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Keyword: europeanunion

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  • 'Lay down the red flag and serve France' Nicolas Sarkozy tells his country's militant unions

    05/01/2012 7:53:39 PM PDT · by bruinbirdman · 15 replies
    The Telegraph ^ | 5/1/2012 | Henry Samuel in Paris
    Nicolas Sarkozy told his country's militant unions to "lay down the red flag and serve France" yesterday as he used his final mass rally before Sunday's presidential vote to counter the traditional May Day show of force by the Left. Despite polls suggesting François Hollande is heading for a clear victory in Sunday's run-off, Mr Sarkozy gave a defiant performance in front of the Eiffel Tower, warning France of the consequences of voting for a Socialist presidency. Warning that the Left was stuck in an outdated class war that pits "workers against bosses", Mr Sarkozy told an estimated crowd of...
  • Salafists Attack German Police at Far-Right Rally

    05/01/2012 6:07:55 PM PDT · by DeaconBenjamin · 9 replies
    Radical Islamists attacked police in the western German city of Solingen on Tuesday in protest of a far-right demonstration where anti-Islamic cartoons had been put on display. Some 30 Salafists were arrested after injuring three police officers and a passerby by throwing stones and wielding poles from protest banners, police said. Pro NRW, categorized as an extremist right-wing group by Germany's domestic intelligence agency, had staged a demonstration near a Salafist mosque in Solingen. The violence erupted when Pro NRW demonstrators showed controversial cartoons of the Prophet Muhammad drawn by Danish cartoonist Kurt Westergaard. One of his drawings was among...
  • As Europe's Most Pathological Liar Departs, Questions About Europe's Band-Aid Union Reemerge

    05/01/2012 6:11:27 PM PDT · by Olog-hai
    Zero Hedge ^ | 04/30/2012 20:28 -0400 | Tyler Durden
    We doubt many tears will be shed over the now official departure of Europe's most embarrassing political figurehead: the head of the Euro-area finance ministers, one Jean-Claude Juncker, whose presence did more documented damage to the credibility of Europe than... well, we would say virtually anyone else, but then again since everyone else in the European pantheon is a shining example of DSM IV-level sociopathology, we are kinda stuck. But anyway: Juncker is finally gone; "he’s tired of Franco-German interference in managing the region’s debt crisis." And while the decision was known for a while, the ultimate catalyst is rather...
  • Is Europe Sailing on the Titanic?

    05/01/2012 2:34:38 AM PDT · by Kaslin · 10 replies
    Townhall.com ^ | May 1, 2012 | Pat Buchanan
    U.S. growth in the first quarter fell to 2.2 percent, a disappointment. But in Europe, that news would have caused general rejoicing. For consider the gathering crisis on the old continent. With negative growth now for six months, Britain has fallen back into recession. "I don't think we're anywhere near halfway through the eurozone crisis," said Prime Minister David Cameron this weekend. Romania's government fell last week. The Czech government barely survived a vote of no confidence. In the capital cities of both countries, tens of thousands have angrily protested the new austerity. The Dutch government also fell last week,...
  • EU: France's Francois Hollande and Germany's Angela Merkel clash over euro austerity pact

    04/27/2012 10:47:40 PM PDT · by bruinbirdman · 6 replies
    The Telegraph ^ | 4/27/2012 | Emma Rowley
    The growing gulf between France and Germany was underlined as the eurozone's two biggest economies clashed over tackling the debt crisis. It is "not for Germany to decide for the rest of Europe", said Francois Hollande, the frontrunner to replace Nicolas Sarkozy as French president. If elected, Mr Hollande says that he will not pass the fiscal austerity pact agreed by the leaders of 25 European nations, unless it contains measures to spur on growth. His stance puts him on a collision course with Angela Merkel, the German Chancellor. She hit back at the French Socialist candidate's plans, warning the...
  • EU: Monti takes on Merkozy

    01/13/2012 8:56:15 PM PST · by bruinbirdman · 5 replies
    Presseurop ^ | 1/12/2012
    Two days after French President Nicolas Sarkozy’s visit, Mario Monti traveled to Berlin on 11 January for discussions on saving the Eurozone with Angela Merkel. The Italian PM, who advocates a more flexible approach to the crisis, succeeded in obtaining the support of the German Chancellor. "I am demanding heavy sacrifices from Italians," Monti told Die Welt newspaper. "I can only do this if concrete advantages become visible." If not, he said, "a protest against Europe will develop in Italy, including against Germany, which is seen as the ringleader of EU intolerance, and against the European Central Bank." His words...
  • German president resigns in setback for Merkel

    02/17/2012 9:36:01 AM PST · by NormsRevenge · 1 replies · 2+ views
    Yahoo ^ | 2/17/12 | Noah Barkin and Madeline Chambers - Reuters
    ERLIN (Reuters) - Angela Merkel's hand-picked choice for the ceremonial post of president resigned Friday in a scandal over political favors, dealing a blow to the German chancellor in the midst of the euro zone debt crisis. In a curt five-minute statement at the Bellevue presidential palace, Christian Wulff acknowledged that he had lost the trust of the German people, making it impossible to continue in a role that is meant to serve as a moral compass for the nation. "For this reason it is no longer possible for me to exercise the office of president at home and abroad...
  • Unemployment in February Increases to 9%, Up From 8.6%; Underemployment Increases to 19%

