India-EU News & Analysis

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Arjun
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Re: India-EU News & Analysis

Postby Arjun » 15 Mar 2015 19:32

RSoami wrote:Standing up to Saudi Barbaria is at least one hypocrisy less from a western state as far as human-rights lecturing goes. We sure can do without discussing Sweden`s rape problem here.
Also most of the rapes are committed by the pious RoP guys anyway.

Discussion of Sweden's rape problem (highest rape stats in the world) is surely relevant given the context of current news coverage of India in the EU.

I had myself posted some speculation that Muslim immigration was behind the phenomenal rape figures of this country - but frankly that assertion does not seem to be supported by data. Sweden has the worst rape problem in the world - and it is up to them to convince the rest of the world with the appropriate stats as to why the figures may not be entirely correct or what corrections would be appropriate in order to get to an apples-to-apples comparison.

Krisna, even with the correction for multiple rapes - there is absolutely no way that India stats come anywhere close to the ones for Sweden (or the rest of Northern Europe + US for that matter).

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Re: India-EU News & Analysis

Postby svinayak » 15 Mar 2015 21:02

pankajs wrote:http://in.reuters.com/article/2015/03/15/sweden-saudi-idINKBN0MB0F320150315
After Saudi feud, Sweden debates a "feminist" global role
(Reuters) - In a few months, Sweden's minority government has managed to antagonise both Israel and the Arab world, while also angering business leaders at home as Foreign Minister Margot Wallstrom steadfastly pursues human rights and feminism.

Wallstrom's agenda, and the criticism it has drawn, has exposed a struggle over Sweden's identity and whether it should become what some politicians call a "moral great power", or prioritise security and an export-led economy.

Wallstrom, a former EU commissioner, promised a "feminist" foreign policy when her Social Democrats formed the coalition government last October.

"I won't back down over my statements on women's rights, democracy and that one shouldn't flog bloggers," Wallstrom said, referring to sentencing of Raif Badawi to 1,000 lashes. "I have nothing to be ashamed of."


"This is foreign policy played for a domestic gallery and it gives a strong impression of political mismanagement," said Fredrik Erixon, director of the Brussels-based ECIPE think-tank.


There are many things which are happening in the domestic political area of the western countries.
The western white Male dominant image including of political leaders, business leaders, religious leaders has take a BIG beating. They have lost the moral authority and credibility in the eyes of the majority of the western society. This is a fact which Indians need to understand,

To overcome this vacuum the western white female is on a crusade to get a global topic and moral authority which they can ride on it worldwide. This explains all the funding on the media and women s empowerment, human trafficking and womens rights. This is the only voice they can cling to before they get lost in the global population.

The financial gain in the last 50 years ignoring all these issues was high and now they want to do it in another way.

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Re: India-EU News & Analysis

Postby Tuvaluan » 15 Mar 2015 22:09

I think these EU, US and UK want to start pretending that they are ones who empowered women, unlike all the heathain cultures like India were women are just mistreated horribly and can never become prime ministers or chief ministers or presidents, unlike the US...oh wait, it is these caucasian countries that have kept their women subjugated while the Jayalalithas, mayawatis were running Indian states that are larger and more populated than most countries in the world.

This is just a means to create a narrative and paint the US and UK as the harbingers of all that is civilized and good on the planet. All the rest of us have to do is document all the real ugliness that drips off the walls of the oiseaules in the UK and USA and throw it by the bucketful on their faces in due course. Satyameva Jayate and all that.

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Re: India-EU News & Analysis

Postby RSoami » 16 Mar 2015 00:10

Arjun wrote:
RSoami wrote:Standing up to Saudi Barbaria is at least one hypocrisy less from a western state as far as human-rights lecturing goes. We sure can do without discussing Sweden`s rape problem here.
Also most of the rapes are committed by the pious RoP guys anyway.

Discussion of Sweden's rape problem (highest rape stats in the world) is surely relevant given the context of current news coverage of India in the EU.

I think we started discussing Sweden in this thread because it stood up to Saudi Barbaria`s ridiculous barbaric laws and someone posted link to that news. I still think that is one less hypocrisy by one western state which is welcome.
Anyway suit yourself. I am no swede.

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Re: India-EU News & Analysis

Postby RSoami » 16 Mar 2015 00:15

Is GoI required, under UN agreement to deal with the E-U, similar to the way it would deal with any other U-N recognized state? In practice, it may not be possible to "not" deal with them, but as a matter of policy should GoI continue to deal with them?


As an economic entity, we would have to deal with them. As a political entity we dont need to. In fact few countries care to deal with EU politically and when they do it is only out of politeness.
And that is why it is not important for Modi to visit Germany either. It is more engaged within EU and around Europe politically than on a global scale.

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Re: India-EU News & Analysis

Postby arshyam » 16 Mar 2015 00:15

RSoami wrote:Standing up to Saudi Barbaria is at least one hypocrisy less from a western state as far as human-rights lecturing goes. We sure can do without discussing Sweden`s rape problem here.
...

RSoami wrote:I think we started discussing Sweden in this thread because it stood up to Saudi Barbaria`s ridiculous barbaric laws and someone posted link to that news. I still think that is one less hypocrisy by one western state which is welcome.
Anyway suit yourself. I am no swede.

Not so fast. It won't take long for them to turn their benevolent gaze upon us, and pressure Ikea or <fill in company of your choice> to withdraw or scale down their Indian ops. The Udwin documentary is a ready excuse begging to be used. It is only a matter of time.

If anything, I would argue the Saudi issue is merely a template that is being tested, before using it on us. India is a vastly bigger market, and the Swedes will need some justification to their own people and businesses to use it on us. Now they can use the Saudi issue to point out that they are being fair, and are taking action based on Udwin's ready made documentary. And this action is being taken by a woman, who, in the name of feminism, cannot be questioned in the 'bhest' these days.

(You heard it here first.)

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Re: India-EU News & Analysis

Postby RSoami » 16 Mar 2015 01:08

So this discussion of Sweden`s rape problem as a response to Sweden`s actions in criticising Saudi Arabia must be considered a pre-emptive strike to defend ourselves because eventually they will turn on us. Hmmmm !!

Am I understanding you correctly ?!

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Re: India-EU News & Analysis

Postby arshyam » 16 Mar 2015 01:27

Not a pre-emptive strike, for we are not starting any propaganda. Just be ready with facts at hand, so when the gaze turns on us, we don't get caught unawares, that's all.

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Re: India-EU News & Analysis

Postby panduranghari » 16 Mar 2015 02:35

Arjun wrote:Seriously, what do these Germanics / Nordics smoke :roll:

These Swede 'feminists' suffer the world's highest rape rate at home - and still have the gumption to talk about becoming a 'moral great power' abroad and dream on about a 'feminist' foreign policy???


Watch out. Nordic feminazis are repackaging Indic ideas and selling them off as original feminist ideas. I am encountering a lot of this stuff in economic theories propounded by feminazis from Nordic countries.

