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Wednesday 27 June 2012

Summit most crucial since EU start, Dallara says

Summit most crucial since EU start, Dallara says



Dallara has said that the future of Europe is at stake
 in the coming EU summit. (photo:Reuters) 


Charles Dallara, managing director of the Institute of International Finance (IIF) and a key negotiator in the restructuring of Greece's debt, said the European Union was facing possibly its most important summit since its founding.

Tuesday 26 June 2012

The Secret Life of Adolf Hitler

The Secret Life of Adolf Hitler


‘I’m going to Heaven, you stay here with Dad’: Italian mom sacrifices life for unborn bab


‘I’m going to Heaven, you stay here with Dad’: Italian mom sacrifices life for unborn baby

ROME, June 25, 2012 (LifeSiteNews.com) - When Chiara Corbella learned she was pregnant with her third child, it was a great joy that ended in bittersweet tragedy for the young Italian mother, who died this month after postponing cancer treatment to save her cherished baby.



In a story that echoes that of Roman Catholic saint Gianna Molla, Chiara and her husband Enrico Petrillo embarked on a remarkable journey of faith in 2010 when they learned that they were pregnant with Francisco - and that Chiara had an aggressive form of cancer, reports the Catholic News Agency.

The news was especially poignant for the couple since both of Francisco’s elder siblings, Maria and David, had been lost shortly after birth. In fact, Chiara and Enrico had become popular pro-life speakers for their stories of their few treasured moments with each of their first two children before their brief lives came to an end.

Splintered Syria: Pro-Assad Christians in rebel firing line

Splintered Syria: Pro-Assad Christians in rebel firing line


Turkish politicsHow will Turkey react to the Syrian downing of their unarmed plane?

Turkish politicsHow will Turkey react to the Syrian downing of their unarmed plane?
 

TURKEY has long hinted at military intervention over the unremitting slaughter of Syrian civilians at the hands of the forces of Bashar Assad, Syria’s president. Will Turkey actually act on its threats? The question gained fresh urgency on Friday after Syrian forces shot down a Turkish fighter jet.

Turkey says the unarmed plane was on a training mission when it was struck by Syrian anti-aircraft weapons in international airspace without prior warning. Ahmet Davutoğlu, Turkey’s foreign minister, said the F-4 Phantom had briefly strayed into Syrian airspace but that it was hit 15 minutes later “in international airspace, 13 nautical miles out of Syria, when Syrian territorial space is 12 miles.”

Use of RFID Tracking Technology To Be Mandatory In US Food Stamp Program


Use of RFID Tracking Technology To Be Mandatory In US Food Stamp Program





Food stamp welfare individuals must soon be chipped

“And he causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads: And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name.” (Revelation 13:16-17)


In a little while, the above scene in Revelation 13 will become a global reality. People can no longer buy or sell without themark of the beast. And sometimes that would mean no longer being able to eat!

GREEK DEFICIT: How Berlin encouraged Papandreou to big-up the 2009 Greek deficit


GREEK DEFICIT: How Berlin encouraged Papandreou to big-up the 2009 Greek deficit

Defence of German banks a key factor


Schäuble and Merkel….implicated in an incredible scam



How Venizelos fired ELSTAT moles to cover up the truth

Spanish European Commissioner backs story of international fraud

The Western MSM have never questioned the ‘received truth’ that Athens understated its liability and obligations for several years following the launch of the euro. But few if any outside observers know the truth behind what happened when Papandreou took over the Premiership in Greece….and for Machiavellian reasons, the debt was suddenly overstated.

Syria Crisis: Christians Fear For Safety In Conflict Between Islamic Groups


Syria Crisis: Christians Fear For Safety In Conflict Between Islamic Groups







BEIRUT -- Inside the besieged Syrian city of Homs, where hundreds of civilians are caught up in a fierce battle between rebels and government troops, a small group of Christians is making its own desperate pleas for safety.

Christians, who make up about 10 percent of Syria's population, say they are particularly vulnerable to the violence sweeping the country of 22 million people. They are fearful that Syria will become another Iraq, with Christians caught in the crossfire between rival Islamic groups.

"What is happening in these neighborhoods pains our hearts," said Maximos al-Jamal, a Greek Orthodox priest who is still in Homs. He says about 90 of the civilians in two besieged Homs neighborhoods are Christians, down from thousands who lived in the area before the uprising began.

