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Paul Merrell

Luxembourg: a tax haven by any other name? | nsnbc international - 0 views

nsnbc.me/...luxembourg-tax-haven-name

tax-evasion Luxembourg DG-Competition EC PricewaterhouseCoopers

shared by Paul Merrell on 07 Nov 14 - No Cached
  • The revelations that global and multinational businesses have been brokering “secret” tax deals with Luxembourg to avoid paying taxes in their home countries, may be the first time an entire country has been implicated in tax avoidance collusion. A cache of leaked agreements uncovered by the International Consortium of Investigative Journalism (ICIJ) appears to show that major companies have used the tiny EU state to dramatically cut their tax liabilities.
  • The ICIJ’s six-month investigation claims to have found household companies such as Aviva, HSBC, E-on, Tyco, Pepsi, IKEA and Deutsche Bank were among those which had taken advantage of legal tax avoidance schemes in Luxembourg. Luxembourg is routinely named as a tax haven on many of the world’s authoritative lists of tax havens, including the one compiled by me and my two co-authors, Richard Murphy and Christian Chavagneux. But Luxembourg has managed to remain “under the radar” not least because its politicians and bankers have been denying for years that it is, or ever was, a tax haven. The revelations suggest Luxembourg has been playing a double game. Luxembourg has been quick to comply with new regulations proposed by the Organisation for Economic Co-operation and Development (OECD) and the EU. In 2011, the OECD global forum on transparency and exchange of information commended Luxembourg for introducing new rules governing banking information or information protected by secrecy rules.
  • But at the same time, the revelations show that 340 well-known foreign companies have entered into secret agreements with the Luxembourg authorities, brokered by the accounting firm PricewaterhouseCoopers. To take a random example that applies for many of these companies, the ICIJ have a letter to the Luxembourg tax administration written on a PwC letterhead, where FedEx lays down its plan to set up a limited liability company as a tax resident in Luxembourg – so subject in principle to Luxembourg’s corporate income tax. The letter then provides details of a proposed shareholding arrangement that will ensure, I quote, that “neither that Fedex SCS nor its shareholders will be subject to corporate income tax, Municipal Business Tax and Net Wealth tax in Luxembourg”. The letter implies that Luxembourg will serve in effect as a tax haven for Fedex.
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  • There have been a number of other highly publicised tax evasion and avoidance cases recently. For instance, many cases in the US involved branches or even key individuals working in branches of well-known Swiss and Israeli banks in the US, including UBS, Credit Swiss or Bank Leumi, or alternatively branches of American banks in Switzerland. But these tended to involve private firms. The Swiss government professed to have had no knowledge of such activities. Indeed, Swiss law prohibited Swiss banks, whether domestic or international, from providing any information on their clients to the Swiss state. This is a scandal with a difference. The leaked PricewaterhouseCoopers books imply there has been systemic collusion between companies from all over the world and the Luxembourg authorities in flagrant contravention of EU rules. The documents suggest that preferential tax treatments were guaranteed to these companies prior to their incorporation in Luxembourg.
  • This is the first case of suspected collusion between a government and a foreign firm in tax avoidance matters that I am aware of. In that sense, the current scandal places Luxembourg on par with Greece whose officials allegedly provided misleading data on Greek national debt to the Commission. More embarrassingly, all this took place during the time when the current president of the European Commission, Jean-Claude Juncker, served as the prime minister of Luxembourg from 1995-2013. It is difficult to imagine that the prime minister of such a small state was unaware such deals were taking place. There is a difference between the court of law and the court of public opinion. But we know from recent cases that the EU Commission has tended to follow the court of public opinion with criminal investigations of its own, as was the case of Amazon. It is likely that the Commission will now investigate these leaks and may impose fines on Luxembourg. I doubt Juncker can ride this one out.
  • Paul Merrell on 07 Nov 14
     
    Woo-hoo! The IRS and Congress will be interested in this one too.  Now if someone would kindly send the docs to Wikileaks, the nations of the world can prosecute companies for tax evasion. But this time, would you all, pretty please, prosecute some human beings too and no settlements without at least a couple of years behind bars?
Paul Merrell

Barclays made £1.4bn profits in Luxembourg - £100m for each worker | Business... - 0 views

www.theguardian.com/...nk-profits-luxembourg-14-staff

banksters Barclays tax-avoidance Lunembourg

shared by Paul Merrell on 01 Jul 14 - No Cached
  • The Luxembourg operations of Barclays, through which of much of the bank's controversial tax planning services are channelled, generated £1.4bn of profits in 2013 – £100m for each of the 14 people employed there.In published details about the turnover, tax and headcount of the main countries in which its operates, Barclays also revealed it paid just £20m of tax in Luxembourg.Barclays' chief executive, Antony Jenkins, pledged in February 2013 to close down the bank's tax avoidance unit, known as structured capital markets (SCM), as part of his efforts to clean up the reputation of the bank. However, he said the process would take several years.Much of the SCM activity was driven through Luxembourg. Lord Lawson, the former Conservative chancellor, described the business as orchestrating tax avoidance on an "industrial scale".
  • The data was published by Barclays to comply with a new European Union directive and refers to the 2013 calendar year.
Paul Merrell

After Cyprus, the EU's Attention Turns to Tiny Luxembourg - Businessweek - 0 views

www.businessweek.com/...ntion-turns-to-tiny-luxembourg

Banksters cyprus financial-collapse luxembourg

shared by Paul Merrell on 02 Apr 13 - No Cached
  • It’s getting hot in Luxembourg, a nation that’s something like Cyprus on steroids. Its population is smaller and its banking sector is bigger. If you thought it was risky for banks in Cyprus to have assets about eight times the national gross domestic product, then what is one to make of Luxembourg, where the multiple is nearly 23?Worryingly for Luxembourg, there’s a new idea afloat that European Union nations, even small ones, should take responsibility for saving banks operating within their borders, instead of falling back on the EU for help.
  • Paul Merrell on 02 Apr 13
     
    Which has enormous repercussions for the "single market" goal for the Euro and the future of the European Union. So far, only the Iceland government response of disavowing the indebtedness of Icelandic banks has worked to rescue national economies from banksters mistakes. Shifting the banksters losses to government --- and the resulting austerity measures --- have only further damaged national economies during the current depression. Lesson learned: Bankruptcy for banksters, not bailouts. Any tangible assets they have will survive but will be owned by their debtors. Under any sane approach to maintaining a national economy, depositors would be granted priority in bankruptcy payments, ahead of other lenders to the bank.
Paul Merrell