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Re: India-EU News & Analysis

Postby panduranghari » 16 Mar 2015 02:47

rgosain wrote:The pan European project is facing a severe existential crisis both in terms of the identity of the European Union, and the more pressing case of the viability of the ECB, the Euro and the currency Union. .


Don't believe all the noise and there is a ton of it right now. The a Euro survives and thrives irrespective of the tectonics within the Eurozone. Nothing short of a coup, state failure or outright default will lead to some risk to euro. No one is leaving Eurozone, on the contrary there are many wanting to join in. Yes there are internal structural and economic imbalances which keeps the political hands full. These politicians are deserving A holes for such shit. The euro is built in such a way that the structural imbalances fall squarely on the nations not on the ECB nor the Euro.

Euro was launched because the 1971 crisis proved US dollar was going to die anyway. It was launched to act like a credible replacement to lubricate global economy. The dollar does that job currently. And it's done very poorly as the structure of the dollar settlement allows imbalances to build up, with no way to normalise them.

Euro is the ONLY global currency that has severed its link to gold and severed its link to a nation state. Think about this last statement. There are severe implications to the understanding.

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Re: India-EU News & Analysis

Postby Cosmo_R » 16 Mar 2015 04:39

"Goldman, which like others has been scrambling to keep up with the euro slide, lowered its forecasts for the euro Friday to $0.95 in 12 months, $0.85 by the end-2016 and $0.80 for the end-2017. The previous forecasts were 1.08, 1.00 and 0.90 respectively. It has predicted that the euro would rise against the dollar until last April."

http://blogs.wsj.com/moneybeat/2015/03/ ... -the-euro/

The Euro closed $1.0496 3/13/2015

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Re: India-EU News & Analysis

Postby chanakyaa » 16 Mar 2015 06:27

panduranghari wrote:
rgosain wrote:The pan European project is facing a severe existential crisis both in terms of the identity of the European Union, and the more pressing case of the viability of the ECB, the Euro and the currency Union. .


Don't believe all the noise and there is a ton of it right now. The a Euro survives and thrives irrespective of the tectonics within the Eurozone. Nothing short of a coup, state failure or outright default will lead to some risk to euro. No one is leaving Eurozone, on the contrary there are many wanting to join in. Yes there are internal structural and economic imbalances which keeps the political hands full. These politicians are deserving A holes for such shit. The euro is built in such a way that the structural imbalances fall squarely on the nations not on the ECB nor the Euro.
...

+100

Forget existential crisis, they are going to rob all the external holders of Euro in strengthening the union and the banking system. After all robbing and pillaging developing nations is what they did best for centuries. All the noise being referred to is psyop, intended to distract drive-by readers of financial press.

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Re: India-EU News & Analysis

Postby svinayak » 16 Mar 2015 10:13

panduranghari wrote:
rgosain wrote:The pan European project is facing a severe existential crisis both in terms of the identity of the European Union, and the more pressing case of the viability of the ECB, the Euro and the currency Union. .


Don't believe all the noise and there is a ton of it right now. The a Euro survives and thrives irrespective of the tectonics within the Eurozone. Nothing short of a coup, state failure or outright default will lead to some risk to euro. No one is leaving Eurozone, on the contrary there are many wanting to join in. Yes there are internal structural and economic imbalances which keeps the political hands full. These politicians are deserving A holes for such shit. The euro is built in such a way that the structural imbalances fall squarely on the nations not on the ECB nor the Euro.

Euro was launched because the 1971 crisis proved US dollar was going to die anyway. It was launched to act like a credible replacement to lubricate global economy. The dollar does that job currently. And it's done very poorly as the structure of the dollar settlement allows imbalances to build up, with no way to normalise them.

Euro is the ONLY global currency that has severed its link to gold and severed its link to a nation state. Think about this last statement. There are severe implications to the understanding.


How many people know that EU was also influenced by India and successful Indian election in 1957

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Re: India-EU News & Analysis

Postby pankajs » 16 Mar 2015 10:24

http://economictimes.indiatimes.com/new ... 577442.cms
EU ups FTA ante with eye on India’s vibrant business climate
BRUSSELS: Geoffrey Van Orden, a British lawmaker who trained at the Ooty military academy, will this week launch a charm offensive in New Delhi on behalf of the 28-nation European Union seeking a bigger role in the world's fastest growing economy and lay the foundation for revival of talks on aFree Trade Agreement.

Although an FTA between the two has been hanging fire since 2007, revival of dialogue would be enough at this point as the two appear to have frozen even talks for various reasons, four people familiar with the relationship said. The pace of India's growing business engagement with the US, Japan and even China, has begun to worry the Brussels administration which fears that the bloc is missing the bus. There is an urgent need for a EU-India summit, last held in 2012, to revive the relationship, the people said preferring anonymity.

"There doesn't seem to be a lot of impetus on either sides,'' Orden, chairman of Delegation for Relations with India told visiting journalists in Brussels recently. "Both sides are to be blamed. We need to be ambitious, but realistic.'' FTA negotiations with EU have been grinding, with both sides accusing the other of not yielding.

While the EU wants tariffs on auto and auto parts to be lower from as high as 130% and free movement of spirits and wine, India is demanding bigger role for its people in services industry which the EU is reluctant to provide. But given the recognition in Brussels about India's potential and the increasing interest from rivals in developing a closer economic relationship with India, there could be a change in its stance.

"We are ready to review all outstanding issues, including in the automobile sector,'' said Roberto Cecutti, Policy Officer for India at the European Commission's Directorate General of Trade. "We are intensifying our efforts to restart the talks."

Trade between India and the EU was at $101.5 billion in fiscal 2015, and it was $57.25 billion between April and October this year, government data shows.

Given the complexities involved in any FTA, and the misunderstanding between the EU and India, the discussions could be a prolonged one. In fact, the EU did not respond to Indian requests for a summit during Prime Minister Narendra Modi's visit to the continent next month.

Although the relationship between the EU and Modi were frosty because of an informal boycott by the EU after the Gujarat riots in 2002, they broke the ice before last year's elections when it was emerging that Modi could be the next Prime Minister.

Modi who is pushing for Make in India appeared to be reluctant on issues such as the duty on automobiles. When the former President of the European Council Herman Von Rompuy raised the issue of auto tariff during their brief meeting in Brisbane last year, Modi apparently was not keen on discussing the issue, said one person familiar with the matter.

India's automobile industry contributes to about 7% of GDP and employs about 7 to 8% of total employment in the organised sector.

"I don't see the free trade agreement happening anytime soon,'' says Rajesh Chakrabarti, Executive Director at the Bharti Institute of Public Policy at ISB."India demands free entry of people that EU is reluctant to give.''

(The author was recently in Brussels at the invitation of EU)
The more we engage US, Japan, China,etc more the others feel the pressure to engage with India. I guess that is the main goal of Modi's FP. Now his upcoming visit to China will trigger another round of concerns in the other world capitals.

We should engage the EU but on our terms. Now that they have passed the opportunity to host Modi the next round of meeting should be scheduled in India wonlee.

