Global Analysis from the European Perspective. Preparing for the world of tomorrow


EMU



How George Soros is meddling in the Italian elections

A few weeks ago, the United Kingdom woke up to the realization that its democratic process is vulnerable to the attacks by a foreign plutocrat seeking to overturn the result of the popular vote of British citizens via a second referendum on the European Union membership, or in case that was not possible, to overthrow government after government until the Hungarian-American oligarch got his way.

George Soros, replied by penning an article for the Daily Mail, in which he motivated his actions by “his love for Britain”, which somehow did not stop him from attacking the Bank of England in 1992, which cost British taxpayers billions. He simply knows better, and so demands the right to hijack the political process of a democratic country, despite not being a citizen, because he’s fighting against “mafia-states”. It speaks volumes about Soros’s concept of “Open Society” where he’d be free to run the political show of any country, in a borderless world, where any vote contrary to his would be made null and void. Continue reading

Why Stratfor is wrong on its Italian election analysis

Stratfor recently published a piece covering the imminent Italian elections and presenting its conclusions on the topic. The article, however, wrongfully presents a number of issues, which may lead prospective investors astray.

In the first paragraph introducing the populist candidates and parties running for the Italian parliament, the author, an alleged expert according to his own profile on anti-establishment movements states: “The right-wing Northern League, for example, has (…) proposed a referendum on Italy’s membership in the eurozone”. This isn’t true. The Northern League wants to leave the euro without going through the referendum because it thinks Italy would get battered during the political campaign over it. It was just a month ago when the party’s candidate for the position of Prime Minister, Matteo Salvini, called the referendum idea stupid.It is not the Northern League but the other “populist” movement, Movimento 5 Stelle, which opts for a referendum.

Continue reading

George Soros secretly rushes to Italy as NGOs activity in the Mediterranean now face political and judicial scrutiny

In the past few weeks, the transport of migrants from the African shores has become a case of national importance for Italy, and is now under investigation from the prosecutor of Catania, who recently testified to the Defence Committee of the Italian Senateand will meet soon with the Superior Council of the Magistrates.
Harsh criticism of the activities of the NGOs has come from opposition parties Forza Italia,Lega Nordand even Movimento 5 Stelle,normally more neutral on immigration issues, while Prime Minister Gentiloni has opted to let the judicial system run its course.
Yet, a new element will further exacerbate the situation; George Soros, a billionaire who is incredibly active politically on both sides of the Atlantic,met in secrecy with Prime Minister Gentiloni,less than a week after the latter had commented on the NGOs activities. The meeting was not listed on the website of the Italian government as official and its timing is at the very least suspicious.

Continue reading

TARGET2; European Banking Crisis is Escalating Again

Problems of Deutsche Bank, Commerzbank, Monte dei Paschi and other German, Italian and Spanish banks are not the only concern of the European Banking System. Trouble is much deeper than it is thought because there is a systemic imbalance that has been increasing for almost ten years. Politicians do not want to tell us the truth, but soon we will experience the same crisis in the Monetary Union as we did in 2012.

The extent of the problems in the European Banking System is TARGET2 and its balances of the National Central Banks of the Eurosystem. These balances, or rather imbalances, reflect the direction of the capital flight. And there is only one way: from Southern Europe into Germany. After Mario Draghi’s famous words “I do whatever it takes to save the euro”, things seemed to improve; however, since January 2015 problems have been escalating again. Continue reading

Brexit Has Little Relevance

From an economic point of view, Brexit is not a big issue as we have already warned many times. We informed our readers beforehand that fear-mongering by Soros, Zerohedge and their likes would result in an unjustified market sell-off. We do not believe that global economy is doing fine, and we see enormous trouble ahead. With the absence of a sustainable global growth, hedge fund managers try to create turbulence in the market to reap a profit.

In the first seconds of June 24 trading day, just as the Brexit results were announced, the losses (and profits) due to the engineered panic were gigantic. If we only take a closer look at the numbers for the ESX, DAX and FTI futures, more than 200 million euros evaporated within one day. Because this is a zero-sum game, somebody must have made unbelievable profits. Continue reading

Brexit: Germany Gains Power From Merkel’s Disastrous Policy

As we predicted, Cameron resigns after the British have cast “a leave vote” but Germany’s Chancellor Merkel is to blame for the disastrous result of the referendum.

