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Posts tagged ‘Nicolas Sarkozy’

Behind The Global – Game Of – Thrones

by

Greek PM Alexis Tsipras yesterday laid out Syriza’s stance, and from what I saw he didn’t pull even one punch. Despite all the suggestions from the financial press throughout the past week that Tsipras and Varoufakis reneged on campaign promises to seek debt write-downs, they didn’t, and never have – other than perhaps in semantics.

Which I don’t find the slightest bit surprising. I would have been very surprised if they had. The misinterpretation, and the faulty expectations, are easily explained through the fact that – most of – these guys are not politicians, which they very deliberately expressed in the way they dressed for their meetings with ‘Europe’s finest’.

They don’t see the ‘space’ career politicians see to negotiate away the mandate their voters have given them. For them it’s simple: we were elected on our program – which in this case happens to be to end the misery forced upon Greece by the European and Troika schemes -, and we’re not going to move away from that just because ‘the other side’ starts threatening us, or (a crucial difference in politics) because our voters may not vote for us again in a next election.

In their view, trying to scare Greece into even more submission, which is the overlying message emanating from Brussels and beyond, is entirely null and void because Greece can’t – and shouldn’t – sink any lower than it has. Very and refreshingly simple. No surprise there, but, at least on my part, just support and admiration. Syriza is fighting the fight many others don’t have the intellect, the chutzpah and/or the courage for.

The first thing they did, apart from hiring back the government offices’ cleaning ladies the Troika got fired, was to say they wanted nothing to do with that same Troika. That to me is the most important statement so far by Yanis Varoufakis and his crew. Because that goes to the heart of why Greece is where it is, and why the entire world is.

I saw a headline last night that said something like ‘Greece doesn’t want to talk to the EU’. But that’s not true. Syriza merely wants the IMF out of the picture. And then it would prefer to talk to separate EU nations and offices, rather than top down Brussels bureaucrats. Not just because of the Colonel Blotto game theory I talked about before, but because they recognize how insidious and ruthless the IMF is. I’ll get back to that in a minute.

The most remarkable ‘news item’ for me yesterday came not from Tsipras (or Greenspan), but from former French President Nicolas Sarkozy, who did something he would never have when he was in office. Sarkozy went against the grain of the official western narrative vis à vis Ukraine and Russia. He said what no acting French president could possibly say (including himself), because as president he would have been beholden to the US and NATO dictated doctrine, that Putin is evil, and Ukraine should be ‘liberated’.

Sarkozy: Crimea Cannot Be Blamed For Joining Russia

Crimea cannot be blamed for seceding from Ukraine – a country in turmoil – and choosing to join Russia, said former president of France, Nicolas Sarkozy. He also added that Ukraine “is not destined to join the EU.” “We are part of a common civilization with Russia,” said Sarkozy [..]. “The interests of the Americans with the Russians are not the interests of Europe and Russia,” he said adding that “we do not want the revival of a Cold War between Europe and Russia.”

Regarding Crimea’s choice to secede from Ukraine when the country was in the midst of political turmoil, Sarkozy noted that the residents of the peninsula cannot be accused of doing so. “Crimea has chosen Russia, and we cannot blame it [for doing so],” he said pointing out that “we must find the means to create a peacekeeping force to protect Russian speakers in Ukraine.” In March 2014 over 96% of Crimea’s residents – the majority of whom are ethnic Russians – voted to secede from Ukraine to reunify with Russia.

That is pretty close to 180º different from what the official western position is. Putin has taken note. Because it destroys everything the West, as represented by Germany’s Merkel and France’s Hollande, brought to the talks in Moscow this weekend (and Minsk today). More importantly, it throws out what NATO wants and prepares for. In the exact same way that Greece seeks to throw out the IMF.

And that is no coincidence. Sarkozy reveals his dismay at being told what to do, when he was in office, by the supranational NATO. Tsipras and Varoufakis refuse being told what to do by the supranational IMF. Same difference. Well, to an extent: Sarkozy did the NATO and IMF’s bidding when he was in office, Syriza never has.

