Google’s Monopoly Under Threat In Europe

By: Tuesday September 9, 2014 7:26 am

Though Google may have US officials on the end of a string it is facing serious pushback in Europe. Calls for the search monopoly to be broken up and more heavily regulated have been voiced from high government officials as the company that once claimed the motto of “don’t be evil” is seen as a [...]

Secret Recording Reveals Polish Foreign Minister Thinks US Alliance Is ‘Worthless,’ ‘Bullshit’

By: Monday June 23, 2014 7:28 am

Murzyńskość = Négritude – Wikipedia, wolna encyklopedia http://t.co/MGKgnUujFE — Radosław Sikorski (@sikorskiradek) June 22, 2014 Radoslaw Sikorski, Poland’s Foreign Minister, in an unguarded, candid, and theoretically private conversation revealed he thinks the Polish-American alliance is “bullshit.” A secret recording of Minister Sikorski talking to Polish Finance Minister Jacek Rostowski reportedly contains audio of Sikorski saying [...]

Bush And Kerry Defend NSA Spying Programs

By: Monday July 1, 2013 8:33 am

Bonesmen? All here! In a mark of bipartisanship, former 2004 presidential rivals George W. Bush and John Kerry made the media rounds celebrating the NSA’s spying program on American citizens and European allies. In an interview with CNN, former President Bush condemned Edward Snowden and defended PRISM. Former President George W. Bush and his wife, Laura, [...]

Monsanto Thwarted In Europe Will Not Apply For New GMO Approvals

By: Wednesday June 5, 2013 6:48 am

Everyone’s favorite agribusiness monopoly is having problems in Europe. Unlike in America where the company can bribe its way to legal immunity Europe has something America had many years ago – the rule of law and democratic accountability. Unfortunately for Monsanto this means when farmers and consumers object to more frankenfood they have to give [...]

Berlusconi’s Return Roils Italian Markets

By: Monday December 10, 2012 10:08 am

Markets in Italy are freaking out today, mainly because of the pronouncement of one man, Silvio Berlusconi. The former Prime Minister plans to run for office yet another time, and Mario Monti, the current caretaker leader, has resigned, setting up new elections probably in February.

Austerity Still Taking a Bite Out of Europe

By: Wednesday December 5, 2012 8:30 am

While debating how much austerity outside of the magic no-budgetary-impact spending on the Pentagonto enact, the United States could take a lesson from, well, from the rest of the developed world. The relative lack of austerity in the US compared to Britain and the rest of Europe led to better economic performance (and it’s important [...]

Eurozone Unemployment Rises to New Highs

By: Friday November 30, 2012 9:15 am

Joblessness in the Eurozone reached new highs in October, with 11.7% of the population in the member states out of work. This compares to a 10.4% unemployment rate just a year ago. And inflation has slowed, suggesting that consumer spending activity has weakened even further. 23.9% of young people under 25 are unemployed. There’s considerable [...]

Greek Reaches Yet Another Debt Deal With Europe

By: Tuesday November 27, 2012 10:00 am

European Union finance ministers and the IMF reached another in a series of deals with Greece on long-term debt. The deal will lead to the release of another tranche of around 44 billion euros in bailout funds for the country to pay its debts to creditors, including government payroll and pensions. The deal aims to [...]

No, Mario Draghi Should Not Be Person of the Year, Because He Failed in His Effort to Break European Sovereignty

By: Monday November 26, 2012 12:30 pm

European finance ministers have yet to make any decisions on the Greek bailouts. In general they have to choose whether or not to continue funding the country’s borrowing and on what terms. Will they forgive another portion of Greek debt (this is unlikely)? Will they allow the country a reprieve from meeting EU budget targets [...]

Eurozone Officially Falls Into Double-Dip Recession

By: Thursday November 15, 2012 2:49 pm

The Eurozone experienced its second straight quarter of negative growth in the third quarter of 2012, fulfilling the technical conditions of a recession. This recession is so far mild, with a -0.1% quarter following a -0.2% quarter. This is actually a bit larger than it looks because Europe doesn’t annualize its GDP numbers, so in [...]

Greece Gets Extension on Meeting Budget Targets

By: Tuesday November 13, 2012 9:15 am

Greece’s international creditors have delivered a minor lifeline to the ruined country, extending the deadline for when they must meet EU budget targets by two years. However, at the same time, the Eurozone finance ministers delayed the releast of a new tranche of bailout funds from Greece, worth 31.5 billion euro. Greek PM Antonis Samaras [...]

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