PHOTOS: Alberta Premier Rachel Notley, surrounded by Calgary New Democrat MLAs in this screen shot of yesterday morning’s news conference in Calgary, announces her new government’s new royalty policy, which is pretty much the same as the old govern… . . . → Read More: Alberta Politics: Second verse, same as the first! Notley Government decrees no change to Alberta’s royalty regime
Is it the Euro or is it Angela Merkel – or both? Whatever the case, Merkel’s brutal subjugation of Greece has the neighbours outside the Eurozone good cause to think twice about joining the common currency, the Euro.
Once, it was an exclusive club that nearly all of Europe aspired to join. Now, in . . . → Read More: The Disaffected Lib: Guess Who’s Coming to Dinner? No One, Angela, No One.
The Eurozone is at best a mechanism for corporate control and convenience. The powerhouse nations like Germany, Britain and France have disproportionate wealth as compared to other countries such as Italy, Spain and of course
PHOTOS: Leaders of the Greek military government of 1967 to 1974. Is something similar waiting in the wings if the eurozone leadership’s effort to terrorize the Greeks into voting Yes to never-ending austerity fails today? Below: Greek Prime Minister Alex Tsipras, former Canadian prime minister Jean Chretien and Nobel-Prize-winning American economist Paul Krugman. Recent Western . . . → Read More: Alberta Politics: The effort to engineer regime change in Greece could lead to a much bigger disaster
This week has been a taste of what the economy would look like with a real rupture with the Eurozone: uncertainty, elite blackmail, banks teetering on the brink and the start of rationing. That the mobilization of Syriza and the left outside it has overcome this and made Oxi a possibility is impressive. Greece and . . . → Read More: Political Eh-conomy: Oxi: a political opening amid economic ruin
This week has been a taste of what the economy would look like with a real rupture with the Eurozone: uncertainty, elite blackmail, banks teetering on the brink and the start of rationing. That the mobilization of Syriza and the left outside it has overcome this and made Oxi a possibility is impressive. Greece and . . . → Read More: Michal Rozworski » Political Eh-conomy: Oxi: a political opening amid economic suffocation
For sale? Owner must sell …
Right now a battle of Homeric proportions is being waged for the future soul of the European Union.
On one side are the Teutonic bookkeepers of the EU, led by Merkel of Germany and Cameron of Britain. On the other side is the tiny, profligate, bankrupt state of . . . → Read More: CuriosityCat: Grexit, schmexit: It ain’t gonna happen
Source: European Parliament
A number of commentators on the European elections have pointed out a number of outcomes from the recent EU elections. On a country by country basis, significant blows have been dealt to various social democratic parties – France in particular, but also Spain (Greece’s PASOK doesn’t even factor into the . . . → Read More: Parchment in the Fire: The European Centre Right Hardest Hit in EU Elections
Hundreds of protesters arrested in Brussels as business leaders debate ‘maintaining citizen’s trust’ | EurActiv.
Filed under: Capitalism, Democracy, Europe Tagged: Eurozone, TTIP
. . . → Read More: Parchment in the Fire: Hundreds of protesters arrested in Brussels as business leaders debate ‘maintaining citizen’s trust’ | EurActiv
What a Greek euro exit could mean for Canada CBC News Posted: May 25, 2012 1:44 PM ET
This doesn’t sound like much of a Canadian crisis to me, and as for a real estate bubble..doesn’t matter what you ‘blame’ it on, much of big-city Canadian housing is horribly overvalued and has been . . . → Read More: Left Over: Crisis? What Crisis?
In the current Eurozone crisis Greece has been unfairly cast as the “black sheep” of Europe. Greece isn’t alone in being negatively impacted by neoliberal economic policies – policies that have precipitated a meltdown in the Eurozone and a growing gulf between classes. It isn’t a Greek crisis, it’s a European crisis, a crisis . . . → Read More: Drive-by Planet: Alexis Tsipras of SYRIZA: Impact of austerity on Greece ‘catastrophic’
… get the memo that socialism is dead? I guess not. And combined with the Greek election results, this might prove to be very interesting as Germany pushes the austerity agenda… Wow. Europe is a train wreck, eh? Trashy, Ottawa, Ontario
Michael Hudson asks: “In light of the enormous productivity gains since the end of World War II – and especially since 1980 – why isn’t everyone rich and enjoying the leisure economy that was promised?”