China to Set Yuan Clearing Banks in Luxembourg, Paris | StratRisks - 0 views

stratrisks.com/20103

de-dollarization yuan Paris Luxembourg

shared by Paul Merrell on 02 Jul 14 - No Cached
  • In its continued push to make the yuan a global currency, China’s central bank said Sunday it plans to designate clearing banks for its currency in Paris and Luxembourg, as the two financial centers battle with London to become the leading European offshore yuan-trading city.  The People’s Bank of China announced the move in two separate statements Sunday. It didn’t say when it would designate the clearing banks. The French and Luxembourg central banks said Sunday they had signed agreements with PBOC allowing for greater cooperation in the oversight of their domestic yuan market.
  • The weekend moves are the latest salvos in the race to win a major share of business in cross-border transactions in the Chinese currency. Singapore and Sydney are also vying for a significant share of the global yuan market, which is expected to expand rapidly along with China’s fast-growing economy.
Paul Merrell

U.S. urges allies to think twice before joining China-led bank - Yahoo Finance - 0 views

finance.yahoo.com/...taly-join-china-002209014.html

economic-warfare dedollarization AIIB Germany France Italy Luxembourg EC

shared by Paul Merrell on 20 Mar 15 - No Cached
  • (Reuters) - The United States urged countries on Tuesday to think twice about signing up to a new China-led Asian development bank that Washington sees as a rival to the World Bank, after Germany, France and Italy followed Britain in saying they would join. The concerted move by U.S. allies to participate in Beijing's flagship economic outreach project is a diplomatic blow to the United States and its efforts to counter the fast-growing economic and diplomatic influence of China. Europe's participation reflects the eagerness to partner with China's economy, the world's second largest, and comes amid prickly trade negotiations between Brussels and Washington.
  • European Union and Asian governments are frustrated that the U.S. Congress has held up a reform of voting rights in the International Monetary Fund that would give China and other emerging powers more say in global economic governance.
  • Washington insists it has not actively discouraged countries from joining the new bank, but it has questioned whether the Asian Infrastructure Investment Bank (AIIB) will have sufficient standards of governance and environmental and social safeguards. "I hope before the final commitments are made anyone who lends their name to this organization will make sure that the governance is appropriate," Treasury Secretary Jack Lew told U.S. lawmakers. Lew warned the Republican-dominated Congress that China and other rising powers were challenging American leadership in global financial institutions, and he urged lawmakers to swiftly ratify stalled reform of the IMF.
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  • In a joint statement, the foreign and finance ministers of Germany, France and Italy said they would work to ensure the new institution "follows the best standards and practices in terms of governance, safeguards, debt and procurement policies." Luxembourg’s Finance Ministry confirmed the country, a big financial centre, has also applied to be a founding member of the $50 billion AIIB.
  • A spokeswoman for the European Commission, the EU's executive arm, endorsed member states' participation in the AIIB as a way of tackling global investment needs and as an opportunity for EU companies.
  • Lew told lawmakers that the U.S. delay in ratifying the agreement was undermining its credibility and influence as countries question the United States' commitment to international institutions. “It's not an accident that emerging economies are looking at other places because they are frustrated that, frankly, the United States has stalled a very mild and reasonable set of reforms in the IMF,” Lew said.
  • Some Republicans have complained the changes would cost too much at a time Washington is running big budget deficits. The reforms have also ran afoul of a growing isolationist trend among the party's influential Tea Party wing.
  • Washington says it sees a role for the IAAB given Asia's immense infrastructure needs and regards it as a potential partner for established institutions like the ADB. But its strategy of questioning the IAAB's standards has drawn criticism from some observers, who say the administration should have been more accepting of the new bank or offered alternatives within the existing institutions. "If you try to fight the rising power's peaceful ascent you sow big problems in the future," said Fred Bergsten, a former top international affairs official at the U.S. Treasury and currently a fellow at the Peterson Institute in Washington. Scott Morris, a former U.S. Treasury official who led U.S. engagement with the multilateral development banks during the first Obama administration, said Washington was paying the price for delay on IMF reform. "It's a clear sentiment among a pretty diverse group of countries: We would like to mobilize more capital for infrastructure through MDBs (multilateral development banks)," said Morris, now with the Washington-based Center for Global Development. "And the U.S. stands in the way of that and now finds itself increasingly isolated as a result.”
  • Japan, Australia and South Korea remain notable regional absentees from the AIIB. Australian Prime Minister Tony Abbott said at the weekend he would make a final decision on membership soon. South Korea has said it is still in discussions with China and other countries about possible participation. Japan is unlikely to join the AIIB, but ADB head Takehiko Nakao told the Nikkei Asian Review that the two institutions were in discussions and could work together.
  • Paul Merrell on 20 Mar 15
     
    Oh, man. Angela Merkel just hitched Germany's wagon to China's, which implictly means Russia's and the rest of BRICS too. Plus the European Commission, UK, France, Italy, and Luxembourg   Keep in mind that China will open its RMB trading centers in the major financial hubs in September and that the folks in Brussels are making noises about a European combined defense organization, independent of NATO anjd the U.S.   I want more information to be certain that there is more here than moves to create bargaining leverage with Washington, D.C.. but it might soon be time to buy a wheelbarrow to carry my walkabout spending money. Wow!
Gary Edwards

Doug Casey: All Banks Are Bankrupt - Casey Research - 1 views

www.caseyresearch.com/...g-casey-all-banks-are-bankrupt

Doug-Casey Banksters Cyprus Casey-Research

shared by Gary Edwards on 04 Apr 13 - No Cached
  • Gary Edwards on 04 Apr 13
     
    This interview should be must reading for every citizen of this world.  Doug Casey lays it out, explaining in the simplest of terms the problem of corrupt governments and banksters.  Put this RSS feed right next to Sir Charles' Priced In Gold" blog as essential to start your day with reading. excerpt: "Anyone with any sense should withdraw whatever cash they have in European banks, whether in euros or any other currency, immediately. Cyprus demonstrated that governments are quite willing and able to confiscate money sitting in a bank account in order to preserve the banking system. We live in Bizarro World. L: Why would it spread? Cyprus was said to be particularly vulnerable because of its strong Greek connections; Cypriot banks had bought of lot Greek debt. Would people in Luxembourg be as exposed? Doug: All banks are in effect creatures of the state at this point. They all own a lot of government bonds, which are considered the most secure form of capital. Of course, that's the opposite of the truth; all these governments are bankrupt as well. The Greek government is just more overtly bankrupt than most. Actually, we should take a minute here to discuss what a properly run banking system looks like. Historically, banks offered two types of accounts: demand deposits and time deposits. Demand deposits are what we call checking accounts today, but the original idea was that you'd pay your bank to store your money securely, and you had the right to "demand" your deposit back immediately, and to transfer funds via check. The idea of time deposits, which became savings accounts, was that the bank would pay you interest when you deposited your money with them for a specific period of time. That's why it's called a "time" deposit; you lent the bank your money for a given time, as did other depositors, and the banks would always know how much money they could lend out - at higher interest rates. Furthermore, loans made against time deposits were always short term
Paul Merrell