Syria and NATO Talking Turkey

Syria and NATO Talking Turkey




GENERALS and politicians who debate the pros and cons of military intervention in Syria, where president Bashar Assad continues to preside over a bloody campaign that has left at least 12,000 dead, have often cast a wary eye at Syria’s state-of-the-art air-defence system. On June 22nd that system was put on display for all to see when Syria shot down a Turkish fighter jet flying off its north-west coast.

Sunday 24 June 2012

China Invading America NOW (2012) The Silent Takeover!!

China Invading America NOW (2012) The Silent Takeover!!


Oh Crud! 19 Reasons Why It Is Time To Start Freaking Out About The Global Economy


Oh Crud! 19 Reasons Why It Is Time To Start Freaking Out About The Global Economy



Yes, it is officially time to start freaking out about the global economy. The European financial system is falling apart and it is going to go down hard. If Europe was going to be saved it would have happened by now. The big money insiders have already pulled their funds from vulnerable positions and they are ready to ride the coming chaos out. Over the next few months the slow motion train wreck currently unfolding in Europe will continue to play out and things will likely really start really heating up in the fall once summer vacations are over. Most Americans greatly underestimate how much Europe can affect the global economy. Europe actually has a larger population than the United States does. Europe also has a significantly larger economy and a much larger banking system. The world is more interconnected today than ever before, and a collapse of the financial system in Europe will cause a massive global recession. Once the global economy slides into another major recession, it is going to take years to recover. The pain is going to be immense. Yes, that is going to include the United States. Sadly, we never recovered from the last recession, and it is frightening to think about how much farther this next recession is going to knock us down.

Saturday 23 June 2012

SYRIA EXCLUSIVE: Israel publicly condemns Assad, having secretly helped ensure his survival.


SYRIA EXCLUSIVE: Israel publicly condemns Assad, having secretly helped ensure his survival.


Αrab politics, europolitics and geopolitics: Syria can’t be divorced from any of them.


Now that Egypt’s Mubarak is clinically dead anyway (saving everyone the embarassment of Islamists debating the nastiest way to kill him), the Arab Spring is in full swing. This is especially true in Syria, where the mad person Assad refuses to budge, and Barack Obama just broadcast from the G20 to say he cannot “foresee any solution to the Syrian crisis that includes Assad staying in power”. Sadly for the Black Dude, China and Russia can, and they could probably keep supplying arms to Assad for some time to come.

Back to the Future ... Millennium-Old Thaler Seen for Northern EU as Elite Dream Dies?


Back to the Future ... Millennium-Old Thaler Seen for Northern EU as Elite Dream Dies?




The professors called for study laying out the pros and cons of a return to the D-Mark, or the creation of a new currency or "North Euro" led by Germany, the Netherlands, and like-minded states. The idea of a North Euro -- or "Thaler", the coin of the late Holy Roman Empire -- was first noted by the former chief of the German Industry Federation, Hans-Olaf Henkel. It would let southern EMU states to keep the euro and uphold euro debt contracts. The region could reflate and regain trade competitivenes with a weaker exchange rate. While the letter is unlikely to sway thinking in Berlin, such radical proposals are gaining a wider hearing. Georg Schuh, chief investor of Deutsche Bank's DB Advisers, said the crisis is terminal. "A break-up of the eurozone is very likely. Capital markets have already priced it it. I think we are in the end-phase," he said. – Washington Times

Dominant Social Theme: We need new ideas so why not return to an old one?

Could the downing of a Turkish jet by Syrian anti-air defenses lead to Article Five invocation?





Could the downing of a Turkish jet by Syrian anti-air defenses lead to Article Five invocation?



The West has tried to push several incidents to justify a foreign intervention in Syria, with the most recent being the alleged Houla massacre which quickly fell apart thanks in part to the BBC using an image from Iraq in an attempt to make readers emotionally react to the incident.

Thankfully, even mainstream media outlets around the world have begun to take notice (see below video) of the lies and misrepresentations that have been the hallmark of the tragic situation in Syria for well over a year now.



Also noteworthy have been the attempts to drudge up Iraq-style chemical weapons claims – which are devoid of any factual basis and nothing but pure, unadulterated propaganda – in order to build popular support for an attack on Syria.

It seems that none of these attempts have worked, but the latest incident might provide the justification that the West has been searching for.

Previously I wrote about how Turkey could invoke Article Five of the North Atlantic Treaty, pulling all of the North Atlantic Treaty Organization (NATO) into a full-scale attack on Syria.

