logo
The Daily Stirrer

Eurogeddon Postponed Termporarily Due To Financal Conjuring Tricks
by John de Roe.
2011-08-12
The Daily Stirrer brings you opinion and comment on issues in the news that are likely to affect the lives of ordinary people. We therefore focus on economic matters, prices and inflation, jobs and unemployment, health, diet, education and social comment. Our contributors are old gits who are prepared to say what everybody is thinking.
Below our finance expert John de Roe analyses the latest bureaucratic scam that claims to have saved the European single currency but in reality is only another attempt to scam German taxpayers.

Eurogeddon Postponed Termporarily Due To Financal Conjuring Tricks

by John de Roe
12 August 2011

Euroggedon has been temporarily averted again. Jean-Claude Trichet, head of the European Central Bank (ECB) has arrived Superman - like in the nick of time to save the world. There will not be a bond crisis spiralling out of control in Italy and Spain in early August after all. An imminent meltdown of Europe’s financial system has been averted. Until September.

At first glance this looks good but not great. Ultimately European bureaucrats and central banker will have to face up to the fact that the Euro (the European Single Currency) can only be saved by engineering the departure from the community of nations that make up the Eurozone. A German exit from EMU would halt the debt-deflation spiral in PIIGS countries (Portugal, Ireland, Italy, Greece, Spain,) and clear the way for economic recovery to get under way.

Saying that is easy of course, getting it done is a tad more difficult. Unless the ECB is willing to embrace its new role as lender-of-last-resort by making massive purchases of dodgy looking Italian and Spanish debt, it will inevitably be tested in the financial markets. Weaker investors will use temporary rallies to offload holdings onto the ECB, i.e. onto eurozone taxpayers. Frankfurt will find itself underwater very quickly without a legal mandate or EU treaty authority.

Royal Bank of Scotland calculates that the ECB will have to buy roughly half the outstanding negotiable debt of the two countries to defend the single currency. RBS calculates €850bn. I would put it nearer €1 trillion. Unfortunately The ECB does not have any money and is acting as a temporary back-stop until the revamped EFSF bail-out fund is ratified by all parliaments over coming months.

Again that looks simple until we remember the EFSF has no money either. The parliaments of Eurozone nations have not even ratified the earlier boost to €440bn. As of today, the fund has barely €80bn left after all the commitments to Greece, Ireland, and Portugal. The rescue plan is more a fantasy novel than a plan.

As for boosting the fund further to €2 trillion or more – as suggested by Citigroup, RBS, and the European Parliament – we face a little local difficulty across the Rhine,France currently being in trouble itself, Austria being a no no because of the Micawberish eccentricities of local economics, Holland becoming more sceptical about the single currency by the day and Finland and Luxembourg the last of the Eurozone's solvent nations being tiny. With Germany the only nation capable and willing to bail out the Euro yet again, the provincial government of Bavaria, the Social Christians said they will not back one bent Pfennig for extra bail-outs, and the Angela Merkel's coalition partners in the Federal government, the FDP Free Democrats are almost of the same mood. Angela Merkel’s own Christian Democrat Union base grows more restless with every new economic problem that is announced. In any case, such an expansion of the EFSF would set off its own chain-reaction as France and then Germany lost their AAAs and plunged into the debt spiral abyss.

So, obviously markets will turn very nervous once ECB purchases approach the level that corresponds to the EFSF ceiling. They know that the ECB’s German members will fall on their swords rather than cross that line, taking the bond risk directly onto the ECB’s own balance sheet. Falling on swords could commence by the beginning of September as interest payments, become due and another trance of debt has to be refinanced. Gary Jenkins from Evolution Securities has noted that Greek yields fell from 12.43pc to 7.35pc in the week following the ECB’s first bond purchases, only to fly out of control six weeks later.

Whether buying time can solve anything depends on whether investors believe that Italy and Spain can grow their economies sufficiently quickly to break out of the debt traps they find themselves in. If we were on the cusp of a new global boom, then Italy and Spain can make it within EMU’s current structure but all the economic indicators suggest we are heading for another global recession..

If we do go into a global double-dip (defined as global growth below 2.5pc), they have no chance at all unless the ECB throws all caution to the wind, defenestrates the two German members from the top floor of the Eurotower, and embarks on a programme of Quantitative Easing that will have us all taking a wheelbarrow load of cash to buy a box of matches..

Germany might not like that prospect so despite all the talk from Bureaucrats and politicians, nothing whatsoever has been resolved by the latest plan to save the world..

RELATED POSTS:
Britain 'will join euro before long’, says German finance ministerWolfgang Schauble, German finance minisdter has been saying Britain will have to join the doomed single currency system, the Euro, sooner that people imagine. See below exactly what the one world supernation are up to. Also: [">Daily Stirrer, Nov 2011] ... [Debt Crisis ]

Happy Days Are Here Again: Potential New Eurozone Crisis Threatens EU Recovery
The old song "Happy Days Are Here Again" comes to mind as financial news feeds report "Eurozone market wobbles, bank and sovereign jitters. Seems like deja - vu all over again as an old Hollywood tycoon is reputed to have said, or at least it seems like 2012 and 2008 all over again. Yesterday a "mild global sell-off" in the far eastern bond markets was triggered by fears that the liquidity woes at Portugal's Banco Espírito Santo "could spark another sustained bout of eurozone debt angst,"

RELATED POSTS:

EU Chief Warns of 'Implosion' as Trust in Europe Fades
What has the European Union done for us, as the Monty Python tream might have said has they made a movie about the idiocies of the European Union. With the EU close to collapse anyway, the outcome of Britain's in / out referendum is probably academic, but we Brits ave always been a bloody minded lot and some of us still care enough about the future of our contry we would like our descendents to be able to say, 'Yeah our country beat Hitler and it beat the bureaucrats too'

French, Belgians, Dutch, Italians Follow Britain in Euroskepticism
Europeans want us British to lead them out of Europe. Don't be fooled by project fear, the European Union (aka the Euronazi Federal Superstate) is falling apart. There will not be chaos if we leave, there will be chaos if we stay.

Support For EU / US Sanctions On Russia Declining In Central Europe
This is the kind of stuff we and sites like ours have to bring you because you will never see it in mainstream media or on broadcast news. Voices in the EU calling for lifting the anti-Russian sanctions are getting increasingly loud as the sanctions imposed by Brussels and the USA, continue to hurt the nations that imposed them more than they hurt Russia.

