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Keyword: nicolassarkozy

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  • Nicolas Sarkozy vows to 'electronically tag' all 11,500 people France's extremist watch list...

    11/16/2015 8:46:55 AM PST · by TigerLikesRooster · 37 replies
    Daily Mail ^ | November 15, 2015 | Darren Boyle
    Nicolas Sarkozy vows to 'electronically tag' all 11,500 people France's extremist watch list: Former president promises tough line if returned to the Elysée Former President Nicolas Sarkozy met with Francois Hollande earlier He said he would 'expel forcibly' all extremist Imams preaching hatred Sarkozy also vowed to jail any Jihadis who return to France from Syria He also said he would deport any violent extremists with dual nationality By Darren Boyle for MailOnline Published: 23:17 GMT, 15 November 2015 | Updated: 02:20 GMT, 16 November 2015 Former French President Nicolas Sarkozy has vowed to electronically tag all 11,500 people on...
  • Ambassador reveals how Obama undermined Israel

    06/21/2015 9:51:25 AM PDT · by Nachum · 7 replies
    New York Post ^ | 6/21/15 | Larry Getlen
    On Nov. 8, 2011, President Obama met with then-French President Nicolas Sarkozy in Cannes after what had been a particularly rough week for US-Israeli relations. Modal Trigger The week prior, the UN agency UNESCO admitted Palestine as a member state. Congress responded by cutting off UNESCO’s funding, a move the Obama administration direly opposed. Michael Oren, who served as Israel’s US ambassador from 2009 to 2013, said the president, having opposed Palestine’s admission to the agency, “thought he had done enough . . . and did not need to punish them further.” President Obama responded to Congress’ act by admonishing Israel for...
  • Was Politician Forced Into Mental Institution for Islamophobia?

    05/26/2015 12:12:01 AM PDT · by bob_denard · 9 replies
    The new american ^ | Monday, 18 May 2015 | Written by Selwyn Duke
    One tactic Soviet-bloc countries would use to stifle dissidents was involuntary confinement to mental institutions. After all, you have to be crazy to oppose state ideology, right? Now, though, 26 years after the Berlin Walls fall comes a similar shocking story from well west of where the wall stood. It is alleged that a French mayor has been involuntarily confined to a mental asylum for Islamophobia. The story involves Robert Chardon, mayor of the southern French town of Venelles; the problems began when, participating in a public Twitter discussion initiated by former French president Nicolas Sarkozy, the mayor proposed...
  • Sarkozy renames French opposition The Republicans

    05/30/2015 2:18:39 AM PDT · by Nextrush · 23 replies
    BBC News ^ | 5/29/2015 | BBC
    Former French president Nicolas Sarkozy has changed his party's name from Union for a Popular Movement (UMP) to The Republicans. Members of France's main opposition party voted to support the rebranding on Friday, with 83% of members approving the move. The move has sparked widespread debate in France, with critics arguing that all French people are Republicans......
  • BOMBSHELL: Mayor Forced Into Mental Institution for What He Said About Islam

    05/20/2015 6:49:21 PM PDT · by Jack Hydrazine · 40 replies
    Conservative Tribune ^ | 20MAY2015 | Staff Writer
    Robert Chardon, mayor of the French town of Venelles, has allegedly been forced into a mental institution for tweeting, We must ban the Muslim faith in France. This revelation came to us via the Agence France-Presse, a highly regarded news entity that claimed Chardon was involuntarily hospitalized last Friday. Chardon also tweeted that France should revoke a centuries-old secularism law and instead promote the practice of the Christian faith. All this rhetoric reportedly angered Nicolas Sarkozy, leader of the Union for a Popular Movement, the same party to which Chardon belongs. I condemn this proposal even if secularism also means...
  • Much ado about nothing in France

