http://blogs.channel4.com/paul-mason...ts-greeks/2921
The ECB is more than a joke. It's hurting the whole continent.There are credible reports that the European Central Bank’s long awaited programme of quantitative easing will be announced on Thursday – but with a sting in the tail. The ECB will, according to the Financial Times, force national central banks in the Eurozone to assume all the risk inherent in the project, and probably exclude Greece.
To explain, quantitative easing involves a central bank creating money and then using it to buy up long term debts: both the debts of countries and things like mortgage debts. This makes money for banks ultra cheap and eventually forces investors to move money into riskier assets – trickling over like the proverbial champagne fountain until it reaches the ordinary Joe, having first filled the goblets of the rich until they runneth over.
But QE as practised by all other countries involves a sovereign central bank managing a unified currency: the Yen, the dollar, the pound. The reason the Germans resisted the ECB printing money is that it would effectively have raised the possibility of transferring risks from one country to another.
Though QE is a monetary measure – aimed at easing credit – because it buys government bonds it effectively becomes a fiscal measure – even when carried out in a single country.
Carried out in the Eurozone, with 19 different tax and spend regimes, it would always have involved risk transfers between countries.
So this design for EuroQE makes sense – but only if you are putting the absolute avoidance of risk transfer, also known as European solidarity, above reviving the whole continent’s economy.
By doing QE on a country by country basis, the ECB is effectively admitting it cannot muster trans-European solidarity; in effect it cannot and will not do “anything it takes”.
Pessimists will see this as a pre-emptive design for the least-chaotic breakup of the Euro. And it is not just a technical issue.
This video doesn't answer the question why. In a clip filmed and released by Zakharchenko's subordinates, Zakharchenko is shouting and badmouthing Ukrainians using kremlin cliches (translation is soft), then two men claim their relatives have houses in Donetsk. So, why is airport stormed, because Zakharchenko can shout bad words or because both sides have houses in Donetsk? I assure you that between Minsk accords on September 25th and January 18th or so, no one was shelling civilians in Donetsk; many people returned to their homes and some are fleeing again now.
Meanwhile, situation in the city has indeed worsened after my optimistic post, destruction is significant. Both sides will blame each other as usual. I too have a question for the reader; firing from mortars at residential areas in center of the city serves no military purpose, but is a great propaganda tool to blame the attacker, so did Ukrainians or Russians shoot at civilians in Donetsk far from the airport? Who benefits from these deaths?
He doesn't explicitly say that they're shelling civilians, but if you know who were they shelling from that airport, you'd know the answer.
Minsk Protocol is worthless. There's no any Ukrainian official. Kuchma? Really? You still believe in it? By sending NOBODY, they proved that they don't want to solve this issue peacefully. They don't give a fuck about Minsk Protocol. They don't care about you, Cynep and you know it very well.
Ukrainians don't benefit from that. Sadly your representatives aren't representing Ukrainians.
So you're saying that NAF bomb that little (compared to what they should have) territory they hold. Just so the population can support them, or what? Okay.
Minsk meeting was just a point in time when Ukrainian attacks really stopped, locals have felt the abrupt stop of warfare and water/electricity disruptions, that's why I mentioned it. The only fighting and destruction in Donetsk until 3 days ago was in the vicinity of the airport. Now the situation has changed.
Yes, both Ukraine and Russia sent non-ranking negotiators - Putin didn't come too, - because also present were representatives of DNR and LNR, not recognized even by Russia and by Ukrainian laws those are terrorist organizations. Officially Ukraine negotiated with Russia and OSCE, not with the terrorists. Still, now Ukraine and the West demand that Moscow follows the accords, it was sort of a western trap for Russia.
Surely those in power don't really care about us lowly commoners, such is life, we're adults and can face the facts. Laissez-faire is all we want from our rulers. And my gripe is Moscow just didn't let us be in Donbass. We had the Orange Revolution, now we had Second Maidan - why invade now but not then?
Yes, I say that the dumbest imaginable thing for Ukrainians is to randomly shoot single mortar shots at residential areas, can you provide a (non-stupid) reason for them to do that? Also, what is NAF?
Good lord! It looks like whoever signed the last signature on the bottom, had a stroke while signing.
Russia Orders Snap Test of Nuclear Missiles
http://www.newsweek.com/russian-army...issiles-300765
Ukraine Says Russian Troops Join Separatists in New AssaultsRussia has ordered a snap drill of its Strategic Missile Troops (RVSN), which control the country’s 305 land-based intercontinental ballistic missiles and nuclear warheads, according to a statement issued by the unit’s high command today.
