Sanctions Target Putin’s Political Allies As Crimea Annexation Bill Moves Forward

By: Friday March 21, 2014 5:57 am

Russia’s lower house of parliament voted to officially annex Crimea, a move the upper house is expected to follow up with today completing the process of annexation under Russian law. This formal annexation makes it increasingly less likely Crimea will ever be returned to Ukraine. Ukrainian forces have already started to withdraw from the region. [...]

Ukraine’s Future Could Be Civil War

By: Monday February 24, 2014 5:57 am

Ukraine's political divide #map – Source: WaPo // Language divide translates into a political divide. 2010 election — hedgefundinvest (@hedgefundinvest) February 22, 2014 While the US media gets lost in disaster porn the reality of what is going in the Ukraine is being ignored, a divided country is having trouble standing. After President Yanukovych [...]

Peace Talks Collapse As Violence Escalates In Ukraine

By: Wednesday February 19, 2014 5:25 am

Protests in the Ukrainian capital of Kiev are deteriorating rapidly with last night being of the bloodiest nights so far. The ministry of health says that 25 people have died and over 240 have been injured from the protests that started off peacefully in November. Last night proved to be one of the most violent [...]

EU Votes To Suspend U.S. Data Sharing Agreements Over NSA Scandal

By: Thursday July 4, 2013 10:08 am

The fallout from the NSA spying scandal may be just beginning as the European Parliament voted in favor of a resolution that would back the European Commission if it decides to suspend data sharing agreements with the U.S. The European Parliament on Thursday adopted a joint, cross-party resolution to begin investigations into widespread surveillance of Europeans [...]

New Cyprus Bailout Deal Announced

By: Monday March 25, 2013 5:56 am

A new Cyprus bailout deal worth 10 billion euros was announced today by EU leaders which involved shutting down one of the country’s largest banks. The deadline for such a deal was set for today by the European Central Bank. Eurozone finance ministers have agreed a 10bn-euro bailout deal for Cyprus to prevent its banking [...]

Cyprus Bank Holiday Is Extended Again As Unrest Continues

By: Friday March 22, 2013 8:33 am

The bank holiday in Cyprus that was supposed to end Thursday has been extended again which has done little to ease the anxiety of Cypriots desperate to withdraw their savings for fear of having them taxed. Unrest has been breaking out around banks with people protesting for “dignity” and voicing opposition against any plans to [...]

EU Oil Embargo of Iran Begins

By: Monday July 2, 2012 1:47 pm

Over the weekend the European Union inaugurated its embargo on Iranian oil, the most wide-reaching impediment to the Iranian economy of the recent sanctions. The EU as a market is bigger than the United States, so this is significant for Iran. And oil accounts for 80% of Iran’s total exports. Monday marks the first day [...]

EU Fiscal Union Proposal Looks Right Terrible

By: Tuesday June 26, 2012 10:58 am

The EU has come up with a plan, to be discussed at this week’s summit, to dramatically consolidate fiscal policymaking power in a Eurozone leadership figure, without authorizing the kind of fiscal transfers that would smooth over imbalances and make the currency union a true “United States of Europe.” The EU would gain far-reaching powers [...]

Hollande and Merkel Meet as Greek Woes Continue

By: Wednesday May 16, 2012 7:45 am

German Chancellor Angela Merkel and French President Francois Hollande met yesterday in Berlin, in what was kind of an awkward summit. But they did appear united on one point: that Greece must keep their promises and stay in the Eurozone. Both spelt out their concern that Greece should remain a full member of the common [...]

Day of Deals: Greek Bailout Terms Reached

By: Thursday February 9, 2012 6:20 am

This must be the day when everything gets sewn up into neat little packages. The Greek government has announced a deal has been reached to secure their second bailout, though one junior partner has not confirmed agreement. The head of the European Central Bank is saying a deal has been done as well. Mario Draghi, [...]

Greece Asked to Destroy Itself In Exchange for Bailout

By: Monday February 6, 2012 6:55 am

Greek bailout talks have deadlocked again, but at the moment the culprit is not the hedge funds seeking a higher payout on the distressed debt they bought, but the “troika” of the EU, ECB and the IMF. They gave Greece a Monday deadline to accept bailout terms. And those terms, frankly, are totally insane. The [...]