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Tag Archives: European Union

Greece is given lifeline, but Sunday could be the end

greek flag

Greek ministers met with the EU, ECB and IMF leaders on Tuesday. The meeting resulted in a short-term loan to keep their banks afloat, but only until Sunday. Greece’s banks had almost completely run out of money. To help Greece survive until the meeting on Sunday, the European Central Bank (ECB) offered a small run of liquidity to Greek banks in trade for increased ...

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Will Greece turn to outright socialism?

Socialist flag

Red flags abound (pardon the pun) as Greece struggles with the results of decades of socialist-leaning policies. Socialism, as Lenin taught, is the pathway to communism, but the two are distinct. Both decry private ownership of property. Socialism puts command of industry in the hands of the government while communism gives ownership to the people (kind of.) Both result in lower ...

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Eurogeddon – Greece gives EU the one finger salute

Greek protester

The polls are in and Greece’s citizens have decided to reject the austerity measures required by European creditors to secure more credit. In a sort of nationalistic pride, the ‘no’ vote seems to have won as citizens agreed with Greek Prime Minister Tsipras that EU leaders were acting like terrorists. Citizens see the austerity measures as blackmail – forcing them ...

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Greece Votes!

"Hellenic Parliament from high above" by Gerard McGovern

Greek polls have closed and the indication from exit polling data is that Greece will thumb its nose at the European Union. With just 20% of the vote officially tallied, the no’s are leading the yes’s 60% to 40%. A ‘No’ vote (OXI) means that Greeks refuse the spending cuts and financial restructuring measures required by the nation’s creditors in ...

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Germany begs Britain not to leave the European Union

EU flag

International finance news has been singularly focused on Greece and its possible exit from the EU, but there is another EU Island nation considering a break from the European Union. The British Conservative government has found dealing with the EU to be a bureaucratic nightmare and Prime Minister David Cameron has made public comments about his dissatisfaction with it. The ...

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EU goes Marxist, little opposition from citizenry

Europe turns to Marxism

Willing to do just about anything to avoid the collapse of their treasured Euro, Europeans are considering marxist policies so to save a failing currency. The Telegraph  reported that “Wealthy households would face new taxes on property and other assets under German plans to prop up the struggling eurozone.” When governments turn to the producers in their countries to fund ...

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EU Unemployment: Ouch!

europe 2008 rebecca 245

European unemployment for May reached 11.1% making it the highest ever for a single currency area. Nearly, one in four adults in Spain is now unemployed but for the under 25 age group a critical 52% in Spain and Greece are unable to find work.  In total, 17.6 million people were out of work in the Eurozone in May, up ...

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Adieu France, So Long Stability

French Socialist President Francois Hollande’s newly elected government is planning to raise taxes on big companies while deterring businesses from engaging in layoffs by making that process more costly. Hoping to nudge companies into investing rather than paying profits to shareholders, the government plans to impose a new 3% tax on dividends. Other plans include raising levies on capital gains, ...

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A Year of Historic Elections

The year 2012 is rapidly becoming a year of historic elections. Greece held one recently where no single Party won enough of the vote to form a government. In ensuing weeks, no progress was made by the nation’s Parties while negotiating to form a coalition. This potentially could lead to a chaotic situation – not just for Greece. The eventual ...

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Bad News for Globalists

European business activity fell in May, nearing a 35-month low, according to a survey by Markit. Its survey, based on European manufacturing and service sectors, fell to 45.9. The euro fell to a 22-month low against the dollar in response. Disagreement at Wednesday’s summit between European leaders about how to solve the dilemma did nothing to boost confidence. Chris Williamson, ...

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UK Parliamentarian Blasts Greek Technocrat over Violence, Economic Meltdown!

Well he’s not well known in America, except for political geeks like me, but over in Europe Nigel Farage is known as a political firebrand who supports the democratic leadership of European nation states and vehemently opposes a one world order. His speeches are viral on the Internet and this week he delivered another sizzler to the European Parliament. U.K ...

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European High court upholds jet plane carbon tax

A law requiring flights into and out of the European Union (EU) to pay a carbon tax was upheld by the European Court of Justice on Wednesday saying that, “application of the emissions trading scheme to aviation infringes neither the principles of customary international law at issue, nor the open-skies agreement.” The law requires that any aircraft landing or taking ...

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