Sanctions Cost: Europe could stand to lose 100 billion Euros
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Tag: eu
Collapse, Part 1: Greece
The theme this week is collapse. It’s a big, complex topic because there are as many types of collapse as there are systems. Some systems appear stable on the surface but collapse suddenly; others visibly decay for decades before finally…
Getting Greece to budge on bailout is like giving birth with forceps, warns top EU official – but are European leaders about to hand over another £13BILLION to bail them out again?
‘Forcing Greece to compromise on its deficit ahead of crunch talks to keep them in the European Union has been like delivering a baby with forceps, a senior official admitted today. Greece has offered new proposals offered to European leaders ahead of an emergency summit in Brussels, suggesting a deal to end the country’s debt […]
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US official says British government undermined progress on tax avoidance
‘Britain has been attacked by a senior US official for undermining progress on a global clampdown on tax avoidance by multinationals ahead of an international agreement to be published at the G20 talks in the autumn. Efforts to establish standards that would prevent companies from shifting their profits across borders to avoid taxes are said […]
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EU extends economic sanctions against Russia – official
‘The European Union has extended economic sanctions against Russian for a further six months, an EU official said. This follows the EU’s decision Friday to extend sanctions against Crimea for another year.’ Read more: EU extends economic sanctions against Russia – official
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UK trips up EU plan to ham string industrial-scale corporate tax avoidance
‘Britain will not adopt new EU measures to tackle large-scale tax avoidance by multinational companies, the financial secretary to the Treasury has said. Brussels hopes to implement a longstanding tax harmonization plan to set common rules across member states, thereby closing legal loopholes multinationals currently exploit. A German member of the European Parliament (MEP) said […]
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EU shouldn’t view itself as economic hub of universe: Greek PM
‘Greek Premier Alexis Tsipras has said that Europe Union needs to understand that the center of world economic development is shifting to other regions. Speaking at St. Petersburg International Economic Forum in Russia on Friday, Tsipras said that the financial hub of the world “has already shifted” as new powers are playing a more and […]
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Russia to keep EU food ban to retaliate West sanctions
‘Russia says it will keep its embargo on European and US foods in place as long as Western sanctions against Moscow are not lifted. Deputy Prime Minister Arkady Dvorkovich said on Thursday that “the embargo will stay” if the West renews its bans on Russia which have been imposed over the country’s alleged role in […]
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Russia ‘ready to consider bailing out Greece’
‘Russia says it is ready to consider offering loans to debt-stricken Greece, which is struggling to secure financial aid from its Western creditors. “We will support any decision (on the Greek debt crisis) that is proposed by Greece and our European partners,” Deputy Prime Minister Arkady Dvorkovich said, local Russian media reported. “The most important […]
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Ireland is preparing contingency plans for Britain leaving the European Union
‘The Irish government is preparing contingency plans in the event that Britain leaves the European Union, Ireland’s foreign minister has said. Dara Murphy said his government’s priority was playing a role in keeping the UK […]
Rioting Migrants Attempt to Hijack Trucks Heading for UK
‘Shocking footage filmed in the French port town of Calais shows desperate migrants attempting to break into delivery trucks heading to the United Kingdom in another illustration of how the country’s generous welfare system acts […]
Russian Pivot: Greek PM Schedules Putin Meeting Ahead Of ‘Lehman Weekend’
‘Earlier this month, we reported that Greece is prepared to sign an MOU of political support for Gazprom’s Turkish Stream Pipeline, when Alexis Tsipras visits St. Petersburg for the International Economic Forum this week. The […]
‘Lehman Weekend’ Looms For Greece As Europe Readies ‘Emergency’ Sunday Meeting
‘Last week, Greek PM Alexis Tsipras submitted two three-page proposals that were ostensibly designed to close the gap with creditors. EU officials were incredulous, calling the drafts “not serious.” Tsipras had effectively resubmitted Greece’s previous […]
Starvation Is the Price Greeks Will Pay For Remaining In The EU
‘Syriza, the new Greek government that intended to rescue Greece from austerity, has come a cropper. The government relied on the good will of its EU “partners,” only to find that its “partners” had no […]
Greece accuses Europe of plotting regime change as creditors draw up ultimatum
‘Greek premier Alexis Tsipras has accused Europe’s creditor powers of trying to subvert Greece’s elected government after five years of “pillaging”, warning in solemn terms that his country will defend its sovereign dignity whatever the […]