Iceland Wins Major Case Over Failed Bank - NYTimes.com - 0 views

dealbook.nytimes.com/...ns-major-case-over-failed-bank

Iceland banksters E.U. law

shared by Paul Merrell on 29 Jan 13 - No Cached
  • Iceland won a landmark case at a European court, ending an acrimonious legacy from the collapse of its banking system more than four years ago.On Monday, the court upheld the country’s refusal to promptly cover the losses of British and Dutch depositors who put more than $10 billion in Icesave, the bankrupt online offshoot of a failed Icelandic bank.In a judgment issued in Luxembourg, the court of the European Free Trade Association, orE.F.T.A., cleared Iceland of complaints that it violated rules governing the protection of depositors drawn up by the European Union. While Iceland is not a member of the union, it is bound by most of its rules as a member of E.F.T.A.
  • The case has attracted widespread attention because it touches on issues of cross-border banking that have been at the center of the European Union’s efforts to ensure the future stability of the region’s financial system. The Iceland banking collapse in 2008 — and the mayhem it caused far beyond the country’s borders — raised issues directly relevant to the 27-nation European Union.Monday’s court ruling in Luxembourg is a significant victory for Iceland. Unlike Ireland, Iceland declined to use taxpayer money to bail out foreign bondholders and depositors. This set off a bitter dispute with Britain, which used antiterrorism rules to take control of assets held in Britain by Icesave’s parent, Landsbanki.
  • In an interview this month with British television, Iceland’s president, Olafur Ragnar Grimsson, denounced the British government’s approach of using antiterrorist rules to seize Icelandic assets. “We were there together with Al Qaeda and the Taliban on that list,” he said. “We have not forgotten that in Iceland.”
Paul Merrell

French warning over business with settlements may have broader impact on Israeli econom... - 0 views

electronicintifada.net/...broader-impact-israeli-economy

Israel Palestine BSD France UK Spain Germany Sweden Luxembourg

shared by Paul Merrell on 26 Jun 14 - No Cached
  • France today advised its citizens and companies against doing business with Israeli settlements in occupied territories. The government warned that firms could face legal action tied to “land, water, mineral and other natural resources” as well as “reputational risks.” The step could have implications for the Israeli economy far beyond activities limited to Israeli settlements themselves. The Palestinian Boycott, Divestment and Sanctions National Committee (BNC) welcomed the move.
  • Spain, Germany, Italy, Sweden and Luxembourg are expected to publish similar guidance in coming days in what appears to be a coordinated move by European states. The French warning follows similar steps by the UK and Netherlands, prompted by an advocacy effort by civil society groups and members of the European Parliament.
  • The new guidance published by the French foreign ministry states that “The West Bank, including East Jerusalem, Gaza and the Golan Heights are territories occupied by Israeli since 1967. The settlements are illegal under international law.”
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  • The French warning is worded in language almost identical to that issued by the UK last December, suggesting a high degree of intergovernmental coordination.
  • Paul Merrell on 26 Jun 14
     
    More than 60 years overdue, but better late than never. We're not there yet, but apartheid Israel is definitely approaching the point where it must bow to the anti Palestinian Boycott, Sanctions, and DIvestment movement, just as the apartheid South African government had to. A boatload of European nations joining the BSD movement is a powerful message to the Izzies that the era of them occupying and colonizing Palestine is quickly approaching its end. 
Gary Edwards

Major Banksters, Governmental Officials and Their Comrade Capitalists Targets of Spire ... - 0 views

www.marketwatch.com/...ted-states-treasury-2012-10-25

Banksters Federal-Reserve-Bankster-Cartel

shared by Gary Edwards on 02 Nov 12 - No Cached
  • Gary Edwards on 02 Nov 12
     
    "NEW YORK, Oct. 25, 2012 /PRNewswire via COMTEX/ -- Spire Law Group, LLP's national home owners' lawsuit, pending in the venue where the "Banksters" control their $43 trillion racketeering scheme (New York) - known as the largest money laundering and racketeering lawsuit in United States History and identifying $43 trillion ($43,000,000,000,000.00) of laundered money by the "Banksters" and their U.S. racketeering partners and joint venturers - now pinpoints the identities of the key racketeering partners of the "Banksters" located in the highest offices of government and acting for their own self-interests. In connection with the federal lawsuit now impending in the United States District Court in Brooklyn, New York (Case No. 12-cv-04269-JBW-RML) - involving, among other things, a request that the District Court enjoin all mortgage foreclosures by the Banksters nationwide, unless and until the entire $43 trillion is repaid to a court-appointed receiver - Plaintiffs now establish the location of the $43 trillion ($43,000,000,000,000.00) of laundered money in a racketeering enterprise participated in by the following individuals (without limitation): Attorney General Holder acting in his individual capacity, Assistant Attorney General Tony West, the brother in law of Defendant California Attorney General Kamala Harris (both acting in their individual capacities), Jon Corzine (former New Jersey Governor), Robert Rubin (former Treasury Secretary and Bankster), Timothy Geitner, Treasury Secretary (acting in his individual capacity), Vikram Pandit (recently resigned and disgraced Chairman of the Board of Citigroup), Valerie Jarrett (a Senior White House Advisor), Anita Dunn (a former "communications director" for the Obama Administration), Robert Bauer (husband of Anita Dunn and Chief Legal Counsel for the Obama Re-election Campaign), as well as the "Banksters" themselves, and their affiliates and conduits. The lawsuit alleges serial violations of the United States Patri
  • Gary Edwards on 02 Nov 12
     
