Showing posts with label Euopean Union. Show all posts
Showing posts with label Euopean Union. Show all posts

Friday, March 21, 2025

Worth a read...

Facing a suddenly hostile US; Europe turns to Germany and Berlin steps up...



Meanwhile Russia continues its campaign of disruption...


Moscow and Beijing rejoice at the imminent demise of Radio Free Europe and VOA...


Four conservative columnists discuss Trump's enduring popularity on the right...


On the huge run-up in gold...



(I agree in part, but also think there is more to the story. Gold has always marched to the beat of its own drum. Geopolitical and US specific political tensions, and the out of control US debt are all contributing. Also there has been a voracious demand for gold coming from other parts of the world, notably China.)

Europe sees opportunity in Trump’s economic chaos...


The weird world of anti-vaxxers...


Tesla owners are trading in their EVs at record levels...


How Republicans Learned to Love High Prices...

Monday, February 19, 2024

Europe may be waking up

As the leaders of the West gathered in Munich over the past three days, President Vladimir V. Putin had a message for them: Nothing they’ve done so far — sanctions, condemnation, attempted containment — would alter his intentions to disrupt the current world order.

Russia made its first major gain in Ukraine in nearly a year, taking the ruined city of Avdiivka, at huge human cost to both sides, the bodies littered along the roads a warning, perhaps, of a new course in the two-year-old war. Aleksei A. Navalny’s suspicious death in a remote Arctic prison made ever clearer that Mr. Putin will tolerate no dissent as elections approach.

And the American discovery, disclosed in recent days, that Mr. Putin may be planning to place a nuclear weapon in space — a bomb designed to wipe out the connective tissue of global communications if Mr. Putin is pushed too far — was a potent reminder of his capacity to strike back at his adversaries with the asymmetric weapons that remain a key source of his power.

In Munich, the mood was both anxious and unmoored, as leaders faced confrontations they had not anticipated. Warnings about Mr. Putin’s possible next moves were mixed with Europe’s growing worries that it could soon be abandoned by the United States, the one power that has been at the core of its defense strategy for 75 years.

Barely an hour went by at the Munich Security Conference in which the conversation did not turn to the question of whether Congress would fail to find a way to fund new arms for Ukraine, and if so, how long the Ukrainians could hold out. And while Donald Trump’s name was rarely mentioned, the prospect of whether he would make good on his threats to pull out of NATO and let Russia “do whatever the hell they want” with allies he judged insufficient hung over much of the dialogue.

Yet European leaders seemed to also sense how slowly they had reacted to the new realities. European plans to rebuild their own forces for a new era of confrontation were moving in the right direction, leader after leader insisted, but then they added it would take five years or more — time they may not have if Russia overwhelms Ukraine and Mr. Trump undermines the alliance.

Read the rest here.

Thursday, June 23, 2016

Earthquake: Britain Votes to Leave the European Union

It's about 11:00 PM here on the East Coast and 4:00 AM Friday morning in the UK. While they are still counting votes in the great BREXIT referendum, the secessionists seem to have a near unassailable lead.

Wow!

God save The Queen!

Saturday, June 11, 2016

Poll: Britain Likely to Break With European Union

The campaign to take Britain out of the EU has opened up a remarkable 10-point lead over the Remain camp, according to an exclusive poll for The Independent.

The survey of 2,000 people by ORB found that 55 per cent believe the UK should leave the EU (up four points since our last poll in April), while 45 per cent want it to remain (down four points). These figures are weighted to take account of people’s likelihood to vote. It is by far the biggest lead the Leave camp has enjoyed since ORB began polling the EU issue for The Independent a year ago, when it was Remain who enjoyed a 10-point lead. Now the tables have turned.

Even when the findings are not weighted for turnout, Leave is on 53 per cent (up three points since April) and Remain on 47 per cent (down three). The online poll, taken on Wednesday and Thursday, suggests the Out camp has achieved momentum at the critical time ahead of the 23 June referendum.

Read the rest here.

Monday, June 06, 2016

MPs Plot to Obstruct BREXIT if Britain Votes to Quit the EU

MPs could seek to keep Britain in the European single market even if the public vote in the referendum to leave the European Union, in a move which anti-EU Tories said was “unacceptable” and would cause a “constitutional crisis”.

Membership of the House of Commons is overwhelmingly pro-EU, with just over 70 per cent of its present members campaigning for Remain at the referendum on June 23.

