Tag "Eurocrisis"

Making sense of Obama’s billion dollar hammer

You probably heard it by now: Obama has pledged a billion dollars to what my “beloved” BBC called “European security”. The official name for this initiative is the “European Reassurance Initiative”.  You see, Obama and the BBC apparently believe that Europeans are really terrified and that they believe that the Russian tanks might roll into Warsaw, Athens, Rome or Lisbon at any time.  The good news is that Uncle Sam

The gates of Hell are opening for the Ukraine

written specially for the Asia Times   Just as I have predicted in my last piece about the developments in the Ukraine, European politicians and Ukrainian opposition parties have gone into overdrive to attempt yet another color-coded revolution in Kiev.  The normally demure and low-key Eurobureaucrats have suddenly found it themselves to castigate Russia with irate statements about “unacceptable Russian interference” while their own diplomats actually went on stage to encourage

Russia between Cyprus and China

The last couple of days have been truly of immense, historical, importance for Russia, first because of the hugely important visit of  Xi Jinping, the President of the People’s Republic of China, General Secretary of the Communist Party of China, and the Chairman of the Central Military Commission. During this visit the Chinese side stressed that it was highly symbolic that Xi Jinping had chosen Russia as the first country

82 people arrested in Spain as mass protests sweep across Europe

RT reports:  Eighty two people have been arrested and 38 injured, including 18 police officers, as Spanish police react swiftly to reports of property damage and disorderly behavior while mass protests that began in Spain continue to roll out across the EU. ­A wave of anti-austerity anger is sweeping across Europe. Spain and Portugal are undergoing general strikes, whereas Greece and Italy are seeing many walkouts. In Spain – the

The definition of insanity

They did it again.  This time it is Spain – or rather, Spanish banks – which are getting a 100 billion Euros bailout in exchange for a wide and comphensive program of austerity measures by, no, not the Spanish banks, but the Spanish people. You got to admire the brazen arrogance of this system. First, the banks screw the people, then the international plutocracy makes it a condition to further

Europe’s Transition From Social Democracy to Oligarchy

By Michael Hudson for Frankfurter Allgemeine Zeitung via Information Clearing House The easiest way to understand Europe’s financial crisis is to look at the solutions being proposed to resolve it. They are a banker’s dream, a grab bag of giveaways that few voters would be likely to approve in a democratic referendum. Bank strategists learned not to risk submitting their plans to democratic vote after Icelanders twice refused in 2010-11