    04/03/2015 1:42:15 PM PDT · by SunkenCiv · 3 replies
    Gulf News ^ | April 3, 2015 | Luc Debieuvre
    It may be intellectually comforting to suggest the UMP-UDI could "make the National Front useless", or less prosaically, to propose implementing those measures for which the French vote for the Front and, in so doing, 'siphoning out' the Front's programme. Sarkozy employed this strategy during the last presidential campaign -- but it did not work. Sarkozy has been smart enough to understand that any kind of alliance with the Front would mean the end of the UMP. But he also knows what a significant chunk of supporters wants. Reconciling everybody won't be easy, as the organisation of the party has...
  • Ex-French PM accuses Hollande aide of lying over Sarkozy legal case claims

    11/12/2014 6:10:33 AM PST · by TigerLikesRooster · 1 replies
    Reuters ^ | Nov 9, 2014
    Ex-French PM accuses Hollande aide of lying over Sarkozy legal case claims PARIS Sun Nov 9, 2014 4:36pm EST (Reuters) - Former French prime minister Francois Fillon accused President Francois Hollande's chief of staff of lying on Sunday after a media report accused Fillon of asking him to accelerate a legal case against his rival Nicolas Sarkozy. Newspaper Le Monde said that Fillon had asked Jean-Pierre Jouyet in June to speed up legal cases involving Sarkozy to undermine his political comeback, including one linked to fines over the funding of the former president's 2012 campaign.
  • Presidency-minded Sarkozy wins party leadership (former French prez)

    11/29/2014 5:34:18 PM PST · by Olog-hai · 13 replies
    Associated Press ^ | Nov 29, 2014 5:57 PM EST | Jamey Keaten
    As political encores go, former President Nicolas Sarkozy didnt quite get the warm embrace from his party that many French had expected in his return to public life on Saturday. The hard-charging Gaullist who once made headlines for reviving Frances U.S. ties, helping depose Libyan leader Moammar Gadhafi and marrying a former supermodel while in office won a race for leader of Frances main conservative partybut with a margin of victory that was smaller than many had predicted. Sarkozys victory as chief of the Union for a Popular Movement, or UMP, was a crucial first step on his road to...
  • Was ISRAEL behind the hacking of millions of French phones and NOT the U.S.?

    10/25/2013 12:22:57 PM PDT · by Nachum · 31 replies
    Daily Mail ^ | 10/25/13 | Nabdila Ramdani
    Israel and not America was behind the hacking of millions of French phones, it was claimed today. [Snip] But todays Le Monde newspaper provides evidence that it was in fact Israeli agents who were listening in. France first suspected the U.S. of hacking into former president Nicolas Sarkozys communications network when he was unsuccessfully trying for re-election in 2012. Intelligence officials Bernard Barbier and Patrick Pailloux travelled from Paris to Washington to demand an explanation, but the Americans hinted that the Israelis were to blame. The Americans insisted they have never been behind any hacking in France, and were always
  • Francois Hollande 'shared' his mistress Valerie Trierweiler with Sarkozy minister

    10/11/2012 1:29:46 AM PDT · by TigerLikesRooster · 18 replies
    Telegraph ^ | 10 Oct 2012
    Francois Hollande 'shared' his mistress Valerie Trierweiler with Sarkozy minister Francois Hollande "shared" his mistress Valerie Trierweiler with a minister from Nicolas Sarkozy's government in a Jules et Jim-style relationship, a new biography on France's first lady claims. La Frondeuse (The Troublemaker), claims that Miss Trierweiler, 47, had an affair with Patrick Devedjian, 68, a former economic recovery minister, in the early 2000s, but that the Socialist Mr Hollande, 58, muscled in when the Right-winger failed to commit himself further to the relationship. There followed a period "a bit like Jules et Jim," said the co-author Christophe Jakubyszyn, a close...
  • Obama Bombs Wrong Target on Open Mic Night

