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Britain’s UKIP Win another Sign of EU Rebellion

The political earthquake rumbles on in Europe with the latest election victory of Britain’s far-right and fervently eurosceptic UK Independence Party. But it would be a mistake to paint the rise of Britain’s UKIP as just a rightwing nationalistic fashion. What the rise of the party portends is a widespread disaffection among the European citizenry towards the increasingly autocratic European Union. The EU is no longer seen as a progressive project promoting social development, but rather as a juggernaut to railroad through the elite interests of finance capital...

Finian CUNNINGHAM | 20.10.2014


 

The Internationalisation of the Yuan (I)

The issue of turning the yuan into an international currency is the subject of much controversy. Some believe that Beijing should opt for full convertibility of the yuan, turning it into a fully-fledged international currency. Others believe that the yuan is already an international currency, citing impressive figures that reflect the growing use of the Chinese currency in international trade. Still others hold the view that turning the yuan into an international currency would be of no benefit to Beijing, and the Chinese authorities are even intentionally preventing it. The complexity of the problem lies in the fact that moving the yuan towards internationalisation involves three distinct phases: turning the Chinese currency into a) a trading currency, b) an investment currency, and c) a reserve currency...

Valentin KATASONOV | 19.10.2014


 

Ukraine Steals Attention in Milan – no Progress Reached

...The West is reluctant to get to the bottom of what is happening in Ukraine and continues to adopt a rather speculative approach. The Milan talks have brought about no progress. There is a sustained perception that as soon as the United States gets one way or another involved in the tripartite EU-Ukraine-Russia negotiations the progress on the Ukrainian issue immediately hits snags and becomes stymied. Perhaps Washington believes that the continuation of crisis allows killing two birds with one stone – it makes Ukraine shoulder the double burden to plunge the country into the managed chaos and weakens Europe and Russia as they conduct sanctions and anti-sanctions war. 

Boris NOVOSELTSEV | 18.10.2014


 

New Сracks in the anti-Russian Front

The anti-Russian colours that the policies of the European Commission and the US administration are painted in regarding the introduction of economic sanctions against Russia are slowly losing their lustre and beginning to peel off. Within the European Union there are pockets of internal resistance to the anti-Russian policy that are particularly noticeable against the feverish attempts by Brussels to force Serbia and other countries, where the mirage of joining the EU still seems to be a bit like reaching the Promised Land, to join in with the sanctions... 

Pyotr ISKENDEROV | 17.10.2014


 

Serbia’s Foreign Policy: Stuck Between a Rock and a Hard Place?

“We will support the geographic integrity of all UN member states including Ukraine,” stated the prime minister of Serbia, Aleksandar Vucic, during a speech last week delivered at the 2014 Belgrade Security Forum. An audience member immediately retorted via Twitter: “How come then Serbia abstained from Resolution 68/262?” The UN General Assembly Resolution 68/262 from March 2014 entitled, “Territorial Integrity of Ukraine,” confirmed the invalidity of the 2014 Crimean referendum and furthermore emphasized that the Crimean peninsula is an integral part of Ukraine.

EDITOR'S CHOICE | 15.10.2014


 

A Panorama of the World’s Foreign Exchange Reserves: Food for Thought

...Without waiting for the IMF to grant the yuan reserve currency status (the IMF wants China to introduce full yuan convertibility and make it free floating), a number of African, Asian and Latin American countries are stockpiling it in their reserves. At the beginning of 2012, experts believe that the yuan was to be found in the international reserves of 12 countries. To date, the People’s Bank of China has signed currency swap agreements with the central banks of more than 20 countries. These agreements involve the exchange of national currency units to maintain trade and economic relations between China and other countries...