Friday 22 June 2012

Greece's biggest hospital struggles as austerity cuts bite - video




Greece's biggest hospital struggles as austerity cuts bite - video

As Greece faces the most important election in a generation, its public healthcare system is on the verge of total collapse, with many hospitals forced to cancel operations. Greek documentary maker Aris Chatzistefanou, whose films Debtocracy and Catastroika have made him one of the most exciting young voices in Europe was given access to Nikaia hospital to meet the doctors struggling to keep their patients alive and the system working


Tensions rise as Syria admits it shot down Turkish fighter jet



Tensions rise as Syria admits it shot down Turkish fighter jet


Turkey said that Syria had shot down one of its military planes over the eastern Mediterranean as a search and rescue operation was still underway late last night to find the aircraft's missing pilots.


The shooting of the fighter jet was confirmed in a late-night statement from the Syrian military, carried on the state-run news agency Sana and saying that the aircraft was shot down over Syrian waters.

Ernst's Economy In-depth analysis: Will the elections in France and Greece strike a fatal blow to the Euro-zone?!


Ernst's Economy In-depth analysis: Will the elections in France and Greece strike a fatal blow to the Euro-zone?!


   




The following article was meant to be published by the Singapore-based business magazine 'World Business Magazine' in their August issue. Due to an unfortunate financial dispute, the article has been withdrawn for publication by me. I publish it therefore on Ernst's Economy for You for the benefit of my readers.The article is one month old and may contain facts that have become outdated today.

I want to emphasize that I still fully endorse the contents and editorial quality of World Business Magazine. Therefore I strongly advise interested readers in the Singapore region to grab one of the earlier issues, wherein my previous articles have been published.



Nightmare scenario in France and Greece
Sunday May 6, 2012 was a memorable day in the history of the European Union, that sent shockwaves through the Euro-zone and the financial markets.

Good luck to Greek Football Team

Good luck to Greek Football Team

'They should toss a drachma to start the match!' Battle of the Bailout looms as Germany takes on Greece in Euro 2012 (with Merkel watching from the stands)




'They should toss a drachma to start the match!' Battle of the Bailout looms as Germany takes on Greece in Euro 2012 (with Merkel watching from the stands)


Europe's economic engine against nation many say it's wants to crush
Germany wants huge budget cuts from Greece in return for bailout cash
Angela Merkel, dubbed a 'Nazi' by Greek media, will watch from the stands


Germany tonight takes on Greece in a bitter Euro 2012 quarter-final grudge match dubbed the Battle of the Bailout.

Europe's economic engine room will be pitted against the nation many say it is trying to crush, by demanding huge budget cuts in exchange for rescue cash.

GERMANY VS GREECE

GERMANY VS GREECE



Wednesday 6 June 2012

Is Greece European? By Robert D. Kaplan


Is Greece European? By Robert D. Kaplan

 

By Robert D. Kaplan

Greece is where the West both begins and ends. The West -- as a humanist ideal -- began in ancient Athens where compassion for the individual began to replace the crushing brutality of the nearby civilizations of Egypt and Mesopotamia. The war that Herodotus chronicles between Greece and Persia in the 5th century B.C. established a contrast between West and East that has persisted for millennia. Greece is Christian, but it is also Eastern Orthodox, as spiritually close to Russia as it is to the West, and geographically equidistant between Brussels and Moscow. Greece may have invented the West with the democratic innovations of the Age of Pericles, but for more than a thousand years it was a child of Byzantine and Turkish despotism. And while Greece was the northwestern bastion of the anciently civilized Near East, ever since history moved north into colder climates following the collapse of Rome, the inhabitants of Peninsular Greece have found themselves at the poor, southeastern extremity of Europe.

Modern Greece in particular has struggled against this bifurcated legacy. In an early 20th century replay of the Greco-Persian Wars, Greece's post-World War I military struggle with Turkey led to a signal Greek defeat and as a consequence, more than a million ethnic Greeks from Asia Minor escaped to Greece proper, further impoverishing the country. (This Greek diaspora in Asia Minor was a massive source of revenue until the Greeks were expelled.) Not only did World War I have a bloody and epic coda in Greece, so did World War II, which was followed by a civil war between rightists and communists. Greece's ultimate escape from the Warsaw Pact was a rather close-run affair: again, the effect of Greece's unstable geographical location between East and West.

