Europe Gets its Fiscal Integration Package
Who knew the Europeans really missed the Stanley Cup playoffs that much? For those that don’t like hockey, in the playoffs, games go until someone finally wins. And it doesn’t matter how long it takes.
Who knew the Europeans really missed the Stanley Cup playoffs that much? For those that don’t like hockey, in the playoffs, games go until someone finally wins. And it doesn’t matter how long it takes.
Ambassador Christoph Heusgen, holding a virtual media briefing at the UN, July 1, 2020, with members of the German delegation: Mathias Licharz, political coordinator, and Kathrin Deschauer, press officer. The country has its last Security Council presidency of its term this month, doubly emphasizing global cooperation and the rule of law during the pandemic. PHOTO: GERMAN MISSION TO THE UN
The Duran’s Alex Christoforou and Editor-in-Chief Alexander Mercouris discuss the €500 billion European Recovery fund cooked up by Angela Merkel and Emmanuel Macron.
The fund proposes the EU borrows on the financial markets in order to disperse 500 billion euros through grants to EU economies hit by the Covid-19 pandemic. EU member states receiving the funds would theoretically not need to repay the cash, instead liability for the debt would be added to the EU budget, which would eventually be paid for by EU citizens in the form of additional taxation.
RT | May 13, 2020
Germany’s chancellor has lamented what she claimed was irrefutable proof of a Russian “hacking attack” on her Bundestag office but said she is working day and night to fix relations with Moscow despite the “painful” incident.
Chancellor Angela Merkel accused Russia of carrying out an online intrusion into her Bundestag constituency office back in 2015, as she spoke to MPs on Wednesday.
The Duran’s Alex Christoforou and Editor-in-Chief Alexander Mercouris discuss how Germany’s Constitutional Court upheld several complaints against the European Central Bank’s purchase of government bonds under a program started in 2015 and meant to boost EU economies and hold inflation to just below 2%. The ruling by Germany’s supreme court was the result of years of debate over the role of the eurozone’s central bank.
Eric ZUESSE
Just as the corrupt U.S. Government is bailing out owners of U.S. corporations while the American public experiences a recession that is heading into a depression, the corrupt German Government likewise is bailing out investors. It’s not illegal for the Government to do that — not even when the corporation that they might bail out next is the nation’s flag-carrying airline, which already receives unfair advantages in competing against other airlines in that country.
Since its first bailout agreement in May of 2010, Greece has been under the technocratic and economic occupation of its bailout institutions, the European Commission, the European Central Bank (ECB), and the International Monetary Fund (IMF).
By: Andrew Gavin Marshall
Originally published: 7 July 2015
The Duran’s Alex Christoforou and Editor-in-Chief Alexander Mercouris discuss German Chancellor Angela Merkel’s resurgence within the EU to once again dictate the financial policy amidst the Covid-19 economic lockdown and meltdown.
Merkel getting her way with an ESM rescue scheme may end up driving Italy out of the Eurozone, as the south European country is on the verge of a collapse, not capable of taking in more loans with austerity strings attached.
Authored by Tom Luongo via The Strategic Culture Foundation:
No matter how hard I try to dig German Chancellor Angela Merkel’s political grave she proves more adept at staying alive than a cockroach in a woodpile. And the recent fight amongst European Union members over “Coronabonds” has proven yet another escape path for her to avoid political termination.