The US starts an intense currency war to protect its global standing

One month ago this newspaper’s title was: “Trump after marginalizing G20 attacks Europe and China where it hurts, brandishes currency war”. Since then, the American President intensified his attacks on money parities, mainly against China. At the same time, he continues pressing the American central bank, the Fed, for not taking tough measures to actually […]

Boris ‘single-handed’ threatens mainland Europe; can he afford a no-deal Brexit?

No doubt a no-deal Brexit will test the unity of the United Kingdom, undermine the position of London as leading international financial center and surely divide deeply the governing Conservative Party. Still this party’s new leader and British Prime Minister Boris Johnson is now sailing full steam ahead towards this dreadful option. One possible explanation […]

Boris as UK Premier to be cornered if attempting a no-deal Brexit

One month ago this newspaper predicted that the British Conservative Party is bound to elect Boris Johnson, an ex Foreign Secretary and former Mayor of London, as its new leader and UK Prime Minister. The election process is at the final stage, with the 160.000 party members having to choose between Johnson and the actual […]

Trump after marginalizing G20 attacks Europe and China where it hurts, brandishes currency war

Last week’s G20 meeting in Osaka confirmed that the forum’s commonly shared concern about our future on the planet is definitively a thing of the past. Last week, the cacophony at the table of the 20 heads of the largest countries of the world – which first appeared last December in Buenos Aires – became […]

Trump blocks US warmongers from bombing Iran

Last week the American military-industrial complex (MIC) was ‘cocked & loaded’ to attack key targets in Iran, after Tehran downed a US military unmanned spy drone. Of course, the two sides clash over the exact position of the drone’s hit. However, the Iranians should have avoided hitting an American war machine outside of their air […]

Boris Johnson’s no-deal Brexit to differ when issued from 10 Downing St.

The British Conservative Party is now busy electing a new President and by the same token the new Prime Minister of UK. This is an exemplary democratic exercise but under the current conditions it also turns to be a tricky procedure. For one thing, the outcome of the long selection process becomes every day more […]

Who is to pay for Trump’s trade war against China?

The US President Donald Trump and the big American tech companies have raised the stakes this week in the ongoing Pacific war. Japanese and South Korean tech giants have also joined the Americans in black listing Huawei and other Chinese companies in an all out war against China. As expected, Japan supports the US policy […]

Draghi’s negative interest rates help Eurozone’s cohesion

Super Mario did it again. Only months before leaving the helm of the European Central Bank he made sure his accommodative monetary policy will hold well, even after he leaves Frankfurt am Main. Last Thursday, he pushed interest rates below the zero level for at least another year. Even if his successor will be a […]

Trump in London poisons UK and Europe

The unbelievable American President, while on a full state visit to Britain, didn’t hesitate to target the British crown jewel which is the country’s health system, the National Health Service. Trump plainly said he wants Britain out of the European Union, in order to open the NHS budget for the American health contractors to scavenge. […]

Trump’s America divides the world, bullies China and Europe

The American administration in concerted action at the end of last week told everybody, how they want the world to function, singling out foes and friends. Leading members of the Trump executives attacked China, Germany and the EU. Washington, probably, senses that those global entities are able to withstand and effectively counter the wider American […]

Brexit: With May gone the Tory divide is to sink the UK despite Brits wanting to ‘Remain’

When the British Tory Prime Minister Theresa May broke the talks with Labor leader Jeremy Corbyn about Brexit, every analyst wondered what else the Brits could ever think to make things worse. And the Conservative party turned up with a devastating answer to this question; they forced PM May to resign. In this way, the […]

European elections: A chance to repel both nationalism and no-deal Brexit

The results of the coming European Parliament elections of 23-26 May will have an unusually strong and long term impact on the wider political developments of the entire Old continent. There are two good reasons for that. The Europeans, including the Brits, will vote to definitely or not repel nationalism and a devastating no-deal Brexit. […]

Trump wants to implicate China in US attacks against global order

Global trade prospects and order is in the hands of a New York bankrupt realtor who is addicted to risk. He doesn’t care if his moves in the trade negotiations harm his own country, as long as the spectators applaud. On Thursday 9 May the American President Donald Trump didn’t hesitate to hike import tariffs […]

UK voters sent strong message to May and Corbyn for soft Brexit

Most political analysts agree that the results of last Thursday’s local elections in Britain were a strong slap by voters primarily to the governing Tory PM Theresa May and, secondly, to the major opposition Labor Party leader Jeremy Corbyn. There is also widespread acceptance that the impressive electoral gains of the Liberal Democrats come mainly […]

The world condemned by neo-liberals to feed trillions to banks: the New Deal exorcised

One after the other, all the major central banks of the world follow the regrettable example of the Fed and the ECB in reversing their efforts to contain the greed of the financial mammoths. The American central bank, the Fed, and the European Central Bank will continue feeding the giant financial conglomerates with $4.5 trillion […]

Can the Notre-Dame fire freeze the ‘Yellow Vests’ uprising?

Can the fire that partially destroyed Notre-Dame act as a game changer in the French socio-political scene? Probably yes, but let’s see to the forces in motion, the national grief and the anger of the left behind. Luckily on the Seine river islet, in the heart of Paris, the eight hundred year monument still stands. […]

Brexit: Six more months of political paralysis or a May-Corbyn compromise?