European sovereign debt crisis could cause Eurozone implosion – ex-BoE chief
Are government economists and mainstream media finally catching up with what The Daily Stirrer and Boggart Blog’s finance expert Phil T Looker has said since we started publishing? Former Bank of England chief Mervyn King has written an article warning that Eurozone deabt problems pose a bigger threat to the EU than a British OUT vote in the referendum

Johnson’s article lines up his reasons why Britain must exit on June 23rd. It’s time to be brave
OK, I know a lot of you think Boris is most accurately described by a word many people find offensive, but he’s put together a very good argument here on why we must leave the EU. Published in part here under ‘fair use’ terms and conditions, in the public interest ...

Cameron Plays Deal Or No Deal In Europe
David Cameron, who was apparently up all night trying to make other European leaders understand why his country needs a better deal in order to poersuade the prople it is a good idea stay in the EU. Unless Cameron gets what will enable him to sell the idea of surrendering national sovereignty to a Federal European Superstate ruled by a committee of unelected bureaucrats in to the British public he will not campaign for the UK to remain in the bloc

Cameron's Hopes For EU Membership Reforms For UK Torpedoed By Tusk
David Cameron’s hopes of winning serious concessions on sovereignty, border controls, contributions, trade agreements, human rights and labour laws so he could claim to have won a better deal for Britain by the time the in / out referendum starts next year European Union suffered an early blow when European Council President Donald Tusk warned that reaching a deal would be “very tough” ...

The Day The EU Died - Destruction Of Greece Shows True Fascist Nature Of The European Project Some inside information on the political stitch up that has turned GreeThe Day The EU Died - Destruction Of Greece Shows True Fascist Nature Of The European Projectce into a vassal state and humiliated the Greek people for the purpose of furthering the neo-Fascist 'ever closer union' agenda of the bureaucratic dictators in Brussels.

Four Converging Crises Could Destroy Europe
Four great crises around Europe’s fringes threaten to engulf the European Union, potentially setting the ambitious post-war unification project back by decades. The EU’s unity, solidarity and international standing are at risk from Greece’s debt, Russia’s role in Ukraine, Britain’s attempt to change its relationship with the bloc, and Mediterranean migration.

The Greek "White Knight" Emerges: Putin To Give Athens €5 Billion For Advance Gas Pipeline Fees

With Greece teetering on the edge of insolvency and forced to raid pension and most other public funds, ahead of another month of heavy IMF repayments which has prompted even the ECB to speculate Greece should introduce a parallel "IOU" currency, a white knight has appeared out of nowhere for Greece,

Greece Drowns In Debt: ECB Plans For Grexit - Its SHTF Time
When the European Central Bank "leaks" that it is preparing to ride out a Grexit, take it seriously, because it is time to start thinking about what happens on "the day after." First thing that will happen of course is Spain, Italy, Portugal and Cyprus will announce they want out too.

Russia Responds To Threats From EU's Juncker With Typical Bluntness


Russian sabre rattling has been getting the want-war brigade (all the lefties, pacifists and Obama worshippers strangely) very exited recently as they delight in trying to demonise Vladimir Putin (who to be sure is no angel) and push the case for a ground war in Ukraine, Syria, Iraq and Libya. But is is the west that has been behaving provocatively and Russian responses are understandable.

Russia Responds To Threats From EU's Juncker With Typical Bluntness

When E U Commission President, Jean Claude Juncker recently called for a unified European Army his words were aimed at "reacting credibly to show Russia that Europe is serious about defending its values" Not surprisingly Russia has responded Juncker's hot air in a manner which suggests they are amused byhis bluster but regard the threats with contempt.

‘Russian Bomber Over UK' Story ‘Not True At All' – Ministry of Defence
Ministry Of Truth: Ofcom Sanction Russian Broadcaster For Expressing Anti - Western Views

A Eurozone Nation Reports Record Poverty Levels
I suppose I could say 'I told you so', although it would not be strictly true in the context of this blog because it didn't exist when the European Single Currency System (Euro) was launched. But I was telling anyone who was paying attention, via my newspaper column in a local publication that the Euro could not possibly work.

‘Greek revolution spreads 'like wildfire’ across Europe
The poularity of Anti - EU political movements has surged all around Europe in the wake of the Syriza victory in the recent Greek general election. It seems that prior to the European Parliament election las may most European voters had been resigned to their political elites dragging them closer to a ferderal European single state, with the progressive loss of civil liberties, cultural homogenization and losst of national sovereignty and identity that would entail.

If You Believe Mainstream Media You Probably Think Russia Is On Its Knees - WRONG!
Barack Obama, David Cameron and other western leaders have been schlepping their anti Russia schtick around the gatherings of the global elite. The brave talk does not scare the Russian leaders at all, the neo Nazi regime shoehorned into power in Ukraine is losing its war against pro - Russian separatists.

Backslider Cameron Pays £1.7 billion He Promised He Would Not Pay
Remember about this time last year, the EU demanded the UK pay an additional £1.7 billion to the Euronazi project, to prop up the Euro single currency system after the debacle of Greece's economic collapse and ensure the Bankers and Corporate businesses did not lose a penny on their bad loans to the Greek government because the whole debt could be transferred to British, German, Dutch and Austrian taxpayers (all the other EU member states are effectively bankrupt).

Swiss Decoupling Sets The Euro Adrift, Triggers Vast Losses For Banks, And Currency Traders
Nobody is shedding any tears over the news that the deciusion by the Swiss central bank to sever the link that kept The Euro single European currency from the Swiss Franc, it is just another example of really important news you will never read of hear of from mainstream media. It is however bad news for all of us.

Everything You Need To Know About The Greek Crisis. Those people who think I have suddenly become a right wing extremist because I have been supporting UKIP's anti - EU, anti - Global Government stance and their resistance to the political mainstreams war on European cultures by be surprised to know that I was hoping for the Greek General Election to deliver a convincing victory for left-wing party Syriza.

Why Iceland Recovery Is Being Ignored In Mainstream News
Iceland is a small country with less that half a million people so is not a good comparison with Britain. It's recovery from near bankruptcy in the wake of the 2008 financial crisis however is due to the rejection of politically correct, globalist politics so in that light it serves to illustrate that to suggest Britain (60 million people) cannot survive outside the EU is just globalist scaremongering.