However unnamed ministers have told the BBC that in the event of a vote to leave, pro-EU MPs could engage in what one called a “reverse Maastricht” process - a reference to the long parliamentary campaign fought by Tory Eurosceptic MPs in the 1990s against legislation deepening EU integration.

Read the rest here.

Thursday, November 13, 2014

Former British PM Major Warms UK May Quit European Union Over Immigration

Britain has just a 50-50 chance of remaining in the European Union, Sir John Major has warned, saying that opposition to continued membership of the European Union has reached “a critical mass”.

In a speech in Berlin on Thursday Sir John warned that Britain’s frustration was “no game”, adding: “There is a very real risk of separation that could damage the future of the United Kingdom – and Europe as a whole.”

Read the rest here.

Thursday, October 31, 2013

Signs of Deflationary Depression Increase in Europe

All key measures of eurozone inflation fell dramatically in October, stunning the markets and leaving the region dangerously close to a Japan-style deflation trap.

Consumer price inflation (CPI) plunged from 1.1pc to 0.7pc, the lowest since the financial crash in 2008-2009. “This is a massive downward surprise,” said Gizem Kara from BNP Paribas.

A string of debt-crippled states are now sliding into deflation, with Italy buckling over the late summer. The underlying rate is even lower once austerity-linked tax rises are stripped out

The shock data came as EMU-wide unemployment jumped to a record 12.2pc in September, with a further 74,000 people losing their jobs. Youth jobless rates reached 40.2pc in Italy, 57.6pc in Greece and 56.6pc in Spain.
Read the rest here.

Tuesday, January 31, 2012

Hungary grows weary of European Union

BUDAPEST, Hungary — Hungarians celebrated joining the European Union eight years ago by chopping through the barbed wire that separated them from Austria, eliminating a final vestige of the Iron Curtain. But after years of financial crisis, many here in Europe’s heart are questioning their westward ties.

As membership in the E.U. becomes ever more a dour pledge to cut spending while opening borders to economic competition, anti-E.U. politicians in many countries have surged in popularity, capitalizing on the anxieties of voters who see dimming hope for the future. Hungary’s Prime Minister Viktor Orban has been at the front of the pack, passing electoral and economic revisions that critics say are far outside of European norms but that he says put his country’s interests first.
Read the rest here.

Wednesday, January 18, 2012

Hungary under intense pressure from EU over right wing constitution

The European Commission has launched legal action against Hungary's Fidesz government for violations of European Union treaty law and erosion of democracy, marking a dramatic escalation in the war of words with the EU's enfant terrible.

Hungary's defiant premier Viktor Orbán has no hope of securing vital funding from the EU and the International Monetary Fund until the dispute is resolved, leaving him a stark choice of either bowing to EU demands or letting his country slide into bankruptcy.

Yields on Hungary's two-year debt jumped to 9.17pc on Tuesday, an unsustainable level for an economy in recession with public debt of near 80pc of GDP. Hungary's debt was cut to junk status by rating agencies last week.

Capital Economics said Hungary must repay €5.9bn (£4.9bn) in EU-IMF loans and raise external funds equal to 18pc of GDP this year, the highest in Eastern Europe. Two-thirds of household debt is in Swiss francs, leading to a lethal currency mismatch as capital flight weakens the forint.

"Hungary is playing with fire," said Lars Christensen from Danske Bank. "The EU is not bluffing. It will let Hungary go over the edge to make the point that EU countries must play by the rules. Our worry is that Hungary's government has not yet got the message."
Read the rest here.

Hungary's new government is clearly trying to set up some kind of authoritarian system. The EU is not going to stand for it.

Thursday, October 20, 2011

EU Weighs Credit-Ratings Bans for Nations Getting Bailouts

Oct. 20 (Bloomberg) -- The European Union may ban credit- ratings companies from making assessments of nations receiving European or international bailouts as part of plans for tougher regulation of the industry.

“We are actively considering suspending or banning ratings” in cases where nations are making “full efforts” to implement assistance programs, Michel Barnier, the EU's financial services commissioner, told reporters in Brussels today. The measure may be included in a draft law that Barnier will present in November.

The EU may also force the companies to disclose the internal analyses they use when they decide to cut a government's rating, according to Barnier, who said that he wanted to ensure “there is a clear method” behind such downgrades.
Read the rest here.

Tuesday, May 10, 2011

Why Greece needs to default on its debt

SOMETIMES there is turmoil in the markets because a government threatens to do what is best for its citizens. This seemed to be the case in Europe last week, when the German magazine Der Spiegel reported that the Greek government was threatening to stop using the euro. The euro suffered its worst two-day plunge since December 2008.