    This is the first time anyone has tried to go after the Bankster class of midievil (mediæval) elites to recover theft of funds. Charges include racketeering, fraud and international money laundering. The mass tort action is now in the Brooklyn Federal Courts. Dead bodies are starting to show up as the Banksters move to shut down press coverage. Amazing stuff.
Paul Merrell

A Choice For Corporate America: Are You With America Or The Cayman Islands - 0 views

www.informationclearinghouse.info/article33901.htm

banksters globalists tax havens offshoring

shared by Paul Merrell on 10 Feb 13 - No Cached
  • When the greed, recklessness, and illegal behavior on Wall Street drove this country into the deepest recession since the 1930s, the largest financial institutions in the United States took every advantage of being American. They just loved their country - and the willingness of the American people to provide them with the largest bailout in world history. In 2008, Congress approved a $700 billion gift to Wall Street. Another $16 trillion in virtually zero interest loans and other financial assistance came from the Federal Reserve. America. What a great country. But just two years later, as soon as these giant financial institutions started making record-breaking profits again, they suddenly lost their love for their native country. At a time when the nation was suffering from a huge deficit, largely created by the recession that Wall Street caused, the major financial institutions did everything they could to avoid paying American taxes by establishing shell corporations in the Cayman Islands and other tax havens.
  • In 2010, Bank of America set up more than 200 subsidiaries in the Cayman Islands (which has a corporate tax rate of 0.0 percent) to avoid paying U.S. taxes. It worked. Not only did Bank of America pay nothing in federal income taxes, but it received a rebate from the IRS worth $1.9 billion that year. They are not alone. In 2010, JP Morgan Chase operated 83 subsidiaries incorporated in offshore tax havens to avoid paying some $4.9 billion in U.S. taxes. That same year Goldman Sachs operated 39 subsidiaries in offshore tax havens to avoid an estimated $3.3 billion in U.S. taxes. Citigroup has paid no federal income taxes for the last four years after receiving a total of $2.5 trillion in financial assistance from the Federal Reserve during the financial crisis. On and on it goes. Wall Street banks and large companies love America when they need corporate welfare. But when it comes to paying American taxes or American wages, they want nothing to do with this country. That has got to change.
  • Offshore tax abuse is not just limited to Wall Street. Each and every year corporations and the wealthy are avoiding more than $100 billion in U.S. taxes by sheltering their income offshore. Pharmaceutical companies like Eli Lilly and Pfizer have fought to make it illegal for the American people to buy cheaper prescription drugs from Canada and Europe. But, during tax season, Eli Lilly and Pfizer shift drug patents and profits to the Netherlands and other offshore tax havens to avoid paying U.S. taxes.
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  • Apple wants all of the advantages of being an American company, but it doesn't want to pay American taxes or American wages. It creates the iPad, the iPhone, the iPod, and iTunes in the United States, but manufactures most of its products in China so it doesn't have to pay American wages. Then it shifts most of its profits to Ireland, Luxembourg, the British Virgin Islands and other tax havens to avoid paying U.S. taxes. Without such maneuvers, Apple's federal tax bill in the United States would have been $2.4 billion higher in 2011.
  • This tax avoidance does not just reduce the revenue that we need to pay for education, healthcare, roads, and environmental protection, it is also costing us millions of American jobs. Today, companies are using these same tax schemes to lower their tax bills by shipping American jobs and factories abroad. These tax breaks have contributed to the loss of more than 5 million U.S. manufacturing jobs and the closure of more than 56,000 factories since 2000. That also has got to change. At a time when we have a $16.5 trillion national debt; at a time when roughly one-quarter of the largest corporations in America are paying no federal income taxes; and at a time when corporate profits are at an all-time high; it is past time for Wall Street and corporate America to pay their fair share. That's what the Corporate Tax Dodging Prevention Act (S.250) that I have introduced with Rep. Jan Schakowsky (D-Ill.) is all about.
  • We have a much better idea. Wall Street and the largest corporations in the country must begin to pay their fair share of taxes. They must not be able to continue hiding their profits offshore and shipping American jobs overseas to avoid taxes. Here's the simple truth. You can't be an American company only when you want a massive bailout from the American people. You have also got to be an American company, and pay your fair share of taxes, as we struggle with the deficit and adequate funding for the needs of the American people. If Wall Street and corporate America don't agree, the next time they need a bailout let them go to the Cayman Islands, let them go to Bermuda, let them go to the Bahamas and let them ask those countries for corporate welfare.
  • Paul Merrell on 10 Feb 13
     
    Gotta love Bernie Sanders.
Paul Merrell

Facebook, Apple, Microsoft, Skype & Yahoo Hit With Prism Data Protection Complaints In ... - 0 views

techcrunch.com/...europe-v-prism

surveillance state NSA EU PRISM investigation Facebook Apple Microsoft Skype Yahoo!

shared by Paul Merrell on 26 Jun 13 - No Cached
  • The European data protection activists behind the Europe v Facebook (evf) campaign group, that has long been a thorn in Facebook’s side in Europe, have filed new complaints under regional data protection law targeting Facebook, Apple, Microsoft, Skype and Yahoo for their alleged collaboration with the NSA’s Prism data collection program. The student activist organisation is targeting the European subsidiaries of these five U.S. companies, arguing that their corporate structure means they fall fully under European privacy laws despite being U.S. headquartered companies. And yet, being as they are U.S. companies, they are required to comply with U.S. surveillance laws — putting them in the “tricky” situation of having to comply with potentially conflicting legal requirements. It’s that legal conflict evf is now probing.
  • Evf takes the view that the law needs clarifying — and it using these new data protection complaints as the vehicle to obtain clarification from the various regional data protection agencies. Facebook and Apple; Microsoft and Skype; and Yahoo have subsidiaries in Ireland, Luxembourg and Germany respectively. ”We want a clear statement by the authorities if a European company may simply give foreign intelligence agencies access to its customer data. If this turns out to be legal, then we might have to change the laws,” noted evf speaker, Max Schrems, in a statement. The key question, as evf sees it, is whether “mass transfer” of personal data from to a foreign intelligence agency is legal under European law.  ”Many journalists have asked us in recent weeks if PRISM is legal from a EU perspective. We have looked at that a little closer. The result was – after consulting with legal experts – that it is very likely illegal under EU data protection laws, because of the corporate structure of the companies,” added Schrems. Google and YouTube have not been included in this first round of evf complaints being as they have a different corporate structure that does not include European subsidiaries. However it notes they do have datacenters in European countries, which will give evf a route to filing Prism-related data protection complaints against both at a later date.
  • Writing in a press notice announcing its new action, evf added: If a European subsidiary sends user data to the American parent company, this is considered an “export” of personal data. Under EU law, an export of data is only allowed if the European subsidiary can ensure an “adequate level or protection” in the foreign country. After the recent disclosures on the “PRISM” program such trust in an “adequate level of protection” by the involved companies can hardly be upheld. There can in no way be an adequate level of protection if they cooperate with the NSA on the other end of the line. Right now an export of data to the US must be seen as illegal if the involved companies cannot disprove the reports on the PRISM program. According to evf, the subsidiaries being targeted by these complaints have “the burden of proof” — to either “credibly assure” that the Prism program is a hoax, or “explain how mass access by a foreign intelligence agency interplays with EU data protection laws”. Evf cites a 2006 case precedent involving payment processor SWIFT which had forwarded transaction details to U.S. authorities. In that case it says a group of EU data protection authorities decided that such a mass data transfer is illegal under EU law, leading to SWIFT to move European data to a server in Switzerland. The case also led to an agreement between the U.S. and the EU on the use of payment data to combat crime.
Paul Merrell