    11/28/2013 6:49:47 AM PST · by Kaslin · 5 replies ^ | November 28, 2013 | John Ransom
    For those who think the president's animosity toward Israel isn't expressed both personally and through policy, I've taken the liberty of "reprinting" a column from November 2011 as a reminder. Oh, and this notice has been added to give SOME readers, who shall not be named, something else to be thankful for this Thanksgiving. It's a good article. No, no, no: You're welcome. It's my pleasure to add this notice. I know it will make the article MUCH better. Really. Happy Thanksgiving. Well, Ill say one thing for him: Obama certainly has been transformative when it comes putting the personal...
  • Fed up French Muslims mobilize to unseat Sarkozy

    04/20/2012 8:54:43 AM PDT · by C19fan · 43 replies
    The Washington Times ^ | April 20, 2012 | Karine G. Barzegar
    Frances Muslim community is mobilizing voters to reject President Nicolas Sarkozy in Sundays election to punish the conservative leader for his anti-immigrant and anti-Islam rhetoric. [French] Muslims cant stand it anymore. They are fed up with these debates about national identity, halal meat, the veil or fundamentalism all over the place, said Francoise Lorcerie, a sociologist with the Institute of Studies on the Arab and Muslim World near Marseille.
  • The British, at Least, Are Getting Tough (Barclays rigging of LIBOR)

    07/08/2012 1:42:13 PM PDT · by neverdem · 12 replies
    NY Times ^ | July 7, 2012 | Gretchen Morgenson
    THE unfolding story of how Barclays and, in all likelihood, other big banks rigged interest rates is full of telling tidbits about the way Wall Street works. It also represents yet another teachable moment. By now the world knows that Barclays manipulated the most widely used benchmark rate, the London interbank offered rate. But Barclays is just one member of the cozy club that sets the Libor, which is supposed to be based on the average rate at which large banks can borrow money overnight. Its not based on actual transactions, however and that leaves room for...
  • Eurozone bail-out funds not enough, warns OECD

    02/03/2012 1:05:44 AM PST · by bruinbirdman · 3 replies
    The Telegraph ^ | 2/3/2012 | Louise Armitstead
    International debt inspectors believe they have found another 15bn (12.5bn) black hole in Greeces public finances caused by the deepening recession, delivering the crippled nation another devastating blow. With pressure growing over talks with private investors about the terms of a 100bn debt write-off, officials calculated that to bring the countrys debts to a sustainable level at 120pc of GDP the international community would need to find an extra 15bn, raising the prospect of a Greek default. Sources told news organisations in Brussels that weak growth will make it even more difficult for Greece to resolve its debt problem, leaving...
  • Euro Project Intellectually, Morally, Democratically Bankrupt

    12/13/2011 4:56:17 AM PST · by Kaslin · 1 replies ^ | December 13, 2011 | Mike Shedlock
    It is disgusting to see UK Prime Minister David Cameron all but throw away the victory he achieved when he vetoed the Merkozy treaty. Please consider these sniveling, apologetic snips from the New York Times article Cameron Says His Veto on Europe Treaty Protects Britain Mr. Cameron, a Conservative, seemed at pains to offer soothing words to those afraid that he had so alienated his European allies that Britain was bound to leave the European Union altogether. Britain remains a full member of the E.U., and the events of the last week do nothing to change that, Mr. Cameron said....
  • Euro crisis: Britain stands alone after PM David Camerons historic veto

    12/10/2011 4:45:11 AM PST · by iowamark · 16 replies
    The Sun, UK ^ | 10 Dec 2011 | GRAEME WILSON, Deputy Political Editor, in Brussels, and KEVIN SCHOFIELD
    DAVID Cameron has blasted the bully-boys of Europe with a sensational Winston Churchill-style "Up Yours". The PM vetoed a new treaty and kept Britain out of a dodgy deal to save the euro. But his bulldog spirit left the nation facing an unknown future and risking an EU backlash. The PM last night defended his historic veto of an EU deal intended to save the euro despite infuriating pro-Europeans. Jubilant Tory MPs hailed his decision as a massive step towards Britain's EXIT from the European Union. His stand in Brussels was the first time a British Prime Minister has...
  • U.K. to Eurozone Nations: We're Out, Good Luck