The answer (per Hudson) is painfully obvious, but bears repeating (ad infinitum):
What was applauded as a post-industrial economy . . . → Read More: bastard.logic: Breaking it Down: Industrial Capitalism vs. Financial Capitalism (or, Why We’re F*cked)
What a dramatic few days we have just lived through! The grandest experiment in modern history – the European Union – has weathered a major threat to its existence, with 27 governments gathering in Brussels, and 26 agreeing on a roadmap for future stability and closer fiscal union. And the one country that is half-in . . . → Read More: CuriosityCat: The Eurocrisis – A Gallic snub, No Haircuts & More Stability Funds
Lissen up, David: Click here!
And listen especially hard when Kenny Rogers has this to say: And the night got deathly quiet, and his face lost all expression.Said, “If you’re gonna play the game, boy, ya gotta learn to play it right.
You got to know when to hold ’em, know when to fold ’em,Know . . . → Read More: CuriosityCat: UK’s Cameron needs to take a lesson from The Gambler
Chancellor Merkel’s glacial crawl towards the creation of an all-powerful EuroCop with powers to veto the budgets of Eurozone nations is beginning to make Prime Minister Cameron a bit nervous. Cameron is on the outside, looking in, but is itching to give advice to the 17 European Union members of the Eurozone about how to . . . → Read More: CuriosityCat: David ‘Two-Speed’ Cameron and the EuroCop
The figures seem to show it would, according to Landon Thomas in The New York Times: This Lady ain’t for stampeding …
Bernard Connolly, a longtime critic of European policies, estimates that it would cost Germany, as the main surplus country in the euro zone, about 7 percent of its gross domestic product a . . . → Read More: CuriosityCat: Will Germany pay more for helping save the Euro than it paid for losing the War?
David Cameron wants a pound of flesh in return for the UK agreeing to changes to the EU Treaty to bring on closer fiscal union in the Eurozone. Pushed by the Euroskeptics in his party, he has to pander to them by trying to change the deal and repatriate more power to the UK government. . . . → Read More: CuriosityCat: Chancellor Angela Merkel’s bypassing tactic on its way to success
The Financial Times has a very good article, which states Chancellor Merkel’s position on the ‘eurozone crisis’ very clearly: It needs a better disciplined, closer fiscal union with penalities for those who step over agreed lines, and not a quick fix of having Germany carry the burden of the bad debt of the weaker countries.
. . . → Read More: CuriosityCat: It’s High Noon and a lone Merkel faces off against a horde of armed investors
David Cameron rubbed his hands in glee a few weeks ago when Angela Merkel insisted that the European Union treaty be amended as part of her agreement to save weaker countries from bankruptcy.
Because amendments require 100% approval by all members, Cameron thought that he could bargain with the Iron Chancellor and claw back rights . . . → Read More: CuriosityCat: Angela Merkel tosses Cameron a bone and presses on with Little EU amendments
Uh oh. I see that Eurozone leaders don’t like George Papandreou’s idea for a shit kebab referendum.The leaders of Germany and France told Greece on Wednesday it would not receive another cent in European aid until it decides whether it wants to s… . . . → Read More: Montreal Simon: The Shit Kebab and the Democratic Deficit
Gavin Hewitt, the Europe Editor of the BBC News, has written an incisive article today about what is at stake with the Greek Prime Minister’s call for a referendum on the EU austerity proposal.He draws a sharp distinction between the PM’s call that dem… . . . → Read More: CuriosityCat: Democratic Greeks fight the German and French Bullies
Anyone wanting to know how to deal with the banks should not look to President Obama but to Chancellor Angela Merkel of Germany. Deep Throat in BrusselsDeep Throat has it on good authority that Merkel is a fan of the famous Godfather movies of Francis … . . . → Read More: CuriosityCat: Godfather Merkel’s Offer the Banks could not refuse
Harper’s new Tories finance minister todaywent on record to spur on steps to combat the sovereign debt crisis. Consider his words:Finance Minister Jim Flaherty on Sunday repeated his calls for European leaders to deal with an ongoing financial cr… . . . → Read More: CuriosityCat: Harper Tory hypocrisy in full view re EU crisis
Well, here’s something rather unusual… Appearing earlier today on BBC, Alessio Rastani, an independent stock trader, confessed to a stunned interviewer that, like most of his colleagues on Wall Street (or in the City of London), they “don’t really care … Continue reading → . . . → Read More: Red Tory v.3.0.3: Dreaming of Recession