Wednesday, January 16, 2019

Frexit Is Coming

Britain's departure meant the end of an era. France's departure would mean the end of the EU. After Grexit and Brexit, the next crisis to confront the European Union will be Frexit. It will prove to be the worst of all. While dramatic, the Greek tragedy had a limited run....

EU-Turkey deal could see Syrian refugees back in war zones, says UN

Refugees chief questions legality of agreement to send people back to Turkey without guarantees for their protection. A senior UN official says he is very concerned that a hasty EU deal with Turkey could leave Syrian refugees unprotected and at risk of being sent back to a war zone. Filippo Grandi,...

Mobilize European workers to defend French strikers!

As oil refinery blockades and occupations, port walkouts and calls for further strike action in defiance of attacks by riot police spread across France, the working class is emerging as the leading force in the struggle against the Socialist Party (PS) government's reactionary labor law. The movement is beginning...

The Neoliberal Prison: Brexit Hysteria and the Liberal Mind

The enraged liberal reaction to the Brexit vote is in full flood. The anger is pathological – and helps to shed light on why a majority of Britons voted for leaving the European Union, just as earlier a majority of Labour party members voted for Jeremy Corbyn as leader. A...

French Far Right Gets Helping Hand With Russian Loan

PARIS — France's far-right National Front party has taken an $11.7 million loan from a Russian bank to help finance various campaigns — money, officials said, party representatives were unable to obtain from any French or European bank, though they spoke to a dozen. In the meantime, Jean-Marie Le Pen,...

ECB examines possibility of Greek IOU currency in case of default

(Reuters) - The European Central Bank has analyzed a scenario in which Greece runs out of money and starts paying civil servants with IOUs, creating a virtual second currency within the euro bloc, people with knowledge of the exercise told Reuters. Greece is close to having to repay the International...

RSF condemns French police violence against journalists at protests

Reporters Without Borders (RSF) is very concerned about a surge in unlawful police violence against journalists covering protests against the government’s labour reform law and calls on France's highest authorities to put a stop to the attacks. Some journalists say wearing a press armband turns them into a target of...

Why Brexit Might Not Happen at All

As I noted on Friday, Britain won’t be exiting the E.U. anytime soon. If and when the U.K. government invokes Article 50 of the Lisbon Treaty of 2007, which grants member states the right to leave, there will be at least two years of negotiations about the terms of Britain’s future relationship with Europe....

Brexit is the only way the working class can change anything

Working-class people are sick of being called ignorant or racist because of their valid concerns. The EU referendum has given them a chance to have their say. I have lived in working-class communities all my life, and now that I research and write about those communities as a working-class academic,...

Greece Makes €450 Million Payment to International Monetary Fund

Greece transferred around €450 million to the International Monetary Fund (IMF) on Thursday. As a result, Athens has repaid its second major loan without being able to access new assistance. The country had already paid the IMF €1.5 billion at the end of March. Greek Finance Minister Yanis Varoufakis had...

Tech Giants Vow to Tackle Online Hate Speech Within 24 Hours

U.S. Internet giants Facebook Inc., Twitter Inc., Google and Microsoft Corp. pledged to tackle online hate speech in less than 24 hours as part of a joint commitment with the European Union to combat the use of social media by terrorists. Beyond national laws that criminalize hate speech, there is...

How NATO-linked Think Tanks Control EU Refugee Policy

A flood of uncontrolled war refugees from Syria, Libya, Tunisia and other Islamic countries destabilized by Washington’s ‘Arab Spring’ Color Revolutions, has created the greatest social dislocation across the EU from Germany to Sweden to Croatia since the end of World War II. By now it has become clear...

Paris strikes astonishing partnership with secret Isis sponsor tied to Hillary Clinton

The City of Paris has struck a corporate partnership with French industrial giant, Lafarge, recently accused of secretly sponsoring the Islamic State (Isis or Daesh) for profit. Documents obtained by several journalistic investigations reveal that Lafarge has paid taxes to the terror group to operate its cement plant in Syria,...

Hungary Plans to Crack Down on All Soros-Funded NGOs

Hungary plans to crack down on non-governmental organizations linked to billionaire George Soros now that Donald Trump will occupy the White House, according to the deputy head of Prime Minister Viktor Orban’s party. The European Union member will use “all the tools at its disposal” to “sweep out” NGOs funded...

A Stunning Email About Brexit Vote As Elites Panic And Global Collapse Edges Closer

After the stunning Brexit vote to “Leave” the EU followed by turmoil in world markets, today the man who has become legendary for his predictions on QE, historic moves in currencies, and major global events, warned the elites are now panicking as global collapse edges closer. But first, the powerful...