    12/08/2011 10:56:08 PM PST · by tcrlaf · 145 replies
    CBS NEWS ^ | 12-9-11 | CBS/AP
    The 17 eurozone states and six other EU countries agreed early Friday to create a new treaty that will allow them to introduce stricter fiscal rules in the hope of containing a worsening debt crisis, but Britain's prime minister immediately threatened to block the new accord. The failure to get agreement among all 27 members of the European Union at a summit meeting in Brussels reflected in large part a deep split between France and Germany on the one hand and Britain on the other. France and Germany are the two largest economies in the eurozone; Britain does not use...
  • David Cameron and Nicolas Sarkozy clash as leaders wrangle over euro deal

    12/08/2011 6:59:36 PM PST · by Qbert · 5 replies
    The Guardian UK ^ | 8 December 2011 | Nicholas Watt, Ian Traynor & David Gow
    David Cameron is at the centre of a furious row with Nicolas Sarkozy after Paris tried to isolate the prime minister at the EU summit by suggesting that Britain is seeking to exempt the City of London from all European regulations. In a move dismissed by officials in Brussels as an attempt to set Britain up as the fall guy, senior French figures said Cameron wanted an opt out from EU financial services regulation. The French were said to have found themselves isolated in their attempt to limit an agreement on tough fiscal rules for the single currency just to...
  • Eurozone crisis stokes tension between Britain and Germany

    11/15/2011 5:30:52 PM PST · by MinorityRepublican · 7 replies
    The Guardian ^ | Tuesday 15 November 2011 | Patrick Wintour
    Angela Merkel and David Cameron are due to meet on Friday to discuss the eurozone crisis further. Tensions between Germany and Britain over how to handle the crisis in the eurozone deepened after allies of the German chancellor, Angela Merkel, claimed she would not allow the UK to "get away" with its refusal to back a European financial transactions tax. Speaking ahead of a meeting between Merkel and David Cameron on Friday, the parliamentary leader of her Christian Democratic Union said "Britain had a responsibility to make Europe a success". Volker Kauder, at the CDU conference in Leipzig, said: "I...
  • Defend Britain from these euro dictators

    11/10/2011 6:08:16 PM PST · by Olog-hai · 10 replies
    Daily Mail (UK) ^ | 8:18 AM on 8th November 2011 | Daily Mail Comment
    Increasingly, it appears we are witnessing the death of democracy and the right of sovereign nations inside the eurozone to govern their own affairs. First the overbearing eurocrats led by France and Germany bullied Greece into dropping its planned referendum. Then they forced Prime Minister George Papandreou from office and made it plain that the countrys next leader must be a pro-Brussels technocrat of whom they, rather than the Greek people, approve. Now the power-hungry duo of Angela Merkel and Nicolas Sarkozy are turning their attentions to Silvio Berlusconi, whom they no longer trust to reduce Italys own...
  • Sarkozy's party fundraising drive boosts comeback hopes

    08/03/2013 4:23:34 PM PDT · by SunkenCiv · 4 replies
    Reuters ^ | Tuesday, July 30, 2013 | Sophie Louet
    Former French president Nicolas Sarkozy's hopes of a political comeback got a boost on Tuesday after a fundraising campaign he spearheaded to avert a financial crisis for his conservative UMP party raised 8.3 million euros in less than a month. The national drive to refill the UMP coffers -- dubbed "Sarkothon" by the media -- underscores Sarkozy's continued star appeal among centre-right voters despite his loss of the presidency to Socialist Francois Hollande in May 2012. With the UMP's finances now largely repaired, Sarkozy can more easily prepare for a possible presidential bid in 2017. For this, he will have...
  • France's President Hollande pulls plug on new national museum plans fearing controversy

    01/06/2013 1:49:51 AM PST · by Berlin_Freeper · 9 replies ^ | 5 January 2013 | Bond and Peter Allen
    It is not the only country which has a controversial history of which it may not be entirely proud. But it seems that for French president Francois Hollande, his country's past is not something he thinks should be revisited. This week, ambitious and expensive plans for a museum about the history of France were binned because the Socialist president felt it would be too controversial. A number of academics were left delighted by the decision, because they had argued that French history is too divisive to be recounted in a museum. However, some historians have been left furious over the...
  • '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 Franois 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...
  • Is Europe Sailing on the Titanic?

