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German Finance Minister Tells EU Leaders: Free Money Party’s Over

zerohedge.com / by Tyler Durden on 08/28/2014 19:41

Has Germany had enough? Hot on the heels of Mario Draghi’s ‘demands’ that EU leaders undertake “structural reforms” to boost competitiveness and overcome the legacy of Europe’s debt crisis, German Finance Minister Wolfgang Schaeuble unleashed perhaps the most worrisome statement tonight for all the free-money-party-goers [...]

Russian Sanction Destroying European Agruculture

armstrongeconomics.com / by Martin Armstrong / August 26, 2014

In Netherlands, farmers are being driven into bankruptcy and banks have lent money ti farmers they cannot now collect. In Spain, Catalan peasants burned their crops publicly protesting against the policies of Brussels. They see the EU Strategy against [...]

26/8/2014: Ukraine: Road-Map toward De-Escalation

trueeconomics.blogspot.com / By Dr. Constantin Gurdgiev / August 26, 2014

There are several major roadblocks for devising and implementing a functional road map to deliver peaceful de-escalation and ultimately resolution of the conflict in the Ukraine. Some are quite directly logistical (this does not make them any less important, although this does imply different [...]

Stuck in the Middle with Merkel? Upcoming German State Elections

marctomarket.com / by Marc Chandler / August 25, 2014

German politics will become more interesting starting this weekend. On Sunday, the largest state in the former East Germany, Saxony will hold its local election. The key issue is how does the anti-euro Alternative for Germany (AfD) do.

In May, much to the chagrin of Chancellor [...]

Debt Rattle Aug 25 2014: Is France About To Kill The Eurozone?

Dorothea Lange Saturday afternoon. 10 cent store, Siler City, North Carolina July 1939

theautomaticearth.com / by Raúl Ilargi Meijer / August 25, 2014

Well, it’s not as if nothing ever happens. One government and one parliament down, all in one day. One planned, the other not so much.

Ukraine president [...]

Sanctions Costs: German Exports To Russia Collapse, “Risk 50,000 Jobs”

zerohedge.com / by Tyler Durden on 08/25/2014 17:04

Just a month ago, Germany’s powerful business lobby threw its weight behind tougher sanctions against Russia(dropping its previous objections). It appears they are now regretting that decision. As The Federation of German Industry (BDI) reports today, exports to Russia in H1 2014 dropped 15.5% [...]

SCO and Mackinder’s prophecy

goldmoney.com / By Alasdair Macleod / 22 August 2014

There will be a defining geopolitical event next month when India, Pakistan, Iran and Mongolia become full members of the Shanghai Cooperation Organisation (SCO). This will increase the population of SCO members to an estimated 3.05 billion. We should care about this because it is the [...]

Russia Busts European Sanctioned-Fruit Smuggling Ring

zerohedge.com / by Tyler Durden / 08/22/2014 08:15 -0400

Just days after Russia banned the import of various foods from sanctions-supporting nations, VZ reports Russia’s food safety ministry Rosselhoznadzor has discovered fruit being smuggled in via Belarus that was restamped as being from Zimbabwe and various other non-sanctioned nations. It appears the [...]

An Apple A Day Keeps Vladimir Away!

acting-man.com / By Pater Tenebrarum / August 20, 2014

Austria Threatened by Apple-Berg

It turns out that Austria’s apple growers are also victims of the counter-sanctions recently imposed by Vlad the Terrible in the form of a new diet plan for Russia. How could you, Vladimir Vladimirovich? Haven’t the Austrian’s dutifully signed [...]

EU To Pay Members with Tax Money for Losses in Revenue with Russia

armstrongeconomics.com / by Martin Armstrong / August 19, 2014

Resistance to the Russian sanctions in the EU has been growing in some regions of the EU. Hungary now has spoken out against the hard-line of sanctions and Brussels now seeks to dampen the rising anger with bribes – paying for [...]

