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The European Union is to ban olive oil jugs and dipping bowls from restaurant tables in a move described by one of Britain’s top cooks as authoritarian and damaging to artisanal food makers. The small glass jugs filled with green or gold coloured extra virgin olive oil are familiar and traditional for restaurant goers across Europe but they will be banned from 1 January 2014 after a decision taken in an [...] Voters would feel they had regained control over their own destiny if Britain became fully independent from Brussels, the Mayor of London said. Mr Johnson warned that the country must be ready to “walk away” from Europe if David Cameron failed to negotiate better terms of membership. Mr Johnson’s comments will fuel the increasingly fevered debate inside the Conservative Party about European policy, which has flared after the success of Ukip in [...] by Phoenix Capital Research
The news coming out of Cyprus only gets worse. It was bad enough that the political class even promoted the idea of STEALING depositors’ savings. But now we’re finding out that they lied time and again about how much they’d take. Initially the plan in Cyprus was the following: Simply TAKING 6.75% of ALL savings accounts up to the official insurance limit of €100,000 dollarvigilante.com [Editor's Note: The following post is by TDV Editor-in-Chief, Jeff Berwick] While European politicos negotiate in Brussels, deciding the fate of other people’s money in Cyprus, the free market has already moved in to help Cypriots get access to their money via other means… Banks have been closed for the last week in Cyprus and if they do re-open on Tuesday, it has now been announced that daily withdrawal limits at [...] Cyprus has only “hard choices left” and must agree terms on Sunday for a crucial bailout for its ailing banks, the EU’s commissioner for economic affairs Olli Rehn says. Mr Rehn said there were no longer any “optimal solutions” and that Cyprus’s near future “will be very difficult”. Talks with the EU and IMF continued throughout Saturday in Nicosia. Cyprus needs their approval in order to present a rescue plan to eurozone [...] European leaders meeting in Brussels were met with protests against austerity as they try to work out a way to tackle the debt crisis crippling the Eurozone. Some of the protestors were arrested by police. Thousands of protestors in Brussels were also demanding that EU leaders bring austerity measures to a close and focus on boosting growth and reducing unemployment. The protests were led by the European Trade Union Association, and the [...] voanews.com European leaders are gathered in Brussels for another summit, facing new concerns that their austerity policies are adding to the continent’s unemployment problem and weakening the chances for an economic recovery. Thousands of workers gathered outside the summit meeting place Thursday to protest the austerity policies that European governments have embarked on to cut their deficits and long-term debts. The European Union leaders were faced with a new report [...] LIVE: EXIT POLL: BERSANI SET TO WIN ELECTION Rome, Italy — We’re live from the Casa dell’Architettura in Rome, where the center left Partito Democratico is hosting its election day activities.
According to exit polls reported by Bloomberg, Pier Luigi Bersani is projected to win. Here’s a breakdown of the exit polls: Sky News Poll, Chamber results: Bersani: 34.5 percent RAI poll, Senate results Bersani: 36-38 percent …
The First Italian Exit [...] from FT: Brussels should request from Paris a serious plan for public spending cuts. The French 2013 budget adjustment was mostly based on tax increases. The government has announced that further consolidations would come from public spending cuts. This is however a rather weak commitment because President François Hollande has not spelt out precise priorities, let alone targets. It is not enough to say that some government spending will be cut. [...] Much of the regulation issuing from the EU is being passed down from even bigger, global bodies by Christopher Booker, The Telegraph: As predicted, that speech on “Europe” delivered by David Cameron at eight o’clock on Wednesday morning put one in mind of the White Queen’s boast that she could “believe six impossible things before breakfast”. He wanted us to believe that he could persuade the EU to change its nature and the purposes [...] Silvio Berlusconi was not exactly a welcome guest when he turned up in Brussels for the pre-summit gathering of Europe’s centre-right leaders.
