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Keyword: eu

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  • Durban (South Africa Climate Summit) : what the media are not telling you

    12/09/2011 10:42:30 PM PST · by Enchante · 32 replies
    Watts Up With That ^ | December 9, 2011 | Christopher Monckton
    A new International Climate Court will have the power to compel Western nations to pay ever-larger sums to third-world countries in the name of making reparation for supposed “climate debt”. The Court will have no power over third-world countries. Here and throughout the draft, the West is the sole target. “The process” is now irredeemably anti-Western. Ø “Rights of Mother Earth”: The draft, which seems to have been written by feeble-minded green activists and environmental extremists, talks of “The recognition and defence of the rights of Mother Earth to ensure harmony between humanity and nature”
  • The Swiss Government Is Getting Ready For The Collapse Of The Euro

    12/09/2011 5:56:13 PM PST · by SeekAndFind · 15 replies
    Business Insider ^ | 12/09/2011 | Wolf Richter
    The Swiss government is preparing for a collapse of the euro, according to Swiss Finance Minister Eveline Widmer-Schlumpf. She told parliament that a work group was studying the imposition of capital controls and negative interest rates to protect Switzerland from the capital flight that a euro collapse would engender (Handelsblatt). A tidal wave of euros would drive up the Swiss franc, devastate Switzerland’s export economy, and devalue its vast wealth invested in other countries. Already in August, the Swiss National Bank instituted a currency peg and swore to defend it by acquiring “unlimited” amounts of euros, a risky strategy if...
  • US Should Not Participate in $1.4 Trillion European Bailout Fund

    12/09/2011 8:50:45 AM PST · by IbJensen · 8 replies · 1+ views
    Right Side News ^ | 9 December 2011 | Cathy McMorris Rogers
    Rep. Cathy McMorris Rodgers (WA-05) and Sen. Jim DeMint (R-SC) Dec 8 - With the European debt crisis dominating the news and threatening to pull the world into a double-dip recession, there are growing calls for Uncle Sam to come to the rescue. The U.S. is already committing untold billions to the $1.4 trillion European bailout fund, but that's not enough, according to some European leaders and even U.S. politicians. They say that while the EU bailout is costly, it's also necessary. They are only right about the cost. These endless bailouts are not only unnecessary, but are in fact...
  • Jim DeMint: How the U.S. Can Help Europe: Just Say No

    12/09/2011 6:57:22 AM PST · by SeekAndFind · 20 replies
    Wall Street Journal ^ | 12/09/2011 | Jim DeMint
    If the United States wants to help Europe find a way out of its current debt crisis, we must be a strong, world economic leader, not merely the lender of last resort. American taxpayers sent $40 billion to Greece last year, through the International Monetary Fund, to stave off an economic collapse. But the bailout did not prevent Greece's day of fiscal reckoning. It only delayed it. Austerity measures are still needed throughout Europe's socialized economy and the debt contagion has not been stopped. Financial chaos has spread from Greece to Ireland, Portugal, Italy and Spain, and it now threatens...
  • Let’s open the door to the European Union

    12/07/2011 6:18:27 AM PST · by bremmer · 2 replies
    Euronewsweek international ^ | 7.12.2011 | Bremmer
    With the euro zone crisis still dominating headlines, developments in the European Union's eastern neighborhood are perhaps not drawing as much attention as they deserve. Ukraine has had to be content with being part of the EU's European Neighborhood Policy (ENP) and Eastern Partnership and been given a “to-do-list”, which, over time seems to become longer and more difficult. Being situated at the heart of Europe, Ukraine is without doubt a bona fide European state. Kiev has craved closer ties with the EU, but progress has been slow, because the EU has preferred to keep the country at arm's length....
  • EU: Half of Europeans say Islam is a religion of intolerance

    12/06/2011 8:26:01 AM PST · by bayouranger · 14 replies ^ | 12-01-11 | Islam in Europe
    The Friedrich-Ebert-Foundation published a study on intolerance and prejudice in Europe. The study "Intolerance, Prejudice and Discrimination" is available in German and English. I bring below the section relating to Muslims. Via FES (h/t After statistical testing, three statements were used to produce the anti-Muslim attitudes mean scale (Table 7, items 18 to 20). These cover the general impression that there are too many Muslims in the country, the charge that Muslims make too many demands, and broad-brush criticism of Islam as a religion of intolerance. Four further statements were surveyed in a random half of the sample. These...
  • The solution for the Eurozone debt crisis is simple (But no one wants to try it)

