Group items tagged

Filter: All | Bookmarks | Topics Simple Middle

Israeli officials head to France in last-minute bid to block nuclear deal | World news ... - 0 views

www.theguardian.com/...-france-stop-iran-nuclear-deal

war & peace Iran-negotiations Israel France

shared by Paul Merrell on 24 Mar 15 - No Cached

Unable to find support from its US allies, Israel is turning to France to help head off what it sees as a bad and dangerous nuclear deal with Iran.
...

Cancel
In an interview with the Associated Press in Paris, the Israeli intelligence minister, Yuval Steinitz, said on Monday that dialogue with France over Iran’s nuclear program “has proven in the past that it was productive” and makes this week’s last-minute diplomatic mission to Paris worthwhile. France played a key role strengthening an interim agreement with Iran in late 2013 that froze important parts of the Islamic republic’s nuclear program in exchange for some relief from western sanctions. The so-called P5+1 group – Britain, China, France, Russia, the United States and Germany – is attempting to reach a final nuclear deal with Iran before a deadline expires at the end of the month.
...

Cancel
The Iranian president, Hassan Rouhani, said on Saturday that “achieving a deal is possible” by the target date. A preliminary accord then is meant to lead to a final deal by the end of June that would permanently crimp Tehran’s nuclear programs in exchange for the lifting of sanctions. Iran claims that its program is only aimed at generating power, but other nations fear it is trying to develop nuclear weapons.
...

Cancel
...2 more annotations...
Steinitz and Israel’s national security adviser, Yossi Cohen, were meeting with the French foreign minister, Laurent Fabius, and other top diplomats involved in the Iran talks. He told the AP only a deal that “dismantles, not simply freezes” Iran’s nuclear program would be acceptable. France has been more hawkish than the US at the negotiating table, reportedly demanding more stringent restrictions than other western delegations. Shimon Stein, a former Israeli ambassador to Germany who has been briefed on the P5+1 efforts with Iran, says Steinitz’s trip to France is a natural course of action given Israel’s opposition and the way the talks have been progressing. He said Prime Minister Benjamin Netanyahu’s 3 March address to Congress essentially exhausted the American option for Israel, and it is now trying to exert its influence against the deal wherever that is possible. Against a perception that the Americans are rushing to a deal and willing to cut corners to do so, he said France has become a potential ally from Israel’s perspective, supplanting Britain as the most hawkish European country regarding Iran.
...

Cancel
“It’s only natural that given Netanyahu’s concern of a deal with Iran that he would turn to France,” Stein said. “France is the weak link among the group.” In the interview Steinitz declined to discuss what would happen if the deal now on the table goes through. “We don’t have a plan B, we only have a plan A and this is to try to prevent a bad deal with Iran or at least to try to make it more reasonable and to close some of the gaps and loopholes that made it even worse,” he said. In Tehran on Monday, an Iranian nuclear negotiator urged world powers to find a “common position” to achieve a “balanced” final nuclear deal. The deputy foreign minister, Abbas Araghchi, said Iran saw a lack of coordination among the six-nation group at the latest round of talks. The US and Iran broke off nuclear negotiations in Lausanne, Switzerland, on Friday for consultations but they are to resume the talks on Wednesday. Iran and the US have reported substantial progress in the talks but also say gaps remain. President Rouhani said on Saturday that “there is nothing that can’t be resolved”.
...

Cancel

Paul Merrell on 24 Mar 15

"He said Prime Minister Benjamin Netanyahu's 3 March address to Congress essentially exhausted the American option for Israel ..." If true, then the battleground has shifted from Congress to France.

<div class="cArrow"> </div><div class="cContentInner">"He said Prime Minister Benjamin Netanyahu's 3 March address to Congress essentially exhausted the American option for Israel ..." If true, then the battleground has shifted from Congress to France.</div>

...

Cancel

JFK Assassination Plot Mirrored in France: Part 2 - WhoWhatWhy - 0 views

whowhatwhy.org/...plot-mirrored-in-france-part-2

war & peace CIA JFK France coup-attempts

shared by Paul Merrell on 22 Oct 15 - No Cached

What the colonial powers have done in Muslim countries is well known. Less well known are the machinations of Allen Dulles and the CIA in one of these colonial powers, France.Without the knowledge or consent of President John F. Kennedy, Allen Dulles orchestrated the efforts of retired French generals, rightwing French, Nazi sympathizers, and at least one White Russian, to overthrow Charles de Gaulle, who wanted to give Algeria its independence. Dulles et al feared an independent Algeria would go Communist, giving the Soviets a base in Africa.And there was another reason to hang onto Algeria: its natural resources. According to the US Energy Information Administration, it is “the leading natural gas producer in Africa, the second-largest natural gas supplier to Europe outside of the region, and is among the top three oil producers in Africa.”We note with great interest that the plot to bring down Charles De Gaulle — the kind of people involved, the role of Allen Dulles, the motive behind it — all bear an eerie similarity to the circumstances surrounding the assassination of John F. Kennedy. But that is another story.
...

Cancel
As we have said earlier, Dulles’s job, simply put, was to hijack the US government to benefit the wealthy. And in this fascinating series of excerpts from David Talbot’s new biography on Dulles, we see how his reach extended deeply into the government of France.WhoWhatWhy Introduction by Milicent CranorThis is the second of a three-part series of excerpts from Chapter 15 (“Contempt”) of The Devil’s Chessboard: Allen Dulles, the CIA, and the Rise of the American Secret Government. HarperCollins Publishers, 2015. Go here to see Part 1. Previously, we presented excerpts from Chapter 20, and to see them, go here, here, and here.
...