European Parliament: Dictatorial Martin Schulz dissolves EEFD Group of Euro-skeptics
The Daily Stirrer has always said that the european Union was not an association of free states collaborating to make trade easier, but a bureaucratic dictatorship under the palsied heel of which the freedom and sovereigfnty of democratic nations wouldf be crushed. Here's an example of an EU Bureaucrat autocratically overruling the democratically expressed with of the voters.
Labels: [Europe] [LWTC]

Ebola, Stock Market, Nuclear War. It's all going tits up. WTF?
Woke up this morning (I know that sounds like the opening of a blues song, but bear with me), leisurely breakfast, watched the news - Osborne wittering about how well they economy was doing (which was an ominous sign), read for a while, drove Mrs T down the shops. Came in, turned on the computer.

Soon You Will Be Able To Give All Your Money To The EU ... or face the consequences
While France's Hollande and Spain's Rajoy are making placatory noises about the unique nature of the Cyprus bank deposit snatch of 2013 was a 'unique situation' and that banks and not depositors should be responsive for insolvency, none other than Dutch Finance Minister Dijsselbloem has admitted what we all knew: DIJSSELBLOEM SAYS LEVY ON WEALTH IS DEFENDABLE IN PRINCIPLE

After Europe's Political Earthquake Scandal, Sleaze, and Corruption Are Gifts for Le Pen, UKIP and Eurosceptics
Our New Unhappy Lords, the smooth faced, soft handed pen pushers and bean counters of europes ruling bureaucratic dictatorship must have though they were coasting towards their goal of integratinf the European Unions member states into a single federal technocracy. Unfortunately for them they voters are not as stupid or apethetic as they imagined, neiher were the politicians of establishment parties as competent as they claimed.

Euro Corruption: This Will Make Globalists Understand Why They Should Have Voted For UKIP
We are faced with demands for larger budget contributions from member states to the cash hungry monster that is EU Bureaucracy. A casual analysis however reveals the only thing the European Union administrative authorities do efficiently is waste our money on vanity projects. A closer inspection however shows bureaucratic incompetenve and vanity is a lesser problem for Europe than the cancer of corruption that has spread through every level of the Union.

If There Is An Anti EU Surge Across Europe What Should Cameron Do?
There is a solar storm of anti European Union feeling surging across the EU, from Finland to Greece. The integrationist bureaucratic dictatorship in Brussels has devivered economic disaster, political chaos and foreign policy humiliation and yet they march on toward the abyss proclaiming theirs is the only way. As the UK Independence Party are one of the largest and best organised anti - EU parties, the shock waves of a protest vote will be felt more acutely in Britain.

Grand Theft Euro When this report popped up on Reuters news feed, market analysts at Zero Hedge thought the article, titled “EU executive sees personal savings used to plug long-term financing gap”, which leaked a proposal by the European Commission, was a hoax. as hours passed without a retraction appearing however, it became apparent that the story is true ...

Financial Crisis? The Dow Has Already Fallen More Than 1000 Points From The Peak Of The Market
The dramatic falls in world wide stock markets over the past week hows that the Daily Stirrer finance expert was correct in predicting this, such recovery in the global economy as has happened since 2008 has been the result of printing money and manipulating the markets. This latest action is part of a massive heist by the bankers to drain the value from our savings and pensions

Death By Debt Of Western Civilization?
As an election looms in 2015, with an echo sounding by election just weeks away, the british economy has bounded into recovery after looking to have stagnated for a couple of years. but is everything as it seems, can we really believe that growth is up while unemployment and inflation are down. Or is it all just more smoke and mirrors.

Former Portugese Leaders Calls For A Debt Default
Mario Soares, the former Portugese first minister has sponen out against austerity measures imposed by the E U and called on Portugese politicians to opt for an Argentine style default.

Deal To Save The Euro Will Cause Bigger Crash Than 2008As Europe Agrees To € 600 billion bail out a Bank of England official warns "Prepare for Lehmans re-run." Banks and traders must prepare for a devastating market seizure as governments grapple with the escalating economic crisis in Europe, Robert Jenkins, a member of the Bank of England Financial Policy Committee of the policymaker has warned.
The European Court Of Human Rights - A Millstone Round Britain's NeckEurope has be4en a bugbear for years at the bureaucrats of Brussels tried to hijack more and more of Britain's sovereign powers. The biggest threat to our national sovereignty however is the European Court of Human Rights which tries to encroach on the lawmaking role of our elected parliament. If David DCameron and Nick Clegg want to save their government they must stand up to the federalists now.
Europe's Crisis Is Going To Get A Lot More InsaneHow would you go about solving your personal debt problem if your credit cards were maxed out, your overdraft wasd on it's limit and your income would not stretch to buying basics after all the interest on your morthgage and loans had been paid.? Go to a loan shark? Of course not, that should be a no brainer even for politcians and bureaucrats. But it is exactly where Europe is heading.

Meanwhile As Punters Suffer Brussels Bureaucrats Throw Away Money As If It Is Infected
European Commission bureaucrats have squandered millions of pounds on bizarre projects that provide little or no benefit to member states, it has been revealed. Wasteful schemes include spending £20m on building three ports in Spain and Italy that remain unused four years after their completion and sending a ‘blogging donkey’ equipped with a solar panel and a video camera around Europe as part of ...

The Folly Of Trying To Inflate Away DebtAs the debt crisis grinds on and the creit crunch mutates into the credit famine the clueless politicians and even more clueless economists and academics who advise them can only think of one course of action. That is to inflate away their debt problem by devaluing currency to the extent at whic a bag of potatoes or wheat grain costs $£€ 1 trillion. Inflation is the cruellest tax, destroying the savings and pensions of sensible people and rewarding irresponsibility.
The Euro Crisis Gets Political Worrying news from Europe: The Dutch government has failed as the euro crisis continues to claim political victims [...] PM Mark Rutte's resignation was not widely predicted. After more than seven weeks of negotiations, the über-populist PVV party, led by Geert Wilders, withdrew its support for significant budget cuts, many of which were demanded by the EU, and for the minority government itself. Rutte seemingly saw no alternative to ...