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Re: India-EU News & Analysis

Postby JE Menon » 16 Mar 2015 10:41

There is a certain amount of inbuilt inertia, based on a reflected nostalgic arrogance, that taints the perspectives of many Eurostates on India. They love India, so long as it sticks to established perception reinforcing behaviours - cultural exchange, tourism, restaurants, the "curry trade" - so to speak. But if we get into things like agricultural produce, engineering goods, intellectual properties, etc., noses tend to rise rather... Trouble is, the Indians these days are not particularly concerned about it. Times have changed.

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Re: India-EU News & Analysis

Postby Agnimitra » 16 Mar 2015 11:28

JE Menon wrote:Trouble is, the Indians these days are not particularly concerned about it. Times have changed.

JEM ji, I'm sensing this 'indifference' could be good and bad. Fact is that India does need the West in several ways. Effective psy-ops can impact investment ratings. Plus we're a lone democracy in a sea of more-or-less fascist states. Political, economic AND people-to-people cultural ties with the West will be important for India.

The broader discourse in India needs to be able to tell the difference between Westerners who approach India with shared-values, and those who do so to exploit it, fetishize it, or for psy-ops. Right now many are indifferent, or many get confused by it because we admittedly have several problems, or on the other hand some develop an antagonistic attitude towards Westerners in general. Neither is good. India and Indians do need to focus on getting our viewpoints across into drawing rooms in several countries, including Wstern countries. And also building alliances with certain lobbies and sections of society within Western society. Indian discourse needs to become more refined in being able to distinguish various shades and influences within Western societies. As more Indians live and work in the West for a stint here and there, that familiarity will grow.

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Re: India-EU News & Analysis

Postby A_Gupta » 16 Mar 2015 17:04

http://www.thehindu.com/news/national/m ... 996348.ece

Upset by what the government perceives as a snub from the European Union, India has called off plans for Prime Minister Narendra Modi’s travel to Brussels during his visit to Europe and Canada next month.

The incident could set off a bigger row as the decision comes just as a high-level delegation of EU parliamentarians, including two senior most members of the European Parliament in charge of relations with India, Mr. Geoffrey Van Orden, and Ms. Neena Gill, are in India for official meetings and to address trade ties that have been lagging in the past year.

Officials confirmed that the Ministry of External Affairs had informed the EU, headquartered in Brussels, some weeks ago that the Prime Minister would be travelling to Hannover in Germany and later to France in April, and suggested holding the EU-India summit during the visit.

However, after receiving no reply from the EU for a month, the MEA has decided to continue with the plans without Brussels on the Prime Minister’s agenda. He will now continue from Europe to Canada for the second leg of his eight-day tour.


The incident has taken on a more political tone as reports suggest that the EU’s unusual behaviour reflects anger over the treatment of the two Italian marines charged with the killing of Indian fishermen off the coast of Kerala. In a very strong resolution, led by EU Foreign Affairs High Representative Federica Mogherini in January 2015, the European Parliament had accused India of a “serious breach of human rights”, demanding that both marines, one of whom is convalescing in Italy, be repatriated. The resolution was rejected by India.

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Re: India-EU News & Analysis

Postby panduranghari » 16 Mar 2015 18:21

svinayak wrote:How many people know that EU was also influenced by India and successful Indian election in 1957


I most certainly did not know. Have you got a link or something to read that you could recommend?

My understanding is this- Euro was launched by BIS- Central bank of central banks. Their aims were 2 fold;
1. Destroy USSR and thus the threat to global security. Its claimed that they achieved this by lending a lot of the USSR and then recalling the loans quickly which decimated USSR. Hence, the fire sales of its big industries.
2. Remove USD as a global currency as it is built up on the foundations which lead to colonialism.

The Rome accord of 1957 started the ball rolling.

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Re: India-EU News & Analysis

Postby panduranghari » 16 Mar 2015 18:24

udaym wrote:+100

Forget existential crisis, they are going to rob all the external holders of Euro in strengthening the union and the banking system. After all robbing and pillaging developing nations is what they did best for centuries. All the noise being referred to is psyop, intended to distract drive-by readers of financial press.


Quite.

Euro has now achieved parity with dollar. I speculate that they will devalue against Dollar even more. It will probably be a ONE time devaluation say to the tune of 20%. USD wont be able to take it. All the external dollars will flood into USA.

link

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Re: India-EU News & Analysis

Postby A_Gupta » 17 Mar 2015 01:01

http://www.telegraphindia.com/1150317/j ... Qc67aOnd74
New Delhi, March 16: The upcoming trade talks with the European Union later this week may turn problematic over the opening up of the country's automobile and wine markets.

The EU wants India to reduce import duties on automobiles, wines and spirits in return for access to Indian garments.

The Europeans also want New Delhi to open up its financial sector in exchange of more liberal terms for its infotech and knowledge processing companies.

Indian negotiators say the European Union wishes to "extract too many concessions in return for too little".

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Re: India-EU News & Analysis

Postby member_23370 » 17 Mar 2015 02:45

Can these be chai biscuit sessions like pakis. I don't see India EU FTA being signed anytime soon.

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Re: India-EU News & Analysis

Postby Shreeman » 17 Mar 2015 04:20

A_Gupta wrote:http://www.telegraphindia.com/1150317/jsp/business/story_9098.jsp#.VQc67aOnd74
New Delhi, March 16: The upcoming trade talks with the European Union later this week may turn problematic over the opening up of the country's automobile and wine markets.

The EU wants India to reduce import duties on automobiles, wines and spirits in return for access to Indian garments.

The Europeans also want New Delhi to open up its financial sector in exchange of more liberal terms for its infotech and knowledge processing companies.

Indian negotiators say the European Union wishes to "extract too many concessions in return for too little".


Just ask them to label all wine that uses animal/beef by-broducts or lard in the making in any way. even if the equipment/facilities/processing plants use something. require certification at manufacturers cost. this is no different than kosher labeling. see the cat run amock among the mice.

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Re: India-EU News & Analysis

Postby Philip » 18 Mar 2015 09:41

http://www.theguardian.com/world/2015/m ... sias-hands
Deadlock over Greek debt crisis could play into Russia's hands
As Alexis Tsipras courts both Angela Merkel and Vladimir Putin, diplomats fear the country’s economic woes are spiralling into a potential geopolitical threat

Alexis Tsipras meets Victoria Nuland in Athens. Photograph: Orestis Panagiotou/EPA

Helena Smith in Athens
Tuesday 17 March 2015

Greece’s battle to stay solvent and in the eurozone is becoming a game of dangerous brinkmanship. Beyond the war of words between Athens and Berlin, the dark arts of diplomacy are also being played.

On Tuesday, only hours after Greece’s leftist-led government announced that the prime minister, Alexis Tsipras, had accepted an offer by the German chancellor, Angela Merkel, to visit Berlin, it was revealed that he would also be making a similar tour to Moscow. “The prime minister will visit the Kremlin on 8 April after being invited by the Russian president, Vladimir Putin,” his office said.

