Tag Archives: Europe

Global Banks Face $1.2 Trillion Shortfall Under Proposed FSB Rules

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“The world’s 30 biggest banks, including HSBC, JPMorgan Chase and Deutsche Bank, would need to raise as much as $1.2 trillion in total loss-absorbing capacity by 2022 under proposed rules published Monday by Europe’s Financial Stability Board (FSB).  Under the proposed rules, which would apply to 30 global banks identified by the FSB as ‘systemically important,’ the lenders will have until January 2019 to create a financial buffer, or Total Loss Absorption Capacity (TLAC), of at least 16 percent of their risk-weighted assets. The minimum TLAC requirement will gradually increase, rising to 18 percent by January 2022.”

http://www.ibtimes.com/global-banks-face-12-trillion-shortfall-under-proposed-fsb-rules-2175047

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Desperate Finland Set To Unleash Helicopter Money Drop To All Citizens

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“With Citi’s chief economist proclaiming ‘only helicopter money can save the world now,’ and the Bank of England pre-empting paradropping money concerns, it appears that Australia’s largest investment bank’s forecast that money-drops were 12-18 months away was too conservative.  Over the last few months, in a prime example of currency failure and euro-defenders’ narratives, Finland has been sliding deeper into depression. As The Telegraph reports, this is a deeper and more protracted slump than the post-Soviet crash of the early 1990s, or the Great Depression of the 1930s. And so, having tried it all, Finnish authorities are giving every citizen a tax-free payout of around $900 each month!”

http://www.zerohedge.com/news/2015-12-06/it-begins-desperate-finland-set-unleash-helicopter-money-drop-all-citizens

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Andrew Bacevich, The pretend war: why bombing Isil won’t solve the problem

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“[In 1956], as today, in both London and Paris, an emotional thirst for revenge overrode sober calculation.  The vicious Isis attacks in Paris represent another unpardonable offence. Through war, Cameron and Hollande seek to avenge the innocents who were killed and wounded. But as the humiliating outcome of the Suez war reminds us, there are some problems to which war is an unsuitable response.  Across much of the greater Middle East today, we confront one such problem. For western governments to reflexively visit further violence on that region represents not a policy but an abdication of policy. It’s past time to think differently.”

http://new.spectator.co.uk/2015/11/sorry-but-just-bombing-isis-in-syria-wont-help-anyone/

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European Union to Crack Down on Bitcoin After Paris Attacks

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“A draft document seen by Reuters said that EU member countries were planning to crack down on digital currencies and anonymous payment systems made via pre-paid cards in a bid to curb terrorism financing.  EU justice and interior ministers who will attend the meeting are expected to urge the European Commission to come up with measures to ‘strengthen controls of non-banking payment methods such as electronic/anonymous payments and virtual currencies and transfers of gold, precious metals, by pre-paid cards,’ said the draft conclusion of the meeting seen by Reuters.”

http://www.coindesk.com/european-union-to-crack-down-on-bitcoin-after-paris-attacks/

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GCHQ admits for the first time to ‘persistent’ hacking in the UK and abroad

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“The UK’s digital spy agency, GCHQ, has admitted for the first time in court that it hacks computers, smartphones, and networks in the UK and abroad.  In evidence published this week, GCHQ says it undertakes ‘persistent’ hacking, leaving monitoring software on targeted devices. GCHQ also admitted that it does not need to seek individual warrants before hacking a target device. Instead, the agency primarily relies on ‘thematic’ or ‘class’ warrants, which give permission to intercept communications from ‘a defined group or network.’  Jaffey stated that this definition is interpreted as broadly as possible, letting, for example, the agency target ‘all mobile phones’ in a given city.”

http://www.theverge.com/2015/12/2/9834316/gchq-hacking-international-privacy-tribunal

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Enslaving People to Keep Them Safe from Government-Produced Enemies

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hornberger1

“Not surprisingly, the U.S. national-security establishment has used the threats that its own polices have produced to do the same thing that France and other European countries have done throughout history — suspend the rights and liberties of the citizenry in the name of keeping them ‘safe’ from the enemies that the national-security establishment itself has produced. While it’s true that U.S. officials are not yet bashing down people’s doors in search of terrorists or communists, it’s also true that they now wield such totalitarian powers as military arrest of citizens and their indefinite military detention, torture, and assassination, all without due process of law and trial by jury.”

http://fff.org/2015/11/25/enslaving-people-to-keep-them-safe-from-government-produced-enemies/

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Watching the Anti-Freedom Actions of Francois Hollande

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Anthony-Wile1

“Francois Hollande has come into his own. After nearly bankrupting France and raising taxes so aggressively that he has driven many of France’s best and brightest abroad, Hollande has found his voice as a wartime president.  Bombing Syria is not going to forestall further violence in France. In fact, such actions will surely increase the chaos and over time add to the bloodletting. But Hollande has found his voice! He bays for blood and lobbies Britain to join him in bombing Syria. The Middle East mistakes of the past decade are about to be repeated. And actually, after a point one cannot call them ‘mistakes.'”

http://www.thedailybell.com/editorials/36664/Anthony-Wile-Watching-the-Anti-Freedom-Actions-of-Francois-Hollande/

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‘There is no hiding place… our bombs will kill people’: Jeremy Corbyn

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“Jeremy Corbyn today warned Labour MPs there is ‘no hiding place’ if they ignore his pleas and back British airstrikes against ISIS in Syria.  The Labour leader warned pro-bombing MPs they will have to answer to party members if they ignore grassroots opposition to military action in tomorrow’s crunch vote and support action which will lead to civilian deaths.  In an attempt to apply more pressure Stop the War supporters will march on Labour’s headquarters in London tonight after gathering in Parliament Square. Mr Corbyn was humiliated by his own shadow cabinet yesterday, when frontbenchers lined up to insist they would vote in favour of bombing ISIS.”

http://www.dailymail.co.uk/news/article-3340717/Cameron-cancels-PMQs-SEVEN-hours-debate-bombing-ISIS-Syria-airstrikes-launched-tomorrow-night.html

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Hollande begs UK Labour Party to back bombing ISIS in Syria

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“President Hollande issued a dramatic appeal to Labour MPs last night to allow
Britain to join the bombing campaign against Islamic State in Syria, further
isolating Jeremy Corbyn. France’s Socialist leader said that action was needed ‘to defend our vision of mankind’. ‘I do hope that the House of Commons will be able to meet the
request of the prime minister,’ he told a news conference in Malta. Later he made clear that he was addressing all MPs, and asked them to ‘show solidarity with France’. Tom Watson, the deputy Labour leader, joined a growing mutiny against Mr
Corbyn’s refusal.”

http://www.thetimes.co.uk/tto/news/uk/defence/article4626411.ece

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Paris Attacks Spur Emergency Edict and Intense Policing in France

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“All over France, from Toulouse in the south to Paris and beyond, the police have been breaking down doors, conducting searches without warrants, aggressively questioning residents, hauling suspects to police stations and putting others under house arrest.  The extraordinary steps are now perfectly legal under the state of emergency decreed by the government after the attacks on Nov. 13 in Paris that left 130 dead — a rare kind of mobilization that will continue. The French Parliament voted last week to extend the emergency for three more months, which means more warrantless searches, more interrogations, more people placed under house arrest.”

http://www.nytimes.com/2015/11/24/world/europe/in-france-some-see-the-police-security-net-as-too-harsh-paris-attacks.html

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