France, Germany challenge Trump’s America on Iran and the reign of the dollar

Last week, the French President Emmanuel Macron and the German Chancellor Angela Merkel challenged the US President Trump by deciding to create a real European army. This week, the two European leaders said they are seriously working on the project to build a financial/trade-clearing mechanism, meant to override the American sanctions against Iran. In both […]

EU-US ties to break over Iran; Democrats’ electoral win may not change it

After last Tuesday’s midterm elections in the United States, the Republicans of President Donald Trump lost the House of Representatives to the Democratic Party. The vote was turned out into a referendum for the Trump administration, and the GOP lost the full control of the two chamber Congress. From now on, the White House will […]

The Khashoggi affair: A global complot staged behind closed doors

For two weeks now practically all Western governments and media are at rooftops for the barbaric murder of Jamal Khashoggi, who was killed inside the Saudi Arabia’s Consulate in Istanbul. Very few people outside the oil Kingdom and the circles of Middle East ‘experts’ knew about the man, before he was massacred by his compatriots. […]

Trump fines China with $50 billion a year plus some more…

The New Yorker President of ‘America first’, Donald Trump, has figured out the cash China has to pay the US every year, in order to continue exporting her products to the largest market of the globe. It’s something like the ‘protection’ cash New York shopkeepers have to pay the gangs in order to get on […]

The missiles fired against Damascus, Syria divided Europe deeply

Last Friday night till the early hours of Saturday morning the US-France-Britain alliance attacked the Assad/Putin regime of Damascus, with a precipitation of missiles. Seemingly though, the hits have had a greater political impact on Europe than in Syria itself. Germany and Italy, the other two major European Union countries with strong interests in the […]

Destabilizing Lebanon after burning Syria; plotting putsch at home: King and Crown Prince of Saudi Arabia

Last week the Crown Prince of Saudi Arabia Mohammed bin Salman, son of King Salman placed the Prime Minister of Lebanon, Saad Al-Hariri under house arrest in Riyadh and forced him to resign his premiership. The Sunni Lebanese premier has a double citizenship, Lebanese and Saudi Arabian. His family has extended business interests and wealth […]

Syria: A bloody tracer of Trump – Putin rapprochement

Despite the dreadful fact that the fighting and the bloodshed continues on many spots on the ground, the Astana agreement for a truce in Syria backed by Russia, Turkey and Iran seems to present a good chance for peace. Last Tuesday, the above three foreign powers and their proxies implicated in the Syrian civil war, […]

Who is to pay the dearest price in a global slowdown?

What happens in China is more important for the European economy than a meagre fall of unemployment in the Eurozone. Last Tuesday, China said its February exports dived by a record 25.4%, fuelling new fears for a bigger slowdown in the world economy. At the same time, a Press release by Eurostat, the EU statistical […]

What have the banks done to the markets making them unable to bear cheap oil?

Last Tuesday, a new steep fall of the price of crude oil by almost 5%, triggered another selloff in all the major capital markets of the world. The New York and the European stock exchanges lost anything between 2% and 3% of their capitalization. One may observe that this development is one of many of […]

Why are the financial markets shivering again?

The major central banks of the world are currently in the middle of a precise but of dubious results surgical operation on capital markets. On the one hand, the monetary authorities aim at supporting the real economy by injecting more cash into the financial system. On the other, they try to mitigate the risky super […]

WEF Davos 2016 LIVE: Banking moguls continue brandishing financial Armageddon to intimidate us all but in Davos they worry about the very distant future

On Thursday 7n January this newspaper commented that behind the capital markets selloff, which shook the financial world in the first week of this year, were the financial moguls who want to impose their terms to central banks and mainly the American Fed. Since then stock markets keep losing a lot of grounds every day. […]

The three sins the EU committed in 2015

During 2015, the year that now ends, the European Union has brought its well-known inability to manage the egocentric and centrifugal action of its major three nations (Britain, France and Germany) to new highs, a practice that has lately led to ineffectiveness and Euroscepticism. The EU cooperated this year with Britain, France and of course […]

Can Obama attract Iran close to the US sphere of influence?

The best indications about the fairness of a deal are that all the parties directly involved in it can claim victory, and when it comes to the detailed terms they feel they didn’t get exactly what they wanted. This is exactly what happened after the six major world powers (the P5+1 group of countries, the […]

Can the US-Iran rapprochement change the world?

The United States global gendarmes and the Shiite Iran were brought together in a common fight against the Islamic States murderers in Iraq and Syria, thus opening the way for a wider understanding between the two until recently sworn enemies. The American government saw one more major geostrategic advantage in the rapprochement with Tehran. And […]

EU leads the torn away South Sudan to a new bloody civil war

It’s the definition of the utmost hypocrisy that the European Union now laments the woes of ordinary people caught in the civil war that plagues South Sudan as from last week. Many years ago, Brussels as an agent of a number of European governments, ‘invested’ some millions in a civil war to create this puppet […]

Where is Egypt leading the Middle East and the Mediterranean economy?

There is no doubt that the Egyptian experiment of democratic political and economic transformation of the country by the Muslim Brotherhood has failed in every respect and the West recognised it. No wonder why no western government or the UN termed the intervention of the Egyptian army and the toppling of President Mohamed Morsi, as […]