Merkel, meanwhile, ceased resisting Mario Draghi’s mad €1 trillion+ QE program recently, and along that same vein she may today, as she’s talking to Obama in Washington, give up her resistance to the west arming Kiev. Which would be equal to a declaration of war against Russia. The pressure on her is obviously huge and increasing, but Angela should be smart enough to know that it’s impossible for Russia to stop looking out for the Donbass.

Because just about every Russian citizen has family connections in the region, who’ve been shelled by their own government for close to a year now. And if Russia were to retreat, chances are these people will be obliterated in very ugly ways. What Merkel should be demanding at the ‘peace’ talks is for not-so-very-democratically-elected PM Yatsenyuk and his shady government to step down, and nationwide fair elections to be held that include the Donbass. But she won’t.

full article at source: http://www.theautomaticearth.com/2015/02/behind-the-global-game-of-thrones/

The Prospects for European Disunion

Deutsch: 45. Münchner Sicherheitskonferenz 200...

Deutsch: 45. Münchner Sicherheitskonferenz 2009: Der französische Präsident Nicolas Sarkozy beim gemeinsamen Pressestatement. English: 45th Munich Security Conference 2009: The President of the French Republik, Nicolas Sarkozy (ri), Federal Chancellor, Germany at the press statement. (Photo credit: Wikipedia)

by BINOY KAMPMARK

Europe is, economically speaking, in dire straits, and the two most powerful economies on the continent are, at least on paper, led by individuals with considerable differences. The previous French President Nicolas Sarkozy was not merely regarded as a man of austerity but a man Chancellor Angela Merkel could do business with. The Sarkozy-Merkel imprint marks the entire bailout strategy that is now being employed against the Greeks.  It is a model that has ushered in technocratic governments whose loyalties lie less to the citizen than the budget.  Balancing accounts and paying creditors is considered the noble thing to do.  Sovereign interests, at least for those with empty wallets, come second.

Greek efforts to form a government have so far failed, and the Germans are getting agitated.  High up on the list of points that have been discussed between the freshly elected François Hollande and Merkel in their first meeting in Berlin is seeking a unified stance on rectifying the problem.  The issue is how far Merkel will budge, and how far Hollande is happy to yield to Berlin’s hardline approach on such matters as the fiscal compact

full article at source: http://www.counterpunch.org/2012/05/16/the-prospects-for-european-disunion/

Hollande,s French election win

Français : Francois Hollande - Mardis de l'ESSEC

Français : Francois Hollande – Mardis de l’ESSEC (Photo credit: Wikipedia)

PARIS (Reuters) – A victorious Francois Hollande faces a short honeymoon after his election as France’s first left-wing president in 17 years, with financial markets eager for clear signals on his policies and how hard he plans to push back against German-led austerity.

The moderate Socialist beat conservative Nicolas Sarkozy with 51.7 percent of Sunday’s runoff vote after a bruising campaign dominated by the same anger over economic crisis that has felled 10 other European leaders since late 2009.

While jubilant left-wing voters partied into the early hours of Monday in central Paris, Hollande admitted that for him, the festivities would have to be short-lived

full article at source: http://www.euronews.com/newswires/1507366-short-honeymoon-for-hollande-after-french-election-win/

Insider’s secret advice to Merkel: Get used to it

Jean-Marie Le Pen, French politician)

Jean-Marie Le Pen, French politician) (Photo credit: Wikipedia)

By David Marsh, MarketWatch

LONDON (MarketWatch) — In the wake of the first round of the French presidential election, a leaked document from Berlin, conveniently and somewhat revealingly translated into English, has found its way into MarketWatch’s hands.

Confidential

Memo to Chancellor

Bundeskanzleramt, Berlin, 23 April 2012

From [ ] NAME BLACKED OUT

Esteemed Bundeskanzlerin, I am sorry. The results of the first round do not look good. I have to tell you that French elections traditionally propel change in the Franco-German monetary alignment. One of the reasons for monetary union in Europe was, as you may recall, to free us from the old style of doing things. But France is an old nation, and old patterns die hard. The French seem to be becoming more French, just as we are growing more German. So I would get ready, distinguished lady, for another change now.