Cancel
When the coup against de Gaulle began three months later, Kennedy was still in the dark. It was a tumultuous time for the young administration. As he continued to wrestle with fallout from the Bay of Pigs crisis, JFK was suddenly besieged with howls of outrage from a major ally, accusing his own security services of seditious activity.
...

Cancel
...7 more annotations...
It was a stinging embarrassment for the new American president, who was scheduled to fly to Paris for a state visit the following month. To add to the insult, the coup had been triggered by de Gaulle’s efforts to bring French colonial rule in Algeria to an end — a goal that JFK himself had ardently championed.The CIA’s support for the coup was one more defiant display of contempt — a back of the hand aimed not only at de Gaulle but at Kennedy.JFK took pains to assure Paris that he strongly supported de Gaulle’s presidency, phoning Hervé Alphand, the French ambassador in Washington, to directly communicate these assurances. But, according to Alphand, Kennedy’s disavowal of official US involvement in the coup came with a disturbing addendum — the American president could not vouch for his own intelligence agency. Kennedy told Alphand that “the CIA is such a vast and poorly controlled machine that the most unlikely maneuvers might be true.”
...

Cancel
But at eight o’clock that evening, a defiant de Gaulle went on the air, as nearly all of France gathered around the TV, and rallied his nation with the most inspiring address of his long public career. He looked exhausted, with dark circles under his eyes. But he had put on his soldier’s uniform for the occasion, and his voice was full of passion.De Gaulle began by denouncing the rebellious generals. The nation had been betrayed “by men whose duty, honor and raison d’être it was to serve and to obey.” Now it was the duty of every French citizen to protect the nation from these military traitors. “In the name of France,” de Gaulle shouted, thumping the table in front of him, “I order that all means — I repeat all means — be employed to block the road everywhere to those men!”De Gaulle’s final words were a battle cry. “Françaises, Français! Aidez moi!” And all over France, millions of people did rush to the aid of their nation. The following day, a general strike was organized to protest the putsch. Led primarily by the left, including labor unions and the Communist Party, the mass protest won broad political support.Over ten million people joined the nationwide demonstrations, with hundreds of thousands marching in the streets of Paris, carrying banners proclaiming “Peace in Algeria” and shouting, “Fascism will not pass!” Even police officers associations expressed “complete solidarity” with the protests, as did the Roman Catholic Confederation, which denounced the “criminal acts” of the coup leaders, warning that they “threaten to plunge the country into civil war.”
...

Cancel
In the wake of the crises in Cuba and France provoked by his own security officials, Kennedy began to display a new boldness. JFK’s assertiveness surprised CIA officials, who had apparently counted on Kennedy to be sidelined during the French coup.Agency officials assured coup leaders that the president would be too “absorbed in the Cuban affair” to act decisively against the plot. But JFK did react quickly to the French crisis, putting on high alert Ambassador Gavin, a decorated paratrooper commander in World War II who could be counted on to keep NATO forces in line. The president also dispatched his French speaking press spokesman, Pierre Salinger, to Paris to communicate directly with Élysée Palace officials.As Paris officials knew, the new American president already had something of a prickly relationship with de Gaulle, but he had strong feelings for France — and they made sure to absolve JFK of personal responsibility for the coup in their leaks to the press. French press accounts referred to the CIA as a “reactionary state within a state” that operated outside of Kennedy’s control.
...

Cancel
But it was de Gaulle himself, and the French people, who turned the tide against the coup. By Sunday, the second day of the coup, a dark foreboding had settled over Paris. “I am surprised that you are still alive,” the president of France’s National Assembly bluntly told de Gaulle that morning. “If I were Challe, I would have already swooped down on Paris; the army here will move out of the way rather than shoot…. If I were in the position Challe put himself in, as soon as I burst in, I would have you executed with a bullet in the back, here in the stairwell, and say you were trying to flee.” De Gaulle himself realized that if Challe did airlift his troops from Algiers to France, “there was not much to stop them.”
...

Cancel
This admission of presidential impotence, which Alphand reported to Paris, was a startling moment in US foreign relations, though it remains largely unknown today. Kennedy then underlined how deeply estranged he was from his own security machinery by taking the extraordinary step of asking Alphand for the French government’s help to track down the US officials behind the coup, promising to fully punish them.“[Kennedy] would be quite ready to take all necessary measures in the interest of good Franco-American relations, whatever the rank or functions of [the] incriminated people,” Alphand cabled French foreign minister Maurice Couve de Murville.
...

Cancel
Hundreds of people rushed to the nation’s airfields and prepared to block the runways with their vehicles if Challe’s planes tried to land. Others gathered outside government ministries in Paris to guard them against attack. André Malraux, the great novelist turned minister of culture, threaded his way through one such crowd, handing out helmets and uniforms. Meanwhile, at the huge Renault factory on the outskirts of Paris, workers took control of the sprawling complex and formed militias, demanding weapons from the government so that they could fend off rebel assaults.“In many ways, France, and particularly Paris, relived its great revolutionary past Sunday night and Monday — the past of the revolutionary barricades, of vigilance committees and of workers’ councils,” reported The New York Times.
...

Cancel
De Gaulle’s ringing address to the nation and the massive public response had a sobering effect on the French military. Challe’s support quickly began melting away, even — humiliatingly — within the ranks of his own military branch, the air force. Pilots flew their planes out of Algeria, and others feigned mechanical troubles, depriving Challe’s troops of the air transport they needed to descend on Paris.Meanwhile, de Gaulle moved quickly to arrest military officers in France who were involved in the coup. Police swooped down on the Paris apartment of an army captain who was plotting pro-putsch street riots, and de Gaulle’s minister of the interior seized the general in charge of the rebel forces that were gathered in the forests outside Paris. Deprived of their leader, the insurrectionary units sheepishly began to disperse.By Tuesday night, Challe knew that the coup had failed. The next day, he surrendered and was flown to Paris. Challe emerged from the plane “carrying his own suitcase, looking crumpled and insignificant in civilian clothes,” according to Time. “He stumbled at the foot of the landing steps, [falling] heavily on his hands and knees.” It was an ignominious homecoming for the man who had fully believed that, with US support, he was to replace the great de Gaulle.
...