UK Cryptographers Call For Publication of Deliberately Weakened Protocols, Products | T... - 0 views

threatpost.com/...102301

surveillance state NSA GCHQ cryptography surveillance-reform

shared by Paul Merrell on 17 Sep 13 - No Cached
  • A group of cryptographers in the UK has published a letter that calls on authorities in that country and the United States to conduct an investigation to determine which security products, protocols and standards have been deliberately weakened by the countries’ intelligence services. The letter, signed by a number of researchers from the University of Bristol and other universities, said that the NSA and British GCHQ “have been acting against the interests of the public that they are meant to serve.” The appeal comes a couple of weeks after leaked documents from the NSA and its UK counterpart, Government Communications Headquarters, showed that the two agencies have been collaborating on projects that give them the ability to subvert encryption protocols and also have been working with unnamed security vendors to insert backdoors into hardware and software products. Security experts have been debating in recent weeks which products, standards and protocols may have been deliberately weakened, but so far no information has been forthcoming.
  • “By weakening cryptographic standards, in as yet undisclosed ways, and by inserting weaknesses into products which we all rely on to secure critical infrastructure, we believe that the agencies have been acting against the interests of the public that they are meant to serve. We find it shocking that agencies of both the US and UK governments now stand accused of undermining the systems which protect us. By weakening all our security so that they can listen in to the communications of our enemies, they also weaken our security against our potential enemies,” the letter says.
  • Published on Monday, the letter is signed by cryptographers from the University of Bristol, University of London, University of Birmingham, University of Luxembourg, University of Southampton, University of Surrey, University of Kent, Newcastle University and University College London. In it, the researchers call on the relevant authorities to publicly name the products and standards that have been weakened in order to inform users which systems they should avoid. “We call on the relevant parties to reveal what systems have been weakened so that they can be repaired, and to create a proper system of oversight with well-defined public rules that clearly forbid weakening the security of civilian systems and infrastructures. The statutory Intelligence and Security Committee of the House of Commons needs to investigate this issue as a matter of urgency. In the modern information age we all need to have complete trust in the basic infrastructure that we all use,” the letter says.
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  • In the weeks since the documents detailing the NSA’s cryptographic capabilities emerged, further details about exactly which protocols the agency can attack successfully and which standards it may have influenced have been scarce. NIST, the U.S. agency that develops technical standards for cryptography, among other things, as denied accusations that the NSA was able to weaken some of the NIST standards. However, at the same time, NIST officials have issued a recommendation that people no longer use one of the encryption standards it previously published.
Paul Merrell

Map of the Day: Where the Brits never invaded | Humanosphere - 1 views

www.humanosphere.org/...-where-the-brits-never-invaded

war & peace British-empire map invasions

shared by Paul Merrell on 10 Dec 13 - No Cached
  • The British Empire used to be pretty darned big. It was said that the sun never set on England (and it still might not). A new map is making the rounds that shows the places where the British have invaded. Of the nearly 200 countries out there, the Brits have invaded all but 22. That is just about 90% of all countries!
  • The data comes from the new book All the Countries We’ve Ever Invaded: And the Few We Never Got Round To. Author Stuart Laycock went through the history of every country in the world to see where the Brits invaded. The author spoke with The Telegraph about his two years of research and the results. He said France may be in second place with most countries invaded and says he hopes people will challenge his findings to determine whether or not he is right or some countries on the no list were actually invaded.
  • “Other countries could write similar books – but they would be much shorter. I don’t think anyone could match this, although the Americans had a later start and have been working hard on it in the twentieth century.”
Paul Merrell