Before the sun had set over the Acropolis, the top US diplomat Victoria Nuland had waded in, holding talks with Greece’s foreign minister, Nikos Kotzias, in Athens.

Nuland, who is assistant secretary of state for European and Eurasian affairs, flew into the capital amid mounting US concerns that the great euro debt crisis has begun to pose a geopolitical threat. Allowed to veer out of control, Greece could end up in the ambit of Russia, financially bereft and without the EU links that keep it bounded to the west. Nato’s south-eastern flank would be immeasurably weakened at a time of mounting global security worries over Islamic fundamentalists in the Middle East.

Under Tsipras’s steely leadership, the country has worked hard to stoke such fears. Exploiting his far-left Syriza party’s traditionally good ties with Moscow, the young leader has allowed his ministers to suggest openly that they would turn to Moscow as a strategic protector in the event of Athens being ejected from the 19-nation currency bloc. Russia, in turn, has said it would happily consider a Greek request for aid – despite its own financial woes – should its fellow Orthodox state ask.
German finance minister accuses Athens of destroying trust

“We want a deal with creditors,” asserted Panos Kammenos, the rightwing nationalist who leads the ruling coalition’s small Independent Greeks party. “But if there is no deal, and if we see that Germany remains rigid and wants to blow Europe apart, then we will have to go to plan B.”

As negotiations with Brussels and Berlin have become ever more tortuous, Kotzias has increasingly played up Athens’ geostrategic role. Creditors, he recently warned, would cut off Greece at their peril. “There will be millions of immigrants and thousands of jihadis flocking to Europe if the Greek economy collapses,” he told EU counterparts 10 days ago. “There is no stability in the western Balkans and then we have problems in Ukraine, Syria, Iraq and north Africa.”

Seasoned euro crisis watchers fear that in his bid to extract concessions over the country’s monumental debt, Tsipras is overplaying his hand.

Almost six years into the crisis, patience with Greece among voters in Europe’s northern climes – and especially in Germany, the biggest contributor to the €240bn bailout programme propping up the Greek economy – is wearing thin. Tsipras’s desire to find a political solution when he meets Merkel next week – one that would focus less on figures than reforms – already smacks of evasion for austerity hawks who believe fiscal rectitude is the only way forward for Europe’s most indebted state.

Fears of Greek isolation were highlighted on Tuesday when the chairman of the euro group of finance ministers warned that capital controls, or even a Cyprus-style bailin of banks, was not beyond the realms of probability if progress was not made. Unable to tap international markets, the cash-strapped Greek state has reached breaking point.
Alexis Tsipras invited to Berlin as Yanis Varoufakis denies giving Germany the finger

Amid the shrillness and shouting, Washington worries Europe may be losing the wood for the trees. Diplomats hate unpredictability. But against a backdrop of growing speculation over Athens’ ability to remain in the euro, there are rising fears that Moscow has identified Greece as a potential Trojan horse.

“Russia has a great interest in seeing the Greek crisis turn for the worse,” said Dimitris Keridis, a professor of political science at Athens’ Panteion University. “It is very supportive of the drachma lobby precisely because a Greek exit from the euro [Grexit] would hurt the eurozone, weaken Europe and de-link Greece from the west. Russia does not want a united, strong Europe because it sees it as a potential geopolitical threat.”


US diplomats fear that the hard line creditors are taking could backfire. Too much attention, they say, is being paid to the pressure of bailout concerns at the expense of geopolitical power and the influence that Greece exerts at the crossroads of east and west. Regionally, few places are as important as the southern island of Crete, home to facilities that provide command control and logistics support to US and Nato operating forces.

If Athens were to turn its back on the west, Turkey could be next. “Greece is much more important than people think,” the former US ambassador to Greece, Daniel Speckhard, told a recent edition of Fortune magazine. “The conventional wisdom is now that we can allow a Grexit and just cauterise the wound, but it’s not that simple.”


A Greek exit from the EU could snowball into Greece's commitment's to NATO. It would be prudent for the US to resolve its issues with Russia,cut loose from the UKR imbroglio,defuse tensions in Europe and get Russia into the anti-ISIS coalition,working together with UN sanction in the MEast for the use of armed force against ISIS,as was done with Saddam by Bush sr. when Saddam invaded Kuwait. Stoking up tensions in E.Europe in the east,along with the Greek-EU crisis in the south,is too much for the eco beleaguered and war weary EU to handle.German intransigence to the Greeks has only reopened the old wounds of WW2 and anti-German feelings are growing rapidly in Greece.

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Re: India-EU News & Analysis

Postby Philip » 18 Mar 2015 19:14

"It is the age of Austerity,Austerity,Austerityyyyyyy,Austerityyyyyy!!!"
(to be sung to the tune ,"Age of Aquarius")

http://www.telegraph.co.uk/news/worldne ... opens.html
Rioters in Frankfurt set cars on fire as new European Central Bank HQ opens

German police use water cannon and tear gas against stone-throwing 'Blockupy' protesters ahead of opening of €1.3bn ECB offices.

By Justin Huggler, Berlin
18 Mar 2015
There were riots in the German city of Frankfurt on Wednesday morning as protests against the official opening ceremony of the new European Central Bank (ECB) headquarters turned violent.

Police used water cannon and tear gas against stone-throwing protesters, and several cars were set on fire.
At least one police officer was injured, and the Frankfurt fire department said its crews had come under attack.

"Our firefighters are being attacked. Please stop doing that!" it said in a tweet.
Some 10,000 protesters were expected to take part in a rally called by Blockupy, an alliance of leftist groups partly modelled on the Occupy movement.

German police cars set on fire by anti-capitalist protesters burn near the European Central Bank (Reuters)

Organisers said they wanted peaceful demonstrations, but the atmosphere quickly turned violent, and around 350 protesters had been arrested by midmorning.

The ECB was set to open its new headquarters, a 600-feet tall glass skyscraper built at a cost of €1.3bn (£940m) in a ceremony on Wednesday.

The building has been in use for some time ahead of the official ceremony.

The opening had already been scaled back in reaction to the planned protests, with just 20 guests invited to a modest ceremony "appropriate" for a time of economic crisis, according to the ECB.

Riot police clash with protesters dressed as clowns (Reuters)

The Blockupy movement includes Greece's governing Syriza party, as well as the German opposition Left Party and one of Germany's biggest trade unions.

An anti-capitalist protester dressed as a clown shouts behind policemen (Reuters)

Much of the protesters' anger appeared to focus on the ECB's role as a member of the troika overseeing debt relief for Greece.

"Our protest is against the ECB, as a member of the troika, that, despite the fact that it is not democratically elected, hinders the work of the Greek government," one of the protesters' organisers said. "We want the austerity politics to end.
We want a loud but peaceful protest."

There were reports of peaceful protest in some areas of downtown Frankfurt, but they were overshadowed by the violence taking place elsewhere in the city centre.

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Re: India-EU News & Analysis

Postby Neshant » 18 Mar 2015 20:12

If Greece was an African country, they would be under NATO naval blockade and starving to death by now for refusing to pay debts.

