Europe

EU plan to cut credit and debit card fees is confirmed

"Plans to cut transaction fees on debit and credit cards in the European Union have been published - but there is disagreement over the potential impact. The European Commission estimates that the EU payment market is worth 130bn euros (£112bn) but is 'fragmented and expensive'. It wants to cap 'interchange fees' to a maximum of 0.3% of a transaction. The fees involved are paid by shops and businesses to banks, every time a consumer uses his or her card. But banks argue that consumers will instead end up paying higher charges to use debit and credit cards." Continue reading →

Continue ReadingEU plan to cut credit and debit card fees is confirmed

One-Third Of Europe’s Unemployed Are Spanish

"Spain has been in recession for seven quarters in a row and survey indicators suggest it will extend to eight. House prices continue to collapse. Government revenue to GDP is among the worst in the union. But unemployment is where Spain has its peers beat - at 6.2 million unemployed, Spain accounts for almost one-third of the entire unemployed population of Europe. With expectations that the unemployment rate will break above 28% next year and a government embroiled in scandal, Rajoy's planned address to discuss the politicial and economic situation to his nation in August may just be the catalyst for the social unrest that has laid relatively dormant for so long." Continue reading →

Continue ReadingOne-Third Of Europe’s Unemployed Are Spanish

Is Cannabis Weed Oil a Miracle Drug?

"In this short documentary, Luke Rudkowski investigates medical cannabis oil use in Holland and the laws surrounding it. This video contains interviews with medical cannabis oil patients, a look into a manufacturer of cannabis oil and an exclusive interview with the 1st coffee shop owner in Holland the Pot Father." Continue reading →

Continue ReadingIs Cannabis Weed Oil a Miracle Drug?

Snooping Fears: German Firms Race to Shield Secrets

"Edward Snowden's revelations about data surveillance have left German firms feeling acutely vulnerable to industrial espionage. In the medium-sized business sector, which contains a host of world leaders in high-tech fields, the race is on to shield vital know-how. Be it Prism, Tempora or XKeyscore, reports about mass electronic surveillance and tapped Internet hubs and trans-Atlantic data lines have alarmed German companies. Many firms are now worried that the intelligence services aren't just trying to pinpoint terrorists but to get at German industrial secrets as well. They fear that their lead over US, British and French competitors could be at risk." Continue reading →

Continue ReadingSnooping Fears: German Firms Race to Shield Secrets

Austrian children’s home charged with ‘decades’ of physical and mental abuse

"Children were physically and mentally abused for decades at a former Austrian children’s home and city authorities knew about it but did nothing, a commission charged with investigating the allegations said Wednesday. The violence went beyond the severe education techniques of the time and clearly violated regulations on children’s homes which forbid beatings, Helige said, confirming that rapes also took place. Unusually, all files from the home were destroyed after its closure so the report relied heavily on interviews with some 220 people, including former staff and children from the Wilhelminenberg home." Continue reading →

Continue ReadingAustrian children’s home charged with ‘decades’ of physical and mental abuse

Doctors caught on video using household drills in Moldovan state-run children’s hospital

"Doctors at a Moldovan state-run hospital used household tools, including an electric drill and pliers, to perform surgery in a video leaked to local press and published on the Internet, prompting outrage among the public and government officials. Prime Minister Iurie Leance ordered Healthcare Minister Andrei Usatii on the same day to investigate the incident. Usatii, in turn, told local television that while the use of household tools was allowed in certain circumstances, the hospital in question had adequate specialized equipment. Moldova, a former Soviet republic of 4 million, is one of the poorest nations in Europe with an average monthly wage of about $300." Continue reading →

Continue ReadingDoctors caught on video using household drills in Moldovan state-run children’s hospital

German Intelligence Worked Closely with NSA on Data Surveillance

"Chancellor Angela Merkel has repeatedly said she knew nothing about American surveillance activities in Germany. But documents show that German intelligence cooperates closely with the NSA and even uses spy software provided by the US. The shift to a more offensive German security policy began in 2007. Since then, there have been 'regular US-German analytic exchanges and closer cooperation in tracking both German and non-German extremist targets.' The German foreign intelligence agency went even further in its effort to please the Americans, 'working to influence the German government to relax interpretation of the privacy laws'." Continue reading →

Continue ReadingGerman Intelligence Worked Closely with NSA on Data Surveillance

Europe Continues to Circle the Drain

"Where is the austerity? The cuts Keynesians are complaining about are mere reductions in increase. 'Despite austerity rhetoric,' wrote Frank Karsten, 'government debts keep rising in most democratic countries. ‘Austerity’ is a code word for ‘spending less than we had wanted, but more than in the past.’ In the end, they wind up raising taxes, rather than lowering expenditures to cut deficits.' As we reported last week, central banks around the world continue to cut their euro holdings for the third straight year. The Old World’s scrip now accounts for only 23.3% of foreign reserve holdings. If central banks are wary of euros… you should be as well." Continue reading →

Continue ReadingEurope Continues to Circle the Drain

Europe Continues to Circle the Drain

"Where is the austerity? The cuts Keynesians are complaining about are mere reductions in increase. 'Despite austerity rhetoric,' wrote Frank Karsten, 'government debts keep rising in most democratic countries. ‘Austerity’ is a code word for ‘spending less than we had wanted, but more than in the past.’ In the end, they wind up raising taxes, rather than lowering expenditures to cut deficits.' As we reported last week, central banks around the world continue to cut their euro holdings for the third straight year. The Old World’s scrip now accounts for only 23.3% of foreign reserve holdings. If central banks are wary of euros… you should be as well." Continue reading →

Continue ReadingEurope Continues to Circle the Drain

Dutch woman arrested for ‘recruiting Syrian jihadists’ to fight alongside rebels

"Dutch authorities have arrested a 19-year-old woman suspected of recruiting jihadists to fight alongside radical Muslim rebels in Syria, a prosecution spokeswoman said on Monday. There is growing concern in the Netherlands about young Dutch Muslims being enlisted to fight in Syria, with a British study in April saying at least 107 Dutch citizens were fighting President Bashar al-Assad’s forces in the war-torn country. Police arrested the woman in Zoetermeer, a small city just east of The Hague, on Wednesday after families filed complaints with the authorities that their relatives had gone to fight in Syria." Continue reading →

Continue ReadingDutch woman arrested for ‘recruiting Syrian jihadists’ to fight alongside rebels