NATO, the IMF, divisions, Grexit… Looking out to 2020: the return of European wars ?
In the face of some rather worrying indicators in recent months, we have got to the point of asking ourselves the question of the likelihood of a return of European wars looking out to 2020. Actually, it’s not because our team continues to see the crisis’ exit tracks falling into place, that it doesn’t keep watch over the remaining obstacles on the path to these exits; obstacles which to us seem to be of two kinds essentially : first, the efforts of the world before’s masters to keep control, anachronistic conflicts and rooted in the past, caused by increasingly isolated, but also increasingly aggressive powers, amongst whose number there remains especially, but not only, the US military ; second, what are the « natural » sparks, likely to give birth to enormous friction between tectonic plates, the best image evoking the geopolitical rebalancing underway. (Summary of the article : NATO, the IMF, divisions, Grexit… Looking out to 2020: the return of European wars ? / 2015-2020 – The wide-reaching isolation of « hard line America » / Greek crisis : the temptation to close the door on the IMF)... Subscribe to the GEAB, our monthly confidential letter
The eurozone crisis by the numbers
The financial crisis in Greece and other eurozone countries has been dragging on for years. We take a closer look at how hard some countries were struck, and how they're trying to get back into shape.
China, India are ‘changing the nature’ of gold bullion markets
Investment demand was the primary driver of gold until recently, but “price-sensitive EM demand is an increasingly important driver of gold prices, they said. EM buyers and sellers “largely define” the range for gold—with prices near $1,100 an ounce attracting buyers, but prices near $1,300 causing buyers to “shy away from purchases”...Market Watch
Austrian chancellor sides with Greece in debt row
Austrian Chancellor Werner Faymann expressed solidarity with Greek Prime Minister Alexis Tsipras before meeting the leader in Athens on Wednesday in a bid to end a standoff with international creditors over a rescue package...Reuters
EU ministers discuss migrant scheme
Interior ministers are meeting in Luxembourg on Tuesday (16 June) to discuss a plan to distribute asylum seekers in Europe based on criteria like GDP and population size...EUObserver
Texit ? - Texas wants its gold back from the feds
Deep in the bowels of an office building in lower Manhattan sits more than 500,000 gold bars, with a combined weight of nearly 7,000 tons. They are in the custody of the Federal Reserve Bank of New York, which is holding them for the U.S. government, foreign governments, state governments, other central banks, and official international organizations...CBSNews
API data reportedly show U.S. crude supply down 2.9 million barrels
The American Petroleum Institute late Tuesday reported that crude supplies fell 2.9 million barrels for the week ended June 12, according to sources. Analysts surveyed by Platts forecast a 2.4 million-barrel decline. July crude CLN5, +0.98%was at $60.08 a barrel in electronic trading, up from the $59.97 close on Nymex. The more closely watched Energy Information Administration report is due Wednesday.Market Watch
La Réserve fédérale américaine moins optimiste pour 2015
La réunion du comité de politique monétaire de la Fed n’a pas débouché sur une hausse des taux. Celle-ci a revu ses projections macro-économiques pour 2015 à la baisse...Les Echos
NATO implementing biggest defense reinforcement since Cold War
he first full exercise of NATO’s new rapid reaction force is taking place in eastern Europe. The Organization’s chief said the alliance was implementing its biggest defense reinforcement since the Cold War. The North Atlantic Treaty Organization (NATO) created the rapid reaction force to deter Russia from taking any action against its eastern European allies which were once governed from Moscow...Deutsche Welle
Egypt faces condemnation over Morsi death sentence
Egypt is facing international criticism after it upheld the death sentence against deposed President Mohamed Morsi, with the US, its military ally, calling it “deeply troubling” and “politically motivated”...Al Jazeera
Les constructeurs automobiles investissent l’autopartage
L’autopartage n’a jamais été aussi populaire chez les constructeurs automobiles. Aux côtés des « pure players », ces spécialistes de l’autopartage que sont Autolib’ (Bolloré), l’américain Zipcar (Avis), l’allemand Flinkster (Deutsche Bahn) ou la coopérative française Citiz, les groupes automobiles tentent de se faire une place sur ce marché appelé à croître dans les années à venir...Le Monde
Far-right parties form group in EU parliament
The National Front and the Dutch PVV party have formed a new far-right group in the European Parliament. The NF chief, Marine Le Pen, tweeted on Monday (15 June): “I will announce the formation of our group – Europe of Nations and Freedom [ENF] – tomorrow in Brussels”...EUObserver
California Says Uber Driver Is Employee, Not a Contractor
In a ruling that fuels a long-simmering debate over some of Silicon Valley’s fastest-growing technology companies and the work they are creating, the California Labor Commissioner’s Office said that a driver for the ride-hailing service Uber should be classified as an employee, not an independent contractor...NY Times
France Bans Sales of Monsanto’s Roundup in Garden Centers, 3 Months After U.N. Calls It ‘Probable Carcinogen’
After an arm of the U.N.’s World Health Organization (WHO) identified the main ingredient in Monsanto’s popular weed killer Roundup as “probably carcinogenic to humans,” France has taken a step to limit sales of the herbicide...Newsweek
China, Australia sign landmark free trade agreement
The Australian and Chinese governments signed a long-awaited free trade agreement in a ceremony in Canberra on Wednesday, freeing up trade between the two countries...Xinhuanet
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