Cancel

France Targeted by NSA Spies and Parliament Passes Surveillance Law - 0 views

firstlook.org/...ng-passes-new-surveillance-law

surveillance state NSA France protest legislation

shared by Paul Merrell on 26 Jun 15 - No Cached

On Wednesday, France woke up to find that the National Security Agency had been snooping on the phones of its last three presidents. Top-secret documents provided by WikiLeaks to two media outlets, Mediapart and Libération, showed that the NSA had access to confidential conversations of France’s highest ranking officials, including the country’s current president, François Hollande; the prime minister in 2012, Jean-Marc Ayrault; and former presidents Nicolas Sarkozy and Jacques Chirac. Yet also today, the lower house of France’s legislature, the National Assembly, passed a sweeping surveillance law. The law provides a new framework for the country’s intelligence agencies to expand their surveillance activities. Opponents of the law were quick to mock the government for vigorously protesting being surveilled by one of the country’s closest allies while passing a law that gives its own intelligence services vast powers with what its opponents regard as little oversight. But for those who support the new law, the new revelations of NSA spying showed the urgent need to update the tools available to France’s spies.
...

Cancel
The response from the French government today was firm but predictable. Senior intelligence officials will travel to the U.S. to meet their counterparts in Washington, while the U.S. ambassador in Paris was summoned to the Elysee Palace. A similar scenario played out in 2013, when Le Monde published Snowden documents that revealed some of the extent of American surveillance in France. Prime Minister Manuel Valls said today that he wants a “code of conduct” to guide the relationship between France and the U.S. on intelligence activities — but the government demanded the exact same thing almost two years ago. When The Intercept published NSA documents in March indicating the Five Eyes — the NSA’s core allies — were intercepting large swaths of internet traffic in France’s Pacific islands, an official protest from France was nowhere to be heard. Even when it appeared that France’s closest ally, Germany, was using its surveillance capabilities to spy, on behalf of the NSA, on France’s foreign affairs ministry and some of the country’s most strategic companies, French authorities remained silent.
...

Cancel
Until the law was passed, France’s intelligence services operated almost without any laws to regulate them. Although the new law delivers a much-needed framework, its safeguards are regarded by many critics as insufficient. The powers of the oversight body in charge of the intelligence agencies have been slightly strengthened and it will be possible, if a citizen suspects she is being surveilled, to take her case before the Conseil d’Etat, France’s highest court. But other parts of the law have drawn controversy, including the way it defines the purposes the government can invoke to surveil French residents. The categories extend well beyond terrorism. Many opponents of the law think these guidelines are so broad that they could enable political surveillance. But the key point of disagreement is what the government calls “black boxes.” The law allows the use of government equipment inside Internet Service Providers and large web companies to analyze streams of metadata and find “terrorist” patterns and behaviors.
...

Cancel
...1 more annotation...
The country’s intelligence community got everything it wanted — almost. An amendment that would remove any oversight of surveillance of foreigners, targeting chief executives and foreign spies, had been demanded by France’s top spy, Bernard Bajolet, the director general of external security, during a hearing at the National Assembly a few weeks ago, but the government opposed it and managed to get rid of it before the final vote. Yet, the government added a last minute amendment that tears to pieces the meager whistleblower protection the bill was supposed to set up. The end result is that most of what France’s intelligence services have been doing in the dark is now authorized by law.
...

Cancel

France loans Egypt 3.2B euros for Defense Deal: French U-Turn? | nsnbc international - 0 views

nsnbc.me/...for-defense-deal-french-u-turn

war & peace Egypt France Germany Russia U.S. UK MENA-split

shared by Paul Merrell on 01 Mar 15 - No Cached

Egyptian President Abdel Fatah Al-Sisi announced on Saturday that the French government of PM Francois Hollande has granted Egypt a 3.2 billion euro loan for deals about military equipment between the two nations. The development comes against the backdrop of an increasingly confident continental European, French – German-led policy that opposes primarily an US/UK driven policy of tension and terrorism in the MENA region and could signal a long-awaited departure from the destructive role France played in Libya.  French Defense Minister Jean-Yves Le Drian visited Egypt in February with other French officials to sign a deal on the sale of 24 Rafale fighter jets, a naval frigate and related military equipment, reports The Cairo Post.
...

Cancel
Egypt has since also signed significant defense deals with Russia. Egypt’s Defense Minister Sedki Sobhi is currently in Russia to discuss further Russian – Egyptian defense cooperation in combating terrorism and the delivery of Russian MiG-35 jets to Egypt.
...

Cancel
French arms sales to Egypt are not unusual. What, according to some analysts, could suggest the beginning of a French U-Turn with regards to the French role in North Africa and Libya is that the administration of Francois Hollande cannot other than be cognizant of the fact that the French jets and naval vessels will strengthen an Egypt that struggles with countering the aftershocks of the 2011 “Arab Spring” in Egypt, in Libya, as well as in Syria.
...

Cancel
...1 more annotation...
Another indicator is, according to several analysts, that France and Germany are increasingly working towards the establishment of a continental European consensus that aims at ending a predominantly US/UK-driven policy of tensions directed against Russia. These trends include closer ties between the European Union and the Eurasian Economic Union as part of a long-term solution for Europe and Ukraine. The question whether the French 3.2 billion euro loan to Egypt is “business as usual” for a major arms exporter as France, or whether it signals a long-awaited U-turn within the French Socialist Party led government of Francois Hollande is not necessarily unjustified. Time will tell whether the warning by the senior French Statesman and former French Foreign Minister Roland Dumas, that France has become “the vanguard dog of NATO” has had a long-anticipated effect within the French Socialist Party and Hollande’s administration.
...

