Search Results for: Europe

Brexit is just the beginning

Brexit EU

From Filip Karinja, for Birch Gold Group Last week, global equity markets were shook up, when $2 trillion was wiped out in a single trading day. That’s bigger than any daily loss during the 2008 global financial crisis, or on the infamous Black Monday stock market crash of 1987. The cause? A surprise …

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25 EU banks fail stress test

European banks

Nearly one in five leading European banks have failed the stress test conducted by the European Central Bank, which revealed a $31.2 billion (€24.6 billion) capital gap in 25 banks showing they’re not ready to withstand a three-year recession. The results of the EU-wide stress test were reported on Sunday …

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Europe dealing with refugee disaster caused by US

Refugee crisis Europe

Venezuelan President Nicolas Maduro pinned the blame for the worst refugee crisis to hit Europe since WWII on the United States, speaking exclusively to RT. The Venezuelan leader accused the US of flinging the Middle East into a whirlpool of wars thus provoking the current refugee crisis faced by European …

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Greece to trigger collapse of fascist eurozone

Greece Eurozone Yanis Varoufakis

From Filip Karinja, for Birch Gold Group Greece is rapidly running out of money. In a last ditch effort to remain afloat, the nation recently passed a law requiring all cash reserves in public sector entities to be transferred to its central bank, the Bank of Greece. This is just the latest round …

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NATO expands into Eastern Europe against its charter

Anders Fogh Rasmussen NATO

NATO is to deploy its forces at new bases in eastern Europe for the first time, in response to the Ukraine crisis and in an attempt to deter Vladimir Putin from causing trouble in the former Soviet Baltic republics, according to its secretary general. Anders Fogh Rasmussen said the organisations’s summit in Cardiff next week …

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European Central Bank to start buying private-sector debt

Benoît Coeuré ECB

The European Central Bank will start buying private-sector debt instruments within days with the aim of raising the bank’s holdings of assets and steering money to the economy, ECB executive board member Benoît Coeuré said Friday. The purchases “will have the objective to steer the balance sheet of the ECB …

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Live Greek election poll tracker

With the only real catalyst on the horizon not due for nearly one month – that would be the Greek elections of June 17 which while presented as the make or break event for the Eurozone, we believe will be once again inconclusive, resulting in no actual government, but merely …

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European nations look to bring their gold reserves home

Gold bars

The financial crisis in Europe is prompting some nations to repatriate their gold reserves to national vaults. The Netherlands has moved $5 billion worth of gold from New York, and some are calling for similar action from France, Switzerland, and Germany. An unmatched pace of money printing by major central …

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Bank run fears in Bulgaria

Dozens of depositors have withdrawn savings from Bulgaria’s third biggest bank despite assurances from the government and the European Union that their money was safe after a similar run shut down another major lender last week. Bulgarian authorities have arrested four people suspected of trying to destabilise the banking system in a concerted …

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EU planning to own and operate spy drones and an air force

Drones

The European Union is pondering an EU Commission proposal to acquire a fleet of surveillance drones, satellites, and planes as part of an “ambitious action” to boost the European defense industry. It follows revelations of the NSA’s spying programs. The European Commission has issued a 17-page report, proposing some concrete steps …

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Cyprus banks to remain closed until Thursday

Bank of Cyprus

The Cypriot finance minister has ordered all the country’s banks to remain closed until Thursday, the country’s central bank announced. Just hours before the announcement late Monday, the central bank said all but two country’s largest banks would open on Tuesday morning. The postponement could be a sign that the …

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Europe is about to impose extreme repression – Nigel Farage

nigel farage

On the heels of the recent turmoil in global markets, today King World News interviewed MEP (Member European Parliament) Nigel Farage, to get his take on the ongoing crisis.  Farage told KWN that “What you may see is a very desperate European Union begin to put in place capital controls and things …

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What happens after Brexit?

When it comes to “Plan B” Europe is funny: it never has one. The best example is, of course, Greece most notably from an April 2013 press conference, when Mario Draghi responded to a question from Zero Hedge readers about a worst case scenario for Greece. This was the exchange that …

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US deploys 3 B-52 nuclear bombers for NATO exercise in Europe

B52 NATO nuclear bomber

Three US Air Force B-52 Stratofortress bombers based at Barksdale Air Force Base in the state of Louisiana have been redeployed to Moron Air Base, Spain, the US Strategic Command announced in a statement. “The multi-role heavy bombers will integrate and train with US European Command components and regional allies and partners by participating in the Norwegian exercise …

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Europe’s economic suicide

Dismissing the propaganda-like vision of growth and jobs that is now at the forefront of any and every word from the status-quo seekers that are the European Elite, England’s Nigel Farage notes the hypocrisy of the forthcoming summit’s agenda. The Euro itself was supposed to create growth and jobs and …

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Europe to open its skies to drones by 2016

drone wars

In an obscure working document, the European Commission has announced it is working on plans to open European civil airspace to unmanned drones by 2016.  This follows the signing by President Obama earlier this year of the FAA Appropriations bill which mandated that US airspace must be opened to drones …

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Great news: Monsanto abandons plans for GMOs in Europe

GMO-protest-in-France

The world’s largest seed corporation says it has dropped its bid to get more genetically modified crops onto the European market due to the wide-spread popular opposition. The biotech giant says it will expand its share of the natural seed market instead. “We will no longer be pursuing approvals for …

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