“More than 1,200 servicemen have been drafted to take part in the test exercises,” Colonel Igor Yegorov from the RVSN said. “Throughout 2015, we have planned at least four similar such drills,” he added.
http://www.bloomberg.com/news/2015-0...r-airport.html
.Rebels and Russian troops in Ukraine’s east are carrying out new offensives, the government in Kiev said, a day after it accused Russia of sending in hundreds of soldiers
Armenia can't count on Russia any more
http://www.aljazeera.com/indepth/opi...934497678.html
An article pointing out the growing dissent of Russia in Armenia.
Russia Braces for Wider Deficit as Oil Drop Curbs Revenue
http://www.bloomberg.com/news/2015-0...es-budget.html
EU Has No Plans to Ease Russia SanctionsRussia is facing its first recession since 2009 as oil, its biggest export earner, trades at the lowest in more than five years, compounding the effect of sanctions imposed by the U.S. and the European Union over the conflict in Ukraine. The shortfall is set to reach 2 percent this year, putting pressure on the government to finance it at a time when its debt may be downgraded to junk, according to Vladimir Miklashevsky, a Helsinki-based strategist at Danske Bank A/S. (DANSKE)
“It is not clear how they will cover the deficit if the western capital market is practically closed off and it is expected that Standard & Poor’s will cut the rating to junk,” Miklashevsky said by phone. “They may reach further into the rainy day funds.”
http://www.wsj.com/articles/eu-has-n...ons-1421653971
Lithuania urges united front on Russia, talks tough on GreeceBRUSSELS—The European Union sought Monday to dispel any suggestion that its united front against Russia was faltering or that members were considering lifting sanctions on Moscow in the near future.
http://www.reuters.com/article/2015/...0KT1M520150120
Hundreds of thousands join 'anti-Charlie' rally in ChechnyaThe euro zone's newest member Lithuania fanned the debate surrounding Greece on Tuesday, saying countries needed to stick to their promises, and called for Europe to show a united front against Russia.
Finance minister Rimantas Sadzius told Reuters that he expected a further fall in the euro as the European Central Bank delivers what he expects will be "efficient, but sufficiently cautious" action this week.
http://www.dw.de/hundreds-of-thousan...nya/a-18200533
Basically the anti equivalent of the freedom of speech movement in Europe and the middle east... in Russia.This is a protest against those who support the publication of caricatures of the Prophet Muhammad," Ramzan Kadyrov, the pro-Kremlin leader of the predominantly Muslim region, told the crowds.
"If needed, we are ready to die to stop anyone who thinks that you can irresponsibly defile the name of the prophet," he added.
Russia, Iran Expand Military Ties With New Deal To 'Confront' The US
http://www.ibtimes.com/russia-iran-e...ont-us-1788410
Looking more and more like we entered cold war 2.0. At least Russia is weaker than the Soviet Union both militarily and economically this time, so chances are it will end sooner than the last cold war.Russia and Iran signed an agreement to broaden military cooperation on Tuesday in Tehran. The agreement included provisions to expand counterterrorism operations, exchange training practices and expand naval cooperation, according to Russian Defense Minister Sergei Shoigu, the Associated Press reported.
Russia may send S-300 missile system to Iran
http://news.yahoo.com/russia-may-sen...141917297.html
In-before "NATO and US shitting their pants".Russia might deliver a long-overdue S-300 air defense missile system to Iran, honoring a contract that was canceled in 2010 following strong pressure from the West, Iranian and Russian media said on Tuesday.
They sure picking outstanding allies... N. Korea and Iran. Like picking the wheelchair kid and the chronic diseased kid for your basketball 3s team.
Actually it's same as recent Western "Charlie" march, and was intended as it's mirror - Muslims showing their unity in defending Muslim values!
Just like West was showing their unity in defending Western values.
Do you think Western values are the only thing worth defending? Well, even if you do, many disagree :P
With Chinese support? Hardly.Russia, Iran Expand Military Ties With New Deal To 'Confront' The US
http://www.ibtimes.com/russia-iran-e...ont-us-1788410
Looking more and more like we entered cold war 2.0. At least Russia is weaker than the Soviet Union both militarily and economically this time, so chances are it will end sooner than the last cold war.