Tuesday, August 22, 2017

Tag: Angela Merkel

EU summit lines up against Russia

On Thursday, the 28 leaders of the European Union gathered in Brussels at their final summit of the year. The EU is in deep crisis. Following the British decision to leave the EU, the election of Donald Trump as US president, and the rise of right-wing nationalist forces in...

Germany Can Protect the Liberal Order

As U.S. President Barack Obama arrived in Berlin for a farewell visit on Wednesday, German policymakers were scrambling to develop a road map for dealing with the presidency of his successor, Donald Trump. Last week, in a congratulatory note to the president-elect, German Chancellor Angela Merkel gently conditioned Germany's...

Global Trumpism: Why Trump’s Victory Was 30 Years in the Making and Why It...

Trump's victory was predictable, and was predicted, but not by looking at polls. Polling has taken a beating recently having failed to predict the victory of David Cameron's Conservative Party in the British general elections, then Brexit, and now the election of Donald Trump. One can argue about what’s...

Europe Wishes to Inform You That the Refugee Crisis Is Over

Greece - Skala Sikaminias is a little beach town on the northern coast of the Greek island of Lesbos. A year ago, rickety wooden boats and dinghies packed with Syrian refugees began plowing into the narrow stretch of beach next to the taverna in the town square. Within days, the flotilla had swelled to vast proportions; as many as 7,000 Syrian refugees were landing on Lesbos every day.

According To JPMorgan, This Is The Biggest Risk Facing Deutsche Bank At This Point

Deutsche Bank uncertainties were added to concerns about BoJ tapering spooking global equity markets over the past week. Widespread press reports about Deutsche Bank clients and counterparties reducing their financial exposure to the bank, including their derivatives exposures, alarmed market participants. At the same time, JPMorgan warns, the amount borrowed...

The Deutsche Bank crisis could take Angela Merkel down – and the Euro

There are some words that make such an unlikely pairing that we find it hard to put them together. Italy and efficiency, for example. Or Bake Off and Channel 4. And 'Germany' and 'banking crisis' is another one. Our image of German banks, and the German economy, as completely rock...

Deutsche Bank’s Monumental Mess – Merkel Says No State Aid, Depositor Bail-In Coming Up?

The €72 trillion (notional) derivatives mess known as Deutsche Bank remains under severe pressure. It’s market cap is $17.43 billion. It has no earnings and pays no dividend. On April 23, Deutsche Bank was Fined $2.5 Billion over LIBOR rate rigging. Twenty-one people face criminal charges following a seven-year investigation. On...

Merkel Rules out Assistance for Deutsche Bank, Focus Reports

Chancellor Angela Merkel has ruled out any state assistance for Deutsche Bank AG in the year heading into the national election in September 2017, Focus magazine reported, citing unidentified government officials. The German leader also declined to step into the Frankfurt-based bank’s legal imbroglio with the U.S. Justice Department, which...

Poland Takes Aim at Putin’s Pipe Dreams

Warsaw may have finally thrown a wrench into the Nord Stream 2 pipeline, Moscow's controversial plan to double down on its dominance of Europe’s energy supplies. This summer hasn’t seen a lot of setbacks for Russia, not even for its Olympic hopefuls. Crimea has been annexed and fully absorbed, with...

Ax-Wielding Terrorists and Germany’s Stiff Upper Lippe

Germans are showing enormous restraint amid the rising threat of homegrown terrorism. But the Islamic State hasn’t really hit them yet. Germany's straight-faced interior minister, Thomas de Maizière, is Chancellor Angela Merkel's point person for keeping the country safe. A lifelong conservative, de Maizière is considered a law-and-order type, about as...

America’s Nukes Aren’t Safe in Turkey Anymore

But is there anywhere else in Europe that would take them? Among the candidates for most iconic image of this past weekend’s attempted coup in Turkey has to be the many videos of Turkish F-16s, hijacked by the mutineers, flying low over Istanbul and Ankara. Eventually, those planes seem to...

Before Turkish Coup, President’s Drive to Stifle Dissent Sowed Unrest

Recep Tayyip Erdogan's escalating efforts to silence critics have had a chilling effect at home. The coup attempt against Turkish President Recep Tayyip Erdogan is the culmination of a long-mounting discontent with the man who has essentially ruled the nation since 2002. Turkey has faced increased dangers in the past year....