Europe and Ukraine: A tale of two elections - RT Op-Edge - 0 views

rt.com/...161664-elections-in-eu-ukraine

Auction-2014 EU Ukraine

shared by Paul Merrell on 28 May 14 - No Cached
  • Circumstances surrounding the European and Ukrainian elections were far from being a mere coincidence. The regime changers in Kiev decided to hold a presidential election on May 25, the same day as European Parliament elections, in order to demonstrate their desire to follow a European-centric foreign policy.
  • Way beyond the established fact of an Atlantic push against Russian western borderlands, Ukraine remains a catfight of local oligarchies. No wonder the new Ukrainian president is also an oligarch; the 7th wealthiest citizen in the land, who owns not just a chocolate empire, but also automotive plants, a shipyard in Crimea and a TV channel. The only difference is that he’s a NATO oligarch
  • Meanwhile, in NATOstan, local and transnational elites have been desperately trying to spin a measure of success. Abstention remains notable – only roughly 4 in 10 Europeans take the trouble to vote on what goes on in Strasbourg, with a majority alienated enough to legitimize the mix of internal European austerity and international belligerence.
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  • Hardly discussed in the pre-vote campaigns were the Snowden NSA revelations; the shady negotiations between Washington and Brussels over a free trade agreement which will be a boon for US Big Business; and how the financial casino supervised by the European Central Bank, the IMF, and the European Commission (EC) will remain untouched, further ravaging the European middle classes. The anti-EU crowd performed very well in France, the UK, Denmark and Greece. Not so well in Italy and the Netherlands. The mainstream did relatively well in Germany and ultraconservative Spain – even though losing votes to small parties.
  • Essentially, European voters said two things out loud: either “the EU sucks,” or “we couldn’t care less about you, Eurocrat suckers.” As if that sea of lavishly pensioned Brussels apparatchiks – the Eurocrats - would care. After all, their mantra is that “democracy” is only good for others (even Ukrainians…) but not for the EU; when the European flock of sheep votes, they should only be allowed to pick obscure Brussels-peddled and Brussels-approved treaties. Brussels, anyway, is bound to remain the Kafkaesque political epitome of centralized control and red tape run amok. No wonder the EU is breathlessly pivoting with itself as the global economy relentlessly pivots to Asia.
  • To believe that an EU under troika austerity will bail Kiev out of its massive outstanding debts is wishful thinking. The recipe - already inbuilt in the $17 billion IMF “rescue” package is, of course, austerity. Oligarchs will remain in control, while assorted plunderers are already lining up. Former US Secretary of State Madeleine Albright – for whom hundreds of thousands of Iraqi children were expendable – “observed” the elections, and most of all observed how to privatize Telecom Ukraine, as she is doing now with Telekom Kosovo. There’s no evidence Right Sector and Svoboda will cease to be crypto-fascist, racist and intolerant just because Poroshenko – the King of Ukrainian Chocolate – is now the president. By the way, his margin for maneuver is slim, as his own markets – not to mention some of his factories – are in Russia. Heavy industry and the weapons industry in eastern Ukraine depend on Russian demand. It would take at least a whopping $276 billion for the West to “stabilize” eastern Ukraine. The notion of the EU “saving” Ukraine is D.O.A.
  • Moscow, once again, just needs to do what it is doing: nothing. And make sure there will be no economic or political help unless a federalized – and Finlandized - Ukraine with strong regions sees the light of day. Even the Brookings Institution has reluctantly been forced to admit that the US neo-con gambit has failed miserably; there’s no Ukraine without Russian help.
  • Signs so far are mixed. Poroshenko said Ukraine could “possibly” become an EU member state by 2025 (it won’t happen). He ruled out entering NATO (wise move). He rejects federalization (dumb move). He believes that with a strong economy Crimea would want to be back (wishful thinking). Still, he believes in reaching a compromise with Moscow (that’s what Moscow always wanted, even before regime change).
  • Back in NATOstan, there’s the crucial point of what happens to the ultra-right-wing anti-EU brigade in the Parliament in Strasbourg. They may all abhor the EU, but the fact is this ideological basket case will hardly form an alliance.
  • What this ultimately means is that conservative and moderate parties, as per the status quo, will remain in control, expressed via an extremely likely coalition of the European People’s Party (center-right) and the Socialists and Democrats (center-left). What comes next, in the second half of 2014, is the appointment of a new EU Commission. That’s Kafka redux, as in the bureaucrat-infested executive arm of the EU, which shapes the agenda, sort of (when it’s not busy distributing subventions in color-coded folders for assorted European cows.) There are 5 candidates fighting for the position of EC president. According to the current EU treaty, member states have to consider the result of EU Parliament elections when appointing a new president. Germany wants a conservative. France and Italy want a socialist. So expect a tortuous debate ahead to find who will succeed the spectacularly mediocre Jose Manuel Barroso. The favorite is a right-winger of the European People’s Party, former Prime Minister of Luxembourg Jean-Claude Juncker. He is an avid defender of banking secrecy while posing himself as a champion of “market social economy.”
  • Then there’s more Kafka: choosing the new president of the EU Council and the High Representative for Foreign Affairs. Translation: the EU won’t decide anything, or “reform” anything for months. That includes the critical negotiations with the Americans over the free trade deal. It’s absolutely impossible to spin these Sunday elections as not discrediting even more the EU project as it stands. As I’ve seen for myself, since early 2014, in 5 among the top EU countries, what matters for the average citizen is as follows: how to deal with immigration; how to fight the eradication of the welfare state; the implications of the free trade agreement with the US; the value of the euro –including an absurdly high cost of living; and what the ECB mafia is actually doing to fight unemployment.
  • With Kafka in charge for the foreseeable future, what’s certain is that Paris and Berlin will drift further and further apart. There will be no redesign of the EU’s institutions. And the next Parliament, filled with sound and fury, will be no more than a hostage of the devastating, inexorable political fragmentation of Europe. “Saving” Ukraine? What a joke. The EU cannot even save itself.
  • Paul Merrell on 28 May 14
     
    Pepe Escobar's take on the Presidential election in Ukraine and the EU-wide national election of EU Parliament members, both held on the same day. Excerpts only highlighted.  
Paul Merrell

Bundesbank, PBOC Sign Accord to Make Frankfurt Yuan Hub - Bloomberg - 0 views

www.bloomberg.com/...trade-as-xi-visits-merkel.html

banksters China Frankfurt yuan

shared by Paul Merrell on 30 Mar 14 - No Cached
  • Germany’s Bundesbank and the People’s Bank of China agreed to cooperate in the clearing and settling of payments in renminbi, paving the way for Frankfurt to corner a share of the offshore market. The central banks signed a memorandum of understanding in Berlin today, when Chinese President Xi Jinping met German Chancellor Angela Merkel, the Frankfurt-based Bundesbank said in an e-mailed statement. Germany’s financial capital prevailed over Paris and Luxembourg in a euro-area race to win trade in renminbi, which overtook the euro to become the second-most used currency in global trade finance in October, according to the Society for Worldwide Interbank Financial Telecommunication. The U.K. Treasury said on March 26 that the Bank of England would sign an initial agreement with the PBOC on March 31 to clear and settle yuan transactions in London.
Paul Merrell

U.S. deserter needs Iraq war crimes evidence to be refugee: EU court | Reuters - 0 views

www.reuters.com/...dier-usa-idUSKBN0LU16A20150226

war & peace U.S.-foreign-policy Iraq Army-deserter litigation Europe-Court-of-Justice

shared by Paul Merrell on 27 Feb 15 - No Cached

  • (Reuters) - A U.S. soldier who deserted because he thought the Iraq war was illegal could have grounds for seeking asylum in Germany but only if he can show he would have been involved in war crimes, Europe's highest court said on Thursday.

    The European Court of Justice added that even if Andre Shepherd could prove war crimes were very likely to have been committed, he would still have to show he had no alternative to desertion, such as becoming a conscientious objector.