Last year she mishandled three problems:

 

  1. In 2015, under Angela Merkel’s leadership, the problems in Greece span out of control and Yanis Varoufakis, the finance minister of Greece, was able to jeopardize the whole euro project;

  2. When in 2015 millions of refugees were heading for Europe, it was Angela Merkel that single-handedly, without consulting her political counterparts in Warsaw, London or Rome, decided how Europe had to deal with it ;
  3. Chancellor Merkel held talks with Erdoğan: Turkey was being considered as a member-state of the European Union, which lacked any support in Europe whatsoever .

No wonder the British voters came to doubt the democratic legitimacy of Brussels as they saw Berlin mishandle the European project. Continue reading

gif loading



VIDEOS

MORE NEWS

Protesters demonstrated outside the Palace of Justice in Sofia against the arrest of two reporters who were detained last week in Bulgaria while investigating alleged fraud involving EU funds. Some 200 people demonstrated outside the Palace of Justice in central Sofia on Monday evening against the arrests last week of Romanian and Bulgarian investigative reporters who were working on a story about the abuse of EU funds. Source Balkan Insight


The deputy prime minister called public newspapers “propaganda to defend the interests of a narrow elite.” The newspapers that receive some public funding are “polluting public debate, and they are doing it with public money.” Di Maio said that he was preparing a bill to stop tax money going to print media. He also maintained that by receiving public funds and gaining money from advertising, newspapers were  making “double” the money at the citizens’ expense. Source Deutsche Welle





Italy has blamed French interference for the latest bout of violence in the Libyan capital, where deadly clashes between rival militias have cast further doubt on planned December elections brokered by Paris. In a barely disguised attack on French diplomacy on Monday, Italy’s firebrand deputy Prime Minister Matteo Salvini suggested French meddling was to blame for the renewed clashes in Tripoli – and for plunging Libya into chaos in the first place. Source France







gif loading

The European Central Bank has grown concerned about the exposure of some euro zone banks to Turkey following the lira’s plunge, the Financial Times reported. Banco Bilbao Vizcaya Argentaria SA, UniCredit SpA and BNP Paribas SA are particularly exposed after the Turkish currency lost more than a third of its value this year, the newspaper reported, citing unidentified people familiar with the matter. A lot of ill-informed European companies invested in Turkey. It shows how the European establishment misread the world. Source: Bloomberg


oland, whose right-wing government opposes taking in migrants, may have to look to Filipino workers to cover a growing labor shortage hurting the economy, a senior official said Saturday. “We are on course to conclude an agreement. I hope that in the autumn we will be able to at least sign a preliminary accord” with the Philippine authorities, Deputy Labor Minister Stanislaw Szwed said according to a PAP news agency report. Source Emerging Europe





There are sinister warnings emerging from within the UK car industry over a no deal Brexit, with Nissan boss Carlos Ghosn saying that his firm was ‘in the dark’ over Brexit and hinting that the company could quit the UK. ‘We have said very clearly we want to maintain the competitiveness of the UK,’ said Ghosn yesterday. ‘Obviously for us the stakes are very high, but it’s difficult to tell you what kind of decision we’re going to take without knowing exactly what is Brexit.’ Source Motor1


German inflation surpassed the target set by the European Central Bank for the euro zone in June, the second month in a row it has done so, lending support to the ECB’s decision to close its bond purchase scheme at the end of the year. Data published by the Federal Statistics Office on Thursday showed that EU-harmonised German consumer prices rose 2.1 percent year-on-year. The same measure had increased by 2.2 percent in May. The yearly figure matched a Reuters forecast. Source Euronews




French President Emmanuel Macron said on Thursday populism was spreading across Europe like a disease that Europeans should fight more vigorously instead of criticizing the actions of pro-European governments like his. Italy’s anti-establishment leaders, clearly assuming Macron was referring to them, hit back by dismissing the 40-year-old French president as a “chatterbox” and accusing him of hypocrisy in his stance over immigration. Source Reuters 



gif loading
 
Menu
More