Iceland’s EU bid is over, commission told

"Iceland's bid to join the EU is over, the country's foreign minister told the European Commission on Thursday (13 June). Speaking during a frosty press conference with reporters on Thursday (13 June), Stefan Fule, the Czech commissioner responsible for EU membership bids, admitted that Iceland's decision was a personal blow. The April election, which was won decisively by the centre-right Independence party and the Progressive party, was viewed as a vote against EU membership. Opinion polls indicate that only 25 percent of Icelanders support EU membership." Continue reading

Continue ReadingIceland’s EU bid is over, commission told

Zimmerman Case and Chaos?

"The Zimmerman case – if it does explode into violence – is part of a much broader trend. Internationalists have always used war and violence to make a case for more and stronger global institutions that can guarantee 'peace.' Unfortunately, such rhetoric often leads to the 'peace of the grave' rather than the peace of the living. And if the Obama administration and others have now taken to using the rhetoric of racism as a way of furthering internationalist goals while distracting from the Great Recession, that would indeed be an unfortunate development. It would also explain why Obama was quick to make the remark that the victim reminded him of a son." Continue reading

Continue ReadingZimmerman Case and Chaos?

Reality of Egypt – Not What You Think?

"The Muslim Brotherhood was the first choice of Western powers, from what we can tell, and was only discarded when its leadership declined to go along with a US$4 billion International Monetary Fund plan. The military, meanwhile, has been portrayed as being of one piece, but as we have pointed out previously, it may be a mistake to believe that the military is cohesively pro-Western and at the service of the Pentagon. It may be at the top, but who can speak for the rank-and-file? The social chaos and bloody destruction now being predicted for Egypt may not simply be the result of a scripted clash between the military and Islamic factions." Continue reading

Continue ReadingReality of Egypt – Not What You Think?

Egypt orders arrest of ousted Brotherhood leaders after army kills 53 protesters

"Washington, treading a careful line, has neither welcomed Mursi's removal nor denounced it as a 'coup', which would require it to halt aid, including the $1.3 billion it gives the army each year. The Brotherhood's downfall has, however, been warmly welcomed by three of the rich Arab monarchies of the Gulf. Kuwait promised Egypt $4 billion in cash, loans and fuel on Wednesday, a day after Saudi Arabia pledged $5 billion and the United Arab Emirates offered $3 billion. Mohamed ElBaradei, a former U.N. agency chief, has been named vice president and supports a stalled $4.8 billion loan deal with the International Monetary Fund." Continue reading

Continue ReadingEgypt orders arrest of ousted Brotherhood leaders after army kills 53 protesters

UN: Iraq violence could lead to civil war

"The level of violence reached its lowest level in 2011, with 2,771 people killed, according to UN figures. But it is once again on the rise, fuelled by widespread Sunni discontent with the Shiite-led government, and fanned by the civil war in neighbouring Syria. 'A lot of the radical groups are getting oxygen from what is going on there,' Motta said of Syria. 'The more people die (in Iraq), the greater the chance of counter-reaction and the greater chance it has to spiral out of control,' he said. 'If the casualties keep going at this rate it will be well over 5,000 at the end of the year, so we’re looking back at figures of 2008,' he said." Continue reading

Continue ReadingUN: Iraq violence could lead to civil war

Euro Zone Grants Multibillion Euro Lifeline for Greece

"Greece secured a 6.8 billion euro ($8.7 billion) lifeline from the euro zone but was told it must keep its promises on cutting public sector jobs and other reforms in order to get all the cash, officials said Monday. The deal, which spares Greece defaulting on debt that falls due in August, will see Athens drip-fed support under close watch from its international creditors to drive through unpopular reforms. Central banks in the Eurosystem will contribute 1.5 billion euros in July and 500 million euros in October, the officials said. The International Monetary Fund will give 1.8 billion euros in August." Continue reading

Continue ReadingEuro Zone Grants Multibillion Euro Lifeline for Greece

UK ministers to seize back 100 powers from Brussels

"In the first part of efforts to renegotiate Britain’s relationship with the European Union, ministers will announce plans to claw back the powers. Theresa May, the Home Secretary, will give MPs details of proposals to opt out of 133 EU measures covering justice, home affairs and the police by next spring. Some of the measures that are seen to be in the national interest will then be opted back into, in a complex process, but 'more than two thirds' will disappear permanently from British law. The move follows last week’s unanimous Commons vote in favour of moves to hold an 'in-out' referendum on Britain’s membership of the EU by 2017." Continue reading

Continue ReadingUK ministers to seize back 100 powers from Brussels

British UKIP Convulsion Significant Threat to Tories

"One can make a case that both UKIP and the US Tea Party movement are the 'managed opposition,' at this point any way. But at the same time, their emergence obviously indicates that there is a larger social movement that has taken shape. If one feels the need to 'manage' something – as those at the top of society evidently and obviously do – it is because there is something that has emerged to begin with. And that something is obviously a deep dissatisfaction with many of the building blocks of modern society, from its military-industrial complex to its central banking economy and the regulatory democracy that flows out of vast government spending." Continue reading

Continue ReadingBritish UKIP Convulsion Significant Threat to Tories

Mad Latvia defies its own people to join the euro

"EU finance ministers have just given the go-ahead for Latvia to join the euro in January 2014. No matter that the latest SKDS poll shows that only 22pc of Latvians support this foolish step, and 53pc are opposed. This is a very odd situation. The elites are pushing ahead with a decision of profound implications, knowing that the nation is not behind them. No country has ever done this before. The concerns of the Latvian people are entirely understandable. Neighbouring Estonia found itself having to bail out Club Med states with a per capita income two and a half times as high after it joined EMU. Latvia may find itself embroiled in an even bigger debacle." Continue reading

Continue ReadingMad Latvia defies its own people to join the euro

European Union gives Latvia final OK to join eurozone

"'Yes we are joining the euro as of January 1 next year,' said Prime Minister Valdis Dombrovskis, adding that it was 'good news not only for Latvia but also for Europe and the eurozone.' Asked whether he had any qualms about joining the single currency at such a difficult time, Vilks acknowledged that 'those hard times will last several years at least'. 'We trust Europe and we trust the euro,' he said later, adding that he hoped Latvia would prove to be one of the 'best performers' in the single currency zone. Latvia has been the EU’s fastest-growing economy, having posted GDP growth of more than five percent year-on-year in both 2011 and 2012." Continue reading

Continue ReadingEuropean Union gives Latvia final OK to join eurozone