Archive for July 6th, 2011

Guess which bankrupt EU state is the world’s fourth biggest arms importer (spectrezine)

Wednesday, July 6th, 2011

It’s more than two thousand years since Greece was a superpower, yet its leaders prefer bombs to books, says Steve McGiffen. Nothing exposes the hypocrisy of those currently running the EU and almost every one of its member states more than the recent discovery by French journalist Jean-Louis Denier that the Greek government is being encouraged to spend vast sums of money on a range of hardware which no-one needs and no sane person wants. -> Read more: Guess which bankrupt EU state is the world’s fourth biggest arms importer (spectrezine)

US airlines sue EU over emissions caps (Deutsche Welle)

Wednesday, July 6th, 2011

Beginning next year, the EU will force airlines flying to and from Europe to buy carbon permits for 15 percent of every flight’s emissions under the 27-nation bloc’s emission trading scheme (ETS).  The program already applies to 11,000 factories and power plants.

United Continental and American Airlines joined the Air Transport Association of America before the European Court of Justice on Tuesday, and argued that imposing the system on foreign companies violated international aviation and climate change agreements.

-> Read more: US airlines sue EU over emissions caps (Deutsche Welle)

Faymann wants European rating agency (austrianindependent)

Wednesday, July 6th, 2011

The Austrian Social Democrats’ (SPÖ) appeal to install a European credit rating agency has found prominent support. Siemens board member Brigitte Ederer said today (Weds) she had been in favour of the idea “for many years.” The former SPÖ state secretary told radio station Ö1 that the “dominance” of US American institutions “had consequences.” -> Read more: Faymann wants European rating agency (austrianindependent)

Generations of Pork - How Greece’s Political Elite Ruined the Country (spiegel)

Wednesday, July 6th, 2011

The latest tranche of loans from the EU and the IMF has helped buy debt-ridden Greece some time. But the Greeks will find it hard to get back on their feet. Their country has been ruined by three political dynasties, which created a bloated system of cronyism that is hard to change. -> Read more: Spiegel online: Generations of Pork - How Greece’s Political Elite Ruined the Country

Time to Wake Up, Germany (spiegel)

Wednesday, July 6th, 2011

Are we suffering from some new type of political paralysis? Why is it nearly impossible for our citizens to tell anymore what is at stake — or if there is anything at all at stake beyond winning the next election? Does Germany — does Europe — have any goals its citizens might be able to identify, beyond reviewing write-offs for commuters or debating whether to eventually cut taxes after all? …

… It’s strange, really. The world around us is changing with increasing speed, with new centers of political power and economic growth forming in Asia, while Germany argues in and about Europe, seemingly running in place. Yet Germany — a major exporter of goods and thus more dependent on global trends in development and growth than almost any other country in the world — ought to have an interest in spearheading this movement and helping to shape these global changes. -> Read more: Time to Wake Up, Germany (spiegel)

Joint trips for Flemish and Dutch leaders soon? (

Wednesday, July 6th, 2011

The Dutch and Flemish Prime Ministers, Mark Rutte and Kris Peeters (Christian democrat) could soon be heading off together. At a meeting at a castle in Puurs (Antwerp) on Monday the two leaders agreed that Flanders and the Netherlands would in future organise joint trade missions. -> Joint trips for Flemish and Dutch leaders soon? (

Deutsche stehen zu Europa (Stern-Umfrage) - Une large majorité d’Allemands croient en l’UE et en l’Euro (sondage du Stern)

Wednesday, July 6th, 2011

Drei Viertel der Deutschen (74 Prozent) beklagt allerdings, dass es in der EU zu wenig demokratisch zugehe und die Bevölkerung kaum Einfluss auf Entscheidungen habe. Skeptisch sehen viele Bürger auch die Zukunft des Euro: 37 Prozent glauben, dass er keinen Bestand hat und die Euro-Staaten wieder nationale Währungen einführen werden. -> Mehr lesen: Deutsche stehen zu Europa (Stern-Umfrage)

Trois quart des allemands constatent cependant que l’UE se développe de façon très peu démocratique et que les citoyens n’ont aucune influence sur les décisions. 37% (un tiers seulement) pensent que l’Euro n’a pas d’avenir et que les états membres vont revenir à la monnaie nationale… -> Original allemand: Deutsche stehen zu Europa (Stern-Umfrage)

Euro/Dollar l’impossible dialogue (lepost)

Wednesday, July 6th, 2011

Or ce qui est frappant dans les communications des banques centrales c’est qu’elles ne parlent pas la même langue, économiquement parlant il.s’entend. Il ne suffit de s’exprimer en “international global financial and international english” tous deux pour parler la même langue. En effet, aucun commentateur de l’actualité, aucun bonze des marchés, aucun économiste ayant accès au média ne font remarquer la différence de discours.Quand les Européens communiquent leur taux, les Américains se focalisent sur la masse monétaire en circulation. Il est vrai que nous vivons une époque de communication, c’est un lieu commun. Mais, la distorsion entre les deux discours est symptomatique d’un dialogue impossible. Il révèle une référence à des théories économiques différentes, des histoires institutionnelles divergentes, et enfin constitue en lui-même un facteur de déstabilisation. …

Face à la déstabilisation de Washington, les réponses sont ailleurs : lutte contre l’afflux de capitaux comme le font les BRIC, et discours clair et fort : non les Dollars de M. Bernanke ne sont plus les bienvenus dans notre système. -> Lire l’article: Euro/Dollar l’impossible dialogue (lepost)

Les nouveaux Balkans (Tribune de Genève)

Wednesday, July 6th, 2011

C’était le 25 juin. En 1991, il y a vingt ans exactement. La Slovénie et la Croatie proclamaient leur indépendance, signant ainsi le début de l’éclatement de la Yougoslavie. Que sont devenues les six républiques qui la composaient? Ont-elles réussi leur transition vers la démocratie et l’économie de marché? La réalité est des plus contrastées. Tour guidé dans cette nouvelle zone d’adhésion à l’Union européenne. -> Les nouveaux Balkans (Tribune de Genève)

Barroso to Moody’s: ‘EU institutions know Portugal better’ (euobserver)

Wednesday, July 6th, 2011

Portugal-born EU commission chief Jose Manuel Barroso on Wednesday (6 July) accused American credit rating agency Moody’s of being “biased” and “speculative” for downgrading its assessment of Portugal’s debt payment capacity. -> Read more: Barroso to Moody’s: ‘EU institutions know Portugal better’ (euobserver)