Ukraine, Lebanon Demand US “Weapons, Aviation, Air-Defense Equipment”

zerohedge.com / by Tyler Durden on 08/18/2014 15:04

Now that the US is exhibiting all the tact of a neocon bull in a china world, and has resumed airborne assaults in Iraq (with US marines on the ground merely for decorative purposes) it is hardly surprising that the rest of the world – [...]

Dr. Putin’s Diet Plan

acting-man.com / Pater Tenebrarum / August 18, 2014

Move Over Atkins …

The sanctions tit-for-tat between the EU and Russia that is making so many headlines is economically less important than it appears on the surface, at least in terms of its directeffects. All actors in the game have taken great care not [...]

Europe Says Would Consider Any “Unilateral Military Action By Russia A Blatant Violation Of International Law”

zerohedge.com / by Tyler Durden on 08/15/2014 11:53

While we await to see any actual proof of either a Russian armed convoy entering Ukraine territory, or that this convoy was shelled by Ukraine artillery, because as a reminder this is first and foremost a war of relentless propaganda on all sides, here is [...]

Rule of Small Prices; European Sanction Solidarity Goes Up in Flames: “We Can’t Sacrifice Our Interests in the Name of Some Duel”

globaleconomicanalysis.blogspot.com / Mike “Mish” Shedlock / August 14, 2014

Tit-for-tat sanction cracks widened to the breaking point today following a report Ukraine Approves Law on Sanctions Against Russia.

Europe is particularly concerned about a Ukraine statement that “European energy companies would have to agree major contract revisions when purchasing Russian natural gas if [...]

Ukraine Passes Russian Sanctions Law: Gas Transit Halt Seems Imminent

zerohedge.com / by Tyler Durden on 08/14/2014 13:00

The Ukrainian parliament approved a law on Thursday to impose sanctions on Russian companies and individuals “for financing terrorism.” As Reuters reports, Prime Minister Arseny Yatseniuk told parliament that “by approving the law on sanctions, we showed that the country is able to protect itself.” [...]

Russia Sanctions Blowback: Finland’s Largest Dairy Lays Off 800, Spain Seeks EU Aid, Poland Complains To WTO

zerohedge.com / by Tyler Durden on 08/13/2014 14:44

Well that didn’t take long. Mere day after Russia announced its ban on Western nation food imports, European countries are scrambling (as we explained why here). Greece has already expressed dismay, but now Spanish officials will meet with EU leaders to discuss offsetting the [...]

Washington Chokes Truth With Lies — Paul Craig Roberts

paulcraigroberts.org / Paul Craig Roberts / August 13, 2014

Are Western propagandists fooling anyone but themselves?

The latest absurdity coming out of Ukraine, the EU and Washington is that the humanitarian aid that Russia and the Red Cross are trucking into the former Russian territories that comprise eastern Ukraine is a [...]

US Sanctions on Russia Are Already Backfiring on Americans

caseyresearch.com / by Marin Katusa / Aug 12, 2014

Overall, the most recent sanctions from the US and EU on Russia are the toughest to date. But the sanctions imposed by the EU differ in many respects from those that Obama has authorized. Rather than getting into a debate of what effects the sanctions might [...]

Greek Bailout 3.0? It’s All Russia’s Fault

zerohedge.com / by Tyler Durden on 08/11/2014 17:15

Despite 30% general unemployment, the majority of youths jobless, GDP forecasts already disappointing, and government asset sales at rock-bottom prices, Greek leaders are preparing to blame any missed growth expectations on Russia. As Bloomberg reports, hopes of a 2014 exit from its deepest recession [...]

If Goods Don’t Cross Borders, Armies Will

zerohedge.com / by Pieter Cleppe of OpenEurope / 08/11/2014 16:30

If Goods Don’t Cross Borders, Armies Will

While the conflict in Ukraine rages on, EU member states havedecided to impose (not so much more stringent)economic sanctions against Russia, which was predictably followed by Russian counter-measures. The question which isn’t being asked [...]