    12/06/2011 6:58:12 AM PST · by SeekAndFind · 5 replies
    Calafia Beach Pndit ^ | 12/06/2011 | Scott Grannis
    There was some excitement today over the announcement that Merkel and Sarkozy have decided that the European Union treaty needs to be rewritten to include sanctions on countries that exceed the 3% debt/GDP limit that they all agreed to way back when the EU was first established. The problem with this "solution" is that the mechanism for enforcing sanctions is a deeply flawed concept. The best, and probably the only way to impose real sanctions on governments who spend and borrow too much is to let the market do it. When the yield on your bonds starts to skyrocket, you...
  • Report: S&P to place ALL 17 Euro nations on downgrade warning

    12/05/2011 1:53:56 PM PST · by SeekAndFind · 7 replies
    Hotair ^ | 12/05/2011 | Tina Korbe
    Ahead of a planned summit of European Union leaders, the credit rating agency Standard & Poor’s has put all 17 Euro nations on review for a credit downgrade, which means France and Germany could lose the pristine AAA ratings they presently enjoy, Bloomberg News is reporting. The euro area’s six AAA rated countries are among the nations to be placed on a negative outlook pending the result of a summit of European Union leaders on Dec. 9, the people said today on condition of anonymity because the decision has yet to be announced. The euro reversed its gains and U.S. Treasuries rose...
  • Joe Biden "Jokes" About Bringing Hundreds Of Millions Of US Taxpayer Dollars To Bail out Greece

    12/05/2011 11:50:30 AM PST · by SeekAndFind · 8 replies
    Zero Hedge ^ | 12/05/2011 | Tyler Durden
    Vice President Joe Biden, now best known for being the man who relies primarily on Jon Corzine for financial advice, continued his recent roll of epic linguistic blunders this morning. As Reuters reports, the VP, "joked during a visit to debt-choked Athens on Monday about bringing money to help Greece out of its deepest financial crisis in decades. Introducing a member of his delegation during a meeting with Greek President Karolos Papoulias, Biden said: "This man represents the Treasury department. He's brought hundreds of millions of dollars." His comments drew laughs from both the Greek and U.S. delegations." It...
  • The Gathering Storm (video)

    12/05/2011 8:09:20 AM PST · by combat_boots · 5 replies
    YouTube via Trevor Loudon ^ | 12/4/2011 | Pat Condell (?)
    (Wake up, Europe, and smell the treachery. Video by Pat Condell, I think.)
  • Contagion Catastrophe: Europe is closer than you think to bringing down the American Economy

    12/02/2011 9:02:26 AM PST · by SeekAndFind · 19 replies
    National Journal ^ | 12/02/2011 | By Jim Tankersley
    This is the worst-case scenario from Europe, and it just might come true: Italy defaults on its debts. Every major Italian bank collapses. Recession grips the eurozone. Sovereign defaults and bank failures ripple across the Continent. Saddled with bad loans to nations and lenders in Europe, American banks hemorrhage cash. Credit freezes in the United States. Multinational companies, unable to raise money, curb U.S. investment and hiring. Wall Street demands, but fails to get, new bailouts. The entire developed world plummets into recession and, quite possibly, depression. This, in contrast, is the placid warning that President Obama gave Americans about...
  • Fed saves Europe's banks as ECB stands pat

    12/01/2011 7:33:37 AM PST · by Pan_Yan · 6 replies
    Telegraph ^ | 9:01PM GMT 30 Nov 2011 | Ambrose Evans-Pritchard
    Stripped to essentials, America is once again having to rescue Europe from itself. The interwoven banking and sovereign debt crisis in the eurozone has become so dangerous for the world that the US Federal Reserve has been forced to take emergency action, acting as global lender of last resort to shore up Europe's banking system. That it should have to do so as Germany and the European Central Bank hold back for legal reasons and refuse to commit decisive power adds a strange diplomatic twist. The move came once it was clear that Europe's prostrate banks would struggle to roll...
  • Fed Leads Other Central Banks In Applying Band-Aid (Printing money won't help EU's problems)

    12/01/2011 6:29:25 AM PST · by SeekAndFind · 6 replies
    Debt Crisis: Led by the Fed, top central banks added dollars to the global financial system on Wednesday as Europe's crisis deepened. We hate to rain on anyone's parade, but this won't solve the EU's problems. The central banks' bold action, though met with wild enthusiasm by financial markets, amounts to little more than a multibillion dollar Band-Aid on a deep, dangerous wound. It also turns the U.S. Federal Reserve into Europe's lender of last resort — a dangerous precedent, and something we don't recall American voters approving, though they'll certainly pay up if it fails. Obviously the Fed, worried...
  • U.N. Climate Conference's Goal? One-World Gov't

    11/30/2011 3:48:40 PM PST · by opentalk · 13 replies
    IBD ^ | November 29, 2011 | PHYLLIS SCHLAFLY
    The United Nations Climate Change Conference in Durban, South Africa, opening on Nov. 28, called COP-17, is one of a series of U.N. meetings working toward a specific goal. Advertising for this meeting features a long list of celebrities, including Angelina Jolie, U2's Bono, Ted Turner, Arnold Schwarzenegger, Al Gore and Michael Bloomberg. The U.N. goal is to move the United States into a global government by environmental regulations and a vast network of taxes. These newly imposed taxes will give the U.N. a tremendous stream of money in addition to U.S. dues and congressional appropriations.The plan for taxes was...

