Trump’s pounding of Iran less harsh than expected, leaves arrangement open

Trump did again what he has been good at. This time he pounded the non-nuclear proliferation agreement with Iran. To be reminded, this was the P5+1 nations (US, Russia, China, Britain, France and Germany) agreement of 2015 with Iran , by which the latter country accepted to stop its nuclear program and be duly inspected […]

Brexit: Britain and the Continent fighting the battle of Waterloo again

The British Prime Minister Theresa May is amidst an agonizing effort to put together a decent package of trade deals or at least initial and relevant MOUs for the after Brexit era. The obvious reason for that is to convince the Brits and the Parliament that her country will survive after March 2019, in case […]

Yellen and Draghi tell Trump and markets not to expedite the next crisis

The disappointment of financial markets with the lack of hints about monetary policy from the Jackson Hole gathering of central bankers is understandable. Both Janet Yellen, US Federal Reserve System Chair and Mario Draghi, the European Central Bank President while keeping their policy guidelines unchanged, choose to forcibly attack the demands of bankers – supported […]

After Brexit and Grexit, Brussels to deal with Poloust

After Grexit and Brexit that have both been haunting the European Union for quite some time, and will continue doing so in the foreseeable future, Brussels seems obliged to ponder Poloust that is kicking Poland out. The country is steadily sliding to rightwing coercion, under the leadership of Jaroslaw Kaczynski, a rampant populist, authoritarian and […]

Trump’s Russian affair spills over and upsets Europe

The turmoil in the American political system, caused by President Donald Trump’s Russian affair is having spillovers in Europe. Of course, it’s not the first time that Trump and his out of control political ‘inspirations’ instigate trouble for the Old Continent and the rest of the world. This time however, the US Congress prepares new […]

Trump badly cornered at home by agribusiness and steel consumer lobbies: Trade

Donald Trump, the real estate mogul and TV reality show star, as President, discovered the hard way that international trade is a much more complicated issue than he could have ever imagined. His poor cognitive abilities and his rampant nature didn’t allow him to realize that international trade is a much more complex issue, than […]

Trump ‘used’ G20 to side with Putin and split climate and trade packs

While protesters were dynamically trying to reach the part of Hamburg where the G20 leaders of the largest economies of the world were gathered, the most powerful politicians of the globe were reduced to the status of viewers, in the Donald Trump and Vladimir Putin spectacle of rapprochement. Trump also ‘used’ the G20 to tell […]

PM May fosters chauvinism, declares trade war on Europe

  Theresa May, the British PM seems to be so badly cornered by the dreadful reality she and her Brexiteer colleagues have driven their country into, that they have now started acting as if in a collective delusion. Reportedly, they have officially informed the business leaders of the entire UK, that the government may abandon […]

Europe to turn the Hamburg G20 Summit into a battlefield

This week’s G20 Summit in Hamburg, Germany is expected to become a battlefield from the very first gathering. Chancellor Angela Merkel is to attack the US President Donald Trump, about his rejection of the Paris Climate Agreement. The American will reply with a demand for ‘free and fair trade’ as he ventures it, especially for […]

The EU slams Theresa May’s Brexit option; sets base for own European defense, security platform

Last week’s EU Summit in Brussels set a solid base for the frictionless functioning of the European Union of 27, minus Britain. For one thing, the UK Prime Minister Theresa May fell on a solid wall of distrust. The mainland leaders ostentatiously repelled her vague offer, about the position after the Brexit of the around […]

Brussels Vs. Google: The €1 bn EU fine and the US response

The European Commission is about to impose more than one billion euros fine to Google as a result of online shopping service search abuse according to the Financial Times. If the above is implemented, it would be the highest penalty in the history of anti-competitive behavior after Intel’s case in 2009. The repercussions for Google, […]

19th EU-China Summit: A historical advance in the Chino-European rapprochement

Mainstream media and the two EU Presidents (Donald Tusk of the Council and Jean-Claude Juncker of the Commission), during and after last week’s groundbreaking 19th EU-China Summit (1-2 June), focused on the joint and unreserved pledge of Europe and China to wholeheartedly uphold the Paris Climate Agreement. This was a direct reply to Donald Trump’s […]

Trump’s denial of Paris climate agreement; the US Republicans lash out against the world

Donald Trump’s withdrawal from the UN Paris Climate Agreement is a major foreign policy step, rather difficult to understand. For one thing, the American environmental industry technologically spearheads the world in this domain. The US is a global leader in electric vehicles production, where mainstream vehicles are one of the major contributors to air pollution. […]

Germany caught with selfish double standards in euro area policy

Over the past three years the European Central Bank, guided by its President Mario Draghi, has been folowing a super relaxed monetary policy. It has been aiming at reviving uncertain economic growth and dying inflation, by handing out to banks, and through them to the economy, hundreds of billions of euro and at the same […]

Trump enrages the Europeans and isolates the US in G7

Last Thursday, Donald Trump, at a superb hall in the new glass and steel NATO building in Brussels, delivered an unruly speech, after having pushed aside Prime Minister Dusko Markovic of Montenegro (the related video has become viral) while walking towards the rostrum. He came out with a blatant and derogatory account aimed at 23 […]

