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Tag Archives: European Union

As Germany and France Come Apart, So Too Will the EU

When is a nation-state no longer a functional state? It’s an interesting question to ask of the European nation-states trapped in the devolving European Union. Longtime correspondent Mark G. recently posed seven indicators of dissolving national sovereignty; here’s his commentary: “RE: The Ghosts of 1968 (February 14, 2018): In France the “Ghosts of 1968” have become the Poltergeists of 2018. This looks like another real watershed in European and world history. Once again...

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The Decline and Fall of the European Union

That a single currency, the euro, would fracture rather than unite Europe was understood long before the euro’s introduction as legal tender on January 1, 2002. The euro, the currency of 19 of the 28 member states of the European Union, is only one of the various institutions tying the member nations of the European union together, but it is the linchpin of the financial integration touted as one of the primary benefits of EU membership. Skepticism of the benefits of EU...

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“Whatever the cost may be…” Really???

“I’d rather be a poor master of my fate than having someone I don’t know making me rich by running it.” So says Sir Michael Caine, one of the great actors of our times, and I find it difficult not to sympathize with that. Yet Sir Michael isn’t speaking about his own personal freedom, but rather about Brexit. If quitting the EU requires the English people to pay more for imported goods, and perhaps even the costs of a recession, so be it. Brexit is a terribly...

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Italy vs the EU (again)

Italy is in a stalemate with the European Commission on its budget law, with the new “populist” government trying to twist the arm of the Commission. Yet the two parties that support the government, the Northern League and the Five Stars Movement, seem to be thinking mostly in terms of the upcoming (May 2019) European elections. They want to increase their consensus as defenders of national sovereignty against the all powerful Brussels. On Politico I try to explain...

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Citi’s “What If?” Scenarios: Part 2

Yesterday we published the first set of 7 "What If" scenarios that didn't make it into the Citi Credit team's (already rather gloomy) year-ahead forecast. Because while Citi's "base case" was clearly bearish (our summary can be found here), what was left unsaid was even more unsettling, if not troubling. As the bank's credit team wrote "what about the outcomes that didn’t quite make it into our base case? The scenarios that aren’t central, but which aren’t entirely implausible either – both...

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No Peace In Our Times: The Inevitability Of War

Via GEFIRA, “While people are saying, peace and safety, destruction will come on them suddenly, as labor pains on a pregnant woman, and they will not escape.” Are you, man or woman of Christian and European heritage, aware of this prophecy or do you prefer to live in a fancy world of happy-clappy wishful thinking that the brotherhood of men is about to put an end to human conflict once and for all? Though Christmastide is a time of merrymaking, it may also be a period of reflection. The...

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US Tax Cut and Rate Hikes Threaten China Currency

Authored by Valentin Schmid via The Epoch Times, Seven was the line in the sand. But the Chinese yuan never crossed that line vis-à-vis the U.S. dollar. It only crept up to 6.96 yuan per dollar on Dec. 16, 2016, before starting an impressive comeback, down to 6.5 in the middle of this year. Last year was a bad one for the Chinese economy. Growth was slow, and the world was worried China would finally land the hard way, as many have been predicting for years. And more than GDP growth or any...

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UK Foreign Chief Attacks Russia Before Moscow Visit

Authored by Alex Gorka via The Strategic Culture Foundation, Boris Johnson arrives in Moscow today to hold talks with his Russian counterpart Sergei Lavrov the next day – the first visit to Russia by a British foreign minister in five years. International security issues are to top the agenda, including North Korea, Iran and regional stability in the Middle East as well as security for the 2018 World Cup soccer tournament in Russia. This time the bilateral relationship is at the lowest ebb...

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Some Europeans Have Never Been Outside The EU

When it comes to holidays and travelling in general, Europe has a lot to offer. Cosmopolitan cities jam packed with culture, pristine beaches, excellent ski resorts, you name it. Given all of that, it comes as little surprise that many Europeans never travel outside the EU. As Statista's Niall McCarthy notes, the most recent Eurobarometer data showing the share of people who have travelled at least once outside the EU was published in 2014. You will find more statistics at Statista The...

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In Unexpected Move, Trump Enacts Obama-era Law Opening US Arms Sales To Ukraine

After years of covert American involvement in the Ukrainian proxy and civil war which has raged since 2014 - and which a leaked recording confirmed was precipitated by the US State Department - President Trump has decided to come off the fence regarding his prior reluctance to formally approve arms sales to the Kiev government. Late Wednesday the Washington Post first reported the bombshell news that after months of indecision over whether or not to move forward with Obama-era legislation...

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