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Re: India-EU News & Analysis

Postby A_Gupta » 22 Mar 2015 19:59

1. In the Strategic Issues & International Relations Forum, we have threads on Islam & Buddhism among others, I do not find a thread on Christianity.

2. There is a thread on political Christianity, hidden away in the General Discussion Forum.

3. The two countries where Judaism has the most influence are Israel and the US, and discussions on political Judaism find a home in one or other of the Israel or US threads (and I know how criticism of Judaism is received :) )

4. All this suggests that to the people on BRF, Christianity is an even more touchy subject. IMO, this is ignoring the camel in the tent. The force with even more power than Islam to change India and India's environs is Christianity, and it deserves a thread of its own in the Strategic Issues & International Relations Forum; where the whether for better or worse can be discussed.

In the meantime, this about the Vatican, I'm posting in the EU forum, though the Vatican is a "microstate" affiliated with the EU, and not a proper member.

From the NYT review of books, a review of ‘God’s Bankers,’ by Gerald Posner includes the following:
http://www.nytimes.com/2015/03/22/books ... osner.html

“God’s Bankers” provides an exhaustive history of financial machinations at the center of the church in Rome, from the final decades of the 19th century down to Pope Francis’ sincere but as yet inconclusive efforts to reform the church’s labyrinthine bureaucracy (the Curia) and the Vatican Bank (named Istituto per le Opere di Religione, or Institute for the Works of Religion, also known as the I.O.R.).

....
....
Beginning with ­Bernardino Nogara, appointed by Pius XI in 1929, the church also empowered a series of often shady financial advisers to engage in financial wheeling and dealing around the globe. “So long as the balance sheets showed surpluses,” Posner writes, “Pius and his chief advisers were pleased.” That pattern would continue through the rest of the 20th century.

Posner does an impressive job of ­explaining how Nogara guided the church through the economic minefields of the Depression, World War II and the immediate postwar years using a combination of shrewdly diversified investments and morally suspect (and to this day still murky) financial deals. (Pope Pius XII founded the Vatican Bank in 1942 at ­Nogara’s suggestion.)

From there Posner weaves an extraordinarily intricate tale of intrigue, ­corruption and organized criminality — much of it familiar to journalists who cover the ­Vatican, though not widely known among more casual church watchers — from Pius XII down to Benedict XVI. These were years when the Vatican moved beyond the last vestiges of feudal restraint to become “a savvy international holding company with its own central bank” and a “maze of offshore holding companies” that were used as sprawling money-laundering ­operations for the Mafia and lucrative slush funds for Italian politicians.


The cumulative effect of Posner’s detective work is an acute sensation of disgust — along with a mix of admiration for and skepticism about Pope Francis’ efforts to reform the Vatican Bank and its curial enablers. Pope Benedict, too, ­attempted to bring the bank into conformity with the European Union’s stringent money-­laundering and transparency statutes. But the effort failed.


So far, Francis is proving to be a far more effective institutional reformer, with an aggressive, hands-on approach that seems to be yielding positive results. The question is whether it will make a real, lasting difference. Posner, ending on a hopeful note, seems to think it might. One wonders whether he would have been wiser to conclude by recalling the cynical motto that’s been heard to echo through the halls of the Vatican bureaucracy down through the centuries: Popes come and go, but the Curia goes on forever.

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Re: India-EU News & Analysis

Postby A_Gupta » 23 Mar 2015 17:02

http://timesofindia.indiatimes.com/arti ... 660743.cms
NEW DELHI: Exports of dairy products from India are set to fall, with the European Union abolishing its three-decade-old milk quota system from April 1.

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Re: India-EU News & Analysis

Postby A_Gupta » 25 Mar 2015 16:31


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Re: India-EU News & Analysis

Postby A_Gupta » 01 Apr 2015 02:34

http://www.hellenicshippingnews.com/eu- ... n-beaches/
EU to ban owners from scrapping ships on South Asian beaches
Of 1,026 ocean-going ships recycled in 2014, 641 were taken apart on beaches in India, Bangladesh and Pakistan, according to figures from the NGO Shipbreaking Platform, which campaigns for an end to the hazardous practice.
....
There is also a human cost: the Tata Institute of Social Sciences in Mumbai estimates that some 470 workers have died in the past 20 years in accidents in Alang-Sosiya, the world’s largest stretch of ship-breaking beaches, in Gujarat. Some 35,000 mostly migrant and unskilled workers operate there.

...
The new rules aim to stop what Karmenu Vella, European Commissioner for the Environment and Maritime Affairs, called “the shameful practice of European ships being dismantled on beaches”.

They will require that EU-registered ships be recycled only at sustainable facilities, and a list of these is expected to be published next year. It is likely to include yards in China, Turkey, North America and the European Union, but not South Asia.

“The European list will split the market into a safe market and a substandard market,” said Patrizia Heidegger of Shipbreaking Platform.

It will be the first large-scale implementation of the International Maritime Organisation’s 2009 Hong Kong convention on ship recycling, which until now has only been ratified by three countries — Congo Republic, France and Norway.

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Re: India-EU News & Analysis

Postby ramana » 19 Apr 2015 04:30

Currently Italy is facing a migrant crisis with sea borne migrants from North Africa making he perilous journey and Italy is the prime destination.

Recently about 20 Muslim migrants were arrested for drowning 20 other Christians at sea due o religious differences.

All this started with attack on Libya to remove Ghadaffi.

The odd thing is Italian PM was in US and making noises about terrorism as his biggest concern when he doesn't have funds to take care of economic migrants coming from North Africa. He is asking for money from EU!

Overthrow of Gaddafi was a US action.

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Re: India-EU News & Analysis

Postby Philip » 20 Apr 2015 11:54

IMF crooks! With an IMF head found to be a scumbag sh*t ,no better than any branch of the mafia ,what confidence will the comity of nations have in these Western financial institutions run by thieves?

http://www.telegraph.co.uk/news/worldne ... rtune.html
Former IMF boss Rodrigo Rato accused of concealing 27 million euro fortune
Rodrigo Rato accused of concealing funds through front firms in relative’s names

By James Badcock, Madrid
19 Apr 2015

Rodrigo Rato, the former minister and IMF managing director who was briefly placed under arrest last Thursday, is reported to have amassed a personal fortune of at least €27 million (£19.5 million), including dozens of companies and a 44 per cent share of a luxury hotel in Berlin.

Mr Rato, who was economy minister in Spain’s Popular Party (PP) governments between 1996 and 2004 before a three-year stint as IMF chief, is being investigated on suspicion of concealing his wealth and tax evasion.

According to information leaked to the Spanish media by court sources, Mr Rato used a web of companies and over 70 bank accounts.


The systems were created to avoid paying tax and having funds embargoed as a result of his implication in separate criminal cases, related to his time as director at Bankia, the bank of which he was director for two years until it had to be nationalised. It was eventually bailed out in 2012, to the tune of €22 billion.

The judge overseeing the investigation, Enrique de la Hoz, has ordered the freezing of up to 78 bank accounts in Mr Rato’s name.