Meet the Motley Crew Charged With Seeing Britain Out of the EU

The new government has no fewer than five officials appointed to implement the Brexit. And no one — including them — knows how they’re going to do it. The prime minister who took power because of the Brexit just formed a cabinet shaped by the Brexit — but it’s not...

Britain to send hundreds of troops to Russian border amid Nato concerns

Defence Secretary Michael Fallon says UK has a duty to 'reassure' Baltic states of Nato support. The UK will deploy hundreds of troops in response to growing concerns over Russia's presence on its border with the Baltic states, David Cameron is set to announce. Defence Secretary Michael Fallon says 650 troops...

The unknown German branch of Nord Stream 2 will make Germany the key gas...

Despite causing great controversy in the EU, plans to build the Nord Stream 2 gas pipeline are steadily being implemented, write Agata Loskot-Strachota and Konrad Poplawski of the Centre for Eastern Studies (OSW) in Poland. What is more, in May preparations were started for a German land leg of...

Hacked Emails Reveal NATO General Plotting Against Obama on Russia Policy

Retired U.S. Air Force Gen. Philip Breedlove, until recently the supreme commander of NATO forces in Europe, plotted in private to overcome President Barack Obama’s reluctance to escalate military tensions with Russia over the war in Ukraine in 2014, according to apparently hacked emails from Breedlove’s Gmail account that were...

Italy’s Banks On Death Bed. Are Bail-Ins Coming?

Italy's third largest bank by assets, Banca Monte dei Paschi di Siena SpA is on the death bead. It’s been there since mid-2014. Italian banks in general have €200 billion in non-performing loans. They have another pile of troubled loans that are late just some of the time. To address the...

Chaos at Europe’s big banks: Italy begs for bad loans bailout and IMF warns...

Europe's banking sector is braced for chaos, with Italian giants desperate for a bailout and Germany’s biggest lender deemed a threat to the world economy. In Italy, politicians begged the European Union for permission to bail out troubled lenders sitting on more than £300bn of bad loans. Meanwhile, Portugal – long...

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....

German politicians, activists file complaint against Turkey’s Erdogan

German lawmakers, rights activists and celebrities said on Monday they had filed a civil suit against Turkish President Tayyip Erdogan and some of his aides for what they called "war crimes" in counter-terrorism operations against Kurdish militants. Turkish-German relations have been deteriorating lately over a resolution passed by the German...

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....

Angela Merkel Doesn’t Have a Brexit Plan, Either

Britain's departure from the EU has made Germany far more powerful than it should be. At Monday afternoon’s news conference in Berlin, German Chancellor Angela Merkel's body language was a notch less downcast than her post-Brexit vote appearance on Friday, when the dispassionate, even-keeled chancellor actually looked disheartened in a...

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...

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...

US, Europe Enable Southern Gas Corridor

The first half of 2016 has proved vitally important to the success of the Southern Gas Corridor (SGC), both in terms of the project's physical implementation and also with regard to funding of several segments of the value chain by a number of the project partners, in particular the...

If the Refugee Deal Crumbles, There Will Be Hell to Pay

It won’t just be the millions of refugees that will suffer. Liberal European democracy may be the ultimate casualty. A strange thing happened in the Aegean Sea last month: No refugees drowned. This modest piece of good news was, however, overwhelmed by the calamity in the Mediterranean, where 1,083 refugees...

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...

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...

Why Obama Couldn’t Rescue U.S.-German Relations

Tensions between the two countries aren’t about who holds the presidency. They’re about what Germans see as deep divisions on fundamental values. We know at least one thing about how U.S. President Barack Obama's arrival in Germany will unfold this coming Sunday: He will not be greeted by 200,000 enthusiastic...

What happened on 6 March when Davutoglu met Merkel?

There has been a lot of speculation about the (allegedly) surprising, for some even shocking, proposal Turkey made on 6 March in Brussels at a meeting in the evening at the Turkish embassy between Ahmet Davutoglu, Angela Merkel and Mark Rutte, on the eve of the European leaders discussing...

Article Filter Options