      Last Thursday in Brussels the UK Prime Minister, Theresa May felt it was necessary to tell the 27 EU leaders, who had gathered there to meet her, that “Britain is a serious country”. Until some months ago such an observation from a British PM would have been unimaginable. Until very recently nobody […]

US and China in painstaking efforts to conclude trade talks

China and the United States are working hard to achieve a trade deal, badly needed for both the two largest economies of the globe as well as for the rest of the world. During the past months of negotiations between the two giants, progress or confrontation in the dealings have been strongly – positively or […]

UK: Customs Union with EU or a longer delay of Brexit

Last week, the UK Parliament, the Commons, before rejecting PM Theresa May’s deal with large majority for a third time, had also voted down all eight alternative  exit options, ranging from a wild divorce to no exit at all. So far, the legislative has agreed only on delaying the exit. Now, the Prime Minister says […]

The financial world upside-down: debt failure closer

A round $10 trillion worth of bonds are currently being traded in world markets on negative interest rates. At the same time, the European Central Bank prepares to flood the Eurozone and the banking world with hundreds of billions of zero interest rate euros, in an abrupt change of monetary policy course from restrictive to […]

The UK remains in the EU until a new Brexit date is set

Last Thursday, the EU’s 27 leaders unanimously agreed to delay the departure of Britain from the club by at least a fortnight. The exit date had been fixed on 29 March 2017 for exactly two years on. However, the postponement of the divorce sets a tough task for Jeremy Corbyn, the head of the major […]

Draghi: ECB to flood Eurozone and the world with more zero cost money; risk of drowning in cash

Last Thursday, the European Central Bank decided to start again feeding the bankers with more zero cost trillions. This was a surprise to many, because everybody thought the €2.6 trillion the ECB has already handed to banks free of charge were enough. Seemingly, Mario Draghi thinks it is not and hurried to invite the bankers […]

Trump’s self-centered politics unravels

Trump’s idea of governance unravels as the American President crossed the half term of his tenure. What happened last week in Hanoi, Vietnam was a characteristic catastrophe and the exposure of badly conceived and executed Trumpist politics. His much advertised initiative to win a triumph over North Korea’s Kim Jong Un ended up in total […]

Brexit: No deal without marginalizing the hard Tory Eurosceptic MPs

More than once during the difficult past Brexit months the British Premier Theresa May has said that a deferment of the divorce day beyond the 29 March limit, will serve nothing. Actually, this is her only accurate assessment of the Brexit conundrum. Very simply because this crucial question has remained unresolved for 32 months after […]

The Sino-American trade conflict may be resolved soon

This newspaper for many months has been closely following the US-China trade conflict (if not at times a full trade war). The current negotiations in Washington D.C. are stuck at the same point as last summer. On August 27 our leading article said: “… Washington’s demands go beyond tariffs”. On October 18 we observed, “The […]

Fed and ECB prepare a new party for the financial sharks

At the time of trillion dollar companies and global borrowing much above the 2008 crisis levels, and after nine years of continued swelling of values in all and every western capital markets, bankers decided there cannot be turning back to normality, interest rates and debt wise. They say the thing must not be stopped from […]

A backbencher Tory MP threatens both EU and UK with a no-deal Brexit

Last Thursday’s latest vote in the British Parliament, the Commons, revealed the real forces operating in relation to the country’s Gordian Knot, Brexit. Conservative Prime Minister Theresa May’s newest proposal for a kind of a soft Brexit deal, under the name of ‘Plan B’ was rejected last Thursday in Parliament by 303 to 258 votes. […]

Brexit: UK to suffer from EU’s uncompromising stance

Last Tuesday, 29 January, 317 British MPs voted for (301 against) the Tory Sir Graham Brady’s amendment, to replace the ‘Northern Ireland Backstop’ with elusive “alternative arrangements“. This NI Backstop is an integral part of the Brexit Agreement, PM Theresa May concluded with the other 27 EU leaders last December. It guarantees that, after the […]

After globalization what? Europe’s long, straining shake-up post Davos wreckage

It’s an established fact by now that the Eurozone economy is slowing down. The International Monetary Fund cuts down the relevant growth estimate for this year to 1.6% and 1.7% for 2020. This is far below the robust 2.4% of 2017. The German economy, the largest and the more competitive country of the club, is […]

Brexit: Only Corbyn and May in concert can make the needed compromises

A small group of British Tory MPs numbering around 120 representatives are decisively planning to send Britain to the cliff in a no-deal Brexit. Before last Xmas, they triggered an intraparty procedure to oust Prime Minister Theresa May from the party Presidency and consequently drive her out from 10 Downing Street. They were in minority […]

UK Labour Party leader Corbyn readies to change Brexit political backdrop

Tomorrow, Tuesday, the British Parliament, the Commons, is to vote on Prime Minister Theresa May’s proposal, for a kind of soft Brexit withdrawal agreement. As everybody agrees, it’s most likely this PM’s plan will be rejected by the majority of the parliamentarians, as they have also voted down her other proposals during the past critical […]

Trade war or not New York bankers will have it their way

The US and China agreed to hold talks on 7-8 January in Beijing to settle their trade differences, which have already eaten into both economies and disturb the global financial universe. If they fail to agree this week, the impact will be worse. It seems things are so bad, that the US Federal Reserve Chairman […]

Brexit: Is there anybody supporting a non-violent separation?

Like Christopher Clark’s ‘Sleepwalkers’, Britain alone on the one side and the European Union led by Germany and France on the other are walking apart, without a deal to jointly settle their future relations. One and a half years have elapsed since the 23 June 2016 referendum, with endless talks and self-complacency. Still, neither side […]