Eurozone Asked to Consider More Concessions on Greece’s Debt

Finance ministers to discuss extending maturities, limiting repayments and capping interest rates. BRUSSELS - A confidential document debated by eurozone finance ministers detailed for the first time what Greece's creditors could do to ease the country’s debt load and how that burden would develop over the coming decades without new...

France to Escalate Strikes in Syria and Iraq After Nice Attack

Hollande to extend the state of emergency by another three months. French Prime Minister Francois Hollande said Friday morning local time that he would "strengthen our actions" in Syria and Iraq and extend the state of emergency by another three months, hours after a truck plowed into a crowd of...

German minister asks for half a billion to create jobs for refugees

Federal Minister of Labour and Social Affairs Andrea Nahles has called for €450 million to help integrate refugees into the labour market. EurActiv Germany reports. Nahles has asked for nearly half a billion euros from Minister of Finance Wolfgang Schäuble in order to provide better access to jobs, according to...

Washington’s Orchestrated Conflict with Russia: The Choice Before Europe

Washington continues to drive Europe toward one or the other of the two most likely outcomes of the orchestrated conflict with Russia. Either Europe or some European Union member government will break from Washington over the issue of Russian sanctions, thereby forcing the EU off of the path of...

IMF Internal Meeting Predicts Greek Disaster, Threatens to Leave Troika

Today, 2nd April 2016, WikiLeaks publishes the records of a 19 March 2016 teleconference between the top two IMF officials in charge of managing the Greek debt crisis - Poul Thomsen, the head of the IMF's European Department, and Delia Velkouleskou, the IMF Mission Chief for Greece. The IMF...

Legality of deal struck between the EU and Turkey over refugees questioned

A senior United Nations official has questioned the legality of the recent deal struck between the European Union and Turkey in keeping refugees away from the bloc. The deal is not only contrary to international law but also puts the refugees at risk of being sent back to a...

After Brexit Vote, Europe’s Leaders Debate Timing of U.K.’s Departure

Officials in Brussels and Berlin suggest giving Britain a chance to reconsider its decision to quit the EU. Pressure abated on the U.K. to serve swift notice of its intention to leave the European Union after last week’s referendum, as senior European policy makers suggested Britain should be allowed time...

Westminster’s Squabbling Is Making Brexit Worse

The simple fact is that political uncertainty hurts the economy. And with chaos reigning in the U.K., the road ahead looks bumpy indeed. When the Brexit vote was still months away, veteran Conservative Party politician Kenneth Clarke predicted that, should David Cameron lose the campaign for Britain to stay within...

World’s longest rail tunnel to open in Switzerland under Alps

EU heads to take 57km maiden voyage in €11bn Gotthard base tunnel on Wednesday. Measuring 57 km in length, situated 2.3km deep under the Alps and having cost €11bn to complete, Switzerland’s Gotthard base tunnel is more than just the world’s longest and most expensive tunnelling project. At a time of...

EU’s secret ultimatum to Afghanistan: accept 80,000 deportees or lose aid

Memo leaked in advance of Brussels aid summit reveals EU plans to make assistance to Afghanistan ‘migration sensitive’ despite security concerns. When international donors and the Afghan government convene in Brussels next week, the EU secretly plans to threaten Afghanistan with a reduction in aid if the war-torn country does...

One Port, Two Worlds: China Seeks Dominance in Athens Harbor

A Chinese executive with shipping company Cosco has helped transform part of Athen's Port of Piraeus into a success story. The multinational firm now has a controversial plan to acquire the whole facility and put it on track to join the ranks of Hamburg and Rotterdam. One could argue that China's...

European Union’s Imperial Overreach

While few analysts are putting it this way, the European Union suffers from a self-inflicted crisis of overexpansion — a form of “imperial overstretch,” if you will. The Brexit vote was just the latest symptom of this policy disaster, which also includes escalating confrontations with Russia and the ongoing...

EU to set up euro-election troll patrol to tackle Eurosceptic surge

The European Parliament is to spend almost £2 million on press monitoring and trawling Eurosceptic debates on the internet for "trolls" with whom to debate in the run-up and during euro-elections next year amid fears that hostility to the EU is growing. The Daily Telegraph has seen confidential spending proposals...

Political Elites’ Program of Austerity Set the Stage for Brexit

Scapegoating immigrants for economic suffering is easier than confronting the politicians that crafted austerity policy. At 4 am, following the UK referendum on EU membership, Nigel Farage, the leader of the Eurosceptic UK Independence Party, gave a tentative victory speech. Bullish and beaming, but couching his cheer in caveats that...
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How Western Military Interventions Shaped the Brexit Vote

Michael Hudson argues that military interventions in the Middle East created refugee streams to Europe that were in turn used by the anti-immigrant right to stir up xenophobia. Michael Hudson is a Distinguished Research Professor of Economics at the University of Missouri, Kansas City. He is the author of The...

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