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Tag Archives | EU

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EU plans savings confiscation, redistribution to help banksters

In a perfect example of the merger of governments and corrupt banks against the rest of us, the EU executive wants to grab personal pension savings to provide ‘long-term financing’ to, you guessed it, those very same corrupt and mostly insolvent banks. This is savings confiscation to aid the wealthy organized by governments. “The Commission […]

Belgium, home of European Union, has no functioning government

Journalist Andy Carling in Belgium, on the dire situation there, where for 18 months now a caretaker government has been handling only routine business. Now, Belgium, a nation that appears intent on geographical suicide is about to go under. A combination of EU dithering, narrow minded politicians and financial pressure has left the home of […]

EU plans to convert unused biomass to energy

The project involves 19 countries looking for ways to convert non-food biomass to energy on a massive scale. One particular target is municipal waste. Imagine the savings if what once was dumped in landfills or burned became energy instead.

Greek debt crisis “absolute nightmare”

Interview with Financial Times chief economics correspondent, Martin Wolf. From Wolf’s point of view, the choice is an easy one: Restructure now and force the private sector to at least share in the pain (for a change). But the banksters never want to take a writedown on their dicey bond ‘investments’ and instead try to […]

Multiculturalism has failed, say European leaders

“My answer is clearly yes, it is a failure,” [French President Nicolas Sarkozy] said in a television interview when asked about the policy which advocates that host societies welcome and foster distinct cultural and religious immigrant groups. “Of course we must all respect differences, but we do not want… a society where communities coexist side […]

EU countries to build offshore renewable energy grid, US snoozes

The grid, which would become fully operational in 2020, would allow the EU countries to share renewable electricity throughout the continent and the British Isles. Meanwhile, here in the supposedly United States, we’ve been squabbling for years about whether or not to have offshore wind power at all. We still don’t have one single, solitary […]

Ireland should default, and force the banksters to take losses

The problem is not debt incurred by the government but rather that the banksters, who knowingly bought garbage bonds and made flaky loans, are demanding to be paid back at 100% on the dollar by the government and that the Irish taxpayers foot the bill for banker’s plunder, greed, and recklessness. This is criminal. Ireland […]

It’s hard to watch the rape of Ireland

31 billion euros for Irish bank capital capital aid … Out of 31.5 billion euros total tax revenue for the year! Leaving 0.5 billion euros for the rest of the government. And please note that 31 billion is a *voluntary* contribution to the banks by the government. … Mortgaging the people of Ireland for at […]

Cap and trade works in Europe. That because it’s mandatory

Cap and trade is mandatory in the EU for large corporations. They must participate. And guess what, it is successful. Unlike in the US where a a timid little voluntary cap and trade system was tried and predictably failed, the EU system has demonstrably lowered emissions and increased the use of clean, renewable energy. More […]

Today we are all Irish. Stop the banksters

Ireland should default on their debt and force the banker thugs to take a haircut on their investments. And that’s precisely what might happen after their craven and corrupt government falls. The new government will be much more militant and should simply repudiate the debt. Krugman These debts were incurred, not to pay for public […]

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