Cancel

By "Punishing" France, The US Just Accelerated The Demise Of The Dollar | Zero Hedge - 0 views

www.zerohedge.com/...st-accelerated-demise-dollar-0

de-dollarization France reserve currrencies China remnibi

shared by Paul Merrell on 06 Jul 14 - No Cached

Not even we anticipated this particular "unintended consequence" as a result of the US multi-billion dollar fine on BNP (which France took very much to heart). Moments ago, in a lengthy interview given to French magazine Investir, none other than the governor of the French National Bank Christian Noyer and member of the ECB's governing board, said this stunner at the very end, via Bloomberg: NOYER: BNP CASE WILL ENCOURAGE ‘DIVERSIFICATION’ FROM DOLLAR Here is the full google translated segment:
...

Cancel
Q. Doesn't the role of the dollar as an international currency create systemic risk?   Noyer: Beyond [the BNP] case, increased legal risks from the application of U.S. rules to all dollar transactions around the world will encourage a diversification from the dollar. BNP Paribas was the occasion for many observers to remember that there has been a number of sanctions and that there would certainly be others in the future. A movement to diversify the currencies used in international trade is inevitable. Trade between Europe and China does not need to use the dollar and may be read and fully paid in euros or renminbi. Walking towards a multipolar world is the natural monetary policy, since there are several major economic and monetary powerful ensembles. China has decided to develop the renminbi as a settlement currency. The Bank of France was behind the popular ECB-PBOC swap and we have just concluded a memorandum on the creation of a system of offshore renminbi clearing in Paris. We have very strong cooperation with the PBOC in this field. But these changes take time. We must not forget that it took decades after the United States became the world's largest economy for the dollar to replace the British pound as the first international currency. But the phenomenon of U.S. rules expanding to all USD-denominated transactions around the world can have an accelerating effect. In other words, the head of the French central bank, and ECB member, Christian Noyer, just issued a direct threat to the world's reserve currency (for now), the US Dollar.
...

Cancel
Putting this whole episode in context: in an attempt to punish France for proceeding with the delivery of the Mistral amphibious warship to Russia, the US "punishes" BNP with a failed attempt at blackmail (recall that as Putin revealed, the BNP penalty was a used as a carrot to disincenticize France from concluding the Mistral transaction: had Hollande scrapped the deal, BNP would likely be slammed with a far lower fine, if any). Said blackmail attempt backfires horribly when as a result, the head of the French central bank makes it clear that not only is the US Dollar's reserve currency status not sacrosanct, but "the world" will now actively seek to avoid USD-transactions in order to escape the tentacle of global "pax Americana." And, the biggest irony of all is that in "punishing" France for dealing with Russia, that core country of the Eurasian alliance of Russia and China, the US merely accelerated the gravitation of France (and all of Europe) precisely toward Eurasia, toward a multi-polar (sorry fanatic believers in a one world SDR-based currency) and away from the greenback.
...

Cancel

France, Germany and Russia boost Cooperation in Syria - nsnbc international | nsnbc int... - 0 views

nsnbc.me/...sia-boost-cooperation-in-syria

war & peace Syria ISIL Russia France Germany Egypt Nigeria Mali

shared by Paul Merrell on 27 Nov 15 - No Cached

France, Germany and Russia boost their cooperation in the fight against terrorist brigades in Syria. French President Francois Hollande and Russian President Vladimir Putin agreed to share intelligence while Germany deploys six Tornado reconnaissance jets to Syria.
...

Cancel
French President Francois Hollande met his Russian counterpart in Moscow on Thursday. Hollande and Putin gave a joint press conference, saying that France and Russia agreed to exchange intelligence data about Islamic State (a.k.a. ISIS, ISIL or Daesh) and other jihadist insurgencies in Syria. President Hollande stated: “What we agreed, and this is important, is to strike only terrorists and Daesh (Islamic State) and to not strike forces that are fighting terrorism. We will exchange information about whom to hit and whom not to hit”.
...

Cancel
Putin also stressed that the Syrian Arab Army is playing a key role in combating terrorism in Syria and that it is impossible to successfully fight terrorism in Syria without the Syrian Arab Army’s role on the ground. Russian Foreign Minister Sergey Lavrov, for his part said that Russia was ready to participate in steps to close the Turkish – Syrian border to avoid that terrorist brigades receive supplies via Turkey. Russian – Turkish relations have been stressed since a Turkish F-16 recently shot down a Russian Su-24 front-line bomber over Syrian airspace. Turkey’s President R. Tayyip Erdogan, who received some criticism from Turkey’s NATO partners has according to the Russian Presidency asked for a meeting with President Putin to be held on November 30. A formal request came reportedly through the Foreign Ministry. With Germany also entering the Syrian anti-terrorism theater, one can see a shimmer of a French, German, Russian cooperation, not unlike to the so-called Normandy Four format that has brought about the Minsk Accord and a ceasefire in Ukraine.
...

Cancel
...1 more annotation...
The German government agreed to deploy six Tornado jets to conduct observation and intelligence gathering tasks over Syria. German naval Corvettes in the region have reportedly been tasked with providing security for the French aircraft carrier Charles De Gaulle in the Mediterranean. Russian President Putin previously instructed Russian naval vessels in the Mediterranean to cooperate with the French navy in the region. Putin and Hollande noted that they also had discussed terrorism in Africa, including Egypt, Nigeria and Mali. Earlier this week Egypt and Russia agreed on signing a protocol that allows Russian warships in Egyptian waters, including the Suez Canal.
...

