Critical Analysis: Europe’s Slow Motion Debacle

Published on Axis of Logic (first on Strategic Culture Foundation ), by Pepe Escobar, March 5, 2016.

From a failed attempt to clear the Calais jungle to the appalling situation at the Greek-Macedonian border, the EU crumbles under the strain of a massive refugee crisis. Even the Kafkaesque Brussels Eurocrat construct admits it – off the record, because official EU must always project a mythical image of unity: “We are on the edge of an abyss” … // Continuer la lecture de « Critical Analysis: Europe’s Slow Motion Debacle »

It Begins: Palace Revolt against ECB’s NIRP

Published on Wolf Street, by Wolf Richter, March 4, 2016: if punishment interest exceeds the pain threshold.

The Association of Bavarian Savings Banks, which represents 71 savings banks in the German State of Bavaria, has had it with the ECB’s negative deposit-rate absurdity, and it’s now instigating a palace revolt. Continuer la lecture de « It Begins: Palace Revolt against ECB’s NIRP »

Is South America’s ‘Progressive Cycle’ at an End?

Published on The Bullet, Socialist Project’s E-Bulletin No. 1229, by Claudio Katz, March 4, 2016: Neo-Developmentalist Attempts and Socialist Projects.

… The year 2015 ended with significant advances of the Right in South America. Mauricio Macri was elected President in Argentina, the opposition gained a majority in the Venezuelan parliament, and Dilma Rousseff is being hounded relentlessly in Brazil. Then there are the conservatives’ campaigns in Ecuador, and it remains to be seen whether Evo Morales will obtain a new mandate in Bolivia.[1] Continuer la lecture de « Is South America’s ‘Progressive Cycle’ at an End? »