Some worried about being photographed next to Mr Bunga-Bunga. Others muttered about him being a “destructive force” after he had announced his “return to the field”, prompting the technocratic prime minister, Mario Monti, to announce his resignation. Across Europe there is worry that Mr Berlusconi will upset the fragile financial calm [...] RT Russia’s ambassador to NATO criticized the Western military alliance for its planned deployment of Patriot missiles on the Turkey-Syria border, saying the move threatens to increase hostilities. After dismissing the idea that Syria was interested in “fanning tension on the border” with Turkey, Alexander Grushko said the proposed deployment of US-made Patriot missile defense systems indicated that NATO “is getting involved in the conflict after all.” Grushko, speaking in Brussels [...] from Capital Account: EU leaders failed to reach an agreement on a budget deal, as wealthier EU countries pushed for more restraint in the proposed 7 year spending plan. Meanwhile UK Prime Minister David Cameron blamed the European Commission for the budget deal break-down, accusing the commission of insulting taxpayers by refusing to accept cuts in its budget or make reductions in staff pay or perks. He complained that 200 EC staff earned [...] BRUSSELS November 21, 2012 (AP)-Turkey’s government requested the deployment of NATO’s Patriot surface-to-air missiles Wednesday to bolster its defenses along its border with Syria. Any deployment of NATO forces needs the approval of the alliance’s governing body, the North Atlantic Council. But this is seen as a formality since NATO has already said it has plans in place to protect Turkey from a spillover of Syria’s civil war. “Allies will discuss this [...] BRUSSELS - In Greek mythology, the Phoenician princess Europa was abducted and raped by the king of the gods, Zeus. But her image will from next year replace pictures of windows and doors on euro banknotes as a security and deocrative feature. “Portraits have long been used in banknotes around the world and research has shown that people tend to remember faces. Is there any better figure than Europa to serve as the [...] Euro-area finance ministers may not make a decision on unlocking funds for Greece until late November as they await a full report on the country’s compliance with the terms of its bailout, a European Union official said. Finance chiefs won’t make the call to release 31.5 billion euros ($40.1 billion) of aid for Greece that has been frozen since June when they meet in Brussels on Nov. 12, the official said [...] BRUSSELS - Moody’s ratings agency on Monday (22 October) downgraded five of Spain’s biggest regions to “junk” status. “Very limited cash reserves” as of September and “significant reliance on short-term credit lines” are Moody’s main arguments for slashing Catalonia, Andalucia, Castilla-La Mancha, Extremadura and Murcia to below investment grade, where punters take high default risks when buying bonds. Catalonia – representing a fifth of Spain’s economy – saw its rating cut further into [...] From FT: As European leaders gather once again in Brussels to discuss the eurozone crisis, a shift to an anti austerity stance is urgently required. Yet whatever the fate of the single currency, the current crisis is set to transform the European Union. If the euro is kept intact, it will be because of a shift to more federal structures within the eurozone. If it fractures, there will need to be [...] Germany has stated its exorbitant price for keeping Greece in the euro and agreeing to mass bond purchases by the European Central Bank. There must be an EU “currency commissioner” with sweeping powers to strike down national budgets; a “large step towards fiscal union”; and yet another EU treaty. Finance minister Wolfgang Schaeuble dropped his bombshell in talks with German journalists on a flight from Asia, and apparently had the blessing of [...] Education Secretary has told friends that he would vote to leave if there was a referendum today on whether the UK should cut its ties with Brussels He wants Britain to give other EU nations an ultimatum: ‘Give us back our sovereignty or we will walk out’ BRUSSELS (AP) — The United States has sent military troops to the Jordan-Syria border to bolster that country’s military capabilities in the event that violence escalates along its border with Syria,Defense Secretary Leon Panetta said Wednesday…. http://news.yahoo.com/panetta-us-sends-forces-jordan-131927741.html From FT: Eurozone countries would have to sign binding contracts with Brussels, committing them to detailed fiscal reform, according to a draft EU agenda that would increase the bloc’s control over national economic policies. The provision, included in a report distributed to EU countries before this month’s summit, would require all 17 eurozone members to sign on to the kinds of Brussels-approved policy programmes and timelines now negotiated only with bailout countries. Read more A new project aimed at “countering illegal use of the Internet” is making headlines this week. The project, dubbed CleanIT, is funded by the European Commission (EC) to the tune of more than $400,000 and, it would appear, aims to eradicate the Internet of terrorism. European Digital Rights, a Brussels-based organization consisting of 32 NGOs throughout Europe (and of which EFF is a member), has recently published a leaked draft document [...] Jillian C. York and Katitza Rodriguez A new project aimed at “countering illegal use of the Internet” is making headlines this week. The project, dubbed CleanIT, is funded by the European Commission (EC) to the tune of more than $400,000 and, it would appear, aims to eradicate the Internet of terrorism. European Digital Rights, a Brussels-based organization consisting of 32 NGOs throughout Europe (and of which EFF is a member), has recently published a leaked draft document [...] BRUSSELS (AP) - How much does it cost to tell the one of the EU’s top officials he has “the charisma of a damp rag?” About €3,000, or close to $4,000, as a European member of Parliament has discovered…. Read more: http://www.myfoxny.com/story/19562608/lawmaker-fined-about-4000-for-insulting-eu-chief#ixzz26lMjyigG ECB could get power over 6,000 banks From FT: The European Central Bank would be given sweeping authority over all 6,000 eurozone banks under a plan being drawn up by the European Commission, putting Brussels on a collision course with Germany and the ECB itself, which have urged a more decentralised first step towards “banking union”… Brussels! The home of the Eurotards. People over here are still in denial! Overall, I have been surprised this summer in Europe how many people I have spoken to who appear quite intelligent that have no understanding of the amount of shit that the Eurozone is in right now. I kept hearing these Eurotards saying something like,
“The Euro will be ok, they just need to contain the crisis and everything will be [...] Former Prime Minister Tony Blair has said he is “deeply worried” that Britain will leave the European Union via a referendum.
Mr Blair also told a German newspaper that the UK’s exit from the EU could be sparked by too much power being transferred to Brussels. David Cameron said in July that it was a “perfectly honourable position” to call for a referendum on Britain’s membership of the EU – something polls show a [...] Brussels has been mercifully quiet over the last few days, but the moratorium on action won’t last beyond Sept. 12 — if it lasts that long. Some European Commission and European Council staff will be here throughout August, but the commission’s economics man, Olli Rehn, his office informs us, does not intend to be back in town before the last week of August. The markets are open. The troika — European Commission, European [...] Via UBS FX Strategy: The Eurogroup last week formally approved a €100bn bank bailout but as our banking colleagues have argued, the programme generates no equity and no funding and is thus unlikely to make any lasting difference either to the limited market access of the banks or to the credit crunch affecting the country. Also, the decision at the June EU summit to take a first step towards a banking [...] |
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