive. But a part of German competitiveness is due to the dysfunctionalities of the euro zone, and the weakness of other economies. Continue reading

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

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

Draghi Says Anyone Leaving the EU Must Pay But EU Will Not Refund Surpluses

 

In the Netherlands, the Forum For Democracy leader Thierry Baudet confronted Mario Draghi of the ECB asking that since he had said anyone leaving must pay the ECB and exit fee of whatever they owe, he said the Netherlands had €100bn surplus at the ECB they should get back is. Mario Draghi stated bluntly, NO! In other words,  the view at the ECB is what is yours is their’s and what is theirs is theirs.  We have put together a very important report on the Euro covering all the issues and why it is really doomed. Continue reading

German finance minister jumps on Macron to demand great EU integration and economic reform

Finance minister Wolfgang Schauble will discuss boosting the Eurozone with the new French government

Finance minister Wolfgang Schauble will discuss boosting the Eurozone with the new French government [GETTY]

 

GERMANY is to urge Emmanuel Macron to push for more EU integration and a stronger Europe.

Incoming French president Emmanuel Macron has already spoken with German Chancellor Angela Merkel on the phone as she heralded his win a victory for a “united Europe”.

Mr Macron plans to visit Berlin shortly with German ministers poised to use the new French government to strengthen the eurozone.  Continue reading

Macron’s Victory May Be Disaster for Merkel

 

Angela Merkel was the first phone Emmanuel Macron made after the election.  My point about the election for Macron was the worst possible outcome for the Euro was not just reflected in yesterday’s outside reversal to the downside. Merkel has already made it clear that she will not relax  Eurozone spending rules to help Macron. The defeat of Le Pen has sealed the fate of Europe because there will be no reflection upon how to reform the EU to save Europe. Continue reading

Is France About to Destroy the EU?

With the Geert Wilders loss in the Netherlands, we saw the nationalist movement hit the brakes. If Le Pen loses the election in France, everything will be reversed and the German-dominated EU will continue it’s forced integration of member nations, further subjugation and removal of national sovereignty across the board.

Jean-Luc Melenchon (SEBASTIEN BOZON/AFP/GETTY IMAGES)

 

France’s most popular politician believes the ‘German Empire is back’—and that it must be confronted.

France now has two leading presidential candidates that view the European Union as a German empire and want it destroyed. Between them, they have the support of over 40 percent of the voters.

The far right’s Marine Le Pen is tied with the moderate Emmanuel Macron for first place, holding 24 percent of the vote, according to an Ipsos poll. But speeding into third place with 18.5 percent is the far-left Jean-Luc Mélenchon.

With the first round of the election scheduled for April 23, Mélenchon received a major boost after a strong debate performance on April 4. Another poll found Mélenchon was France’s most popular politician, with 68 percent saying they had a favorable opinion of him. Continue reading

The world economy can’t handle even one US rate hike, strategist Sri-Kumar says

Please see the source for the video.

 

Even one small interest rate increase by the Fed could have a sweeping impact on U.S. and world economies, Komal Sri-Kumar told CNBC on Monday.

“I think they are going to hike” on March 15, Sri-Kumar said on “Squawk Box,” echoing a theory shared by many analysts. “But that is going to prompt capital outflows from the euro zone, especially with the political risk. It is going to increase the capital outflow from China, and the U.S. economy will feel the impact.”

These moves would strengthen the dollar against other currencies, putting downward pressure on the euro, said Sri-Kumar, president of Sri-Kumar Global Strategies. Continue reading

Germany to Be a Bigger Military Power Than Russia

Caption: Bundeswehr soldiers (CHRISTOF STACHE/AFP/Getty Images)

 

Even a modest boost to German defense spending means radical changes to the world order.

Germany will boost the size of its military to nearly 200,000, hiring an additional 20,000 soldiers by 2024, Defense Minister Ursula von der Leyen announced on February 21.

Germany had already announced plans to increase its army to 193,000 by 2023, so this is merely an incremental increase compared to earlier plans. However, it does confirm the radical change in direction for Germany. Its army had shrunk to a low of 166,500 last June and has only just begun turning around. Now, each new announcement about the German military is an increase. Continue reading

Greek Gov’t is 40% of GDP

 

QUESTION:  Hello, I do not understand what Martin say about the fact that the Greek debt doubled when it changed into euro. Indeed, if the currency is twice the value of the old one then all your debt will double as Martin said. However all your assets will double in value too. So it is the same situation as before. I may miss something, could you please explain me what I am missing? Continue reading

Germany’s Identity Crisis Leading to the Rise of the Far Right

Caption: (iStock.com/franckreporter )

 

In a world of uncertainty and crisis, Germany needs a lot of things: A strong leader. A stronger military. Stronger borders. A stable eurozone economy. But there is something else German’s are crying out for: an identity.

In “Germany’s Taboos, Once a Bulwark Against the Far Right, May Now Be Enabling It,” the New York Times wrote:

Since World War II, trying to define the German national identity, much less celebrate it, has been taboo. Doing so was seen as a possible step toward the kind of nationalism that once enabled the Nazi regime. Flags were frowned upon, as was standing for the national anthem.

But spurred by a sense of lost control over the country’s borders, economy and politics, many Germans are reaching for a shared identity but finding only an empty space. Continue reading