    02/18/2012 7:14:24 AM PST · by Kaslin · 21 replies
    Townhall.com ^ | February 18, 2012 | Mike Shedlock
    The latest Gallup survey finds U.S. Unemployment Increases in Mid-February Gallup only polls those 18 and above while the official BLS number includes 16 and above. Given teenage unemployment, this would (or at least should) artificially lower unemployment numbers for Gallup. Yet, Gallup is higher, way higher, when one considers underemployment. The U.S. unemployment rate, as measured by Gallup without seasonal adjustment, is 9.0% in mid-February, up from 8.6% for January. The mid-month reading normally reflects what the U.S. government reports for the entire month, and is up from 8.3% in mid-January. US Unemployment Rate, Monthly Averages Gallup also finds...
  • EU: The crisis, golden opportunity for employers

    03/23/2012 11:50:32 PM PDT · by bruinbirdman · 2 replies · 1+ views
    Frankfurter Rundschau ^ | 3/23/2012 | Stephan Kaufmann
    Pressed hard by the recession and national debts, European governments are rewriting the labour law, whether watering down job protection or cutting wages cuts. And employers are smiling. by Stephan Kaufmann In Greece, Spain, Italy and Portugal, the crisis is raging. All of southern Europe has been laid low. All of southern Europe? Not exactly. Some people in these countries are seeing long-cherished wishes come true. One is Juan Rosell, head of the Spanish employers' organization CEOE, who has been calling for a relaxation of job protection for years. Now the government has heeded his call. “It won’t be the...
  • EU: Anti-austerity front grows in Europe

    03/01/2012 11:35:05 PM PST · by bruinbirdman · 2 replies · 31+ views
    Le Monde, Paris ^ | 1/1/2012 | Philippe Ricard
    The European Union Council, which begins on Thursday, is scheduled to sign the new fiscal compact. But at the same time, a dozen countries, led by Italy, are contesting the austerity policies imposed by "Merkozy" and calling for an economic stimulus package. French President Nicolas Sarkozy has given the pact minimal support, out of consideration for German Chancellor Angela Merkel. His Socialist opponent (in the up-coming presidential election) François Hollande has promised to renegotiate the accord if he wins the ballot. The Budget Pact is scheduled to be signed by 25 European heads of government on Friday, March 2, in...
  • German president Christian Wulff set to resign

    02/17/2012 5:39:32 AM PST · by Texas Fossil · 6 replies
    India Times (Economic Times) ^ | 17 Feb, 2012, 03.37PM | none stated
    BERLIN: Angela Merkel's hand-picked choice for the ceremonial post of president was expected to resign on Friday in a scandal over political favours, dealing a blow to the German chancellor in the midst of the euro zone crisis. Christian Wulff, who has been under fire for months, was to give a statement at 1000 GMT. Merkel abruptly postponed a trip to Rome where she was to hold talks with Italian Prime Minister Mario Monti, and scheduled a news conference for after Wulff speaks.
  • Italy and Spain call for eurozone rescue fund booster

    01/22/2012 8:49:35 PM PST · by bruinbirdman · 8 replies
    The Telegraph ^ | 1/22/2012 | Ambrose Evans-Pritchard
    Political leaders in Italy and Spain have called for a massive boost to the EU rescue fund and a blast of monetary stimulus by the European Central Bank (ECB), putting them on a collision course with Germany over the handling of the eurozone crisis. Italy's premier Mario Monti has told Berlin that the new European Stability Mechanism (ESM) must be doubled to €1 trillion (£828bn) to restore investor confidence in southern European debt, according to Der Spiegel. The move comes days after Mr Monti warned German Chancellor Angela Merkel that austerity fatigue is growing in the debtor states and there...
  • EU: Italy seeks boost to bail-out fund

    12/30/2011 8:39:38 PM PST · by bruinbirdman · 14 replies
    The Telegraph ^ | 12/30/2011 | Louise Armitstead
    Italian PM Mario Monti has pleaded for the eurozone to expand its "big bazooka" bail-out fund as an expensive Italian bond auction suggested that even last week's flood of cheap loans from the European Central Bank (ECB) has failed to stem the crisis. The Italian prime minister used his end of year press conference to warn that indebted countries will be "in difficulty" unless the European Financial Stability Facility (EFSF) is boosted with "significantly greater" firepower. Italy raised €7bn (£5.9bn) in the first big test of the bond markets since the ECB opened its doors with €489bn of cheap loans...
  • A SWIFT Denial - How In Europe, Even Admission Of A "Plan B" Is Equivalent To Failure

