Mario Draghi of the European Central Bank
Deadlock reached, the EU negotiators broke off talks with the insurgent left wing Greek government, and that government threw a Hail Mary pass by calling for a referendum on the austerity package on July 5. Meanwhile, a hefty repayment of debt is due on June 30, and commentators are talking about a Greek default, leading to a Grexit from the EU.
Interesting events, but a man who embodies all the virtues that Plato imbued his Philosopher Kings with is now entering the stage right. That man will avert the crisis and let negotiations (Read more…)
Tsipras lambasts ‘absurd proposals’ of creditors for Greece debt-deal failure | Business | The Guardian.
Filed under: Crisis, Eurozone crisis, Greece Tagged: Austerity, EU, Eurozone Crisis, Greece, Syriza, Troika
What good is a majority if it lands you in a minefield? Conservative prime minister David Cameron finds himself in that predicament after last week’s elections handed him a very slim majority.
He’s looking to slash about 12-billion quid from his country’s welfare budget. His “red meat” backbench are spoiling for a tussle with the European Union. And the other big winner, Scotland’s SNP, will pose a constant threat of stripping the “United” from United Kingdom.
From the Washington Post:
After unexpected political charisma and cunning propelled him to another term as Britain’s prime minister, David Cameron will now (Read more…)
David Cameron is wasting no time hammering rightwing nails in Britain’s coffin. He has served notice he’ll be making the most of his slim majority win last week and the first thing to go will be Britain’s Human Rights Act.
Just as Harper has Poillevre to do his slime work, Cameron has his own poindexter to axe the Human Rights Act, this guy, Michael Gove:
Cameron is also preparing his ransom note to the European Union. His win has unleashed a backbench clamoring for a new deal with the EU whereby Britain could opt out of EU (Read more…)
Le Monde reminds all of us why Syrzia matters not just in Greece, but across Europe and even on our side of the North Atlantic.
The Greeks don’t need to have the meaning of the word “democracy” explained to them. Even so, they have been given countless lectures since voting in a leftwing government determined to end the austerity policies that have made their lives a misery for six years. The schoolmasterly reprimands have come from people who know what they are talking about: they are people who imposed treaties their electorates had voted against and reneged on campaign promises (Read more…)
The European Union’s FQD, fuel quality directive, was once seen as a bitumen killer. It’s intended to encourage the use of lower-carbon oil and to kill off the European market for tar sand oil.
It had been reported that the Canadian government persuaded the Euros to drop the regulation, opening Europe to Athabasca exports. Now it seems the FQD isn’t dead after all.
The EU’s most senior energy official confirmed that the fuel quality directive (FQD) to encourage greener road fuels will not be scrapped at the end of the decade, as had been thought. Asked by the Guardian (Read more…)
*Update – The election results are in.
There might be hope for the people of Greece in their upcoming elections. Excerpts of an interview of Tariq Ali hosted by Kostas Vlahopoulos and Thomas Giourgas.
“3. What is your view of the current sociopolitical situation in Greece?
Tariq Ali: The situation is polarised. The fascists of Golden Dawn and the Conservative descendants of the wrong side in the Greek Civil war have the support of a sizeable section of the Greek population. This cannot be ignored and we do so at our peril. The emergence and growing support for (Read more…)
Over at Ricochet, I’ve transcribed my podcast interview with Yanis Varoufakis, economist and Syriza candidate in tomorrow’s Greek elections. With Syriza looking to get the most votes and possibly an outright parliamentary majority, I asked Yanis about the Greek economy, Syriza’s economic plans, his views on what these mean for Europe and how we can expect Greece to take its place in Europe come Monday. Here is the interview in full.
Michal Rozworski: I know this is an enormous topic but what is the current economic situation on the eve of the elections in Greece? Can you give a kind of snapshot?
Yanis (Read more…)
I’ve been visiting family in Poland for the past few weeks so, fittingly, this week’s podcast deals with the situation of the left at two opposite ends of the European periphery: Greece and Poland. My first guest is Yanis Varoufakis, professor of economics at the University of Athens and candidate for SYRIZA in this Sunday’s parliamentary elections. Syriza is the main Greek left party and is poised to take the most votes, potentially even form a parliamentary majority, on Sunday. Yanis spoke with me about Greece’s economy on the eve of the elections and Syriza’s economic (Read more…)
Just what does all this squabbling about greenhouse gas emissions really mean? What has to go into an effective climate change agreement? What factors are in play?
Here, courtesy of Vox.com, are a few charts that reveal a climate deal is both urgently needed and extremely difficult to craft.
First up, where we stand today. Annex B countries are the wealthy nations that participated in the Kyoto Accords. Non-Annex B countries, the poor nations and the emerging economic superpowers, now account for the lion’s share of global emissions.
Next is an illustration of per capita emissions. While we’re (Read more…)
Below: Demo in Poland protesting this weeks NATO summit in Wales
In an article published in Cuban state media iconic revolutionary leader, Fidel Castro, calls out NATO and imperialist war mongering. He compares statements by NATO representatives with Nazi SS talk.
Castro: “Many people are astonished when they hear the statements made by some European spokesmen for NATO when they speak with the style and face of the Nazi SS.”
Castro’s NATO remarks are timely given the summit currently underway in Wales that aims to increase troops and armaments in Eastern Europe in response to what NATO views as (Read more…)
Protest in Newport, Wales, against NATO aggression
Government leaders of NATO countries meet in Wales this week to make plans for the escalation of military preparedness, with Russia squarely in the cross hairs. This includes the likely endorsement of a rapid response force made up of as many as 4,000 soldiers capable of being deployed to any member state at short notice. It is also likely that the build-up of troops and armaments in Eastern Europe will be given the green light.
