Ahead of Greece’s referendum on a bailout plan in early July, EU decision makers, including Eurogroup Chairman Jeroen Dijsselbloem, warned a “no” vote might lead to Greece’s exit from the Euro. After Greece’s overwhelming “no”,…
Category: EU
The major financial problem tearing economies apart over the past century has lain more with official inter-governmental debt than with private-sector debt. That is why the global economy today faces a similar breakdown to 1929-31, when it became apparent that the volume of official inter-government debts could not be paid. The Versailles Treaty had imposed impossibly high reparations demands on Germany, and the United States imposed equally destructive demands on the Allies to use their reparations receipts to pay World War I arms debts to the U.S. Government.
One notable consequence of the Ukraine conflict and the ongoing confrontational stand-off between the West and Russia is the dramatic surge in military spending among several European countries. However, this unprecedented militarisation of economies across…
On the 25th of January, dignity was restored to the people of Greece. In the five months that intervened since then, we became the first government that dared raise its voice, speaking on behalf of…
Today is a day of celebration because democracy is a cause to celebrate, to be joyful. And when democracy conquers fear and blackmail, then it also leads to redemption, and a way forward. Today, the Greek people send a very powerful message. A message of dignity, of determination. A message that they are taking control of their choices. Many may try to ignore the will of a government. But no one can ignore the will of a people who are seeking to live with dignity, to live life on their own terms. Today, democracy trumps fear. Our people’s determination trumps fear. I am confident that tomorrow we will set a new course for all the peoples of Europe. One that will return us to Europe’s founding values of democracy and solidarity, and will send a strong message that we are determined to not only to remain in Europe but to also live with dignity in Europe. To prosper, to work as equals among equals.
Russia: Tit for Tat Hail, fire and brimstone, new sanctions or the US tanks on its borders, Russia takes things in stride. President Putin could adopt the motto of William of Orange: saevis tranquillus in undis, calm amidst the tempest. The tempest is all around. American tanks moved into the Baltic states. American warships sail up the Black sea. The EU sanctions against Russia were extended for another six months. Russian assets were seized in France and Belgium. In Syria, Damascus is threatened by the US-armed rebels. Greece wants to embrace Russia, but probably will not dare. Armenia, a small country hidden between Iran and Turkey, just joined the Eurasian Union of Russia-led states, and already there are public disturbances ominously reminding everyone of Kiev 2013. Ukraine is in shambles, sending waves of refugees to Russia. A weaker nation would become hysterical. Putin and Russia remain nonplussed.
Prof. Anis H. Bajrektarevic recently launched a book titled, “Europe of Sarajevo 100 Years Later: From WWI to www.” Only Prof. Anis, I think, can write a book of that title, just as he’s the…
View article at original source. The price of China’s yuan manipulation: American jobs Last month the I.M.F. announced that China was no longer managing its currency. The basis for this claim is that China’s central…
This is a test. Will the internationalist banksters force extraction of their ill-gotten interest payments to bail out their reckless derivative trades gone wrong, or will a sovereign country abandon the chains of financial elite…
The World Federation of Trade Unions (WFTU) expresses its international Solidarity with the Working Class and the People of Greece who suffer under difficult conditions because: – The last days thousands of workers have been…