Feeding The MonsterAs Spain's economy nears collapse and economists call for Europe's taxpayers to stump up still more money for a bigger bailout fund to save bankrupt nations, The Daily Stirrer economic expert under his new nom de plume explains why efforts to save the Euro are throwing good money after bad.
The Eurozone slow Motion Train Wreck Is Still HappeningSome people, even among the well informed crew of sceptics who read The Daily Stirrer may have been taken in by all the politicians' lies and the official statistics based on manipulated data, and believed things could only get better. Well no matter how many band aids the New World Order stick over the gaping wound in the global economy, the blood soon starts gusing out again. It's the debt you see, no matter how much money is ...
More EU Rebels Follow Spain In Defying Burssels Diktat.
Over the course of innumerable crisis meetings European leaders have tried and failed to produce the right result for a glorious photon oppotunity: extravagant triple-kiss greetings, toothy grins, and wistful stares between Angela Merkel and Nicolas Sarkozy. Last Monday night in Brussels however the stage management went horribly wrong: Jean Claude Juncker, head of euro zone finance ministers group, was snapped strangling his Spanish counterpart.It was all a big joke of course...
Federal Exchange Ignores The Goal Posts, Moves The Stadium.
The US central bank, the Federal Exchange, in calling for another round of stimulus is operating a policvy of devaluation by stealth. Meanwhile the international finance community and global government agenda people like the EU commission and the Bilderberg group, while supporting the Fed are moving on a more sinister agenda.

Debt - The Elephant In the G20 Room
Forget the trouble in Syria or the brewing global conflict, the real problem still, the one all globalist politicians and New World Order financiers are trying to gloss over is debt. And it is gretting worse. Like as frog on boiling water the population are being lulled into an illusion of security so we will all be complicit in our enslavement. It is time to wake up.

The Greek Mess, Germany and A Final Solution?As European Leaders meet to discuss their latest wheeze to save the single European nation project by continuing to deny that the Greek economy is FUBAR, The Daily Stirrer again argues that the global economic crisis will not be resolved until politicians and economists understand the basic rules of finance like 'Don't spend money you haven't got.
Greek trump card fails as stronger Europe shrugs off break-up threat
The European Union's strongest economies and institutions for the first time gave a clue that they are willing to risk a Greek default and the departure from the European Monetary System (EMS aka The Euro) if Athens refuses to comply with austerity demands. The governments and central banks calculate that the eurozone is now ...
At Least Britain Has It's Own Currency Dukle Of York Tells EU Single Nations Proponents
The Daily Stirrer does not have much time for Royalty and so we seldom mention them. But when a Royal Prince (fat Andy) stands up for British sovereigny and by extension the national sovereignty of the EU's other member nations which is gradually being eroded by the unelected bureaucrats in Brussels, fair play to him.
Addressing an audience of businessmen attending the Davos summit in Switzerland, the Duke urged

Europe Does Not Just Have A Debt Crisis But A Crisis Of DemocracyEurope's debt crisis and the possible collapseb of the Euro zone are exercising many political commentators. But is the crisis just about debt and saving the single currency or is something more sinister going on. Are we witnessing an attempt to dump democracy and impose a totalitarian oligarchy?
Euro Zone Gazes Into The Abyss As France Loses Its AAA Credit Rating
Stock markets fell sharply in late trading on Friday (13 January - oo-er) and the Euro zone single currency plunged against all other major currencies as Standard and Poor’s cut France’s AAA rating. Habitual debtor Italy saw its long-term rating dropped by two notches, along with Spain, Portugal and Cyprus. Malta, Slovakia, and Slovenia had their ratings lowered by one notch. A surprise victim of ...

Euro Zone Crisis: The Decline And Fall Of The Bureaucratic EmpireEuro zone leaders continue to insist the single currency must be saved even though any fool would recognise a dead parrot when they see one. So why are they prepared to sacrifice the furture for the single currency project. And was it ever really about money?
EU Bond Crisis Worsens
Portugal edged closer to financial disaster yesterday, as a downgrade of the nation's credit rating resulted in the central bank having to pay almost 6pc to raise two-year debt. The yield on 10-year bonds briefly surged to 7.8pc as Chinese ratings agency Dagong downgraded the country's debt rating to BBB+.

European Leaders Agree Deal On Eurozone Bail Out Fund
TODAY: European leaders managed to reach an agreement on how to tackle the debt crisis afflicting the nations using the single currency, in the early hours of this morning. The deal was only concluded after significant concessions from Germany.

Smoke and Mirrors Blur Inflation Statistics Leading economist Simon Ward has accused The Bank of England of using "smoke and mirrors" to present official forecasts for inflation. With the annual rate of price rises currently double the official target at 4pc and showing signs it will keep rising, the Bank's central projection that the rate should return to 2pc next year is looking like pure fantasy. Mr. Ward, chief economist of global investment fund Henderson's, thinks the Bank is ...

Portugal Pays More For Credit
The credit reating of the Portugese government was lowered by Moody's rating agency yesterday ahead of a bond auction in Lisbon.
Debt due for redemption in June 2012 was issued at an average yield of 5.9%, compared with 4.3% at a sale of twelve month bonds on March 16.

Central Banks Print Money But Fail To End Crisis
The world's central banks have pumped £3 trillion into the global economy since the beginning of the financial crisis in 2008. This represents the equivalent of 8pc of the world economy, according to an analysis by Fathom Consulting. The figures will intensify fears that the extra cash flooding the system is ...

New Economic Headache For Obama
The scale of the slowdown in US growth this year will be underlined by new figures to be released this week. The statistics will raise more questions about whether the world's biggest economy can regain momentum. High growth rates in recent quarters have been due solely to the Obama administration's loonytoons economic policy of printing money to try and ...

Obama Threatens US Debt Default If Government Not Allowed To Borrow Money To Pay Debt Interest
You just have to look on slack jawed that the antics of Barack Obama, putative President of the United States of America, one known as the most powerful nation on earth but now due to several decades of politically correct thinking in high places and just two years of this half - educated clown at the helm a laughing stock internationally and the despair of ...

Britain On Edge Of A Double Dip Recession?
The eagerly awaited figures for GDP growth in the first three months of the year were published yesterday. The disappointing news was that the UK economy grew only 0.5pc in the first quarter of 2011, the Office for National Statistics (ONS) revealed. This rate of expansion in economic activity does no more than offset the 0.5pc contraction in the final quarter of 2010. “Excluding the impact of the snow in December, the preliminary GDP figures suggest that the economy has ...

It's The Sovereignty, Stupid.
The Daily Stirrer brings you opinion and comment on issues in the news that are likely to affect the lives of ordinary people. TODAY: President Bill Clinton swung the 1992 presidential election campaign in his favour when his chief political strategist, James Carville, hung a sign in the Clinton campaign HQ that read, “ It's The Economy Stupid”. Yesterday as the German economy boomed voters sent Angela Merkel a different message.