Russia confirms ‘humanitarian’ mission set to go ahead after all

arabianmoney.net / 11 August 2014

For all the nonsense about de-escalation over the weekend Russia has today confirmed that it will go ahead with a humanitarian aid mission to eastern Ukraine, despite warnings from the EU and US not to engage in unilateral military action in the region.

After furious denials late last week Bloomberg [...]

Sanctions Against Russia: U.S. and EU Shoot Themselves In the Foot

washingtonsblog.com / August 7, 2014

Sanctions Against Russia Are Hurting the West

We noted last month that major American business groups are opposed to sanctions against Russia, as they hurt U.S. businesses.

We pointed out that sanctions against Russia are backfiring because they are:

Pushing Russia, China and Iran into dumping the dollar Speeding [...]

Russia Retaliates with Total Embargo of Agricultural Products from EU, US, Canada, Norway, Australia

johngaltfla.com / by John Galt / August 7, 2014

Vladimir Putin warned the West that they were playing with dynamite in the Ukraine crisis and the arrogance of President Obama and certain European leaders is now going to have a major impact on the weakest of the European Union’s members, much more [...]

Will Putin Realize That Russia Holds The Cards? — Paul Craig Roberts

paulcraigroberts.org / By Paul Craig Roberts / August 6, 2014

More evidence, about which I hope to write at length, is piling up that Europe has acquiesced to Washington’s drive to war with Russia, a war that is likely to be the final war for humanity. By Russia’s low key and unthreatening response [...]

US & EU Sanctions Against Russia Threaten the Entire World Economy

armstrongeconomics.com / by Martin Armstrong / August 6, 2014

The brain-dead idea of sanctions against Russia are really threatening the entire global economy. Then combine the USA hunt for anyone with money overseas via FATCA, the EU’s covert federalization of Europe and the suppression of democratic processes, well these politicians just cannot see what [...]

Russia Ponders Russian Airspace No-Fly Zone for EU Commercial and Passenger Jets

globaleconomicanalysis.blogspot.com / Mike “Mish” Shedlock / August 05, 2014

The sanctions retaliation game took another big leap forward today with the EU in the spotlight: Moscow May Force European Airlines to Fly Around Russia.

Russian Prime Minister Dmitry Medvedev threatened on Tuesday to retaliate for the grounding of a subsidiary of national [...]

How About Them Apples?

globaleconomicanalysis.blogspot.com / Mike “Mish” Shedlock / August 4, 2014

On July 30, Moscow blocks Polish fruit, veg imports, mulls EU ban citing “systematic violations of international and Russian phytosanitary requirements”.

Everyone understands this was retaliation for further EU sanctions on Russia.

Russia has slapped a temporary ban on fruit and vegetable imports [...]

Russia Sanctions Extract Their Pound of Flesh – from Germany

wolfstreet.com / by Wolf Richter / August 4, 2014

The elegant sanction spiral the US and the EU are imposing on Russia has not been, let’s say, welcome by German business tycoons. But they can’t fight it directly. They have to do it indirectly, by evoking dire consequences.

So, over [...]

WHY ​EU SANCTIONS ON RUSSIAN FINANCE COULD CRIPPLE LONDON

silverdoctors.com / Originally Posted at RT.com / AUGUST 4, 2014

AFP Photo / John D. Mchugh

The EU plans to widen economic sanctions against Russia, butLondon, already on rocky ground with the EU, would be hit the hardest if tougher restrictions are slapped on Russia’s big state banks.If agreed, EU sanctions would apply to [...]

Another Glitch: Espirito Santo Junior Debt Plummets As CDS Trigger May Be Avoided

zerohedge.com / by Tyler Durden / 08/04/2014 09:12 -0400

Fearful of any impact to the Portuguese/European dream, EU commission leaders folded and bailed out Banco Espirito Santo. Bond and CDS traders are scrambling this morning to come to grips with the consequences of BES bail-out/bail-in. The $6.6 billion bailout’s burden-sharing has wiped out [...]