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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.

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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

After the Brexit Referendum, a Fiscal Union Will be Brussels’ Surprise

The process of drawing up a joint EU budget has just commenced: it is the first step to a fiscal union. The idea of having a joint budget has long been pushed forward by the proponents of a more tight integration, just as it has been opposed by the European population at large. The term budgetary or fiscal capacity should be properly understood: it is a joint budget for the eurozone that will be governed by a real treasury in Brussels. To create a collective treasury, Europe’s social and economical model has to be brought in line. For this, Brussels wants all minimum wages to be equal. Martin Schulz, the President of the European Parliament, announced drastic reforms after the Brexit referendum. Following 23 June the aforementioned process of integration will gain momentum and it is likely to encounter upheavals because there is widespread aversion to federalization. Continue reading

Germany is Now the Sole Dominant Economic Power in Europe

The European Union does Germany a lot of good. To say that the country would develop better or worse without the common currency would be risky. However, the fact is that Germany is doing much better than other EU-members and the Eurozone has never been so dominated by one country. Germany has been growing faster at the regional as well as at the national level and has been gaining its relevance at others’ expense. Accusations of German supremacy may well be grounded, but then the question is who is to blame? Those who are able to improve or those who are lagging behind? Continue reading

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Protesters began gathering in Brussels on Thursday to show support for deposed president Carles Puigdemont and urge the EU to support their drive for independence from Spain. Chanting “Wake up Europe!” and waving Catalonia’s red, yellow and blue Estelada separatist flag, demonstrators gathered in a park near the headquarters of the European Union ahead of a march through the Belgian capital. Source: The Local



Two EU states have broken ranks on the US decision to move its embassy from Tel Aviv to Jerusalem. The moves, by the Czech Republic and Hungary, made it harder for the EU to claim it had a single position, even though the biggest member states – France, Germany, Italy, and the UK – stuck to the same line in opposing US president Donald Trump’s decision. Source: Euobserver



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Christine Lagarde, Managing Director of the International Monetary Fund (IMF), made the following statement today in Washington, D.C.:

“We are deeply concerned by recent events in Ukraine that could roll back progress that has been made in setting up independent institutions to tackle high-level corruption, including the National Anticorruption Bureau of Ukraine (NABU) and the Special Anticorruption Prosecutor’s Office (SAPO). Fighting corruption is a key demand of the Ukrainian society, is crucial to achieving stronger and equitable growth, and is part of the government’s commitment under the program with the IMF.

“We urge the Ukrainian authorities and parliament to safeguard the independence of NABU and SAPO. We also urge the authorities to move quickly with legislation to operationalize an independent anticorruption court consistent with the recommendations of the Venice Commission of the Council of Europe, which is essential to credibly adjudicate high-level corruption cases.” Source IMF





A Berlin art installation dedicated to “martyrs” has prompted outrage by including one of the Paris jihadist attackers alongside the likes of Martin Luther King and Socrates, with the French embassy calling the display “deeply shocking”. The so-called Martyr Museum by a Danish art collective shows the portraits of 20 people throughout history who “died for their convictions” accompanied by short biographies. Source The Guardian



The suspect had attracted attention by issuing terror threats on his Facebook profile, Sudpresse reported. According to a source close to the investigation, he reportedly said he “wanted to shoot policemen with a Kalashnikov”. An investigation was launched immediately, while the suspect’s badge was deactivated upon the order of the Public Prosecutor, who opened the investigation. The Federal Judicial Police at Charleroi subsequently carried out searches and wire taps, which yielded evidence that the suspect had pressured other members of staff to favour the employment of friends and people of North African origin. Source Brussels Times


The police used water cannons against AfD opponents. Several protesters had thwarted delegates in the morning on the way to the federal party convention in Hanover with seat blockades. For the course of the day more anti-AfD events are planned. The party convention of the AFD started late, because some delegates had problems getting to the venue. With sit-in blockades, opponents of the party had barred access to the convention center in Hannover in the morning. Source Suddeutsche Zeitung






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