Eurozone Small Nations Sovereignty Threatened By Debt
Eurozone debtor nations face sovereignty issues caused by the bail out as the Euro fails.

IMF Warns Obama - Cut Deficit Or Else As Bond Traders Short American Bonds
The International Monetary Fund has warned barack Hussein Obama's administration of incompetents the US should quickly start to make a 'down payment' on tackling its budget deficit, as it emerged that the world's biggest bond investor is shorting the country's bonds.

Investment Banks To Be Split From Retail Banks To Protect Savers
A new review of the Banking industry carried out for the government has recommended British banks should have to have to separate their retail (current account) deposit and savings and investment banking arms to ensure that ordinary savers money is not put at risk as it was before the 2008 'toxic debt' crisis plunged the leading ...

Inflation The Big Threat To Recovery Today's report highlights the concerns of business leaders who, while supporting the coalition goverment's austerity measures aimed at controlling the rinaway public sector deficit are worried that inflation and the crisis in the euro zone may still derail the economy. Factory Gate Inflation Hits Two Year High
The so called 'factory gate index', the price of goods leaing British factories hit its highest rate in more than two years in March, official figures showed, raising fears about inflationary pressures feeding through into the general economy. Factory gate prices – what manufacturers charge for their products – rose 5.4pc over the year, the ...

Obama Administration Paralyzed By Budget Deadlock
Failure to agree a budget for the coming year with the Republican controlled House of Representatives plunged American President Barack Obama's administration into crisis last night. With only hours to go before the deadline at which funding to US Government operations will be cut off the gap between team Obama and ...

Greece will have to leave EMU whoever is leads the government
A Finance Broker

Latest Posts

Elsewhere: [Boggart Blog]...[Little Nicky Machiavelli]...[Scribd]...[Wikinut] ... [ Boggart Abroad] ... [ Grenteeth Bites ] ... Ian Thorpe at Flickr ] ... [ Tumblr ] ... [ Ian at Minds ]

CREATIVE COMMONS: Attribute, non commercial, no derivs.
KEYWORDS: euro, europe, single, european,currency, finance, economics, debt, inflation, germany, france, austria, bureaucrats

If you liked this, please give it a boost

Bookmark and Share

Close Window and return to menu
News Feeds (Go back to top) <
BBC News
CNN

SITE SEARCH
find keywords on this site

Enter keywords& choose search engine:

Google: Yahoo: MSN:

This free script provided by
JavaScript Kit

INFORMATION & NAVIGATION

navigate

navigate

CATEGORIES

Fiction
Animal related
Art Menu
America:
Belief, Faith and Religion
Big Data And The Surveillance State
Catalogue of the Bizarre
Our posts on the Brexit saga
Celebrity mocking and knocking
Climate and Environment
Comedy, Satire, Humour
Debt Crisis and Money Matters
Driven To Drink
Europe index of posts
Posts on far east
The trade and commerce catalogue page
Germany - index of posts
EU Immigration crisis
Cultiral Clash - Islam Versus Multiculturalism
Education Menu
Fear and Panic
Globalisation - the enemy of freedom
Geoengineering: Science versus Humanity
Health Menu
History - new perspectives
Immigration crisis
Humanitas
ISIS and the Middle East War
Jobs Crisis
Living Within The conspiracy
Middle East
Nanny State and The Thought Police
Past Perspectives
Philo & Sophia
Politically Correct Stupidity
Fools & Dreamers
Politics and Economy
Recommended Reading
Science and Technology
Sex and sexuality
Sport
Syria -learn what really happened (catalogue) UK politics
Weird and Supernatural
World Politics
SNACKS (sub topics)
The Ageing population
age
Religion and spirituality
Climate Change
Comedy and Humour
Education is overrated
The environment
Europe
Health
Internet Technology
Jobs and employment
Money and finance
Myths and traditions
Nanny Orwell
People and Places
Science, technology
Society
UK politics
War
World Politics

Our Internet Places
Scribd
Blogster
Ed Butt at Bubblews
Wikinuts
Boggart Blog
Little Nicky Machiavelli
Boggart Network News
Greenteeth Bites
Greenboggart
Boggart Blog Central
Daily Stirrer briefing
Boggart Network News
BOGGART BLOG ARCHIVES
BBselect001
BBselect002
BBselect003
BBselect004
BBselect005
BBselect006
MULTI MEDIA
Spoken Word
Video
Music
Graphic Art

Home
Top Of Page
Back Catalogue
Our Comments
FEATURESThe Daily Stirrer
Boggart Blog Central

Comedy Main
Comic Verse
Cartoons
A Tale Told By An Idiot
General
Fiction
History
Thought
Poetry
Science & Technology
Elsewhere

Boggart Blog Daily
Little Nicky Machiavelli
This writer at Authorsden Gathering
Delicious Greenteeth
Boggart Network News
Boggart Network News

More From Around The Labyrinth

LATEST POSTS & COMMENTS

March 2020

Will the meaures put in place to stop COVID-19 coronavirus help save the environment? The measures put into place due to Covid 19 seem to be having a positive environmental impact reduced pollution etc Is it possible that humanity can work together to continue the activities that lead to a cleaner environment? Question posed on Quora.com

Scientist who convinced Boris lockdown was the only way to beat coronavirus criticised many times for flawed research

The scientist whose mathematical models of how the coronavirus would spread in the UK and the wildly exaggerated estimates of how many deaths might result from the epidemic reportedly led to the decision to implement a countrywide lockdown and trash the economy has been criticised in the past for flawed research.

Has The World Health Organisation Been Helping Chinese Coronavirus Cover Up
Many people suspected as far back as January, when stories about an epidemic of a new virus began to leak out of China that we were not and would not be told the whole story. The virus infecting thousands of Chinese in the large inland city of Wuhan was, we learned, a strain of corona virus, the genre that infects us with the common cold, influenza and a host of other infections of varying seriousness.

Coronavirus deaths: Are The Authorities Deceiving Us?Yesterday we reported that a Canadian outfit had carried out an analysis of China’s response to Coronavirus and concluded that while politicians and academics (aka “scientists” or “experts”) are heaping praise on the way the regime in Beijing has contained and controlled its epidemic, the Chinese have actually been lying, the epidemc is still raging and numbers of infections and deaths from COVID – 19 are far higher than reported,

Is This The Smoking Gun That Proves China Has Lied About The Coronavirus Outbreak
With the number of confirmed cases of, and deaths from coronavirus in Italy, a nation of 63 million people having now surpassed the number of infections officially admitted by the government of China, a nation of 1.4 billion and the nation where the news strain of coronavirus, COVID – 19 was first observed, it was obvious to the realists among us that the Chinese government’s claims to have contained the virus were deeply suspect and further claims that the outbreak were under control were as reliable as reported sightings of The Tooth Fairy ...