The newspaper El Mundo cites tax agency reports in the possession of investigators which point to unpaid taxes of over €5 million resulting from the activities of 27 companies in Mr Rato’s name, or registered as being owned by members of his family. Another 13 companies are said to be registered under the names of the former minister’s lawyer, financial adviser and personal secretary.

Prime Minister Mariano Rajoy has admitted that the allegations “especially affect” the PP as Mr Rato was “one of the party’s greatest assets”. Mr Rato gave up his party membership last year.

Bankia has been forced to pay an €800-million liability bond imposed by a judge investigating the allegedly fraudulent flotation of the bank, whose shares were eventually declared to be worthless. Bankia is now demanding that Mr Rato pay back his €133-million share of that bond.

Mr Rato was released from prison seven hours after being arrested in Madrid on Thursday evening, but searches of his property continued the following day. Earlier last week, it was revealed that Mr Rato had benefitted from the Rajoy government’s 2012 tax amnesty.

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Re: India-EU News & Analysis

Postby pankajs » 24 Apr 2015 22:15

Latust word of Indo-German fraandship (Jeez they had to go with the cursed)
ANI ‏@ANI_news 2h2 hours ago

Delhi: Salman Khurshid acts in a music album ‘Kal Ho Na Ho’ launched by the German Embassy



Published on 24 Apr 2015

Traditional diplomacy was about government-to-government relations. Modern diplomacy is more about people-to-people relations. And culture is central here.

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Re: India-EU News & Analysis

Postby deejay » 24 Apr 2015 22:27

pankajs wrote:Latust word of Indo-German fraandship (Jeez they had to go with the cursed)
ANI ‏@ANI_news 2h2 hours ago

Delhi: Salman Khurshid acts in a music album ‘Kal Ho Na Ho’ launched by the German Embassy


... (Snipped Video)
Published on 24 Apr 2015

Traditional diplomacy was about government-to-government relations. Modern diplomacy is more about people-to-people relations. And culture is central here.


:D Nice attempt. But then SalMan's da Man. :mrgreen: Madhu Aunty was there too.

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Re: India-EU News & Analysis

Postby Philip » 01 May 2015 17:06

Greek on the verge of an exit or default.Why is the Greek govt. called "Leftist",as if it was some kind of virulent disease? Will the Brit sh*ts call their own govt. "Rightist" everytime?

http://www.telegraph.co.uk/finance/econ ... lines.html
Defiant Greeks draw battle lines as Grexit crisis deepens
Athens Leftist government risks "unprecedented economic contraction" as it insists it will not cross red lines over economic reforms
Red paint covers the entrance to European Union offices in Athens
Economists have warned that a looming "Grexit" would plunge Greece into an "unprecedented contraction"

By Mehreen Khan
01 May 2015

The Greek government reaffirmed its commitment to carry out key Leftist electoral promises in a stance which threatens to scupper any hope that it can avert the "unprecedented" consequences of an exit from the eurozone.

With talks over the country's cash-for-reforms programme continuing in Brussels on Thursday, Athens' radical Left government said it was still not willing to blink over spending plans to help the poorest in society.

A Syriza source said the government did "not have a public mandate to bring a deal outside the red lines, and for this reason it will not do so."

The spokesman added Greece would not submit to any agreement which would prolong the "crimes" of austerity against the country.

The comments indicate the sticking points between the two sides remain as entrenched as ever, despite Athens falling close to the abyss of a default to its international creditors.

Lenders are continuing to demand the new government carry out measures to raise VAT for Greek islands, reverse it pledges to raise the minimum wage, and begin a series of privatisations of the country's energy and transport grids.

• Greece's grand plan: default and stay in the euro
• What happens if Greece defaults to the IMF?

But with government forced to choose between paying its public sector salaries and pensions, over the Troika, economists have warned that a looming "Grexit" would plunge the economy into an "unprecedented contraction".

"With the country left outside markets, sharp currency devaluation, a credit crunch, and a forced tighter fiscal stance, the Greek economy would suffer a GDP contraction of unprecedented magnitude, even by Greek standards," warned Ruben Segura-Cayuela, Europe economist at Bank of America Merrill Lynch.

Greece has already suffered the sharpest recession in the developed world since the Great Depression, undergoing a near 25pc reduction in output since 2008.

In an ominous harbinger for what lies ahead, elderly Greeks struggled to get access to their pensions on Thursday, as Athens local authority was hit by a "technical glitch" in making its monthly obligations.

Mr Segura-Cayuela added that a forced exit would inflict a further blow to the stricken debtor, equating Greece's plight to Argentina, which contracted 11pc after it defaulted and abandoned its currency peg with the dollar in 2000.

Fears Greece will break the sanctity of monetary union have become widespread among its lenders. An internal memo from the International Monetary Fund cautioned that a Grexit would lead to rampant inflation in the country.

Despite hope that a refreshed negotiating team was getting closer to securing a release of funds, the man put in charge of Syriza's bail-out talks said his government was only willing to compromise at the margins of its Leftist promises.

"When you have a political plan, you can find solutions and make some compromises," said Euclid Tsakalotos, insisting the government would not cross the "red lines" it has laid down in talks.

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Re: India-EU News & Analysis

Postby Philip » 02 May 2015 12:09

"What is history but a fable agreed upon?"....Napoleon

From time immemorial,victors in wars have universally enjoyed the "spoils of victory",plundering,pillaging,and also raping their victims. It is a dark side of human nature. However,in recent times,we're seeing a deliberate attempt as a new Cold War dawns upon us,especially by the West,to demonise and denigrate Russia and its pres.Vlad Putin.The BBC's latest documentary on the "rape of Berlin',the ordeal of German women in the aftermath of its fall, is deliberately timed to coincide with Russian celebrations of May Day and Victory Day in a few days time.
Will the BBC also produce similar documentaries on the atrocities of the British Empire across the globe and the similar atrocious behavior of Allied soldiers in WW2? In the eastern theatre,US soldiers cut off the ears of the Japanese and even scalped them! All sides committed horrendous atrocities and we're still seeing them today in the MEast,Iraq and Abu Ghraib and now ISIS.Here is jut the tip of the iceberg about Brit rapes.