Greece struggled on. As recently as the mid-1970s it was governed by a particularly brutal military dictatorship (led by colonels from the backwater of the Peloponnese), which lasted for seven years, and fear of another coup persisted during the initial stage of its reborn democracy. Even though the Olympic tradition began in Greece in antiquity and the first modern Olympics were held in Greece in 1896, Greece was denied the right to host the centenary modern Olympics in 1996 owing to the country's lack of preparedness in organization and infrastructure. Greece did host the 2004 Olympics, but the financial strain that the games put on Greece contributed to the country's economic fragility in the run-up to the current debt crisis.

It is not entirely an accident that Greece is the most economically troubled country in the European Union. The fact that it is located at Europe's southeastern back door also has something to do with it. For Greece's economic and political development bear marks of a legacy not wholly in the modern West.

Roughly three-quarters of Greek businesses are family-owned and rely on family labor, making meritocratic promotion difficult for those outside the family. Tax cheating is rampant. The economy suffers from a profound lack of competitiveness, even as Greece is mainly a service economy, relying on tourism, in which manufacturing constitutes a weak sector. Of course, these features have much to do with bad policies enacted over the years and decades, but they are also products of history and culture, which are, in turn, products of geography. Indeed, Greece lacks enough productive land to be an agricultural power.

Then there is political underdevelopment. Long into the 20th century, Greek political parties had a paternalistic, coffeehouse quality, centered on big personalities -- chieftains in all but name -- with little formal organizational support. George Papandreou, the grandfather of the recent prime minister of the same name, actually headed a party called the "George Papandreou Party." Political parties have been family businesses to a greater extent in Greece than in other Western democracies. The party in power not only dominated the highest echelons of the bureaucracy, as is normal and proper in a democracy, but the middle- and lower-echelons, too. State institutions from top to bottom were often overly politicized.

Moreover, rather than having a moderate left-wing party and a modern conservative one, as is common throughout Western Europe, in Greece through the early 1990s there was a hard-left party, the Pan-Hellenic Socialist Movement (PASOK), which during the Cold War openly sympathized with radical Arab regimes like Hafez al Assad's Syria and Moammar Gadhafi's Libya, and a somewhat reactionary right-wing party, New Democracy. The drift of both those leading parties toward the center is a relatively recent affair.

And so the creation of late of a hard-left party, SYRIZA, and a hard-right neo-Nazi movement, Golden Dawn (vaguely reminiscent of the military junta that ruled Greece from 1967 to 1974), both harbor distant echoes of Greece's mid-20th century past. Ironically, while Greece's extreme economic crisis created these radical groupings in the first place, if these new parties fare badly in the upcoming poll it might indicate a firm rejection of extremism by Greek voters and a permanent turn toward the center -- toward political modernity, that is.

There is a tendency in all of this to throw one's hands up at the specter of the Greeks and declare them too much trouble than they're worth, at least for Europe. But such an attitude reeks of hypocrisy, even as it denies Western self-interest. When Greece joined the European Union in 1981, its economy was manifestly not ready; Brussels had made a rank political decision, not an economic one -- just as it would in admitting Greece to the eurozone in 2002. In both cases, the ground-level, domestic reality of the Greek economy was swept aside in favor of an abstract quasi-historical vision of Europe stretching from Iberia to the eastern Mediterranean.

Of course, Greece, during the 1980s -- when I lived there for seven years -- might have used the influx of cash from the European Union in order to discipline and reform its economy. Instead, then PASOK Prime Minister Andreas Papandreou used the money to swell the ranks of the bureaucracy. Thus, did Greece remain underdeveloped, and the dream-gamble of Brussels failed. The saddest irony is that the sins of the hard-left Andreas Papandreou were visited upon his well-meaning, center-left son, George, who had his short tenure as prime minister from 2009 to 2011 poisoned by his father's economic legacy.

But Western self-interest now demands that even if Greece leaves the eurozone -- and that is a big "if" -- it nevertheless remains anchored in the European Union and NATO. For whether Greece drops the euro or not, it faces years of severe economic hardship. That means, given its geographic location, Greece's political orientation should never be taken for granted. For example, the Chinese have invested heavily in developing part of the port of Piraeus, adjacent to Athens, even as Russia's economic and intelligence ties to the Greek area of Cyprus are extremely close. It has been speculated in the media that with Greece short of cash and Russia enjoying a surplus, were the Russians ejected from ports in Syria in the wake of a regime change there, Moscow would find a way to eventually make use of Greek naval facilities. Remember that Greece and Cyprus both have modern European histories mainly because they were claimed by Western powers for strategic reasons.

In other words, from the point of geography and geopolitics, Greece will be in play for years to come.