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Europe news (ISIS)
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PostPosted: Sun Sep 18, 2011 8:12 pm    Post subject: Europe news (ISIS)  Reply with quote

European Court Rules Against Irish Abortion Law
Ireland has one of Europe’s most stringent anti-abortion laws, holding that abortion is illegal in every circumstance except where there is a “real and substantial risk” to the mother’s life. But the court, the European Court of Human Rights in Strasbourg, France, said that in practice the Irish government made it impossible for women to get medical advice or abortions in such cases.

The ruling came in the case of a Lithuanian woman who had a rare form of cancer and was living in Ireland. She went to Britain to have an abortion when she found doctors in Ireland unwilling even to tell her if her health was being jeopardized by her pregnancy. After finding Ireland at fault for denying the woman an “effective or accessible procedure” to establish her right to a lawful abortion and thus violating her constitutional rights, the court ordered the Irish government to pay her 15,000 euros, about $20,000.
The ruling will probably force the Irish government, for the first time, to enact legislation setting out how and in what circumstances women with life-threatening conditions can get abortions.

Old thread, several pages


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PostPosted: Thu Dec 08, 2011 12:45 pm    Post subject: Reply with quote

Oil Prices
December  6  2011  Tuesday
There have been so many other temporary emergencies in the world over the past few years that it's easy to overlook a permanent one:
Right now, much of the global economy is weak... and oil is still over $100 a barrel!
A few years ago, when oil prices first hit this level, the news came as an absolute shock. And soon, when gas hit $4 a gallon, the entire national conversation changed.
(It didn't change so much internationally, because, thanks to gas taxes, other countries already charge way more than $4 a gallon for gas, so oil price moves don't have so huge and visible an impact on driving costs).

Market Is Reliving Late Stages of 1930′s Depression
Dec 7, 2011
Don't get too comfortable with the relatively flat markets of 2011, there's a big storm coming our way. This is the view of Robert Prechter, founder and president of Elliott Wave International. In the attached video Prechter compares the current phase of the market to the late stages of the 1929 - 1933 period in U.S. history; a time marked by extreme volatility eventually ending in tears.

"One of the things that happened in 1929 was that a consortium of the biggest banks in the country tried to stop the market from going down," notes Prechter. Those banks failed of course, just as Prechter says they did when the Central Banks tried to prevent the coming financial meltdown in 2008 by offering essentially free credit.

The timing is only different, he says, because "banks these days are much bigger than they were in 1929." In the 20's institutions were reliant on client money to lead their bailout attempts. Today Central Banks have the ability to call on future, often overstated, tax revenues and are unencumbered by anything such as a gold standard when attempting to ward off the human desire to hide under the covers, financially speaking.

Prechter also draws parallels to April of 1930, 1937, and other periods in which relatively brief recoveries dissolved. Pick a tool, any tool, and Prechter says it suggests a stock market going lower. "Patterns, sentiment indicators, or momentum are all saying the same thing: This is a bear market rally."

Euro crisis could hammer airlines
Airlines group expects profits to fall in 2012; steep losses if Europe becomes catastrophe.
DANGER ZONE: Global aviation earnings will likely decline to $3.5 billion in 2012 but those could turn into steep losses exceeding $8.3 billion if the eurozone crisis veers toward catastrophe, the industry's trade group said Wednesday.

FALLING PROFITS: For 2011, the industry says it anticipates that surging oil and fuel prices will clip its profits at $6.9 billion — less than half of its $15.8 billion in 2010 profits.
PROBLEM CONTINENT: For European airlines "the only open question is how deep" the losses will be next year, the association's CEO Tony Tyler told reporters.

Banks Prep for Life After Euro - Countries Study Printing Their Own Notes in Case Monetary Union Unravels

8 December 2011   The Wall Street Journal
Some central banks in Europe have started weighing contingency plans to prepare for the possibility that countries leave the euro zone or the currency union breaks apart entirely, according to people familiar with the matter.
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PostPosted: Thu Dec 08, 2011 7:36 pm    Post subject: Reply with quote

3 years after the collapse of Lehman Brothers, global financial system sliding toward another major crisis.
9/18/11  At stake is the global recovery and future shape of Europe.
Calls are mounting for financial leaders of the world's biggest economies meeting this week to take bold action, not on the scale of the $1 trillion rescue package of March 2009 but something equally important in policy terms.
The challenge for the Group of 20 is to prevent a sovereign debt crisis centered in Greece from turning into a full-blown banking crisis which could engulf other indebted European countries, lead to messy defaults and plunge the region and world back into economic and financial turmoil.