    The Luxembourg-based court was asked for guidance by a German court after Shepherd took legal action when German authorities rejected his asylum application.

     
     
     
     
     
     

    The final decision will be taken by the German court in accordance with the European court's ruling.

  • Shepherd, who served in Iraq between September 2004 and February 2005 as an Apache helicopter mechanic in the 412th Aviation Support Battalion, deserted in 2007 after being ordered to return to Iraq. He applied for asylum in Germany, where he was based. He remains in Germany."When I read and heard about people being ripped to shreds from machine guns or being blown to bits by the Hellfire missiles I began to feel ashamed about what I was doing," Shepherd told a news conference in Frankfurt in 2008."I could not in good conscience continue to serve," the army specialist from Cleveland, Ohio, said.Shepherd believed he should no longer participate in a war he considered unlawful and in war crimes he believed were committed in Iraq. He said he risked criminal prosecution in the United States because of his desertion.
Paul Merrell

Making NATO Defunct: EU Military Force intended to Reduce US Influence in Europe? | Glo... - 0 views

www.globalresearch.ca/...5436940

empire NATO-breakup EC EU-military U.S.-foreign-policy Ukraine Germany

shared by Paul Merrell on 19 Mar 15 - No Cached
  • An EU military force is being justified as protection from Russia, but it may also be a way of reducing US influence as the EU and Germany come to loggerheads with the US and NATO over Ukraine. While speaking to the German newspaper Welt am Sonntag, European Commission President Jean-Claude Juncker announced the time has come for the creation of a unified EU military force. Juncker used rhetoric about “defending the values of the European Union” and nuanced anti-Russian polemics to promote the creation of a European army, which would convey a message to Moscow. The polemics and arguments for an EU army may be based around Russia, but the idea is really directed against the US. The underlying story here is the tensions that are developing between the US, on one side, and the EU and Germany, on the other side. This is why Germany reacted enthusiastically to the proposal, putting its support behind a joint EU armed force.
  • Previously, the EU military force was seriously mulled over during the buildup to the illegal Anglo-American invasion of Iraq in 2003 when Germany, France, Belgium, and Luxembourg met to discuss it as an alternative to a US-dominated NATO. The idea has been resurrected again under similar circumstances. In 2003, the friction was over the US-led invasion of Iraq. In 2015, it is because of the mounting friction between Germany and the US over the crisis in Ukraine.
  • To understand the latest buildup behind the call for a common EU military, we have to look at the events stretching from November 2014 until March 2015. They started when Germany and France began showing signs that they were having second thoughts about the warpath that the US and NATO were taking them down in Ukraine and Eastern Europe. Franco-German differences with the US began to emerge after Tony Blinken, US President Barack Obama’s former Deputy National Security Advisor and current Deputy Secretary of State and the number two diplomat at the US Department of State, announced that the Pentagon was going to send arms into Ukraine at a hearing of the US Congress about his nomination, that was held on November 19, 2014. As the Fiscal Times put it, “Washington treated Russia and the Europeans to a one-two punch when it revealed its thinking about arming Ukraine.” The Russian Foreign Ministry responded to Blinken by announcing that if the Pentagon poured weapons into Ukraine, Washington would not only seriously escalate the conflict, but it would be a serious signal from the US that will change the dynamics of the conflict inside Ukraine. Realizing that things could escalate out of control, the French and German response was to initiate a peace offence through diplomatic talks that would eventually lead to a new ceasefire agreement in Minsk, Belarus under the “Normandy Format” consisting of the representatives of France, Germany, Russia, and Ukraine.
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  • Germany’s public position at the Munich Security Conference flew in the face of US demands to get its European allies to militarize the conflict in Ukraine. While US Secretary of State John Kerry went out of his way at the gathering to reassure the media and the public that there was no rift between Washington and the Franco-German side, it was widely reported that the warmonger Senator John McCain lost his cool while he was in Bavaria. Reportedly, he called the Franco-German peace initiative “Moscow bullshit.” He would then criticize Angela Merkel in an interview with the German channel Zweites Deutsches Fernsehen (ZDF), which would prompt calls by German MP Peter Tauber, the secretary-general of the Christian Democratic Union (CDU), for an apology from Senator McCain.
  • After the Munich Security Conference it was actually revealed that clandestine arms shipments were already being made to Kiev. Russian President Vladimir Putin would let this be publicly known at a joint press conference with Hungarian Prime Minister Viktor Orban in Budapest when he said that weapons were already secretly being sent to the Kiev authorities. In the same month a report, named Preserving Ukraine’s Independence, Resisting Russian Aggression: What the United States and NATO Must Do, was released arguing for the need to send arms to Ukraine — ranging from spare parts and missiles to heavy personnel — as a means of ultimately fighting Russia. This report was authored by a triumvirate of leading US think-tanks, the Brookings Institute, the Atlantic Council, and the Chicago Council on Global Affairs — the two former being from the detached ivory tower “think-tankistan” that is the Washington Beltway. This is the same clique that has advocated for the invasions of Iraq, Libya, Syria, and Iran.
  • Watch out NATO! United EU military in the horizon? It is in the context of divisions between the EU and Washington that the calls for an EU military force are being made by both the European Commission and Germany.
  • The EU and Germans realize there is not much they can do to hamper Washington as long as it has a say in EU and European security. Both Berlin and a cross-section of the EU have been resentful of how Washington is using NATO to advance its interests and to influence the events inside Europe. If not a form of pressure in behind the door negotiations with Washington, the calls for an EU military are designed to reduce Washington’s influence in Europe and possibly make NATO defunct. An EU army that would cancel out NATO would have a heavy strategic cost for the US. In this context, Washington would lose its western perch in Eurasia. It “would automatically spell the end of America’s participation in the game on the Eurasian chessboard,” in the words of former US national security advisor Zbigniew Brzezinski.
  • The intelligentsias in the US are already alarmed at the risks that an EU military would pose to American influence. The American Jewish Committee’s influential Commentary Magazine, which is affiliated to the neo-cons in the Washington Beltway, has asked, as the title of the article by Seth Mandel illustrates, “Why Is Germany Undermining NATO?” This is while the Washington Examiner has asked, as the title of the article by Hoskingson says, “Whatever happened to US influence?” This is why Washington’s vassals in the EU — specifically Britain, Poland, and the three Baltic states — have all been very vocal in their opposition to the idea of a common EU military force. While Paris has been reluctant to join the calls for an EU army, French opposition politician Marine Le Pen has announced that the time has come for France to come out of the shadow of the United States.
  • here are some very important questions here. Are the calls for an EU military, meant to pressure the US or is there a real attempt to curb Washington’s influence inside Europe? And are moves being made by Berlin and its partners to evict Washington from Europe by deactivating NATO through a common EU military?
Paul Merrell