Wik
In Germany, although far from the scale of those committed by the Red Army, rapes of local women were also committed by British and Canadian troops. Even elderly women were targeted. Though the Royal Military Police tended to turn a blind eye towards abuse of German prisoners and civilians, rape was a major issue for them. Some officers, however, treated the behaviour of their men with leniency. Many rapes were committed under the effects of alcohol or post-traumatic stress, but there were cases of premeditated attacks, like the assault on three German women in the town of Neustadt am Rübemberge or the attempted gang-rape of two local girls at gunpoint in the village of Oyle, near Nienburg, which ended in the death of one of the women when, whether intentionally or not, one of the soldiers discharged his gun, hitting her in the neck.[70] There were also reports of "sexual assault and indecency" committed by British soldiers against children in Belgium and the Netherlands, when a number of men were convicted of these crimes while fraternizing with Dutch and Belgian families during the winter of 1944-45.[70] On a single day in mid-April 1945, three women in Neustadt were raped by British soldiers. A senior British Army chaplain following the troops reported that there was a 'good deal of rape going on'. He then added that "those who suffer [rape] have probably deserved it.' In the summer of 1945, two drunken British soldiers stormed into a farmhouse in Klagenfurt with a drawn revolver when there were just two women present. The older of the two women was forced to go upstairs while the other, an 18-year-old girl, was raped by one of the soldiers.[69]


http://www.telegraph.co.uk/culture/tvan ... erlin.html
The truth behind The Rape of Berlin

As Europe was being liberated from Fascism at the end of World War II, what has been referred to as one of the most infamous incidents of mass rape in modern history was underway. For the BBC World Service, Lucy Ash investigates a story that has slipped under the official radar .

German prisoners of war in Berlin in early 1945
Two remarkably candid diaries from spring 1945 help to shed some light on what really happened.

The first is by Vladimir Gelfand who was a Jewish lieutenant from central Ukraine. His son, Vitaly, found the diary when he was clearing out his father’s papers after he died.

“Dad had seen such horrors on his way to Berlin”, he told me. “He went through so many villages in which the Nazis had killed everyone, even small children. And he saw evidence of rape.”

As the Red Army advanced into what the Soviet press called ‘the lair of the fascist beast’, posters drummed home the message: ‘Soldier: You are now on German soil. The hour of revenge has struck!’

One of the most revealing passages in Lieutenant Gelfand’s diary is when he came across a group of German women fleeing on the outskirts of Berlin.

“With horror on their faces”, he writes, “they told me what had happened on the first night of the Red Army’s arrival. ‘They poked here’, explained the German girl, lifting up her skirt. ‘No less than twenty men,’ she burst into tears.

‘Stay here,’ the girl suddenly threw herself at me, ‘sleep with me! You can do whatever you want with me, but only you!’”

Vladimir Gelfand saw first-hand the horrors of the mass rape
Gelfand’s description of the traumatised girl and her desperate attempt to fend off further gang rapes is echoed in another remarkable diary, written by a German journalist in her early thirties.

Called ‘A Woman in Berlin’, it later became a bestseller – although for decades nobody knew the author’s name. She started writing on April 20th 1945, just 10 days before Hitler’s suicide.
The anonymous woman in the diary constantly questions her own assumptions and those of the people around her.

As she and her neighbours are hiding in the basement of their apartment block, they joke “better a Russky on top than a Yank overhead” – rape is preferable to being pulverised by bombs. When the soldiers reach the basement and try to haul the women out she uses her Russian language skills to dissuade them – but minutes later she is ambushed and brutally raped.

Eventually the diarist realises that she needs to find one ‘wolf’ to stave off gang rape by the ‘male beasts’. She shares her bed with a senior officer from Leningrad with whom she discusses literature and the meaning of life.

“By no means could it be said that the major is raping me”, she writes. “Am I doing it for bacon, butter, sugar, candles, canned meat? To some extent I’m sure I am. In addition I like the major and the less he wants from me as a man, the more I like him as a person.”

When the diary was first published in 1959, her frank account of the choices she made to survive was attacked for ‘besmirching the honour’ of German women.

New research on sexual violence committed by all the Allied forces – American, British and French as well as Soviet troops – is still emerging. But the rapes, once the stuff of water pump conversations in the aftermath of liberation, slid under the official radar – few reported it and even fewer would listen
.

Besides the social stigma, in East Germany it was sacrilegious to criticise Soviet ‘heroes’ who had defeated Fascism, while across the Wall in the West, the guilt for Nazi crimes made German suffering untouchable.

But in 2008, there was a movie adaptation of the Berlin woman’s diary called Anonyma. The film had a cathartic effect in Germany and encouraged many women to come forward, including Ingeborg Bullert.

Ingeborg, aged 90, now lives in Hamburg. When the Soviet assault on Berlin began, Ingeborg – like the woman diarist – took refuge in the cellar of her building, but was raped at gunpoint by two Russians after she went upstairs to find a piece of string to use as a wick.

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Re: India-EU News & Analysis

Postby panduranghari » 02 May 2015 13:10

Europe wants to regain its primacy.



This Video.

Then,
http://www.amazon.com/Tower-Basel-Shado ... 1610393813

http://www.zerohedge.com/news/2015-05-0 ... afekeeping

And this

http://www.usagold.com/goldtrail/archives/another4.html
5/5/98 ANOTHER (THOUGHTS!)

[USAGOLD questions in italics]

Mr. Kosares,

A few thoughts for you, as the questions are asked?

** It seems that both you and your friend believe that the world is splitting up into currency/trading blocks -- much as the world did for both World Wars. There has been much discussion around the world about the imposition of a NEW WORLD ORDER and international one world government. Simultaneously, we see another, opposing force at work -- regionalism, nationalism, even tribalism. What do you make of this? Is the Euro a child of the forces of the New World Order, or the forces of regionalism/nationalism/tribalism? **

Sir,

I would say, "Old World Order" to return. To understand/explain better: " A very easy way to view this "order", would be to simply say that the American Experience is reaching the end! As we know, world war two left Europe and the world economy destroyed. Many thinkers of that period thought that the world was about to enter a decades long depression as it worked to rebuild real assets lost in the conflict. It was this war that so impacted the idea of looking positively toward the future. The past ideals of building solid, enduring, long term wealth were lost in the conception of a whole generation possibly doing without! In these fertile grounds people escaped reality with the New Idea of long term debt, being held as a money asset. Yes, here was born the American Experience that comes to maturity today.

New world order, regionalism and tribalism are but modern phases that denote "group retreat to avoid paying up". The worldwide currency system is truly a reflection of an economy built from war, using the American Experience, the US$ and the debt that it represents. But, for the American dollar to continue as the representative of the global financial system, in the form of being the reserve currency, maturing generations of all countries must accept it, and the tax on real production it clearly imposes! In the very same mind set, that people buy the best value for the lowest price (Japan cars in the late 70s), and leave an established producer to die, so will they escape the American currency and accept any competitor that offers a better deal. Because we are speaking of currencies here, the transition will be brutal!

As you ponder these thoughts, consider that; all economies today are truly equal in production as the exchange rates are the manufactures of profit!"

** Is Europe (led behind the scenes by the BIS) an opponent to the United States?**

Sir, Yes, but not in the ways of war, as it is in the feelings of "pride" and "we go our own way". The downfall of the Russia, did allow for the Euro and all that it will build. They now see the debt of the US$, as a reserve money can be escaped! As even the US citizen will leave it's own workers to die as products are purchased "overseas", how much less will the world also flee the dollar! Opponents? No, I would say they are learners of the "American Way" as they embrace the "American Idea" of a "free world market economy".