Two factors are driving the crisis -- political discord within Europe over how much support to give indebted euro-zone governments that are implementing tough fiscal austerity programs; and vulnerabilities within the region's financial system, especially in France where banks hold 671.6 billion euros of government debt of high-deficit euro-zone countries.
These factors have fed upon each other in a vicious cycle. Talk among top German officials of Greece defaulting or leaving the euro zone has accelerated investor withdrawal of short-term funding to French banks, raising concerns about bank solvency.

To halt the cycle, the following steps are coming together
* To support growth and ease lending costs, a growing number of central banks worldwide are loosening monetary conditions, an action likely to win the G20's endorsement for countries where inflationary pressures are in check.

The Federal Reserve is expected to lower longer-term interest rates by shifting the balance of its $2.8 trillion securities portfolio away from short-term debt. How aggressively it does this, and whether it also cuts the interest rate paid to banks on their excess reserves held at the Fed, an idea gaining traction in markets, will signal the Fed's degree of concern over the economic slowdown.
The IMF is to nudge countries in this direction and highlight serious dangers ahead.

The Euro Crisis and the Apocalypse
Dec 7, 2011
“A crisis of apocalyptic proportions” is the way Radoslaw Sikorski, Poland’s foreign minister, recently described the economic morass into which the Eurozone is sinking.
Sikorksi may be more accurate than he realizes. The whole world seems to be moving inevitably toward the apocalyptic reality described in Revelation 18:17, where the collapse of “Babylon’s” entire economic system occurs in “one hour."
“Babylon,” in the Bible’s prophetic symbolism, is the world system organized without and even in defiance of God. It is comprised of the interweaving and networking of all the civilizational and national components of the globe’s geopolitical infrastructure.

For the first time in history, a “one hour” crash of the whole is possible. This is because of the increasing irrelevance of borders. Economic boundaries have been demolished through the electronic linkage of the global economy, the multinational marketplace, and regional alliances like the Eurozone.
The European dilemma is showing that such economic arrangements cannot be merely regional in scope. The whole world invests in and trades with them. When they collapse, the global economy slides with them.
And because of the “wired world” it can happen in “one hour."
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PostPosted: Fri Dec 09, 2011 1:59 pm    Post subject: Reply with quote

US bank warns of eurozone breakup 'pandemonium'
Dec. 8, 2011
Citigroup economist and former central banker Willem Buiter warned Thursday that a fully blown breakup of the eurozone could spell a global depression with unemployment of 20 percent and economic pandemonium.
Sketching a stark picture of the stakes facing European leaders as they gather in Brussels to discuss how to save the single currency, Buiter said a breakup would unlikely be planned, orderly or gradual.

Buiter, a former Bank of England policy maker, predicted in a research note that a breakup would be "disruptive, destructive and without any winners."
While arguing that Greece's potential default and euro area exit is manageable, the same events in Italy and Spain would wreak broad economic pain.

"A disorderly sovereign default and (euro area) exit by Italy would bring down much of the European banking sector."
"If Spain and Italy were to exit, there would be a collapse of systemically important financial institutions throughout the European Union and North America and years of global depression."

New euro accord to include 23 countries

New accord on euro will include euro countries plus 6 others

BRUSSELS (AP) - The president of the European Council said that a new intergovernmental treaty meant to save the euro currency will include the 17 eurozone states plus as many as six other European Union countries — but not all 27 EU members.

The failure to get agreement among all the members of the European Union at a summit meeting in Brussels reflected in large part a deep split between France and Germany on the one hand and Britain on the other. France and Germany are the two largest economies in the eurozone; Britain does not use the euro as its currency.

French President Nicolas Sarkozy said early Friday he would have preferred a treaty among all the members of the European Union.
But that could not be achieved, he said, because the British proposed that they be exempted from certain financial regulations.
"We could not accept this" because a lack of sufficient regulation caused the current problems, Sarkozy said. The new intergovernmental accord should be ready by March, he said.

That doubt means that the governments of countries viewed as in a precarious state must pay higher interest to borrow the money they need to carry on — and that, in turn, makes their budget deficits even worse and can be unsustainable in the long run.
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PostPosted: Fri Dec 09, 2011 2:03 pm    Post subject: Reply with quote

Europe deal fractures union, raises stocks

Dec. 9, 2011
23 members of the European Union have agreed to a fiscal compact, intended to create a "genuine 'fiscal stability union' in the euro area" and
will result in "significantly stronger coordination of economic policies in areas of common interest."
All 17 European members who use a common currency agreed to the pact, plus six more (Denmark, Latvia, Lithuania, Poland, Romania and Bulgaria) that hope to use the currency in the future.