    05/01/2012 2:34:38 AM PDT · by Kaslin · 10 replies ^ | 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...
  • Isolated Merkel embraces Monti and growth

    05/01/2012 2:00:36 AM PDT · by Olog-hai · 4 replies
    PressEurop ^ | 26 April 2012
    Angela Merkel doesnt want to be left alone in the turmoil of the crisis. With her long time partner Nicolas Sarkozy on the way out after the first round of French elections, the chancellor is already looking for another ally, and Mario Monti seems to be her choice. German governments spokesman Steffen Seibert has revealed that Merkel and Montis staff have already met to plan a series of joint German-Italian initiatives to promote economic stimulus measures to be discussed at the European council in June, La Stampa reports. In addition to the possible loss of traditional stalwarts France and Netherlands...
  • 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 Sarkozys 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...
  • 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) Franois 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 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 ^ | 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...
  • 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: 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 wont be the...
  • 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.
  • EU: Monti meets Sarkozy as banks fall on eurozone woes

    01/07/2012 12:36:24 AM PST · by bruinbirdman · 15 replies
    The Telegraph ^ | 1/6/2012
    Italy's Prime Minister Mario Monti will meet France's President Nicolas Sarkozy of France on Friday as pressure mounts on two of the biggest but most fragile economies in the debt-wracked eurozone. Nervous European banks parked 455bn in the safe haven of the European Central Bank overnight - a new record - preferring to earn low interest rather than take the risk lending to each other. Bank shares in France and Italy continued to fall as worries about the eurozone debt crisis resurfaced. The effects of the crisis on the real economy have deepened, with official figures on Friday showing that...
  • 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' strategyreplacing 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 ^ | 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- years of trying to contain the wildfire, - the Euro-zones debt crisis is more dangerous than ever. The collapse of Greeces 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...
  • THE RALLY COLLAPSES IN EUROPE: Stocks Slide, Italian Yields Shoot Back Above 7%

    11/24/2011 7:44:06 AM PST · by blam · 11 replies
    TBI ^ | 11-24-2011 | Joe Weisenthal
    THE RALLY COLLAPSES IN EUROPE: Stocks Slide, Italian Yields Shoot Back Above 7% Joe Weisenthal Nov. 24, 2011, 9:29 AM Tower of Pisa It looked initially like today might be quiet in Europe, a merficul gift to those of us in the US who were hoping for a quiet Thankgiving. In fact, there was a pretty solid rally across the board, with yields down and stocks much higher. But all that's changed. At a press conference with Nicolas Sarkozy, Angela Merkel, and Mario Monti, talk of an unlimited ECB bailout for all of Europe was downplayed. Since then markets have...
  • The Coming European Superstate That Germany Plans To Cram Down The Throats Of The Rest Of Europe

    11/20/2011 7:42:19 AM PST · by blam · 22 replies
    TEC ^ | 11-20-2011
    The Coming European Superstate That Germany Plans To Cram Down The Throats Of The Rest Of EuropeNovember 20, 2011 A lot of people were puzzled about what German Chancellor Angela Merkel meant when she recently stated that the ultimate solution to the financial crisis in the EU would "mean more Europe, not less Europe". Well, now we are finding out. A leaked internal German government memo entitled "The Future of the EU: Required Integration Policy Improvements for the Creation of a Stability Union" actually proposes the creation of a "European Monetary Fund" which would be given the power to run...
  • Obama Elites' European Solution