Read our full coverage of the French election.

CRASH 2: 76 years on, Spain once again holds the key to the future.

From the Slog

For all kinds of reasons (entirely family, nothing to to with GCHQ etc) my posts will be briefer and more sporadic for the foreseeable future. Sometimes, stuff like this puts one’s life back into perspective…but also hones one’s ability to see the key points of significance on a bigger canvas.

The significance of what’s going on in Spain is a case in point. The Spanish Civil War in 1935-6 was a portent of what we could expect from the Nazis after 1939. Once more, 76 years later, the country represents a pivotal stage in the world’s drift into mute acceptance of the will of a tiny group of diseased minds.

Spain holds the key to whether we are going to be a planet of 3% masters and 97% drugged, half-educated serfs thirty years from now.

Chiefly, it is a question of non-compliance.

If Spain refuses to comply with the demands of Bedlam’s inmates, Francois Hollande in France will be encouraged to do the same. Sarkozy is losing ground in the polls: but if Hollande is elected and finds himself surrounded by enemies while stepping over landmines left behind by the bastards, he too will buckle. That’s the way it is with the current crop of politicians

full article at source:http://hat4uk.wordpress.com/2012/04/20/crash-2-76-years-on-spain-once-again-holds-the-key-to-the-future/

Thoughts from the front line

By John Mauldin

Sarkozy: “Problem Solved”, Or… Germany to Sarkozy: “It’s Not Over”

Greece  is having an “orderly” default. The taxpayers of Europe are in theory going to lend €130 billion to Greece to pay back €100 billion in Greek debt that is owed to private lenders. Greece has to pass several difficult tests in order to get the money. €100 billion of debt to private lenders will be written off. Thus the net effect will be that they owe €30 billion more. How does this help Greece, except that they get €30 billion more they cannot pay?

The”new” debt is already trading in the market, even though it has not actually been issued. (Don’t bother traders with messy details, just do the deal.) This page from Bloomberg is just too delicious not to print, sent to me courtesy of Dan Greenhouse of BTIG. It shows the new Greek bonds trading at over a 71-79%discount, depending on the length of maturity.

Note this is AFTER the 53% haircut already imposed. That reads to me like the market value of original Greek debt is now between 12 and 14% of the original face value. Didn’t I write in this letter early last year that Greek debt would ultimately get a 90% haircut? Let me suggest to my critics that what was pessimistic back then may prove to have been optimistic at the end of the day.

Full article at source:http://www.johnmauldin.com/frontlinethoughts/?utm_source=newsletter&utm_medium=email&utm_campaign=frontline

Sarkozy and Merkel : Time is running out for Greece!

By MarketWatch

FRANKFURT (MarketWatch) — French President Nicolas Sarkozy and German Chancellor Angela Merkel on Monday said time is running out for Greece to reach an agreement with international creditors on a new rescue plan. “We want Greece to stay in the euro … this is the opinion of both of us,” Merkel said in a joint news conference after a joint French-German cabinet meeting in Paris, according to Reuters. “But I also say there can be no new Greece program if agreement is not reached with the troika,” she said, referring to the European Union, International Monetary Fund and European Central Bank. Sarkozy said it was crucial for Greece to meet its commitments. “Time is running out, it needs to be concluded, it needs to be signed,” he saidsource :http://www.marketwatch.com/story/story?Guid=2919c965-6ae0-4d96-a377-815208cc9c57&link=MW_home_latest_news

Comment :

Who gave these two the right to dictate to the rest of Europe???

Here is a perfect example of pressure been put on the Independent Greeks to bail out gambling bondholders who did not stick to the basic principles of financial sense and that is to conduct due diligence before investing in a project .They have broken their own rules and now want the Greeks to pay their losses back to them or should I say the Greek taxpayers! Greece will default and Ireland and Portugal will follow in quick succession!

Despite having stooges in the Irish Government who are nothing but gombeens and wafflers we are in no position to continue to meet the never-ending demands for more “austerity measures” coming from the Troika. Irish business is creaking to a halt without the lifeblood of credit flow and honest financial institutions that are regulated on behave of the public by competent independent regulators .

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