Cancel

Paul Merrell on 27 Nov 15

So the U.S. refuses to share intelligence with Russia and won't even identify the groups the U.S. doesn't want Russia to bomb. But France and Germany are joining Russia to close the Turkey/Syria border to end terrorist group supplies and replacements. Turkey and the U.S., along with France and Germany being NATO, and it starts looking like perhaps the beginning of NATO's unwinding. Does the U.S. still have a Mideast foreign policy? If so, it looks to be lying in tatters.

<div class="cArrow"> </div><div class="cContentInner">So the U.S. refuses to share intelligence with Russia and won't even identify the groups the U.S. doesn't want Russia to bomb. But France and Germany are joining Russia to close the Turkey/Syria border to end terrorist group supplies and replacements. Turkey and the U.S., along with France and Germany being NATO, and it starts looking like perhaps the beginning of NATO's unwinding. Does the U.S. still have a Mideast foreign policy? If so, it looks to be lying in tatters. </div>

...

Cancel

France Broadens Its Surveillance Power - NYTimes.com - 0 views

www.nytimes.com/...ns-its-surveillance-power.html

surveillance state France NSA

shared by Paul Merrell on 16 Dec 13 - No Cached

For all their indignation last summer, when the scope of the United States’ mass data collection began to be made public, the French are hardly innocents in the realm of electronic surveillance. Within days of the reports about the National Security Agency’s activities, it was revealed that French intelligence services operated a similar system, with similarly minimal oversight.
...

Cancel
And last week, with little public debate, the legislature approved a law that critics feared would markedly expand electronic surveillance of French residents and businesses. The provision, quietly passed as part of a routine military spending bill, defines the conditions under which intelligence agencies may gain access to or record telephone conversations, emails, Internet activity, personal location data and other electronic communications.
...

Cancel
The law provides for no judicial oversight and allows electronic surveillance for a broad range of purposes, including “national security,” the protection of France’s “scientific and economic potential” and prevention of “terrorism” or “criminality.” In an unusual alliance, Internet and corporate groups, human rights organizations and a small number of lawmakers have opposed the law as a threat to business or an encroachment on individual rights. The government argues that the law, which does not take effect until 2015, does little to expand intelligence powers. Rather, officials say, those powers have been in place for years, and the law creates rules where there had been none, notably with regard to real-time location tracking.
...

Cancel
...1 more annotation...
While conceding that the new law “does effectively expand the existing regime to adapt it to the missions and reality of our intelligence services,” Defense Minister Jean-Yves Le Drian told the Senate that “it especially reinforces oversight as compared with the current situation.” In effect, analysts say, the government has either staked out rights to a vast new range of surveillance practices, or acknowledged that it has already been collecting far more data, under far less regulated circumstances, than people realized. Neither prospect is terribly comforting to the law’s opponents.
...

Cancel

Paul Merrell on 16 Dec 13

I've got a different take on this: the NSA's advocates just got handed a giant "see, we're not as bad as other nations" plum. The question in my mind is whether there was a quid pro quo given by the NSA advocates for France's action.

<div class="cArrow"> </div><div class="cContentInner">I've got a different take on this: the NSA's advocates just got handed a giant "see, we're not as bad as other nations" plum. The question in my mind is whether there was a quid pro quo given by the NSA advocates for France's action. </div>

...

Cancel

Transatlantic Trade and Investment Partnership (TTIP) Negotiations Fall Apart Following... - 0 views

www.globalresearch.ca/...5479985

TTIP EU negotiations France

shared by Paul Merrell on 07 Oct 15 - No Cached

Back in January the EU Commission published their response to the consultation on TTIP and it was found that 97% of the 150,000 responses opposed the trade deal. These respondents represented the general public. The biggest petition in the EU’s history was then presented that contained the signatures of 2 million citizens (now nearly 3 million) opposed to TTIP. Both were rejected as were proposals even for a simple hearing of the European Citizens Initiative. Then in April this year, thousands of protestors took to the streets of cities all over Europe as unelected officials of the EU Commission continue to ignore the concerns of its citizens. In June, fellow MEPs from many political parties who are also opposed to TTIP joined Ukip in standing, shouting, booing and clapping to show their dissatisfaction with proceedings. MEPs were due to set out their first formal position on TTIP since negotiations started two years ago and the meeting descended into chaos (video). The meeting was then stopped by the commissioners. Meanwhile David Cameron has persistently attempted to call out those working to derail the deal. Cameron has accused critics of inventing false scare stories whilst urging business chiefs to help make the case to overcome sustained attacks from left-wing opponents and warned Britain would “rue the day if we miss this opportunity” to open up transatlantic markets.
...

Cancel
Private arbitration of disputes between States and businesses. Such a procedure is strictly contrary to the idea that I have of the      sovereignty of States. … Any questioning of the European system of appellations of origin. According to the US proposal, there would be a non-binding register, and only for wines and spirits. Such a reform would kill many European local products, whose value is based on their certified origin. Signing of an agreement with a power that legalizes widespread and systematic spying on my fellow European citizens and European businesses. As long as the agreement does not protect the personal data of European and US citizens, it cannot be signed. Allowing the United States proposal of a transatlantic common financial space, who adamantly refuse a common regulation of finance, and they refuse to abolish systematic discrimination by the US financial markets against European financial services. The questioning of European health protections. We do not want our animals treated with growth hormones nor products derived from GMOs, or chemical decontamination of meat, or of genetically modified seeds or non-therapeutic antibiotics in animal feed.
...