As We Predicted The Coronavirus bill Is The Biggest Assault On Freedom Since World War 2
Things have gone so far beyond what can be considered a rational response to an outbreak of a highly contagious but for most people relatively minor illness that I am starting to believe even the conspiracy theories I know I made up myself. Along with my fellow Boggart Bloggers I predicted weeks ago the current outbreak of the so - called coronavirus would see a massive hyping of the threat level leading up to an assault on our freedoms. And that is exactly what we have seen happening over the past week.

Germany’s Official State TV Channel Cheers Coronavirus For Killing Old People
Trawling around the weirder fringes of the web, as we bloggers and cyberjournalists are sometimes obliged to if we want to bring you the news the mainstream will not report, one occasionally comes across something important but disturbing – like being brought face – to – face with how sick and warped the far left ecopsychos really are. Take a sketch recently broadcast as part of a satirical show the title of which translates as Bohemian Browser Ballet, shown by German state broadcaster ARD.

UK To Ask Citizens Over 70 To Self - Isolatate For 4 MONTHS As Coronavirus Fails To Kill Zillions UK Health Secretary Matt Hancock today confirmed the government plans to ask people aged over 70 to isolate themselves for up to four months amid a coronavirus pandemic. The goal is to protect them. It's quite obvious to us, experienced bloggers that we are, that the government, civil service, law encorgement and national security agencies and all the assorted experts and talking heads have forgotten the lesson our generation learned from The Hitch Hiker's Guide To The Galaxy ...

EU States Rebel Against Brussels As Van Leyen Demands Borders Stay Open
The cracks in European solidarity are growing deeper by the day as the coronavirus crisis threatens to split the bloc. The response of European leaders has varied from panic, as several member-states have takeen unilateral action including severe border closures, to a laissez - fair attidude, notably from France's idiot president Emmanuel Macron who favours total inaction, having said complacently that viruses don't recognise borders.

US John Hopkins University Prof Says Don't Believe Corona Virus Numbers
The number of confirmed cases outside of China roughly tripled once again this week, and if this outbreak continues to escalate at this pace there will be more than a million confirmed cases in less than a month. But as bad as the official numbers are, the truth is that there are a whole lot more people walking around out there that have caught the virus but have not been tested.

University free speech society told free speech a 'red risk', external speakers must be vetted

Sheffield University’s recently formed Free Speech Society has been warned that free speech is a “red risk” and all external speakers at events it organises will have to be vetted by the University Thought Police squad and the topics they intend to talk about shown to be in line with ideas and opinions the titty - sucking babies who run the Student Union are not frightened by. Coninue Reading

Biden the Democrats least hopeless hopeful? Or is he?
A senior U.S. Republican reportedly said recently that the most difficult ticket Donald Trump could face in the next election would be Joe Biden partnered by Elizabeth Warren. This was not, needless to say, because Biden was a brilliant debater or a lethal political adversary. “If he was any stupider, my you’d have to water him”, the anonymous Republican quipped.See also >>>

Black Man Kicked Out Of Labour Party For Telling The Truth About Islam
Trevor Phillips, a life long campaigner for equality and former chairman of the Equality and Human Rights Commission, has been suspended by The Labour Party and faces an investigation and could be expelled from the party over comments made some years ago amout the unwillingness of many Muslim immigrants to integrate into British society and particularly about the treatment of women in Islam.More on Labour Party

Underage Girl Used Like ‘Piece of Meat’ By ‘Asian’ Grooming Gang
Four “Asian” men have been found guilty for their roles in sexually grooming a 15-year-old girl, who the court heard the men passed around like a “piece of meat”. The grooming gang members were found guilty of rape and conspiracy to pervert the course of justice. The men were convicted at Sheffield Crown Court on Wednesday

Spain Arrests People Traffickers And Drug Smugglers Crossing From North Africa in Speedboats
Spanish police announced the arrest of 90 people involed in a smuggling rackets that moved both people and drugs from Africa to Europe. The Civil Guard released a statement today stating that the smuggling network regularly moved people and drugs from Ceuta, a Spanish enclave in northern Africa to The Costa del Sol in high powered semi inflatable speedcraft of the type often used to move illegal immigrants from Libya to Italy or Turkey to Greece.

Turkey Kills Over 50 Syrian Troops, Russian Warplanes Intervene to Halt OffensiveTurkey Kills Over 50 Syrian Troops, Russian Warplanes Intervene to Halt Offensive
Conflict in Syria’s Idlib Province has escalated during the past week, with Turkish forces attacking the Syrian army and claiming to have killed over 50 soldiers. Russia, the main Syrian ally in the conflict, took the pressure off Assad and sent a clear message to Turkey’s President Erdogan by sending in warplanes to halt to Turkish assault ...

Le Pen Calls For Referendum To Stop “Submersion” Of France Via Mass ImmigrationMarine Le Pen, leader of the French Rassemblement National (National Rally) has called for a referendum on immigration policy to stop what she called the “submersion” of France via a “globalist” program of mass immigration. Speaking in a debate on problems caused by mass immigration, Le Pen told the French Parliament that the political establishment had betrayed French people ...

EU Borders at Breaking Point as Migrants Shipped to Frontier
This blog has always tried to point out to the lefties who screech about “open borders” that the European Union commitment to free movement of Labour only applies to citizens of EU member states moving withing the Union. They are closed minded and bigoted on the subject of course, “open borders” facilitating the movement of hundreds of millions of uneducated third world peasants to the developed nations is one of the sacred cows of their ideologically driven agenda ... Continue reading

February 2020

U.N. Chief Guterres Wants To Redistribute Power & Wealth and Fight ‘Gender Inequality’http://www.greenteethmm.com/equality-women-united-nations.shtml
That The United Nations Organisation has ambitions to become a world government is well known, this site and many others have reported it's moves and agendas for years. Now it seems the U.N. has become part of thatcabal of supra - national bureaucracies and, to borrow a line from a Paul Simon song, loose affiliations of millionaires and billionaires such as The Bilderberg Group and the World Economic Forum. Their latest move to impose cultural uniformity on the world however, is only going to lose them credibility

Physicists accidentally stumble upon mind-blowing new material
American physicists believe that they have discovered a strange state of matter entirely new to science. uSch unintentional breakthroughs never seem to happen anymore. Western university-industrial complexes are burdened with paperwork, and huge resources are devoted to ethical and health and safety requirements. These modern innovations have their benefits, of course, but they do have a major downside ...

