Is the European Union Dead?

 

Years of crises appear to provide a definite answer. But Bible prophecy answers differently.

There is no shortage of commentators predicting the demise of Project Europe. From the eurozone financial crisis to the refugee crisis, Europeans are becoming increasingly skeptical about the future of the European Union. Continue reading

NATO’s Nuclear Debate

BERLIN (Own report) – In view of the NATO Summit scheduled this year in Warsaw, the deployment of nuclear arms against Russia is being discussed within the German military and think-tanks. The Federal College for Security Studies (BAKS), for example, accuses Moscow of “neo-imperial aggression” against Eastern Europe and calls for a revival of the “nuclear deterrence” strategy. According to BAKS, the idea of a nuclear weapons-free world should be considered as “unrealistic” – after all, “disarmament is not the primary raison d’être of a nuclear weapon.” The government-affiliated German Institute for International and Security Affairs (SWP) sees it similarly, and opposes particularly a general ban on nuclear weapons, proposed by a United Nations working group. Such a “nuclear arms ban treaty” would be in contradiction to NATO’s role as a “nuclear alliance,” SWP claims. It would, however, be “conceivable” to strengthen the” linkage between conventional and nuclear capacities” and the “inclusion” of nuclear arms “in exercise scenarios.”

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ECB Prepares For Grexit, Anticipates 95% Loss On Greek Debt

 

Dear Greek readers: the writing is now on the wall, and it is in very clear 48-point, double bold, and underlined font: when the ECB “leaks” that it is modelling a Grexit, something Draghi lied about over and over in 2012 and directly in our face too, take it seriously, because it is time to start planning about what happens on “the day after.” And incidentally to all those curious what the fair value of peripheral European bonds is excluding ECB backstops, the ECB has a handy back of the envelope calculation: a 95% loss. Continue reading