    11/18/2011 7:03:01 AM PST · by Kaslin · 5 replies ^ | November 18, 2011 | John Ransom
    Mans conquest of Nature, if the dreams of some scientific planners are realized, means the rule of a few hundreds of men over billions upon billions of men.- C.S. Lewis, The Abolition of Man In Greece and Italy two unelected prime ministers, withbanking backgrounds similarto members of our own government, have sworn to rescue their countries for the Euro Liberty, Fraternity and Currency!And they will save their countries by bringing to bear the expertise of every non elected pipe smoking and tweed wearing university don, in the Daily Mails derisive phrase, to tackle the problem of the Great European...
  • Germany's secret plans to derail a British referendum on changes to the EU

    11/17/2011 9:17:26 PM PST · by DeaconBenjamin · 18 replies
    Telegraph (UK) ^ | 10:02PM GMT 17 Nov 2011 | By Bruno Waterfield, in Brussels
    Germany has drawn up secret plans to prevent a British referendum on the overhaul of the European Union amid concerns it could derail the eurozone rescue package. German chancellor Angela Merkel is expected to tell David Cameron that Britain does not need a referendum on EU treaty changes, despite demands from senior Conservatives for more powers to be repatriated to Britain. The leaked memo, written by the German foreign office, discloses radical plans for an intrusive new European body that can take over the economies of beleaguered eurozone countries. Germany is also preparing for other European countries, which are too...
  • Utopian Germans risk full-blown EMU depression

    11/14/2011 5:08:47 PM PST · by bruinbirdman · 7 replies
    The Telegraph ^ | 11/14/2011 | Ambrose Evans-Pritchard
    The relief rally from technocrat takeovers in Italy and Greece has already wilted, once again reviving the elemental question of whether Germany will go beyond rhetoric and commit its full strategic power to halt Europe's debt crisis. Yields on Italy's 10-year bonds jumped back up to 6.7pc after Bundesbank chief Jens Weidmann dashed hopes for muscular intervention by the European Central Bank to stabilise bond markets and buy time for the new government of Mario Monti. "Monetary policy cannot and must not solve solvency problems of states and banks," he told a Frankfurt forum, calling for a halt to incessant...
  • Italy borrowing costs hit record 7%

    11/09/2011 2:40:36 AM PST · by AnAmericanAbroad · 28 replies · 1+ views
    BBC News ^ | November 9th, 2011 | Staff
    Italy's cost of borrowing has touched a new record, a day after Prime Minister Silvio Berlusconi said he would resign once budget reforms are passed. The yield on Italian 10-year government bonds reached 7%, the highest since the euro was founded in 1999. The debt was pushed up as a clearing house asked for a larger deposit to trade Italian bonds - to cover the increased risk of non-payment. Investors fear that Italy could become the next victim of the debt crisis.
  • Pat Buchanan: The Dark Side Of Diversity In Toulouse

    03/22/2012 11:32:07 PM PDT · by 2ndDivisionVet · 32 replies · 3+ views
    Eurasia Review ^ | March 23, 2012 | Patrick J. Buchanan
    As an act of pure evil it was difficult to match. After dragging the 8-year-old by her hair across a schoolyard, the killer put a 9 mm pistol to the girls head and pulled the trigger. The gun jammed. So he took out a Colt .45 and finished her. She was one of four victims. The others a 30-year-old rabbi and his two boys. As the gunman had targeted a Jewish school and the bullets were identical to those used in the murders of two North African soldiers and one black soldier, suspicion fell on some neo-Nazi racist. And...
  • French (Socialist) Candidate Calls for Top Tax of 75 Percent

    02/29/2012 7:33:58 PM PST · by Olog-hai · 26 replies
    Der Spiegel ^ | 02/28/2012
    Franois Hollande, the Socialist Party frontrunner for the French presidency, announced a tax plan Monday that would see taxes on the wealthy rise dramatically if he is elected this spring. Speaking on TF1 television, Hollande proposed a 75 percent tax on income over 1 million ($1.34 million), a huge jump from the current top rate of 40 percent. "I can announce here that above 1 million (per year), the tax rate should be 75 percent, because it's not possible to have that level of income," said Hollande, who added that he did not accept "excessive wealth." Hollande has consistently held...