Valentin KATASONOV | 12.10.2014


 

A Game of Scotch Solitaire for Europe (I)

«Whenever you fall, pick something up» advises a Scottish proverb. That’s a fairly good description of the current state of separatist movements in Europe. Various nooks and crannies of the Old World eagerly followed September’s referendum on self-determination in Scotland. Now many are trying to absorb and apply the methods used by Scottish separatists in order to advance their own interests - just like the Scots, themselves, post-referendum. The deepest reverberations from the events in Scotland were felt in Catalonia where new political skirmishes are rocking a nation already beset by a severe socio-economic crisis...

Pyotr ISKENDEROV | 10.10.2014


 

German Sovereignty Has Limited Wiggle Room Left

...RWE DEA AG is an international oil and gas company headquartered in Hamburg, Germany. It is a subsidiary of RWE. The group went on sale being burdened by 31 billion euro debt. In March the German Economics Ministry approved the sale of the oil and natural gas to an investment holding vehicle of Russian entrepreneur Mikhail Fridman. His LetterOne was chosen not for political reasons but because Mr. Fridman offered to pay 5,1 billion euros more in comparison with the price offered by Canadian bidders or German BASF. But the RWE's sale of its DEA unit hit snags in the U.K. British regulators were said to oppose the deal and ready to revoke DEA 's offshore drilling licenses for British gas fields. The London’s threat was an argument to reckon with...

Natalia MEDEN | 07.10.2014


 

Europe Awaits a Bitter Winter’s Tale

...Last week the EU leadership in Brussels decided against lifting trade sanctions it had previously imposed on Russia. The sanctions were imposed after Crimea’s referendum in March this year led to the reunification of the Ukrainian southern peninsula with Russia... Vladimir Putin described the EU sanctions as «utter folly»... Utter folly indeed. European sanctions have been met with counter-sanctions from Russia, which have in turn banned a wide range of agricultural produce... Europe’s budget deficit crisis is going to scream as winter proceeds, with crops left rotting in fields and some 10 million farmers marooned without income... Then there is the vital issue of natural gas supplies. EU energy commissioner Guenther Oettinger has made the crassly naive comment that Russia should not «politicise gas supplies». So, let’s get this straight Herr Oettinger, it’s perfectly acceptable for the EU so slap on unwarranted financial and industrial sanctions on Russia, but it is, in your view, completely unacceptable for Russia to cut off gas supplies to Europe?.. Washington and its fascist Kiev ideologues may be gloating at the deepening crisis, but what about the 500 million ordinary EU citizens, who will suffer this winter because of idiotic decision-making?..

Finian CUNNINGHAM | 06.10.2014


 

Transatlantic Solidarity: Connivance at Blackmail. Differences between Russia and EU

On October 1, European Commission President Jose Manuel Barroso sent a letter to Russian President Vladimir Putin. Its content showed once more that Brussels still continues to use the language of ultimatums while talking to Russia. The European Union inflicts damage on itself by refusing to see that Ukraine constantly violates its commitments... Balanced Russia-Europe agreements could be a way out of the deadlock. They should address monitoring Ukrainian gas transit, cooperation in development of pipeline network, coordination and mutual understanding on the implementation of the association agreement with Ukraine. Is Europe ready for that? Or the «transatlantic solidarity» would prevail entailing another round of confrontation on the European continent?

Olga SHEDROVA | 06.10.2014




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OUR COLUMNIST
    Nil NIKANDROV

Brazil under CIA Pressure

Over two thousand Brazilian political activists, intellectuals, people of art and culture signed a manifest on October 26 highlighting the hostile actions of Washington aimed at prevention of Dilma Rousseff election victory. The document is posted to social nets. It says the coming to power of Aécio Neves of the Brazilian Social Democracy Party (Partido da Social Democracia Brasileira - PSDB), who serves the interests of tycoons, will inflict irreparable damage to the country and take away all the snags on the way of US direct interference into the Brazilian internal affairs. Neves is to play the role of obedient tool in the hands of US administration. Washington goes to any length to achieve its goal and bring the desired candidate to power – some things are done covertly, some tricks are resorted to in a clandestine way...

21.10.2014
 
 
 
 
 
 
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