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Events in Greece Could Follow the Cypriot or Argentine Scenario

...With the debt and financial situation the way it is, Brussels (EU), Frankfurt (ECB) and Washington (IMF) can hardly risk making drastic decisions regarding Greek debt. After all, the response could be a declaration of default on the Greek government’s obligations, which total around €320 billion. It would be more than enough to cause a chain reaction involving the bankruptcies of European banks and companies which, in turn, could bring on government defaults and the collapse of the house of cards known as the European Union...

Valentin KATASONOV | 26.03.2015


 

Cameron Invokes Thatcher with Cheap Propaganda Stunt

...With only weeks to go to the British national election and the re-election of a Conservative-led government in doubt after five years of brutal economic austerity, Cameron made the bizarre announcement last week that Britain is going to fund «free market reforms» and «good governance» in eastern European countries. The move invited comparisons with Cold War era British premier Margaret Thatcher who at the end of the 1980s launched a similar programme to assist former Soviet Bloc countries adopt «free market reforms»...

Finian CUNNINGHAM | 24.03.2015


 

Intriguing Moments of EU Russian Policy

...The anti-Russian consensus in Europe formed after the Malaysian Boeing tragedy, when the plane was hit by someone who was pursuing a very definite goal, is waning and the European Union uses murky wording to cover it up. No matter all the declarations made by officials about European and transatlantic unity, media openly discusses the split on the issue of anti-Russia sanctions... It’s too early to say there a change in EU policy looming. But, definitely, there is a need to alter the course. It’s not just the economic interests of business dealing with Russia. It’s the fate of the European project itself...

Arkady DZIUBA | 22.03.2015


 

The ECB’s Noose Around Greece: How Central Banks Harness Governments

Remember when the infamous Goldman Sachs delivered a thinly-veiled threat to the Greek Parliament in December, warning them to elect a pro-austerity prime minister or risk having central bank liquidity cut off to their banks? It seems the European Central Bank (headed by Mario Draghi, former managing director of Goldman Sachs International) has now made good on the threat.

EDITOR'S CHOICE | 21.03.2015


 

Netanyahu Charges that Scandinavia Is Part of Conspiracy against Him: The Opposite Is True

In the final countdown to the Israeli election, Israeli Prime Minister Binyamin Netanyahu charged that there was a vast left-wing international conspiracy against him with the primary perpetrators being the Scandinavian countries... However comical Netanyahu’s statements about Scandinavia serving as the center of anti-Likud worldwide operations, it is true that Israel has, for decades, infiltrated Scandinavian political parties, parliaments, newspapers, and intelligence agencies to promote Israel’s cause diplomatically and in the media...

Wayne MADSEN | 19.03.2015


 

Where is Greece going?

EDITOR'S CHOICE | 18.03.2015


 

Kiev Shifts Goalposts as Merkel Skews Wide

...The question is: what are the German and French governments doing about this systematic goalpost shifting by their sponsored regime in Kiev? They are supposed to be guarantors of the Minsk accord to ensure all parties abide by the terms. What is the Organisation of Security and Cooperation in Europe (OSCE) doing about it? The OSCE is charged with ensuring compliance of the ceasefire, yet when it comes to the above transgressions by Kiev, the organisation appears to turn a blind eye... Poroshenko accuses Russia of waging war on Ukraine, and he maintains – against all the evidence – that the Kiev regime is living up to every aspect of Minsk. Merkel, by his side, dignifies this absurd nonsense...

Finian CUNNINGHAM | 18.03.2015


 

Prolegomena to Any Future Understanding of the Crisis in Ukraine

The political and military maneuvers now going on in the Ukraine have the potential of escalating out of control. If we don't understand the actual reality that has brought about this crisis there is no hope of being able to prevent this escalation. In order to understand this reality we must refrain from simple minded finger pointing at one side or the other and assigning complete responsibility for the crisis to one of the parties in the dispute, although one side may be disproportionately responsible.

EDITOR'S CHOICE | 11.03.2015


 

World Public Debt – Main Destabilizer of Global Economy

Winding up the discussions launched by the articles A Panorama of Global Debt and Global Debt: The Tip and the Bulk of the Iceberg, it’s important to focus on the conclusions offered by the authors of McKinsey consulting company’s report. They say that the world public debt has become the main factor to cause the destabilization of global financial and economic situation. It’s necessary to look for ways to slow down the debt growth, if not reduce it. The first wave of world crisis was mainly provoked by fast growth of financial sector, corporative and household debt. The second wave will probably be caused by the increase of national debts. 

Valentin KATASONOV | 10.03.2015


 

Why Can’t the Islamic State Be Eradicated?

In the 13-odd years since the US declared a «global war on terror» and invaded Afghanistan in its name, terrorism in the world has not diminished. It has grown. Terrorist organisations have started to appear, disappear, and then reappear with a never-before-seen regularity... Al-Qaeda was replaced by the Islamic State (IS), the international community was quickly presented with a new enemy of global significance, and America once again hurried to present itself as the saviour of mankind: on 11 September 2014, Barack Obama declared war on the Islamic State...

Pavel URINTSEV | 08.03.2015




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OUR COLUMNIST
    Nikolai MALISHEVSKI

Liberation of Europe: Siege of Budapest

The Battle of Budapest (October 29, 1944 till February 13, 1945) was a great battle of WWII. The victory paved the way for liberation of Hungary, destruction of the Hitler’s coalition in Europe and blockade of German forces in the Balkans... The Soviet 2d and 3d Ukrainian Fronts were confronted by German Army Group South, part of Group Center and the army of Hungary, the last ally of Nazis in Europe... The Hungarian capital was encircled. Hitler ordered Obergruppenfuehrer-SS Karl Pfeffer-Wildenbruch to fight to the last. The storm started on December 26, 1944 to continue for the next two months. For comparison, Berlin was captured in two weeks...

30.03.2015
 
 
 
 
 
 
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