Via TruePublica.org, 26 February, 2010

Google (corporate motto: don't be Evil, that's our job,)is planning a move that will force ir's British its British users to agree that their accounts be moved out of the regulatory jurisdiction of European Union privacy regulators, instead placing them under US jurisdiction instead, the company confirmed on 19 February. The move is intended to prevent the UK government from acting to protect UK internet users' data after the nation separates from the EU at the end of 2020.

A deadly sickness is sweeping across Ethiopia – and no one knows how or why it came to be

For most of this month the news has been full of the coronavirus outbreak in China, and the possibility this will turn into a pandemic like the Spanish flu' outbreak in 1919 which killed millions of people worldwide. First we need to allay freas spread by scaremongering propaganda aimed at diverting public scrutiny for several very unpleasant and undemocratic agendas currently being implemented by the ruling elites ...

VW Audi Suspends Electric Vehicle Production Due To Battery Shortage
Today in “news that affects all electric vehicle manufacturers”, Audi has announced that it has suspended production of its e-Tron electric SUV effective February 20 and won’t resume untilfurther notice. The suspension has been a resolve of “resolving production issues”, which are mainly attributed to bottlenecks in battery supply, according to Business Insider.

Worst polluting coal and wood fires banned in fight to cut emissions
Domestic coal and certain types of wood are to be banned from sale from next year in a bid to cut air pollution, ministers will announce on Friday.

Macron Vows to Fight ‘Islamist Separatism’ with New Reforms

French President Emmanuel Macron has declared his government will fight against “Islamist separatism” with reforms including ending residency for foreign imams.


Switzerland’s environmental agency announces national moratorium on 5G
This blog has warned about the health risks of 5G wireless technology before, almost from the moment it was announced people who understand this technology (and two out of the three of us do,) have been saying that while there is always a risk from electro – magnetic radiation, with earlier technologis it was easily manageable if a loittle common sense was deployed. The exponentially higher intensity of 5G frequencies however, takes the health risks to humans to a whole different level.

Criminal damage in Cambridge reveals the police soft peddaling on Extinction Rebellion crimes Nobody is allowed to walk on the grass outside Trinity College Cambridge. I suppose an exception might be made if you were a 365-year-old don who once lolled under the famous apple tree with Sir Isaac Newton (probably a couple of those old fellows still holed up in the port cellar).

Otherwise, set one foot on that sacred turf and you will soon find yourself experiencing the full force of Newtonian gravity; rugby-tackled to the ground by a puce-faced porter in a bowler hat.

Germany's ruling party split over how to respond to AfD
Germany's Christian Democrat party (CDU) is as deeply divided as Britain's Labour Party over how to respond to the upsurge of nationalism. Facing a serious challenge from the nationalist (but not far right please, they are not that,) Alternative for Germany party (AFD) the CDU seems pitifully unprepared for departure of the Chancellor Merkel at a point when Germany its facing most serious political and economic crisis for decades.

Afer EU Engineered Hiatus Italy Heading For New Elections?
Matteo Salvini's Lega are by far the most popular political party in Italy and have been for some time, only a stitch up engineered by the Brussels bureaucracy has kept them out of power. But Brussels determination to prevent any Eurosceptic party becoming part of a governing coalition in any member state reveals the true, authoritarian nature of the European Union.

Sweden dystopia omnibusSwedish Communist Party: The Left Has Abandoned the Working Class For Migrants & LGBT issues
Are the left getting it at last? Is the message sinking in that the grass roots movements have been infiltrated and hijacked by middle class intellectuals. Are they starting to realise that the obsession with identity politics has supplanted income inequality, housing availability, jobs and the cost of living ... ?

Is the World Health Organization involved in biological warfare research?
Dr. Francis Boyle, a professor of international law, talked in a recent interview with about the Wuhan coronavirus now sweeping through the far east, laboratory in Wuhan, China, where the genetically modified virus appears to have originated, and the World Health Organization’s (WHO) clandestine involvement in biological warfare research ...Continue reading

13-year-old fights school policy allowing ‘trans girls’ into girls’ changing room February 7, 2020 (Paul Smeaton, LifeSiteNews) – A 13-year-old UK girl is taking her local council to court after it issued guidance that would allow boys who identify as “transgender girls” to access girls’ bathrooms, changing rooms, and dormitory rooms on student trips.
The guidance was issued last year as part of the Oxfordshire County Council’s “Trans Inclusion Toolkit for School 2019” project.

RACIST BRITAIN: ‘Black Studies’ Professor Says British Empire Was Worse Than Nazi GermanyBritain’s first professor of “Black Studies”, (yes you can get a Mickey Mouse degree from Toytown University in Black Studies,) who is aquiring quite a reputation for uttering ‘hate speech’ against Britain and white people in general, has now opined the British Empire did “far more harm” than Hitler’s Germany, and branded “whiteness” a “... Continue reading”.

Big Pharma billionaire charged with conspiracy and bribery of doctors
Not long ago it would have been inconceivable that one day a Big Pharma company founder and owner would be arrested for running a criminal drug cartel, but that is exactly what happened a few days ago. “Federal authorities arrested the billionaire founder and owner of Insys Therapeutics Thursday on charges of bribing doctors and pain clinics into prescribing the company’s fentanyl product to their patients ...

Coronavirus Contains “HIV Insertions”: Claim Stokes Fears Over Genetically Modified BioweaponFor the past two weeks mainstream media reporting of the epidemic of a new strain of coronavirus in China has been getting more and more hysterical. However, reports have pushed back against one "conspiracy theory" about the origins of the virus that has now infected as many as 70,000+ people in the central China city of Wuhan alone (depending on whom you believe).

Corona Virus: Should We Worry
The official data coming out of China and from other sources including the World Health Organisation (WHO) on the spread of the Wuhan coronavirus continues to suggest an exponential growth rate. With more and more infectious disease experts are now openly calling the virus a full-blown global pandemic, many people are asking should we in the west be worried and how bad might things get?

