The Greek
crisis, which the GEAB has been writing about since 2010, laid bare!
Whilst
Euroland is just emerging from the most traumatic episode of the indeterminable
“Greek crisis”, the LEAP team has thought it helpful to publish a compilation
of all its anticipations on this subject since 2010 as an exercise of
transparency, evaluation and teaching. This backward look on our anticipated
reading on the different stages of the Greek crisis is teaching in more than
one way: essentially, the validation, by the facts, of our anticipations on the
subject prove the value of our angle from which we read events, yet completely
the opposite to the media’s reading; the errors, inevitable, are all in the
fact that, despite our poor opinion of our leaders’ capacity to manage this
crisis, we are consistently on top of the reality…
Greece's
Tsipras says loan deal with lenders close
Prime
Minister Alexis Tsipras said on Wednesday that Greece was close to concluding a
deal with lenders on a multi-billion-euro bailout, which he said would end
doubts over its place in the euro zone...
Here's what
citizens of 11 advanced nations really think of their economies
The
economies of advanced nations aren't doing so well. That's what respondents
from around the world said when asked by the Pew Research Center if they
thought the condition of their national economies was good or bad. A median of
56% of the respondents from advanced nations described their economy as bad,
versus 40% who described it as a good. Some advanced countries have become more
satisfied with their current economy but..
Small
investors flee the market
The number
of small investors holding stocks in their accounts slid to 51 million at the
end of July from 75 million at the end of June, according to China Securities
Depository & Clearing Corp, the government agency that tracks accounts.
Shanghai Composite Index plunged 14 percent, a record single month drop in six
years...
China’s
schools are testing factories. Why is Britain so keen to copy them?
The BBC
will carry forward the great myth that Chinese education is “better” than
Britain’s. A documentary comparing Chinese and British teachers in a Hampshire
school will show Chinese teachers appalled at how disruptive, challenging and
idle British pupils could be. That, by implication, is why Chinese children do
better, far better, in international tests.
Russia
re-submits Arctic claims to UN
Russia
Tuesday (4 August) announced it had submitted a revised application to the UN
seeking the expansion of its Arctic shelf border, rich in oil and other natural
resources. The move is likely to add to the simmering tensions on who has
jurisdiction over parts of the Arctic with the US, Canada, Denmark and Norway
all in the race.
Kosovo
approves war crimes court following EU, US pressure
The EU has
welcomed a decision by Kosovo on Monday (3 August) to set up a special war
crimes court to prosecute former members of the Kosovo Liberation Army (KLA).
“While recognising that this step by MPs of the Kosovo Assembly was not easy,
it is a sign of responsibility and determination to establish the truth and
make decisions compatible with Kosovo’s European path,” EU foreign policy chief
Federica Mogherini said in a statement...
EUObserver
La France et la Russie trouvent un accord sur les Mistral
Le président François Hollande et son homologue russe
Vladimir Poutine ont trouvé un terrain d'entente sur la non-livraison des
navires Mistral, dont la France aura «la pleine propriété et la libre
disposition»...
US urges
halt of land reclamation in South China Sea
Washington
will not tolerate navigation restrictions in the South China Sea, US Secretary
of State John Kerry said at a summit in Malaysia. China and several
Asian countries have disputing claims in the strategic region...
Deutsche Welle
Puerto Rico misses debt payment with string of defaults to
come
Puerto Rico is in technical default on a $58-million debt
bill due Monday, reflecting an economy in trouble amid an extended drought in
the U.S. territory. The island paid just $628,000 toward a $58-million payment
due to creditors of its Public Finance Corp., whose debt is mostly owned by
ordinary Puerto Ricans through credit unions...
CBC
China knocks on the reserve-currency door
Rarely in their 46-year history have Special Drawing Rights
commanded quite so many headlines. SDRs play a mostly arcane role in the global
financial system. Technically they constitute an international reserve asset
that helps maintain balance between countries with big external liabilities and
those flush with cash. In practice, they are more marginal, as countries
largely rely on capital markets and hard currencies to cover their
obligations...
The Economist
Russia accuses Britain of forcing out its diplomats
Russia has accused the British government of forcing out its
diplomats in violation of international law, saying it believes some of the
country's politicians have taken a strategic decision to worsen relations with
Moscow. In a series of statements and interviews this week, the Russian embassy
in London and its ambassador, Alexander Yakovenko, have accused the British
government of trying to "degrade" their work by "squeezing
out" four Russian diplomats...
Reuters
'Rain of ruin': the dropping of the atomic bomb on Hiroshima
August 2015 marks the 70th anniversary of the first nuclear
weapons to be used in warfare. On 6 August 1945, the US dropped ‘Little Boy’ on
Hiroshima, Japan, flattening the city and killing tens of thousands of
civilians. Three days later, ‘Fat Man’ was dropped on the city of Nagasaki...
The Guardian
New Jersey legislator seeks federal loans to bail out state
pensions
A top New Jersey Democrat wants the federal government to
create a low-interest loan program to rescue states with big public pension
problems. State Senate President Steve Sweeney called on Wednesday for a
nationwide pension debt restructuring plan under which the U.S. Federal Reserve
would offer low-interest loans to state governments to pay down unfunded pension
liabilities...
Business Insider
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This special Press Review reviews articles from the French
and Engligh-speaking international online media relating to the unfolding
global crisis.
It is delivered freely on a weekly basis to 60,000
recipients worldwide.
Subscription / Contact: centre@europe2020.org
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