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Merkel Bashes Trump, Wants Europe to Control Its Own Destiny: EU Hypocrites

I will make my final decision on the Paris Accord next week!

— Donald J. Trump (@realDonaldTrump) May 27, 2017

mishtalk.com / Mike “Mish” Shedlock / May 28, 2017

German Chancellor Angela Merkel warns the traditional western alliance is threatened by new Donald Trump and Brexit.

Her solution: “We Europeans Must […]

In “Watershed Moment” Merkel Says Germany Can No Longer Rely On America

This is an era-defining moment. https://t.co/01NpEriRvv

— Edward Snowden (@Snowden) May 28, 2017

zerohedge.com / by Tyler Durden / May 28, 2017 11:27 AM

One day after Donald Trump infuriated Angela Merkel and the rest of his G-7 peers, when the US president refused to endorse the Paris climate treaty, prompting […]

Fed Plan Falters As Euro Inflation ‘Surprise’ Sparks Bund Fears

zerohedge.com / by Tyler Durden / May 26, 2017 3:26 PM

As SocGen’s Kit Juckes noted earlier in the week, “The ECB, not The Fed, is in the driving seat,” and nowhere is that more optically obvious than in the massive divergence between US-EU bond risk premia and US-EU inflation surprises.

The FOMC’s intent […]

Greek Debt Groundhog Day: Deal Collapses After 8 Hours of Negotiation

mishtalk.com / Mike “Mish” Shedlock / May 23, 2017

Yet another Greek debt cliffhanger is in the works.

After eight hours of intense negotiations, Greece, EU creditors, and the IMF did not reach agreement on restructuring Greek Debt.

However, a big debt repayment does not come until July so negotiations will drag on and […]

UK Threatens To Quit Brexit Talks Over Excessive ‘Divorce Payment’ Demands

zerohedge.com / by Tyler Durden / May 22, 2017

With negotiations between the UK and EU likely to formally begin on June 19, Bloomberg reports that Brexit Secretary David Davis has pre-emptively lashed out at EU officials, threatening that “The UK will quit talks on leaving the European Union unless the bloc drops its […]

EU Shocked to Discover UK May Walk Away With No Deal

mishtalk.com / Mike “Mish” Shedlock / May 21, 2017

The EU now faces the shocking discovery that the UK is not Greece, the EU does not hold all the cards, and the UK is able and willing to simply walk away from ever-escalating EU demands.

Bloomberg reports U.K. Threatens to Quit Brexit Talks […]

EU Warns Turkey After 141 Greek Airspace Violations In Sinigle Day

zerohedge.com / by Tyler Durden / May 17, 2017 8:08 AM

Turkish aircraft and helicopters illegally entered Greece’s airspace 141 times on May 15, the Hellenic National Defence General Staff reported.

As KeepTalkingGreece reports, airspace violations are a common practice by Ankara to reiterates its unfounded claims in the Aegean Sea.

20 Turkish F-16, […]

Brexit Has Put EU Politicians in Panic Mode

mises.org / Alasdair Macleod / May 16, 2017

The EU cannot afford to prevaricate over Brexit because a bad Brexit risks causing it immeasurable harm. Not only does big business in Europe want a Britain with which it can freely trade, but confidence in the European Project is rapidly diminishing. The EU is a […]

California is Highest Taxes State in USA and should join the EU

armstrongeconomics.com / by Martin Armstrong / May 14, 2017

Governor Jerry Brown never saw a problem that could not be solved by just raising more taxes. This time, the state pension fund is going broke as we have been warning with the building Pension Crisis thanks to mismanagement and low interest rates thanks to […]

Markets Becalmed Ahead of US data and Weekend

marctomarket.com / by Marc Chandler / May 12, 2017

The foreign exchange market is becalmed, and the major currencies are little changed. The US dollar is mixed, but mostly a little lower. Sterling is the weakest of the majors, off 0.3%, near $1.2850, having been rebuffed by offers in front of $1.30 several times. […]

More than 50% of Brits are Convinced That the EU is Trying to Derail Brexit in the June Election

investmentwatchblog.com / by Mark Angelides / MAY 11, 2017

A major new poll from YouGov has shown that more than half of Brits believe that the EU is trying to influence the outcome of the General Election on June 8th. The polling was carried out in response to British Prime Minister, Theresa May, making […]

Italy’s Financial Regulator, in Bleak Prognosis, Threatens EU with Return to a “National Currency”

wolfstreet.com / by Don Quijones / May 10, 2017

Nerves are fraying in the corridors of power of the Eurozone’s third largest economy, Italy. It’s in the grip of a full-blown banking meltdown that has the potential to rip asunder the tenuous threads keeping the European project together.

In his annual speech to the […]

Roubini: “Why Are Markets Ignoring Geopolitical Risks?”

zerohedge.com / by Nourial Roubini via MarketWatch.com / May 9, 2017

With Emmanuel Macron’s defeat of the right-wing populist Marine Le Pen in the French presidential election, the European Union and the euro have dodged a bullet. But geopolitical risks are continuing to proliferate.