An article in World Socialist Web Site (WSWS) reports:
The NATO summit, to which Ukrainian President Petro Poroshenko (Read more…)
The sanctions being plastered on Russia by the US and her allies are already having a rebound effect, especially in Europe. Russia is not only the major supplier of the natural gas the Europeans will need to get through this winter, it’s also a key market for their exports. In these matters the EU and US are in different boats. Another key difference is that American sanctions are more heavily weighted on depriving Russia of access to credit – loans.
Here’s the rub. International finance is generally conducted in US dollars, the global reserve currency. Throughout the post-WWII era that’s (Read more…)
Below right: Black boxes being handed over to Malaysian delegation
Since the crash of Malaysian Airlines MH-17 in Ukraine’s Donetsk region, questions have been raised about why the plane was flying over a war zone. MH-17′s flight path on July 17 diverged from the path taken during its earlier flights over Ukraine. On previous occasions the plane flew a route further to the south, over the Sea of Azov – a route declared safe by the International Civil Aviation Organization.
According to flightaware.com on the day of the crash, MH-17′s flight path diverted northward taking the Boeing directly over (Read more…)
The presidential election in Ukraine was held on the same date as elections to the European parliament that resulted in an unprecedented showing by anti-immigration Euro-skeptic parties. The Ukraine election held in the midst of conflict and poll boycotts saw EU-friendly billionaire Pyotr Poroshenko – aka the “Chocolate King” – emerge the big winner, with rival Yulia Tymoshenko a distant second.
According to reports from Kiev, Poroshenko’s big win was a disappointment for many of the protesters who risked life and limb on Maidan holding out for the prospect of real change.
The victory by Ukraine’s “Willy Wonka” will be (Read more…)
by: Canadian Centre for Policy Alternatives | Press Release | May 28, 2014
OTTAWA – The proposed Comprehensive Economic and Trade Agreement (CETA) will only exacerbate the Canadian auto industry’s recent decline, says a study released today by the Canadian Centre for Policy Alternatives (CCPA).
The study, by Unifor economist and CCPA vice-president Jim Stanford, analyses CETA’s likely effects on Canadian automotive trade, investment, and employment and claims the trade deal will make Canada’s current trade imbalance with the EU incrementally worse. The study estimates that the existing $5.3 billion trade deficit with Europe will widen significantly as (Read more…)
Back in 2003, when Colin Powell presented “evidence” at the UN to back up the White House claim that Saddam Hussein had weapons of mass destruction, major US news outlets ran the story believing the Bush administration had the goods. During the UN presentation Russia’s ambassador at the time, Sergei Lavrov, greeted Powell’s “evidence” with a look of incredulous disbelief or perhaps disdain might be the better term. As we now know, the Russians were entirely right to cast scorn on Washington’s pack of lies about Saddam’s non-existent WMD.
In the current war of words-and-images on Ukraine, Russian media (Read more…)
There was a massive turnout in the Crimea referendum, with 81.3 percent of eligible voters participating. When the final tally was in 96.77 percent voted “yes” to integration with the Russian Federation. The way it breaks down in terms of numbers is 1,233,002 votes for integration out of a total of 1,274,096 ballots cast.
The head of the monitors’ commission, Polish MP Mateusz Piskorski, told RT: “The referendum has been organized professionally, considering there was very little time for all the institutions to prepare, all the staff for polling stations, for electoral commission… So when it comes (Read more…)
A leaked phone call between Estonian foreign minister, Urmas Paet, and EU foreign policy chief, Catherine Ashton, surfaced last week. It includes the suggestion that some party connected with the opposition – the current coalition in power in Kiev – was behind the lethal sniper attacks in Independence Square that killed scores of people.
Paet refers to a doctor who worked with those who had been shot by snipers in Independence Square… “Olga” by name. Russian media has identified her as Olga Bogomolets, chief coordinator of medical aid at the earlier main protest camp in Independence Square.
Paet to Ashton: (Read more…)
So the end-game plan for the US/NATO/EU alliance and the Western oligarchs and plutocratic elite who control it, in their bid to consolidate their present and highly precarious global dominance, seems to be, after encircling Russia and China with military bases and nuclear missiles, to eliminate Russia’s first strike response capability – which means, in […]
This week US president Obama raised concerns about Russian involvement in Crimea. He said he is “deeply disturbed” by the Russian move and that “Any violation of Ukraine’s sovereignty and territorial integrity would be deeply destabilizing.” He made reference to “costs” facing Russia for its “military intervention” – adding to warnings coming from other quarters.
It’s unsettling to listen as Obama piously evokes “sovereignty” and “territorial integrity” given the American hand in Iraq, Afghanistan and Libya.
The US is in a class of its own when it comes riding roughshod over other nation’s sovereignty and territorial integrity… US (Read more…)
Beneath: Banner of Nazi collaborator Stepan Bandera hangs in Kiev City Hall / Yulia Tymoshenko
The forcible removal of Victor Yanukovych’s regime in what has been likened to a “fascist putsch” has led to an unstable and potentially dangerous situation in the Ukraine. Terms such as “democratic revolution” used by MSM to describe what has gone down in Kiev is both naive and misleading. It isn’t unlike the rose-tinted heralding of a democratic revolution in Egypt… even as general SiSi was waiting in the wings to bring down the hammer and female journalists were being subjected to sexual assault by (Read more…)