Wait, aren't there 27 EU nations? Sweden and the Czech Republic didn't close the door, but Britain and Hungary are not so keen on the idea of ceding power over their national budgets to a centralized European authority, so they are taking pass on the new pact.

Britain seemed to be the least interested in considering the pact. British Prime Minister David Cameron said he could not allow a "treaty within a treaty" that would undermine the U.K.'s position in the single market. Oh, and the City of London (the financial center of the U.K.) wasn't interested in signing up for a pact that would impose a tax on financial transactions.

Unfortunately, Europe is going to stay with us. The leaders now have to write the new rules; come up with more bailout money; and continue to monitor the weak debtor nations and the European banks. And all of this impacts the U.S. in a big way -- here's how:

Banking: If the Euro and European banks melt down, U.S. banks will also feel the pain. U.S. banks have about $1.2 trillion dollars in loan exposure to European banks, not to mention $640 billion in direct exposure to the so-called PIIGS. If Europe implodes, then U.S. banks will freeze up, making it even harder to get a loan for a house, a car or a small business.

U.S. exports: If the European economy tanks, the U.S. could follow suit. Europe buys 22 percent of all U.S. exports and so a recession there would hurt our exporters.

Jobs: If the U.S. economy slows down, there could be another round of job cuts, just at the time where it seemed we were making some incremental progress.

Stocks: Remember the August swoon that occurred after the debt-ceiling debacle? If Europe breaks down, August will seem like walk in the park.

Eurozone banking system on the edge of collapse
Dec. 9, 2011
The eurozone banking system is on the edge of collapse as major lenders begin to run out of the assets they need to keep vital funding lines open.
Senior analysts and traders warned of impending bank failures as a summit intended to solve the European crisis failed to deliver a solution that eased concerns over bank funding.

The European Central Bank admitted it had held meetings about providing emergency funding to the region's struggling banks, however City figures said a "collateral crunch" was looming.
"If anyone thinks things are getting better then they simply don't understand how severe the problems are. I think a major bank could fail within weeks," said one London-based executive at a major global bank.

Many banks, including some French, Italian and Spanish lenders, have already run out of many of the acceptable forms of collateral such as
US Treasuries and other liquid securities used to finance short-term loans and have been forced to resort to
lending out their gold reserves to maintain access to dollar funding.
"The system is creaking. There is a large amount of stress," said Anthony Peters, a strategist at Swissinvest, pointing to soaring interbank lending rates.
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PostPosted: Sun Dec 11, 2011 8:12 pm    Post subject: Reply with quote

More uncertainty seen in wake of EU summit
Dec. 9, 2011   FRANKFURT, Germany (AP)

Europe's debt problem solved?  Not yet.
An agreement by most European Union members to crack down on overspending will help ensure the current debt crisis isn't repeated, and might help heavily indebted governments to slowly regain market confidence.

But the fiscal austerity treaty does little to immediately lower the high borrowing costs threatening countries such as Italy and Spain. And what financial markets really want to know, says Stephen Lewis of Monument Securities in London, is "how eurozone governments and banks will finance themselves over the next three months."

Countries will reduce their deficits to try and convince markets they can pay back their loans. The European Central Bank will help put downward pressure on government borrowing costs by making limited purchases of their bonds. But without a promise of more aggressive action by the ECB, or another institution, to take the threat of government defaults off the table, bond markets will remain panicky.

ECB President Mario Draghi praised the agreement made Friday in Brussels.
But he appears to have rejected for now calls for the bank to make large-scale purchases of European bonds, something financial markets are hoping for.

The debt crisis threatens not only governments, but the banks that lend to them. European commercial banks are holding Italian and Spanish bonds that have plunged in value because of fears of government defaults. As a result, banks have become too nervous to lend to each other. That credit squeeze is being felt globally.

Sarkozy, Draghi winners in EU rift, Cameron loses
Dec. 10, 2011   BRUSSELS
Napoleon dreamed of it, De Gaulle fought for it, but Nicolas Sarkozy may have achieved it -- a Europe of Nations with France in the cockpit and Britain on the sidelines.
The French president emerged as one of the big winners of a European Union summit on Friday which ended with up to
26 member states agreeing to move forward in economic integration around the euro zone, and Britain alone in staying out.

"Of course this is not just a long-standing desire, but a long-standing goal of French politics ... because in the French tradition Britain never really belonged to the European Union, dating back to De Gaulle," said a senior EU official who attended the summit, referring to the French president's veto of British entry in 1963 and again in 1967.