*** If so which countries are in which camp? Your associate seems to feel that Asia is split between the United States which has Japan as an ally, and Europe which has China as an ally ( a notion I found particularly intriguing). Where is Britain in this? Japan? And most importantly, the Gulf States, particularly Saudi Arabia? **

Sir, I feel he is correct in this thought. Europe does grasp for a relationship with Asia as the US did have with the Japan. It would build a mighty economy on a foundation of oil and gold as backing for new money. As China and Arabia was once a part of the Europe economy, in a small way. They may now return with no fear of Russia. Britain? A lost nation. Japan? This one is "of the American Economy" and is to live and die by it! They will seek your Alaska oil before loss of face with gold. A dead Yen be a dead Japan.

**Along these lines, I too believe that currency movements will flow through Europe because the Euro currency will be gold backed. Where does that leave Japan with over $200 billion in dollar reserves, let alone its massive U.S. Treasuries' holding? **

Perhaps, they be like Korea? Rich in paper until the world says, "this paper, it is not good"!

***Your associate says that BIS helped China increase its gold holdings. Please tell me what the source of that information is, or is it simply a speculation on his part. ***

The BIS is the gold broker for all interbank sales/purchases. Bullion Banks are for sales to other entities. I think, at first, China was leverage against the oil producers. Then Arabia was allowed into BIS for Euro.

**One other item you might clarify for me is "Who is really behind BIS?**

Perhaps, "who control them"?

**The Swiss?

Yes.

**The eurocentral banks?

Yes.

**Who does BIS really represent?

"old world, gold economy, as viewed thru modern eyes" or " way to move from US$ without war".

**Why was Saudi Arabia just included in BIS?

answered.

**Has Saudi Arabia gone with Europe?

Yes.


How should India position itself?

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Re: India-EU News & Analysis

Postby Philip » 02 May 2015 13:51

Godfather-3. Mafia godfather Don Luchese tells Vincent C,who expresses ignorance of money matters and politics:
"Money is like a gun,politics is to know when to pull the trigger".
The "old moneybags" of Europe are still trying to control the shots,making new alliances between old money and new material/mineral wealth.

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Re: India-EU News & Analysis

Postby panduranghari » 02 May 2015 14:31

Yes Philip Saar. Please do watch the youtube video. The confidence the guy has in his theory is remarkable. EU for all its follies and positives, will NEVER be unified politically. And without political union, you cannot project military might. And he says Europe wont need to anymore. They solved their internal problems. It did make me wonder was the bombing of Yugoslavia a concious policy decision influenced by the BIS and ECB? It cannot be discounted as these people are the same ones who reaped good fruits of colonial exploitation. They have not been served the desserts yet by those they oppressed. Euro is a reality and will soon replace Dollar as the OIL currency. We cannot do anything about it.

The question is - how does India position itself to counter this.

One thing I can think of at the top of my head is- Supporting Russia openly against European aggression of the areas around Ukraine. But then this may not be the right time.

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Re: India-EU News & Analysis

Postby prahaar » 02 May 2015 15:13

panduranghari wrote:Yes Philip Saar. Please do watch the youtube video. The confidence the guy has in his theory is remarkable. EU for all its follies and positives, will NEVER be unified politically. And without political union, you cannot project military might. And he says Europe wont need to anymore. They solved their internal problems. It did make me wonder was the bombing of Yugoslavia a concious policy decision influenced by the BIS and ECB? It cannot be discounted as these people are the same ones who reaped good fruits of colonial exploitation. They have not been served the desserts yet by those they oppressed. Euro is a reality and will soon replace Dollar as the OIL currency. We cannot do anything about it.

The question is - how does India position itself to counter this.

One thing I can think of at the top of my head is- Supporting Russia openly against European aggression of the areas around Ukraine. But then this may not be the right time.


Based on my discussions with aam aadmis in EU-land, the relatively well off countries feel PIIGS are sucking them dry and the PIIGS narrative is that Germany et al are sucking Europe dry. Both these groups wish to get out of Euro to safeguard themselves. Do you feel Euro will become stronger inspite of all the defaults and debts Greece, Spain, Italy are expected to incur? The only counter to this break EU slogan is fear of Russia.

Do you foresee Euro getting stronger and eventually even replace USD? The local European economy is not doing so great either.

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Re: India-EU News & Analysis

Postby panduranghari » 03 May 2015 02:55

Prahaar saar,

I have said this before and I say it again. Don't believe all the noise, and there's a tonne of it right now. They don't know what they are talking about. The euro survives and thrives regardless of how the European debt crisis is ultimately resolved, and no countries will leave the euro. In fact, there are countries trying to get in, and none that will leave short of a coup, revolution or state failure, which isn't even a consideration right now. And even if that happens, the euro will still survive and thrive while the country that leaves will suffer greatly, the local hyperinflation that will ensue being the least of their problems. Isn't leaving the Euro the thing that everyone has advised Greeks. But why are they not leaving?

Spend some quality time with the Eurosystem's balance of payments http://www.ecb.europa.eu/stats/external ... ex.en.html and marvel at how remarkably balanced Europe is with the rest of the world. Then compare that with the US balance of payments http://www.census.gov/foreign-trade/index.html . As just a quick example, in February(one month) the Eurozone imported only €1.6 billion more goods than it exported. The US, on the other hand, imported $35.5 billion more goods than it exported, and February was the lowest month yet from Last Feb(2014) for the US. Of course that's just goods. For services, the US exported $0.1 billion more services than it imported. How much of that do you think was "Wall Street financial services"? Europe also exported more services than it imported, but only €2.8 billion.

So for goods and services combined, the Eurosystem ran a trade deficit of €0.5 billion in Feb, while the US ran only a $35.4 billion deficit. Looking back at 2014 (just to get a full year's picture) the US ran a $500 billion goods and services deficit for the year. The Eurosystem (even with those lazy PIIGS) actually ran a trade surplus for the year, exporting more goods and services than it took in! So how can that be? As a currency representing a community of more than 300 million (or is it 400) people, the euro is quite healthy compared to the dollar!

Of course there is a huge imbalance inside Europe between the states running a large surplus and those running a large deficit. But with a shared currency the adjustment pressure for such an imbalance is foisted elsewhere, not on the currency. It lands squarely on the politicians, who couldn't be a more deserving bunch of A-holes. For the dollar, the structural deficit and debt of the US places a massive devaluation pressure directly on the dollar. But for Europe the currency is balanced with no (or very little) adjustment pressure.

The economic flow of goods and services within Europe will of course have to contract as the imbalance retreats. If the euro weakens on the global currency stage Europe will start running an overall trade surplus again, like China, which will soften the blow of a contracting internal economy. If the euro strengthens, things like cheaper oil will help soften the contraction. Internally the politicians have their hands full. No doubt! Externally, the euro is just fine. To the euro, the politics of the PIIGS and Germany are little more than a sideshow.

And did anyone mention gold yet? Check what constitutes the 1st line of Eurosytem balance sheet? Google it. Anything that would appear to seriously threatens the euro, like an outright sovereign debt default, would explode the price of gold which would simultaneously rescue the euro balance sheet and kill the dollar. Euro is the only currency in the world that has severed the link to gold and to a nation state.


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