Huge Madrid march in support of anti-austerity party

Tens of thousands fill Spanish capital in support of Podemos, as anti-austerity message surges in polls.

Al Jazeera, January 31

Tens of thousands of people have marched in Madrid on Saturday in support of the anti-austerity party Podemos, whose surging popularity and policies have drawn comparisons with Syriza, Greece’s new leaders.

Protesters chanted “Yes we […]

7 Keys to Understanding the Greek Elections

originally posted Jan 23

Huffington Post, By Pavlos Tsimas, January 22

On Sunday at 7:00 p.m. in Greece when the ballots are closing and the first exit polls are released in Berlin, Brussels, Madrid, London, Frankfurt and New York, all the political and financial decision-makers — and people who assist in making such decisions […]

Lithuania losing its litas to adopt the euro currency

Euronews, December 29

On January 1, 2015 Lithuania will be the last Baltic nation to join the growing number of EU states to have adopted the euro. Like Estonia and Latvia, Lithuania is hoping for more investment and lower borrowing.

The switch coincides with steps towards greater energy independence and requests for more NATO troops […]

Greece formally dissolves parliament ahead of election

Reuters, By George Georgiopoulos, December 31

Athens – Greece formally dissolved parliament on Wednesday ahead of a general election on Jan. 25 that has cast its international bailout into doubt and set financial markets on edge just as the euro zone grapples with renewed signs of weakness.

The traditional decree calling new elections was posted […]

LEAKED: Secret Negotiations to Let Big Brother Go Global

The ugly ramifications of the Trade in Services Act (TiSA)

Wolf Street, By Don Quijones, December 25

Much has been written, at least in the alternative media, about the Trans Pacific Partnership (TPP) and the Transatlantic Trade and Investment Partnership (TTIP), two multilateral trade treaties being negotiated between the representatives of dozens of national governments […]

Juncker axes Europe’s chief scientific adviser

While Europe’s scientists were watching Rosetta, EU/EC President Juncker quietly scrapped the role of his top scientific adviser. What does this mean for the future of evidence-based policy in Europe?

The Guardian, By James Wilsdon, November 13

Yesterday was a moment of celebration for European science. Although the precise fate of the Philae probe remains […]

Catalan leader to step up independence push as 80% vote to split from Spain

Artur Mas says symbolic poll is a ‘lesson in democracy’ and calls for a binding referendum on independence

The Guardian, By Ashifa Kassam, November 10

Barcelona – Catalan leader Artur Mas vowed to step up the push for independence after early results from Sunday’s symbolic vote showed that four out of five voters in the […]

Germany warns of British exit from EU over immigration limits

German Chancellor Merkel warns Britain over plans to try curbing EU immigration from other member states

Al Jazeera, November 3

German Chancellor Angela Merkel has warned British Prime Minister David Cameron that putting limits on immigration from other European Union nations would be a “point of no return” that could sharply increase the risk of […]

EU reaches deal on CO2 emissions cut

European Union leaders agree to cut greenhouse gas emissions by 40 percent by 2030, and set renewable energy targets.

Al Jazeera, October 24

European Union leaders have reached what they described as the world’s most ambitious climate change targets for 2030, paving the way for a new UN-backed global treaty next year.

The 28 leaders […]

Coordinated Sanctions Aim at Russia’s Ability to Tap Its Oil Reserves

New York Times, By Peter Baker, Alan Cowell and James Kanter, July 29

Washington — The United States and Europe kicked off a joint effort on Tuesday intended to curb Russia’s long-term ability to develop new oil resources, taking aim at the Kremlin’s premier source of wealth and power in retaliation for its intervention in […]

The nagging fear that QE itself may be causing deflation

The Telegraph, By Ambrose Evans-Pritchard, June 4

The way we are going, the whole world will end up with zero interest rates or some variant of quantitative easing before long. Such is the overwhelming power of deflation in countries with burst credit bubbles. Such too is the implication of a global savings rate that has […]

Saving Europe with MMT, or as goes Europe, goes the World…

Ian Welsh wrote, and we’ve commented, because while Ian provides penetrating analysis, there is no suggestion of solutions, for example those on which Marine Le Pen campaigns, which seem cogent: Restore the Franc, Restore Sovereignty, and Control Multiculturalism.

[…]

Eurosceptic ‘earthquake’ rocks EU elections

BBC, May 25

Eurosceptic and far-right parties have seized ground in elections to the European parliament, in what France’s PM called a “political earthquake”.

While the French National Front and UK Independence Party both appear headed for first place, the three big centrist blocs in parliament all lost seats.

The outcome means a greater say […]

Former German Chancellor Celebrates 70th Birthday with Putin

Given the current Ukraine crisis, former German chancellor Schröder felt it was inappropriate to invite Putin to his official 70th birthday bash in Germany. So instead he opted for yet another birthday party with his friend in Saint Petersburg (link to German news article).

Putin, who is fluent in German, hugs his friend Schröder […]

The PIIGS and MMT – An Exit Strategy for German Financial Colonies

This essay assumes the reader has some knowledge of Modern Monetary Theory (MMT). For a primer on MMT please refer here.

Taking Ireland as an example, how would Modern Monetary Theory (MMT) fix the Problem?

[…]

Users