Iceland convicts bad bankers and says other nations can act | Reuters - 0 views

www.reuters.com/...-bankers-idUSKBN0LG2O420150213

financial-collapse Iceland banksters litigation criminal-convictions

shared by Paul Merrell on 16 Feb 15 - No Cached
  • Iceland's Supreme Court has upheld convictions of market manipulation for four former executives of the failed Kaupthing bank in a landmark case that the country's special prosecutor said showed it was possible to crack down on fraudulent bankers. Hreidar Mar Sigurdsson, Kaupthing's former chief executive, former chairman Sigurdur Einarsson, former CEO of Kaupthing Luxembourg Magnus Gudmundsson, and Olafur Olafsson, the bank's second largest shareholder at the time, were all sentenced on Thursday to between four and five and a half years.The verdict is the heaviest for financial fraud in Iceland's history, local media said. Kaupthing collapsed under heavy debts after the 2008 financial crisis and the four former executives now live abroad. Though they sometimes returned to Iceland to collaborate with the court investigation, none were present on Thursday.Iceland's government appointed a special prosecutor to investigate its bankers after the world's financial systems were rocked by the discovery of huge debts and widespread poor corporate governance. He said Thursday's ruling was a signal to countries slow to pursue similar cases that no individual was too big to be prosecuted.
  • "This case...sends a strong message that will wake up discussion," special prosecutor Olafur Hauksson told Reuters. "It shows that these financial cases may be hard, but they can also produce results."Not all of Iceland's prosecutions have succeeded. But the country's efforts contrast with the United States and particularly Europe, where though some banks have been fined, few executives have been tried and voters suffering post-crisis austerity conditions feel bankers got off lightly.A recent scandal at the Swiss private bank of Europe's biggest lender HSBC has highlighted the controversy again and sparked a political row about whether the bank did enough to pursue possible tax dodgers..
  • Iceland struggled initially to appoint a special prosecutor. Hauksson, 50, a policeman from a small fishing village, was encouraged to put in for the job after the initial advertisement drew no applications. Nor have all of his prosecutions been trouble-free: two former bank executives were acquitted in one case, while sentences imposed on others have been criticized for being too light.However, Icelandic lower courts have convicted the chief executives of all three of its largest banks for their responsibility in a crisis that prosecutors said highlighted the operations of a club of wealth financiers in a country of just 320,000 people.They also convicted former chief executives of two other major banks, Glitnir and Landsbanki, for charges ranging from fraud and market manipulation.Parliament relaxed bank secrecy laws in Iceland to help the prosecutors investigate bank documents without court orders."Why should we have a part of our society that is not being policed or without responsibility?" Hauksson said. "It is dangerous that someone is too big to investigate - it gives a sense there is a safe haven."Seven criminal cases involving bankers have made it to the Supreme Court, which upheld six of them. Five more, including cases of CEOs - are due to be heard by the top court. Another 14 cases are awaiting possible prosecution, Hauksson said.
Paul Merrell

A Coalition in Which Some Do More Than Others to Fight ISIS - The New York Times - 0 views

www.nytimes.com/...than-others-to-fight-isis.html

war & peace Syria ISIL U.S.-foreign-policy coalition-of-the-unwilling

shared by Paul Merrell on 01 Dec 15 - No Cached
  • “We have mobilized 65 countries to go after ISIL,” Mr. Obama told reporters while on a trip to Turkey, using an acronym for the group. “The United States has built and led a broad coalition against ISIL of some 65 nations,” he said several days later.“The United States, France and our coalition of some 65 nations have been united in one mission — to destroy these ISIL terrorists,” he added a few days after that.The president has sought to evoke the sort of grand coalition the United States led in World War II. But when it comes to the war part of the war against the Islamic State, the 65-member coalition begins to shrink rapidly down to a coalition of just a handful.
  • As of Nov. 19, the United States had conducted 6,471 of the 8,289 airstrikes against the Islamic State, according to the Pentagon. American warplanes carried out about two-thirds of the strikes on Iraqi territory and 95 percent of those on Syrian territory. Australia, Canada, France and Jordan have conducted strikes in both countries. Belgium, Denmark, the Netherlands and Britain have participated just in Iraq, while Bahrain, Saudi Arabia, Turkey and the United Arab Emirates have participated just in Syria.That leaves more than 50 other coalition members that have never been directly involved in the air campaign. Some early participants, like Saudi Arabia, Bahrain, Jordan and the U.A.E., have not conducted a strike in months. While France has stepped up its strikes since the Paris attacks, Canada’s new prime minister is sticking to his vow to pull its six CF-18 fighter jets out of the bombing campaign, although Canadian surveillance and refueling aircraft may stay with the mission.
  • The Obama administration considers just 24 of the countries to be part of the core group that meets quarterly. The Italians are training Iraqi police officers, the Germans and Emiratis are working with 20 countries to stabilize war-torn areas, and 18 countries are training Iraqi and Kurdish military.But many others seem included in the membership rolls because they have adopted policies protecting their own security. Countries like Kuwait and Tunisia have broken up Islamist cells. Sweden is speeding up legislation to curb the abuse of Swedish passports and to criminalize foreign fighters. Albania approved a national strategy to combat violent extremism. Other members include Luxembourg, Montenegro, Iceland, Taiwan, Singapore, Bosnia and Herzegovina, Latvia, and Kosovo.
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  • One reason Mr. Obama has emphasized the size of the coalition lately has been to isolate Russia, which has begun its own military operations in Syria, independent of the United States and its allies, to bolster the government of President Bashar al-Assad.“We’ve got a coalition of 65 countries who’ve been active in pushing back against ISIL for quite some time,” Mr. Obama said last week. “Russia right now is a coalition of two — Iran and Russia, supporting Assad.”At a briefing this month, John Kirby, the State Department spokesman, defended the coalition when a reporter suggested Russia was doing more than many members.“It’s a coalition of the willing, which means every nation has to be willing to contribute what they can,” Mr. Kirby said. Not everyone can conduct airstrikes, he added, “but that doesn’t mean that other nations’ contributions aren’t important.”
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