+++ 23. November 2008 +++
The Maastricht EU Deficit Straightjacket Is Officially Dead
The EU has officially lifted the 3% deficit straightjacket, which forbade government credit creation by limiting so-called deficits to 3% of GDP for each member country. This was done by using the current treaty, which allows this in „extraordinary circumstances,“ the Nov. 21 Financial Times Deutschland and the FT report.
The decision was made possible after Germany finally agreeing, while however rejecting French President Nicolas Sarkozy’s more ambitious demand that the Maastricht Stability Pact rules be rewritten.
The decision was taken because, if the EU wants to implement a so-called stimulus package, even a limited one where each member state puts 1% of its GNP, there are already four major countries wich cannot do it without violating the 3% limit: France, Italy, Great Britain and Spain. A member of the French EU chairmanship is quoted in the FTD saying: „We must act. The budget balancing will be postponed to a later date.“
~ deutsch + english ~
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+++ 3. Januar 2009 +++
George Soros auf dem absteigenden Ast?
Die New York Post berichtete am 2. Januar darüber, George Soros (78) habe einen "Frühstart zu seinen Neujahrsfeierlichkeiten" hingelegt, indem er laut einem Augenzeugen die Nacht zum Mittwoch m...
[weiter]
+++ 31. Dezember 2008 +++
Cease-Fire Initiative by Turkey and Egypt
Turkey and Egypt are planning a joint initiative in an attempt to organize a ceasefire between Israel and Hamas, in order to stop the Gaza military operations. Egyptian Foreign Minister Ahmed Aboul Gh...
[weiter]
+++ 27. Dezember 2008 +++
London Promotes Somalia as New Afghanistan
Somalia is being promoted as a "major foreign policy test“ that will confront the Obama Administration. The London-based financial cartel, over the last two years, has used the Ethiopian military inte...
[weiter]
+++ 25. Dezember 2008 +++
Obama: mit der Bahn zur Amtseinführung
Barack Obama wird mit seiner Familie in einem Sonderzug von Illinois Richtung Osten nach Delaware fahren, dort seinen Vize-Präsident Joseph Biden abholen, und dann Richtung Südwest zur Amtseinführung...
[weiter]