Cancel
Fekl, the Minister of State for Foreign Trade called on the United States to show “reciprocity” in the negotiations. “American members of parliament have access to a much higher number of documents than we do in Europe,” he said. The German people are now taking a stand and now it is being reported in the USA that sentiment is going against the deal – “It is entirely possible that the U.S. could seek to conclude the deal in the next few years only to find that European governments are unwilling to risk the ire of their voters”. Matthias Fekl, explained that, ever since the negotiations began in 2013, “These negotiations have been and are being conducted in a total lack of transparency,” and that France has, as of yet, received “no serious offer from the Americans.” The reasons for this stunning public rejection had probably already been accurately listed more than a year ago. Jean Arthuis, a member of the European Parliament, and formerly France’s Minister of Economy and Finance, headlined in Le Figaro, on 10 April 2014, “7 good reasons to oppose the transatlantic treaty”. There is no indication that the situation has changed since then, as regards the basic demands that President Obama is making. Arthuis said at that time, that he was opposed to;
...

Cancel
...3 more annotations...
Cameron, who (increasingly) seldom listens to the general public or elected members of parliament representing the electorate will no doubt use all his powers to get this deal though to redeem himself after being called incompetent by his own military generals and by the Obama administration over Syria. In sharp comparison, both Paris and Berlin want the Investor State Dispute Settlement mechanism (ISDS) of TTIP removed from the transatlantic trade treaty currently being negotiated with Washington. This is a game changer. Matthias Fekl, the French Secretary of State for Foreign Trade, told EurActiv France that he would “never allow private tribunals in the pay of multinational companies to dictate the policies of sovereign states, particularly in certain domains like health and the environment”. That was back in January. Nine months later and France has now reinforced that message and gone one big step forward. In an interview with Sud-Ouest, Matthias Fekl threatened to “call a complete halt” to the TTIP negotiations if things do not change. EurActiv France reports. America has shown no desire to change any of the major issues that have been challenged. Fekl told the French newspaper that he believes the “total lack of transparency” in the Transatlantic Trade and Investment Partnership (TTIP) negotiations poses a “democratic problem”.
...

Cancel
The signing of an agreement if it does not include the end of the US monetary dumping. Since the abolition of the gold convertibility of the dollar and the transition to the system of floating exchange rates, the dollar is both American national currency and the main unit for exchange reserves in the world. The Federal Reserve then continually practices monetary dumping, by influencing the amount of dollars available to facilitate exports from the United States. As things now stand, America’s monetary weapon has the same effect as customs duties against every other nation. [And he will not sign unless it’s removed.] Allow the emerging digital services in Europe to be swept up by US giants such as Google, Amazon or Netflix. They’re giant absolute masters in tax optimization, which make Europe a “digital colony.”
...

Cancel
France is now considering “all options including an outright termination of negotiations” says France’s Trade Minister.
...

Cancel

Paris Shooters Just Returned from NATO's Proxy War in Syria | nsnbc international - 0 views

nsnbc.me/...-from-natos-proxy-war-in-syria

war & peace France false-flag terrorists™ Charlie-Hedbo

shared by Paul Merrell on 09 Jan 15 - No Cached

In an all too familiar pattern and as predicted, the shooters involved in the attack in Paris Wednesday, January 7, 2015, were French citizens, radicalized in Europe and exported to Syria to fight in NATO’s proxy war against the government in Damascus, then brought back where they have now carried out a domestic attack. Additionally, as have been many other domestic attacks, the suspects were long under the watch of Western intelligence services, with at least one suspect having already been arrested on terrorism charges.
...

Cancel
USA Today would report in an article titled, “Manhunt continues for two French terror suspects,” that: The suspects are two brothers — Said, 34, and Cherif Kouachi, 32, both French nationals — and Hamyd Mourad, 18, whose nationality wasn’t known, a Paris police official told the Associated Press. He spoke on condition of anonymity because he was not authorized to speak publicly. USA Today would also report (emphasis added): The brothers were born in Paris of Algerian descent. Cherif was sentenced to three years in prison on terrorism charges in May 2008. Both brothers returned from Syria this summer.
...

Cancel
As with any false flag attack engineered by a government for the purpose of manipulating public perception and pushing through otherwise unjustifiable policy both foreign and domestic, a series of canards are erected to distract the public from the true nature of the attack. In the recent attack in Paris, France, the canards of “free speech,” “condemning radical Islam,” “tolerance,” and “extremism” have all taken center stage, displacing the fact that the terrorists who carried out the attack were long on the leash not of “Islamic extremists” but Western intelligence agencies, fighting in a Western proxy war, as a member of a well-funded, armed, and trained mercenary force that has, on record since as early as 2007, been an essential component of Western foreign policy. Indeed, Al Qaeda and its various rebrandings are not the creation of “Islamic extremism,” but rather Western foreign policy using “extremism” as part of indoctrinating the rank and file, but directed by and solely for the purpose of serving an entirely Western agenda.
...

Cancel
...3 more annotations...
The implications of yet another case of Western-radicalized terrorists, first exported to fight NATO’s proxy war in Syria, then imported and well-known to Western intelligence agencies, being able to carry out a highly organized, well-executed attack, is that the attack itself was sanctioned and engineered by Western intelligence agencies themselves,. This mirrors almost verbatim the type of operations NATO intelligence carried out during the Cold War with similar networks of radicalized militants used both as foreign mercenaries and domestic provocateurs. Toward the end of the Cold War, one of these militant groups was literally Al Qaeda – a proxy mercenary front armed, funded, and employed by the West to this very day. Additionally, in all likelihood, the brothers who took part in the attack in Paris may have been fighting in Syria with weapons provided to them by the French government itself.  France 24 would report last year in an article titled, “France delivered arms to Syrian rebels, Hollande confirms,” that: President Francois Hollande said on Thursday that France had delivered weapons to rebels battling the Syrian regime of Bashar al-Assad “a few months ago.” Deflecting blame for the current attack on “radical Islam” is but a canard obscuring the truth that these terrorists were created intentionally by the West, to fight the West’s enemies abroad, and to intimidate and terrorize their populations at home.
...

