“Obama Is Destroying Europe”, “Dragging It Into A Crusade Against Russia” Says Former French PM

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While on the surface the European leaders of G-7 nations are all smiles in their photo-ops next to US president Barack Obama, there is an unmistakable tension and simmering resentment at the US for forcing Europe into America’s personal crusades.

Today, Europe is not independent… The US is drawing us [the EU] into a crusade against Russia, which contradicts the interests of Europe,” said the former French Prime Minister Fillon while the chief economist at Bremer Landesbank adds that as a result of US policies “unmeasurable damage lies in an elevated geopolitical risk situation for the people in the EU.” Continue reading

Leaked TISA Documents Reveal Privacy Threat

Under the draft provisions of the latest trade deal to be leaked by Wikileaks, countries could be barred from trying to control where their citizens’ personal data is held or whether it’s accessible from outside the country.

Wikileaks has released 17 documents relating to the Trade in Services Agreement (TISA), currently under negotiation between the US, the European Union and 23 other nations. These negotiating texts are supposed to remain secret for five years after TISA is finalized and brought into force. Continue reading

Vladimir Putin: oil price decline has been engineered by political forces

As slumping oil prices dampen Russia’s economic outlook, the country’s President has said that “at some moments of crisis it starts to feel like it is the politics that prevails in the pricing of energy resources”.

Recent tumbles in the value of oil on global markets have been the creation of politicians, Vladimir Putin, President of Russia, suggested on Thursday.

“The obvious reason for the decline in global oil prices is the slowdown in the rate of [global] economic growth which means consumption is being reduced in a whole range of countries”, Mr Putin said. Continue reading

Japanese strategist says Obama’s power is waning in Asia

Japanese business strategist Kenichi Ohmae said on April 29 that Taiwan may not benefit much from US president Barack Obama’s rebalancing strategy in the Asia-Pacific as Obama has less than two years left in office, and that the Trans-Pacific Partnership (TPP) could be a disaster. Continue reading

US and China: The Fight for Latin America

According to Robert Valencia, China is vying for greater economic influence in Latin America, to include possibly constructing and operating an alternative ‘Panama Canal’ through Nicaragua. One unanticipated consequence of this burgeoning US-China rivalry, Valencia observes, is that it might push Latin American countries closer together.

During the first weekend of June, U.S. President Barack Obama and Chinese President Xi Jinping met in California to discuss cyber espionage and territorial claims in the Pacific Rim. While tension on these topics has hogged the headlines, the fight for influence in another area could be even more important—Latin America. Other emerging markets in Africa, where China has an overwhelming influence due to foreign direct investment in mining and oil, also offer economic opportunities, but Latin America has an abundance of natural resources, greater purchasing power, and geographic proximity to the United States, which has long considered Latin America as its “backyard.” Continue reading