Greek and European Union officials denied the report, but a threat by Greece to jettison the euro is long overdue, and it should be prepared to carry it out. As much as the move might cost Greece in the short term, it is very unlikely that such costs would be greater than the many years of recession, stagnation and high unemployment that the European authorities are offering.

The experience of Argentina at the end of 2001 is instructive. For more than three and a half years Argentina had suffered through one of the deepest recessions of the 20th century. Its peso was pegged to the dollar, which is similar to Greece having the euro as its national currency. The Argentines took loans from the International Monetary Fund, and cut spending as poverty and unemployment soared. It was all in vain as the recession deepened.

Then Argentina defaulted on its foreign debt and cut loose from the dollar. Most economists and the business press predicted that years of disaster would ensue. But the economy shrank for just one more quarter after the devaluation and default; it then grew 63 percent over the next six years. More than 11 million people, in a nation of 39 million, were pulled out of poverty.
Read the rest here.

Thursday, January 06, 2011

EU Wants Bondholders to Share Bank Bailout Costs

BRUSSELS (AP) — The European Union is moving ahead with plans to shield taxpayers from having to bail out big banks in the future, but there are substantial obstacles to making bondholders share losses.

The EU's executive Commission on Thursday presented plans that could give national regulators the power to force the owners of bank bonds to accept so-called haircuts — a reduction in the amount of money they are owed.

But the Commission stressed that any new bond rules would not affect existing debts — an issue that is closely watched in Ireland, where the government's commitment to guarantee struggling banks' debts pushed the country to the brink of default.

The EU proposal forms part of a larger package designed to give regulators the tools to deal with banking crises and keep institutions from becoming too big to fail.
Read the res here.

Thursday, October 07, 2010

EU considers legislation making abortion services compulsory for doctors

The right of doctors to refuse to refer women for abortions on conscientious grounds is under threat from the Council of Europe.

A draft resolution would end the opt out and compel medical staff to carry out the procedure itself against their wishes if patients have nowhere else to go for the treatment.

It also calls for a register of doctors who object to abortion on conscientious grounds and a complaints mechanism for women who feel aggrieved by a refusal of a doctor to either grant an abortion or to perform the procedure directly.

The resolution will be put to a vote of assembly members on Thursday and while it would not be legally binding on Britain, if it is formally adopted it would put pressure on member-states to ban conscientious objection as a protection for doctors.

In Britain, medical staff who object to the procedure can refuse to become involved and instead simply give information to patients and inform them of their rights to see another specialist.

But the resolution calls for all doctors to be forced to direct women to alternative centres which are willing to carry out abortions.

Politicians behind the move argue that growing numbers of doctors are refusing to become involved in abortions, depriving women, particularly from poor backgrounds, of treatment to which they are legally entitled.
Read the rest here.
H/T The Young Fogey

Saturday, June 13, 2009

Finland sends a priest to the European Parliament

I have mentioned in previous posts some disturbing goings on in the Finnish Orthodox Church. (here & here). Now there is an article in the New York Times about a Finnish Orthodox Priest who has been elected to the European Parliament. The Times notes that he has been suspended (though they do not use that term). But they also seem to have gone almost out of their way to avoid any discussion of what his positions are on political matters.

Indeed there is not a single political issue mentioned anywhere. I find it suspicious in the extreme that someone would write an entire article about an Orthodox priest elected as a European MP, taking note that his political affiliation is a left of center party and that the priest has been suspended, while declining to identify his position on any political issues. While much space is taken up with the good Father's opining that there is a long history dating to the days of the Empire of Orthodox clergy being involved in politics, not one sentence is devoted to explaining what his politics are.

Has Father Mitro sought election to public office in order to bear witness to Orthodox Christian moral values and spirituality in an environment that, I don't think would be unfair to characterize as a spiritual desert? Is he a missionary of God's Church to a body that seems to have forsaken God? For some reason my naturally cynical nature is telling me that if such were the case he would...

a) ...never have been elected in the first place.

and

b) If he were somehow elected the press (especially the Times) would either have ignored him or described him as a right wing extremist. I also strongly suspect that most of the other Euro MPs would have gone to great lengths to bar him from being seated in a body that is so notoriously anti-Christian that it has made repeated efforts to force the monks of Mt. Athos to permit women on the Holy Mountain and once refused to seat an elected MP who expressed as a matter of private religious belief that homosexual behavior was a sin.

All that said, I will forbear any judgment pending some clarification of his politics. But in the meantime you may color me highly skeptical.