Cancel
As exposed by Pulitzer Prize-winning journalist Seymour Hersh in his 2007 article,  “The Redirection: Is the Administration’s new policy benefiting our enemies in the war on terrorism?” it was stated explicitly that (emphasis added): To undermine Iran, which is predominantly Shiite, the Bush Administration has decided, in effect, to reconfigure its priorities in the Middle East. In Lebanon, the Administration has coöperated with Saudi Arabia’s government, which is Sunni, in clandestine operations that are intended to weaken Hezbollah, the Shiite organization that is backed by Iran. The U.S. has also taken part in clandestine operations aimed at Iran and its ally Syria. A by-product of these activities has been the bolstering of Sunni extremist groups that espouse a militant vision of Islam and are hostile to America and sympathetic to Al Qaeda.  To this day, the US, its NATO partners including Turkey, and regional partners including Israel, Saudi Arabia, and Qatar are arming, funding, harboring, training, and otherwise perpetuating these “Islamic extremists” within and along both Syria and now Iraq’s borders.
...

Cancel
In reality, without Western backing, “laundered” through the Persian Gulf autocracies and manifesting themselves in a global network of mosques jointly run by Persian Gulf and Western intelligence agencies, there would be no “Islamic extremism” to speak of. To focus on “extremism” as a cause, rather than as a means used by the true perpetrators of this global-spanning campaign of Western-sanctioned terrorism, is not only to perpetuate such canards, but to invite the perpetuation of this very terrorism we are shocked and horrified by.
...

Cancel

Paul Merrell on 09 Jan 15

Cartalucci appears to be stretching the evidence a bit here. The possibility remains that the Paris attack was "blowback" not approved by western covert action agency. But in that event, the involved agency's monitoring of the monsters it creates was certainly deficient.

<div class="cArrow"> </div><div class="cContentInner">Cartalucci appears to be stretching the evidence a bit here. The possibility remains that the Paris attack was "blowback" not approved by western covert action agency. But in that event, the involved agency's monitoring of the monsters it creates was certainly deficient. </div>

...

Cancel

Is democracy a trade barrier? | European Public Affairs - 0 views

www.europeanpublicaffairs.eu/is-democracy-a-trade-barrier

TTIP

shared by Gary Edwards on 08 Jan 15 - No Cached

The United States and the European Union (EU) are negotiating a trade agreement, the Transatlantic Trade and Investment Partnership (TTIP). The aim is to lower trade barriers. Unfortunately those ‘barriers’ include not just traditional trade tariffs and quotas, but also the laws your elected representatives make.
...

Cancel
This is why the fight against TTIP is a fight for democracy. It is not about protectionism, but rather the protection of our democratic laws over their business interests.
...

Cancel

Gary Edwards on 08 Jan 15

"In a democracy, elected representatives make laws. But with new trade agreements, businesses could co-write legislation. The United States and the European Union (EU) are negotiating a trade agreement, the Transatlantic Trade and Investment Partnership (TTIP). The aim is to lower trade barriers. Unfortunately those 'barriers' include not just traditional trade tariffs and quotas, but also the laws your elected representatives make. For example, Pierre Defraigne, former Deputy Director-General in the EU Commission Department responsible for Trade, sees the core battle of TTIP is over "the norms and standards in terms of environmental, health and consumer protection". This is why the fight against TTIP is a fight for democracy. It is not about protectionism, but rather the protection of our democratic laws over their business interests. If TTIP was to be signed, two new doors will be opened for businesses to influence legislation: 1. Firstly, regulatory co-operation will give access to industry before laws are to be signed. This means regulators and stakeholders work together for the convergence of laws across the Atlantic. 2. And secondly, once laws are enacted, private investors can sue the EU or US in private tribunals, outside of national courts (known as ISDS or investor-state dispute settlement). The example of the chemical Bisphenol A illustrates what both these 'open doors' for business could mean in practice. Used in everything from water bottles to the lining of food cans, Bisphenol A is one of the most ubiquitous endocrine disruptors. As such, it disrupts the hormonal system of the body, which is responsible for all vital features such as growth, sexual development, and even behaviour. Its presence in the natural world is already felt: two out of three fish caught in Austrian rivers are now female. Bisphenol A has been banned in France since 1st January 2015. This ban goes further than the existing EU ban. Meanwhile, Bisphenol A is stil

<div class="cArrow"> </div><div class="cContentInner">"In a democracy, elected representatives make laws. But with new trade agreements, businesses could co-write legislation. The United States and the European Union (EU) are negotiating a trade agreement, the Transatlantic Trade and Investment Partnership (TTIP). The aim is to lower trade barriers. Unfortunately those 'barriers' include not just traditional trade tariffs and quotas, but also the laws your elected representatives make. For example, Pierre Defraigne, former Deputy Director-General in the EU Commission Department responsible for Trade, sees the core battle of TTIP is over "the norms and standards in terms of environmental, health and consumer protection". This is why the fight against TTIP is a fight for democracy. It is not about protectionism, but rather the protection of our democratic laws over their business interests. If TTIP was to be signed, two new doors will be opened for businesses to influence legislation: 1. Firstly, regulatory co-operation will give access to industry before laws are to be signed. This means regulators and stakeholders work together for the convergence of laws across the Atlantic. 2. And secondly, once laws are enacted, private investors can sue the EU or US in private tribunals, outside of national courts (known as ISDS or investor-state dispute settlement). The example of the chemical Bisphenol A illustrates what both these 'open doors' for business could mean in practice. Used in everything from water bottles to the lining of food cans, Bisphenol A is one of the most ubiquitous endocrine disruptors. As such, it disrupts the hormonal system of the body, which is responsible for all vital features such as growth, sexual development, and even behaviour. Its presence in the natural world is already felt: two out of three fish caught in Austrian rivers are now female. Bisphenol A has been banned in France since 1st January 2015. This ban goes further than the existing EU ban. Meanwhile, Bisphenol A is stil</div>

...

