Lega’s Salvini: Euro is wrong currency, we are working on Plan B

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The Leader of Italy’s Eurosceptic, anti-mass migration Lega party has hit out at the Euro single currency once more, insisting that a government he led would ignore EU rules on it. 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

Poland will never join a ‘burning’ eurozone, says central bank governor

Marek Belka says country remains reluctant to join the euro, as he warns that world is running out of ammunition to fight the next financial crisis

Poland will not join the euro while the bloc remains in danger of “burning”, its central bank governor said.

Marek Belka, who has also served as the country’s prime minister, said the turmoil in Greece had weakened confidence in the single currency.

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You Can Check-In for the Euro but You Can Never Leave

Although turbulent, you’re looking at the next superpower in a post-American world. Through the chaos, and as done with Cyprus, economic leverage is hammered into member states. Greece is only the next to fall in line. It was by design that the system would fail to shore everything up and create a United States of Europe.

The development of the EU Army is underway and not far behind. In a bigger picture perspective, not too many realize that it’s Germany pulling the strings via its Troika instrument. Some see the Troika, but not who’s behind it. The Fourth Reich has landed.

 

German Finance Minister Wolfgang Schäuble explained on Tuesday that Greece will remain in the euro, no matter how the referendum ends on Sunday. Two years ago, Mario Draghi commented on the continued existence of the euro by saying that the single currency was just irreversible. Angela Merkel delivered a very cold speech stating there are no known proposals that could lead to a common solution to the crisis. The USA position is of course that they want Greece to remain in the euro solely based upon NATO. Then there is the issue of throwing out Greece’s Finance Minister Yanis Varoufakis from any meeting. Why expel a finance minister? The reason may lie in a hidden scheme. Continue reading

Russia’s Putin calls for regional currency union

(Reuters) – Russian President Vladimir Putin proposed on Friday creating a regional currency union with Belarus and Kazakhstan, Russia’s main partners in a union of ex-Soviet states facing growing economic challenges.

Putin made his proposal at a meeting with the Belarussian and Kazakh presidents, who did not respond in public but have been lukewarm about such proposals.

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The Changing Face of European Politics?

Twenty-eight ‘member nations’ of the European Union will vote for European Parliament representatives that hold no real power. Essentially, as in Russia and today’s America, people go to the poll centers because they’re purposely mislead to believe into thinking that they are part of some sort of democratic process. If they’re physically there, it sinks into their minds as such, which fulfills the aim. As with America, it’s another story. It’s yet to fully evolve into what Russia has become, which is to say all candidates from all parties are in the same party, but it’s roughly 85% there.

You say to yourself: “What can I do?” Nothing, because you don’t live in a participatory Democracy. That’s the absolute truth. You’ve had your fun. You went to the polls in November — and that was your fun. That was what you’re allowed. Every two years you’re allowed to have your fun and think that you have some impact among politicians who will still never listen to you nor represent your interests, but you don’t. You change the window dressing.

Does it sound skeptical or cynical? Only for those who aren’t paying attention, just like we’re seeing in Europe now. They’re blind to see all roads leading to Berlin — the center of rising The Fourth Reich — attempting to ‘mix iron with clay’ as the United States of Europe is the end goal.

 

Imagine if you will, that the U.S., Canada and Mexico signed up to what citizens believed was simply a new trade deal.

A few decades later, you are shocked to discover that a vast amount of laws affecting your life aren’t made by your elected officials in Washington, but in a new multi-million dollar Parliament Building in Ottawa, Canada.

When you ask the officials there what precisely is going on, they answer that the plan all along was to merge the U.S., Canada and Mexico into a single nation, with a single flag, anthem and currency.

If this scenario sounds bizarre, in Europe that is precisely what has taken place. Continue reading

No backing down: Germany comes out swinging over claims it is the neighbourhood bully

Given all the Germany-bashing over the last week, in the wake of the Cyprus bailout deal (some of it completely ridiculous), it’s easy to forget that the Germans themselves are remarkably united over the agreement. In fact, the feeling is that Germany, collectively, just got a fair bit more assertive over its eurozone policy.

On Friday, before a new agreement was finally reached and with Cyprus’ euro membership on the line, German Chancellor Angela Merkel – reportedly in an angry mood – told MPs from her coalition parties that it was wrong for Cyprus to “test” Europe and that while she preferred to see to see Cyprus stay in the single currency but was prepared for an exit. Continue reading

Cyprus bail-out: savers will be raided to save euro in future crises, says eurozone chief

If it can happen in Cyprus, it can happen across more European nations as the EU and its ‘troika’ set a precedent by changing its own rules. What’s more is that if it can happen in Europe, it can happen in the United States.

Savings accounts in Spain, Italy and other European countries will be raided if needed to preserve Europe’s single currency by propping up failing banks, a senior eurozone official has announced.

The euro fell on global markets after Jeroen Dijsselbloem, the Dutch chairman of the eurozone, announced that the heavy losses inflicted on depositors in Cyprus would be the template for future banking crises across Europe. Continue reading

Europe’s dream of toppling dollar fades as Asian Tigers dump euro

The share of euros in the world’s rising powers’ reserve holdings has fallen to its lowest level since 2002, dashing hopes that the single currency will soon challenge the US dollar for global primacy.

“There aren’t many places to go in this ‘ugly contest’ if you don’t like the euro, dollar or yen,” said HSBC’s David Bloom. Continue reading

Euro blueprint gives Brussels economic sovereignty over members

Eurozone countries would lose the right to set their own budgets and end up surrendering economic sovereignty to Brussels under a blueprint to “complete” the European Union’s single currency.

A masterplan for “completion of economic and monetary union” has been set out in a confidential document to be discussed by EU leaders at a Brussels summit next week.

In the nine-page paper, seen by The Daily Telegraph, Herman Van Rompuy, the president of the European Council – the monthly summits of EU leaders – charts a series of steps from ongoing financial reforms to overall political union for the eurozone. “The general objective will be to aim for a progressive pooling of economic sovereignty at the European level,” the paper states. Continue reading