Elections in Britain may reserve a surprise for May’s Tories

The easy ride for the 8 June election in Britain that Prime Minister Theresa May planned for the Tories seems to be turning sour. When same weeks ago she negatively surprised everybody in Europe by announcing early elections, public opinion polls allocated to her conservative party double ratings than Labour, 48% to 24% – not […]

Threats from mammoth banks and Brussels fuel May’s poll rates

The Theresa May brexiteer government has started feeling the heat about their choice to fight an electoral battle on a clear and loud plea, that a vote for Tories on 8 June is a vote for a hard Brexit. And mind you the closer we get to the polling date the more heated the controversy […]

Macron plans for Europe, Brexit and banks but vague on France

Emmanuel Macron, after yesterday’s quasi formality of the second round of the election, is the new President of France, having defeated Marine Le Pen by 65% to 35%. He commands the military forces of his country, including the not at all small nuclear arsenal of France, he appoints and dismiss the prime minister and can […]

China invites the EU to a joint endeavor for free trade and order in the world

The European Union and China are to hold a summit this June, which is expected to shape their joint answer to the American protectionist and other threats. Last weekend, those threats prevented the Spring Meeting of the IMF to renew its commitment to free trade. The US Treasury Secretary Steven Mnuchin alone blocked it. Before […]

Trump to subject the Fed, challenge the ECB and make Wall St. bankers even richer

It’s obvious by now that the European Central Bank and its President Mario Draghi are following a diametrically opposite monetary policy than the American central bank, the famous FeD. Both Draghi and ECB Vice President Vítor Constâncio have loudly reassured everybody that the Eurozone’s central bank will continue injecting €60 to €80 billion a month […]

Trump’s Syrian hit the softest option vis-a-vis Russia

All the major English language media interpreted last week’s US strike of the Syrian air base with Tomahawk missiles, as a serious geostrategic action by Donald Trump carrying messages not only to Russia, but also to North Korea and even China. Nothing is less true than that. This was the least the new US President […]

Can China deal with climate change without the U.S.?

Last Tuesday U.S. President Donald Trump signed an executive order which rejects most of the climate initiatives of Obama’s administration. The U.S. President seems to keep his pre-election promises on boosting the coal industry and does not support the fight against global warming. However, China, the second largest economy in the world, has revealed that […]

The US + Britain trivialize mainland Europe, NATO and the EU

After the insults the German Chancellor Angela Merkel experienced in Washington last week, the Anglo-American duo last Tuesday orchestrated new assaults on mainland Europe. It’s not only the outrageous option of the no-deal Brexit, which gains momentum in London, possibly being encouraged by Washington. It’s also a fact that Britain and the US escalate their […]

Trump asked Merkel to pay NATO arrears and cut down exports ignoring the EU

The German Chancellor Angela Merkel returns to Berlin with a bill her country must pay to the US. The check was handed over to her personally by the American President Donald Trump last Friday at the White House. In a very clear manner he estimated what Germany owes to NATO, and indirectly to the US. […]

May threatens the EU with a wild Brexit indifferent to Scotland, Northern Ireland and the City

Late last Tuesday, Theresa May, the British Prime Minister, got the green light from the lower house of the Parliament, the Commons, to trigger and negotiate the Brexit any way she likes. The elected members of Parliament reversed a decision of the upper chamber, the unelected Lords, who had attached two conditions in the law […]

The widely advertised hazards of the EU not that ominous; the sting is financial woes

Last Monday, Deutsche Bank’s management surprised everybody quite negatively by asking its shareholders for an €8 billion capital injection. Only hours before that, the London Stock Exchange had almost terminated the long negotiated merger procedure with the Deutsche Börse, the German bourse in Frankfurt. The LSE directors rejected the terms set by the European Commission […]

Trump’s Russophiles under investigation, Europe remains ‘en garde’

Last Friday U.S. Attorney General Jeff Sessions recused himself from the ongoing FBI probe of the case of the Russian interference in the US Presidential elections favoring Donald Trump. He said “I have recused myself in the matters that deal with the Trump campaign.” Last September, the US intelligence agencies collective, in a joint paper, […]

Europe eyes to replace US as China’s prime foreign partner

Last Tuesday, Rex Tillerson, the US Secretary of State, received in Washington the top Chinese diplomat Yang Jiechi , in an effort to establish a “regular high-level engagement” with China, after President Donald Trump has practically destroyed the until recently multiple channels of problem solving and interaction between the two super powers. Obviously, Tillerson felt […]

Elections in Europe: No risks for the EU, leaders readying to face Trump-Brexit

Some political analysts in mainland Europe but many more in Britain and on the other side of the Atlantic Ocean in the US, have rushed to call 2017 the year that can make or break the European Union. They basically argue that the three crucial legislative elections due in Holland next month, in France in […]

The four top Americans who flew to Europe perplexed things about Trump’s intentions

Four top ranking Washington bigwigs – who flew to Munich, Brussels and Bonn to mend fences with Europe, after Donald Trump termed NATO ‘obsolete’ and rejoiced the unraveling of the EU, left the Europeans bewildered with the dangerously diverging stories they had to narrate. Only the extreme right wing, Polish Defense Minister Anton Macierewicz seemed […]