    12/27/2011 10:41:47 AM PST · by Mariner · 15 replies
    Zerohedge ^ | 12/25/2011 | Tyler Durden
    While we have long known that the drachma, and recently the lira, have seen significant "when issued" interest by institutional clients desiring to hedge their currency collapse exposure, and thus early markets by various trading desks, little did we realize just how destabilizing this fact to the system would be, at least according to SWIFT. According to the WSJ, this organization, best known for making an abrupt appearance any time one wishes to do a wire transfer, then promptly disappearing until the next such instance, ended up promptly shutting down any Plan B optionality when "at least two global banks...
  • The EU's 'techno party' is hollowing out democracy

    11/30/2011 7:03:05 PM PST · by Olog-hai · 3 replies
    EU Observer ^ | 30.11.11 @ 12:56 | Leigh Phillips
    Not everybody's into techno music. Some folks are a little bit country; others a little bit rock and roll. But under what one Brussels wag recently called the EU's 'techno-party' strategy—replacing elected representatives with technocrats and an end to consideration of fiscal policies by parliaments in favor of fiat by civil-servant 'experts'—nobody has any choice any more about what kind of music they want to listen to. Economic policies will be decided for them, by the experts, by, if you will, those bangin' bureaucrat and banker DJs in Brussels and Frankfurt. … But technocracy is not to be limited to...
  • ECB Expected to Unleash QE after Launching of Euro-Bonds

    11/30/2011 6:02:29 AM PST · by Diana in Wisconsin · 16 replies
    321Gold.com ^ | November 30, 2011 | Gary Dorsh
    Hardly a week goes by, without a major summit between German Chancellor Angela Merkel and French President Nicolas Sarkozy, trying to devise another clever scheme to save the Euro. Yet after 1-½ years of trying to contain the wildfire, - the Euro-zone’s debt crisis is more dangerous than ever. The collapse of Greece’s €360-billion bond market, now trading at 26% of face value, has triggered contagion sales from periphery of the Euro-zone - Greece, Ireland and Portugal, and into the next upper tier of the Euro-zone, namely, the bond markets of Spain and Italy, which together owe €3-trillion of debt....
  • Britain's Foreign Office Prepares For Riots In Europe. Sees Euro Collapse "When, Not If"

    11/26/2011 1:40:29 PM PST · by SeekAndFind · 43 replies
    Zero Hedge ^ | 11/26/2011 | Tyler Durden
    As every major developed economy hits Bass's Keynesian Endgame, the status quo is set to change dramatically. Nowhere is this climax playing out louder than in Europe and the implicit solution of Germany-uber-alles (while seemingly inevitable though nevertheless lengthy in execution) is likely to not sit well with many of the EMU nations. To wit, The Telegraph today reports that Britain's Foreign Office is advising its overseas embassies to draw up plans to help expats should the collapse of the Euro turn explosive. Almost incredibly, a senior minister has revealed that Britain is now planning on the basis that a...
  • Woman who lost Ark. lotto ticket entitled to $1M

    05/01/2012 5:32:39 PM PDT · by Free ThinkerNY · 29 replies
    Associated Press ^ | May 1, 2012 | CHUCK BARTELS
    SEARCY, Ark. (AP) -- An Arkansas woman who cashed $1 million lottery ticket may have to give up the winnings to a woman who threw away the ticket after she bought it. A judge ruled Tuesday that Sharon Duncan is entitled to the prize money, not Sharon Jones, who claimed the prize money after she took it from a trash can of discarded lottery tickets at a convenience store in Beebe.
  • Italy sides with Germany against eurobonds

    11/25/2011 10:45:45 AM PST · by Olog-hai · 10 replies
    EU Observer ^ | 25.11.2011 @ 09:28 | Leigh Phillips
    At Italy's first invitation for an audience before the Franco-German duo that powers European decision-making, Prime Minister Mario Monti made it clear that he backs the German position on eurobonds. Meanwhile, little advanced at the meeting of the EU triumvirate, with Germany refusing to discuss whether the European Central Bank (ECB) should intervene more robustly to defend the eurozone. … It was the first time an Italian leader had been welcomed into the Franco-German tent, although little emerged on Thursday apart from an announcement from Sarkozy that Paris and Berlin will propose their own modifications to the EU treaties. "We...
  • Germany unmoved by French pleas for more ECB action

    11/24/2011 10:56:50 PM PST · by bruinbirdman · 57 replies
    The Telegraph ^ | 11/24/2011 | Louise Armitstead
    French appeals for Germany to sanction extra powers for the European Central Bank have been firmly rejected, despite warnings from politicians, economists and even the Vatican that it is the only way of "averting a catastrophe". Italian premier Mario Monti (right) pledged to balance the budget by 2013 - but failed to prevent the country's 10-year bonds from closing in the danger zone again at 7.13pc Angela Merkel was unmoved by another roller-coaster day that saw Portuguese debt being downgraded to junk status, Italian bond yields pushed into the bail-out zone, and doubts cast over France's AAA rating: the German...