The Islamic Republic Of France
France’s left-wing elite are accused of cowardice for failing to support 16-year-old girl facing death threats after she insulted Islam online, the ruling class have been also accused of cowardice for failing to support a 16-year-old girl who has faced death threats after she allegedly insulted Islam online.

Clinton Kill List To Determine Who Will Be US 2020 Presidential Candidate?
And then, in accordance with Murphy’s law, which states just when you think things can’t get any worse, they do, Hillary Clinton has emerged, having found what she obviously thinks is a sure – fire route to the presidency, to offer her services as vice presidential candidate to whoever wins the nomination. And just to show how far The Democrats are removed from reality, many leading figures in the party and the left leaning media think it’s a good idea.

January 2020

Coronavirus Contains “HIV Insertions”: Claim Stokes Fears Over Genetically Modified Bioweapon
The theory that China obtained the coronavirus via a Canadian research program, and started molding it into a bioweapon at the Institute of Virology in Wuhan before it somehow escaped could be an attempt by the establishment (the Davosocracy,) to spread fear and panic as they see resurgent nationalism across the developed world and growing scepticism about

Italy most likely member to quit the EU and demand independence after Brexit -shock poll 23:01 (11 pm) 31 January, the United Kingdom is no longer part of the European Union.

Throughout the day, the last on which the UK will be a member of the European Union, more than 7,000 people took part in an online, and completely meaningless except as a gesture, poll which asked which nation they thought would be next to leave the 27 member bloc ...

US Democratic Party Orders Google To Spread Globalist Propaganda
The U.S. House of Representatives Select Committee on the Climate Crisis has demanded, in a letter to Google CEO Sudar Pichai that the Internet Search giant demonetize climate skeptics, and provide 'education' to millions of people who have been exposed to “dangerous misinformation”. Key actions demanded of Google by The Democrats are:

Time is NOT real: Physicists show EVERYTHING happens at the same time

The concept of time is simply an illusion made up of human memories, everything that has ever been and ever will be is happening RIGHT NOW. That is the theory according to a group of esteemed physicists who aim to solve one of the universe’s mysteries.
Most people do not even consider the concept of time but there is nothing in the laws of physics to state that it should move in the forward direction that we know. The laws of physics are symmetric ultimately meaning that time could have easily moved in a backward direction as it does forward. Indeed some adherents to the ‘big crunch’ theory say time WILL run backwards when the universe stops expanding and starts contracting back in on itself.

The BBC is panicking at the public’s rejection of its arrogant Left-liberal worldview
This is nearly over – this weird disconnect between what most of us understand as reality and the world as seen through the eyes of an all pervasive Authority that was apparently appointed (although we never knew by whom) to establish the limits of public discourse. The crisis of confidence at the BBC – and make no mistake, it is a full blown, all alarm bells ringing, catastrophic crisis ...

The grooming gang cover-up is Britain’s real racism scandal

Forget pathetic 'Princess Pushy' Megan Markle petulantly playing the race card when she found life in the goldfish bowl occupied by Britain's Royal Family was not to her liking, the grooming gang cover up is Britain's racist scandal - and it is far worse than the trivialities that get American libtards screaming about "White Privilege ..."

John McCain’s Widow Comments on Jeffrey Epstein’s Sex Trafficking ChargesJohn McCain’s Widow Comments on Jeffrey Epstein’s Sex Trafficking Charges


Speaking at a human trafficking event in Florida, McCain revealed that her family was quite familiar with Epstein’s wrongdoings as one girl from her daughter’s high school was actually among the financier’s underage victims, then suddenly acknowledging that she “knew” about his crimes.
More posts:

French Intellectual Jailed for Calling Mass Immigration an “Invasion”
French intellectual Renaud Camus (above) has been conditionally sentenced to 2 months imprisonment for arguing that mass immigration in Europe represents an “invasion.” Summit.news reports: The writer, who is the author of Le Grand Remplacement (The Great Replacement), was charged with “public incitement to hate or violence on the basis of origin, ethnicity, nationality, race or religion.”

“Hard” Of Hearing? PornHub Being Sued By Deaf Man For Lack Of Subtitles
We read today that sex supermaket site PornHub is being sued by Yaroslav Suris, who has filed a lawsuit claiming that its lack of PornHub’s lack of subtitles for the hard of hearing is discriminatory. Suris’ bone of contention is that the website violates his rights under the Americans With Disabilities Act, according to showbiz gossip site TMZ, which broke the story ...

Quitaly Back On As Salvini Prepares To Take On The EU
While the bureaucraps of Brussels were still congratuating themselves on forcing Matteo Salvini’s Lega party out of Italy’s governernment, mainstream media barely bothered to cover the news that Lega won the state elections in Umbria towards the end of October 2019. Thus the story that should have had Europhiles like Emmanuel Macron and Guy Verhofshit crapping themselves was barely noticed.

Police Failed To Act Against Muslim Grooming Gang Due To Fears Over "Community Tensions" A new report based on the evidence of former Grester Manchester Police Detective Constable Maggie Oliver acknowledges that the force failed to stop dozens of girls being groomed and sexually exploited by a network of Pakistani men despite being fully aware of what was happening due to fears over creating “community tensions.” The report notes that the instruction to avoid prosecuting came "right from the top ..."

Asian grooming gang given free pass to rape; police officers told ‘find other ethnicities’ to investigate – detective.
A report published today, authored by child protection specialist Malcolm Newsam CBE and former senior police officer Gary Ridgway, comes following the reopening of an investigation into the death of 15-year-old Victoria Agoglia, who – after years of abuse and days after she was injected with heroin by a 50-year-old man – died in hospital of an overdose in 2003.

Greta Thunberg Slams Australia for Coal Industry, Expands List of Climate Demands
Little Greta Thunberg, who was elected by nobody apparently now speaks for us all on matters relating to climate change. The Swedish climate change hustler who is making a fortune for her handlers from donations to her campaign, again castigated Australia for continuing to mine and export coal despite her previous complaints, adding a call for an end worldwide to the actibity to her list of climate demands to be delivered at the upcoming World Economic Forum in Davos ...

Macron Digs In Against The General Strike, But Could It Finish Him?
As the French braces itself for the latest wave of protests and strikes across the country, as attitudes harden against President Emmanuel Macron's pension and retirement system reforms. Karel Vereycken, vice-president of France's Solidarity and Progress Party, has given his version what's behind the recent wave of strikes and why Macron's efforts to calm the situation down are backfiring.