By obstructing the wish of the other EU members to amend the bloc's governing Lisbon treaty to allow closer fiscal union among the 17-nation single currency area, British Prime Minister David Cameron managed to unite Europe against him.

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PostPosted: Mon Apr 07, 2014 5:18 am    Post subject: Reply with quote

The EU has cursed Israel.
Lets watch what happens to the EU economies
Genesis 12:3

EU forbids all cooperation with Israel
July 19, 2013  
EU publishes guidelines barring all funding & cooperation with Israeli entities over pre-67 lines, to take effect at the start of 2014

Europe, Ukraine and gas
April 7, 2014  Gas prices in Europe to rise 50%
Ukraine never paid Russia for gas.

Russian terminals are in Europe.  European companies who plan to supply gas to Ukraine
through such reverse flow should think twice whether such transactions are legal or possible.
The idea of reverse gas flow from Europe to Ukraine raises lots of questions, says Gazprom CEO.
We doubt whether reverse flow from Slovakia to Donetsk, Kharkov or Kiev is possible.
The pipe cant have gas flowing in both directions at the same time,
which questions those who gave Ukraine the right to control Gazprom gas in the Ukraine pipe.

Ukraine owes Russia $11 billion, as Moscow was paying in advance.
Ukraine has been underpaying Russia.
Domestic gas prices in Europe will go up by 50% if it cuts supplies from Russia.
Gazprom talked to Kuwait and Egypt about increasing LNG supplies and hopes to sign a long-term supply deal with China.


Europe has bowed to Islam and cursed Israel, and thereby cursed itself.
Genesis 12

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PostPosted: Sun Apr 27, 2014 6:58 am    Post subject: Reply with quote

RAF fighter jets scrambled
April 24, 2014
Fighter jets were scrambled after two Russian military aircraft were spotted approaching UK airspace north of Scotland.  Royal Air Force Typhoon fighter jets took off from RAF Leuchars in Fife to investigate the Russian planes, which turned away shortly afterwards.
The Russian planes remained in international airspace at all times.
Royal Navy warship HMS Dragon is shadowing a Russian destroyer as it sails past the UK.

Israel marks Holocaust Remembrance Day
April 27, 2014  
Jews on the Edge between Annihilation and Liberation.
Yom HaShoah, Holocaust Remembrance Day.
The commemoration of the 6 million European Jews murdered by the Germans.
Six Holocaust survivors are slated to light torches, each representing one million victims.

Jewish life in Europe unsustainable
554 violent anti-Semitic acts were recorded in 2013 worldwide.
Normative Jewish life in Europe is unsustainable, said European Jewish Congress President Dr. Moshe Kantor.  He cited increasing anti-Semitism and rising  fear and insecurity as factors leading to a European Jewish decline.

1/3 of Jews in several European countries are mulling emigration.
Half of the Jewish population is afraid of being verbally or physically attacked in a public place because they are Jewish, and 25% of Jews will not wear anything that identifies them as Jewish or go near a Jewish institution for fear of an attack.
77% did not bother reporting abuse or harassment.
The worst countries are Hungary, France, Belgium and Sweden.

Evil or Very Mad

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PostPosted: Sat May 24, 2014 12:21 pm    Post subject: Reply with quote

May 24, 2014
 Today, there is a strong political polarization, especially in Holland. Radicals from both sides of the political spectrum have become more extreme, and the middle ground is disappearing. I can't walk a whole day in the street without having at least one person shout the words "dirty Jew" at me, because I am visibly Jewish.

If so, one hates to think what it's like in the high-scoring countries.
The Anti-Defamation League created a stir last week by releasing the results of a global survey of antisemitism, the most comprehensive ever.
These results are considered shocking by many. Actually, for those who bother to keep up with reality, they contain no surprises.

The Middle East and North Africa come out worst, with 74 percent among population groups qualifying as antisemitic according to the poll’s 11-question index. The most antisemitic political entities in the world? The West Bank and Gaza, coming in at 93 percent. (Yes, those same Palestinians with whom Israel is always under pressure to “make peace.”)

The next worst region is Eastern Europe, with 34 percent scoring as antisemites. But not too far behind is Western Europe—the home of multiculturalism, advanced environmental awareness, bevies of human rights NGOs, and so on—at 24 percent.

The West European countries scoring highest for antisemitism were Greece with a whopping 69 percent, France at 37 percent, and Spain at 29 percent. Germany did itself proud by coming in above the West European average at 27 percent—a bit over one-quarter antisemitic seven decades after the Holocaust.
Over the weekend the European Jewish Association (EJA), along with other European Jewish organizations,
held a briefing on the survey in Brussels for EU ambassadors and officials.

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