    11/30/2011 7:12:04 AM PST · by SeekAndFind · 22 replies
    Business Insider ^ | 11/30/2011 | Joe Weisenthal
    All the world's central banks have just announced a big coordinated intervention to lower swap rates. What does that mean? Basically this: European banks have been parched for liquidity, and need access to dollars. The ECB can't supply them dollars unless it borrows them from the Fed. Essentially today's action makes it easier for the ECB and thus European banks to borrow dollars. It's not a solution to the euro crisis by any means; it just means that the most acute liquidity problems will be mitigated for now. The market is loving the news. US markets had been down by...
  • EU Threatens Tiny Switzerland Over Low Taxes

    11/29/2011 12:53:32 PM PST · by Mikey_1962 · 27 replies
    New American ^ | 11/29/11 | Alex Newman
    Despite not being a member of the European Union, Switzerland is under intense pressure from Brussels to raise taxes as companies flee high-tax EU welfare states in favor of more business-friendly Swiss cantons. And if the nation refuses to bow down soon, so-called “eurocrats” are threatening retaliation. The Swiss government has been in discussions with EU bosses for over a year regarding Switzerland’s non-compliance with the “EU Code of Conduct for Business Taxation.” The EU’s goal, according to the Swiss Broadcasting Corporation, is to eliminate what the supranational regime in Brussels calls “harmful tax practices” — low taxes which attract...
  • Obama ready to help EU with debt crisis

    11/28/2011 7:57:03 PM PST · by bruinbirdman · 36 replies · 1+ views
    Straits Times ^ | 11/29/2011
    President Barack Obama said the United States was ready to help Europe solve its fiscal problems on Monday, following a summit with European Union leaders dominated by the euro zone crisis. 'The United States stands ready to do our part to help them resolve this issue,' Mr Obama said after hosting EU representatives at the White House, stressing the potential for a European fiscal disaster to crash upon US shores. 'This is of huge importance to our economy. If Europe is contracting, or if Europe is having difficulties, then it's much more difficult for us to create good jobs here...
  • EU threatens tiny Switzerland over low taxes

    11/28/2011 10:43:23 PM PST · by ReformationFan · 19 replies
    The New American ^ | 11-28-11 | Alex Newman
    Despite not being a member of the European Union, Switzerland is under intense pressure from Brussels to raise taxes as companies flee high-tax EU welfare states in favor of more business-friendly Swiss cantons. And if the nation refuses to bow down soon, so-called “eurocrats” are threatening retaliation. The Swiss government has been in discussions with EU bosses for over a year regarding Switzerland’s non-compliance with the “EU Code of Conduct for Business Taxation.” The EU’s goal, according to the Swiss Broadcasting Corporation, is to eliminate what the supranational regime in Brussels calls “harmful tax practices” — low taxes which attract...
  • Is Obama Going to Bail Out Europe?

    I just saw these headlines on Zerohedge, which came from their Bloomberg terminal: OBAMA SAYS U.S. `READY TO DO OUR PART' TO RESOLVE EURO CRISIS. - BBG OBAMA SAYS SOLVING EURO CRISIS OF `HUGE IMPORTANCE' TO U.S. - BBGIt's hard to actually write a cogent critique of this as this is just such a horrible idea, it practically renders me speechless. What exactly is our part? Are we part of the Euro? Wasn't the Euro created in part to be a competitor to the supremacy of the US Dollar? So isn't it partly in our interest, in order to keep...
  • The eurozone really has only days to avoid collapse

    11/28/2011 7:42:21 AM PST · by SeekAndFind · 31 replies · 1+ views
    Financial Times ^ | 11/28/2011 | Wolfgang Münchau
    In virtually all the debates about the eurozone I have been engaged in, someone usually makes the point that it is only when things get bad enough, the politicians finally act – eurobond, debt monetisation, quantitative easing, whatever. I am not so sure. The argument ignores the problem of acute collective action. Last week, the crisis reached a new qualitative stage. With the spectacular flop of the German bond auction and the alarming rise in short-term rates in Spain and Italy, the government bond market across the eurozone has ceased to function. The banking sector, too, is broken. Important parts...