The populist backlash against globalization in the West will not […]

Zumutungen! Buyer’s Remorse in France, Impossible Situation for Germany

mishtalk.com / Mike “Mish” Shedlock / May 9, 2017

Now that the cheering over the French election has died down, reality will strike France and Germany like a cold bucket of water thrown in one’s face on a Winter’s day.

Germany was guaranteed to not like the result no matter who won. The final […]

Lowest Turnout Since 1974 As France Decides The “Future Of The EU”

#Presidentielle2017 : participation à 65,3% à 17:00. (71,96 % en 2012 et 75,11 % en 2007)./Ministère pic.twitter.com/YYAHgjEBrz

— LesNews (@LesNews) May 7, 2017

zerohedge.com / by Tyler Durden / May 7, 2017 1:18 PM

Update: as of 5pm, the French voter participation was 65.3%, which is the lowest in presidential elections […]

Italian Prime Minister Secretly Meets With George Soros In Rome Amid Migrant Transport Scandal

zerohedge.com / by Gefira / May 4, 2017 10:01 PM

In the past few weeks, the transport of migrants from the African shores has become a case of national importance for Italy, and is now under investigation from the prosecutor of Catania, who recently testified to the Defence Committee of the Italian Senate and will […]

EU Orders Austria, Germany, Denmark, Sweden, Norway to Stop Border Controls: Or What?

mishtalk.com / Mike “Mish” Shedlock / May 3, 2017

Bureaucrats should not go about making orders they cannot enforce. It serves no purpose other than to make the bureaucrats look ridiculous. Here is a case in point: Brussels Orders EU Countries to SCRAP Internal Checks Within Six Months.

***

In an announcement tonight, […]

Cable Drops As PM May Says European Officials Have Issued Threats Against UK

zerohedge.com / by Tyler Durden / May 3, 2017

Following the ridiculously round number demands of EUR100 billion ransom to leave the EU, UK PM Theresa May has stated that EU officials have issued threats against The UK as Europe’s negotiating stance has toughened. Furthermore, May accuses EU countries of trying to maliciously influence […]

Poland – The Next Crisis for the EU – Independent Sovereignty is the Issue

armstrongeconomics.com / by Martin Armstrong / May 3, 2017

Poland represents a major threat to the EU. The entire idea of the EU was the propaganda that Member States would successively grow into a real Union through a longer integration process. GDP was supposed to grow, not decline, and the threat of war would […]

Juncker Tells Merkel “Theresa May Lives in a Different Galaxy”

mishtalk.com / Mike “Mish” Shedlock / May 1, 2017

Brexit amusement continues as a leaked phone conversation stirred the ire of UK prime Minister Theresa May.

After meeting with Theresa May last Wednesday, European Commission president Jean-Claude Juncker told German Chancellor Angela Merkel that May was “living in a different galaxy”. Juncker also stated […]

Juncker Redportedly Slams “Constructive” Meeting With UK’s May: “She’s Deluding Herself”

zerohedge.com / by Tyler Durden / May 1, 2017

Having both flexed their rhetorical muscles over the weekend (EU proclaiming their negotiating stance would be “firm” and UK saying the talks would be “confrontational“), it appears behind the scenes of the May-described “constructive” meeting with EU’s Juncker was a disaster.

***

While the UK […]

Emmanuel Clinton Versus Marine LeTrump

zerohedge.com / by Pepe Escobar via The Asia Times / Apr 26, 2017

Here’s the body count in the latest geopolitical earthquake afflicting the West: The Socialist Party in France is dead. The traditional Right is comatose. What used to be the Extreme Left is alive, and still kicking.

Yet what’s supposed to […]

Populism and the Long-Term Debt Cycle

financialsense.com / FS STAFF / 04/25/2017

With the strongly anti-EU candidate in France, Marine Le Pen, losing the first round of elections over the past weekend, global markets have been in rally mode for the past two days as fears over a breakup of the European Union have subsided.

The general belief now is that […]

Is Macron The EU’s Last Best Hope?

zerohedge.com / by Patrick Buchanan via Buchanan.org / Apr 25, 2017 10:42 AM

For the French establishment, Sunday’s presidential election came close to a near-death experience. As the Duke of Wellington said of Waterloo, it was a “damn near-run thing.”

Neither candidate of the two major parties that have ruled France since Charles De […]

Stocks and Precious Metals Charts – Risk On! – One Hundred Days – La Grande Trompe-l’œil

jessescrossroadscafe.blogspot.com / 24 APRIL 2017

“What does love look like? It has the hands to help others. It has the feet to hasten to the poor and needy. It has eyes to see misery and want. It has the ears to hear the sighs and sorrows of men. That is what love looks like.”

[…]