Cancel

Why France Sank an Iran Nuke Deal | Consortiumnews - 0 views

consortiumnews.com/...-france-sank-an-iran-nuke-deal

war & peace Saudis Israel France Egypt Syria

shared by Paul Merrell on 12 Nov 13 - No Cached

France’s sabotage of a compromise agreement on Iran’s nuclear program is a textbook case of how the new Saudi-Israel alliance can disrupt President Barack Obama’s strategy for resolving Middle East disputes through diplomacy, not war. Over the summer, Saudi officials including intelligence chief Prince Bandar bin Sultan visited European capitals dangling financial deals and energy concessions to countries if they would line up behind Saudi and Israeli desires for military intervention in the Syrian civil war and heightened economic warfare against Iran. French Foreign Minister Laurent Fabius greets U.S. Secretary of State John Kerry in Paris, France, on Feb. 27, 2013. [State Department photo]The carrots were particularly appealing to the French who are struggling with a sluggish economy, high unemployment and a recent credit downgrade. So, the flash of Saudi petro-dollars got the attention of the French government.
...

Cancel
Just last month, French Defense Minister Jean-Yves Le Drian celebrated the signing of a $1.5 billion deal with Saudi Arabia to overhaul six of its navy ships. In July, Saudi Arabia’s ally, United Arab Emirates, signed a $913 million deal with France to buy two high-resolution Helios military satellites. Other lucrative arms deals are reportedly in the works between France and Saudi Arabia (and its Sunni allies). Saudi Arabia also has deployed its money to bolster France’s sagging agricultural and food sectors, including a Saudi firm buying a major stake in Groupe Doux, Europe’s largest poultry firm based in Brittany. The Saudis, however, had less success with other countries.
...

Cancel
Putin also stepped up his cooperation with President Obama in searching for negotiated settlements to longstanding disagreements in the Middle East, including a U.S.-Russia-brokered deal to get the Syrian government to give up its chemical weapons, a joint push for Syrian peace talks in Geneva and a plan to resolve the Iranian nuclear dispute. But Israeli Prime Minister Benjamin Netanyahu and the Saudi royals favor a more belligerent approach to these conflicts – wanting the United States to bomb Syria and “degrade” its military, demanding the immediate removal of Syrian President Assad, and insisting on a complete capitulation by Iran under threat of crippling economic sanctions or a U.S.-Israeli aerial bombardment. Last weekend – as an interim agreement with Iran was about to be signed by the five United Nations Security Council members plus Germany – the French rushed to the rescue of the Israeli-Saudi alliance, showing up at the last minute to unravel the deal that had been painstakingly knitted together. To the apparent surprise of the Obama administration, the Russians and other governments working on a compromise with Iran over its nuclear program, French Foreign Minister Laurent Fabius joined the talks late and prevented the accord from being signed.
...

Cancel
...2 more annotations...
Much of the subsequent commentary has focused on why the French were coming to the aid of the Israelis in blocking the interim agreement that Netanyahu has denounced in apocalyptic terms. But France’s interest in undercutting the deal can perhaps best be understood by factoring in the Saudi money. Indeed, the logic behind the behind-the-scenes Saudi-Israeli alliance has been that the two former adversaries now view their interests as mostly aligning, especially their contempt for Iran’s Shiite government and its influence extending along the Shiite Crescent from Tehran through Baghdad and Damascus to Beirut. Israel and Saudi Arabia agree that Iran is the greatest threat to their regional interests. Both countries have indicated that they want the Iranian-backed government in Syria to be overthrown even if that means it will be replaced by Saudi-backed Sunni jihadists linked to al-Qaeda. [See Consortiumnews.com’s “Israel Sides with Syrian Jihadists.”]
...

Cancel
Israel and Saudi Arabia also took the same side on the Egyptian military coup d’etat which ousted elected President Mohamed Morsi, a leader of the Muslim Brotherhood. Though the Muslim Brotherhood is Sunni – like the Saudis – it represents a populist movement that the Saudi monarchy considers a threat to its anti-democratic structure. Israel views the Muslim Brotherhood as sympathetic to Hamas in Gaza. But what makes the Saudi-Israeli alliance so influential is the complementary strengths of the two countries. Israel has extraordinary skills at lobbying and propaganda, especially in influencing Official Washington and Capitol Hill. Saudi Arabia has vast financial resources that can turn the heads of defense officials in Paris, oil men in Houston or investment bankers on Wall Street. Together these strengths can make the negotiation of any good-faith compromise with Iran or Syria difficult, if not impossible. Between Netanyahu pulling the strings of his political and media marionettes in Washington and the Saudis manipulating the French government and others with financial inducements, it will take toughness and savvy for the Obama administration to guide the process to a peaceful resolution. And, toughness and savvy are not attributes that the administration is known to have in great supply.
...

Cancel

Geneva talks end without deal on Iran's nuclear programme | World news | The Observer - 0 views

www.theguardian.com/...talls-reactor-plutonium-france

war & peace Iranian nukes myth France Israel peace-talks P5+1

shared by Paul Merrell on 11 Nov 13 - No Cached

Three gruelling days of high-level and high-stakes diplomacy came to an end in Geneva with no agreement on Iran's nuclear programme, after France blocked a stopgap deal aimed at defusing tensions and buying more time for negotiations.A six-nation group of major powers and Iran agreed only to meet again on 20 November, but on a lower level – senior diplomats rather than foreign ministers. The EU foreign policy chief, Catherine Ashton, said: "A lot of concrete progress has been achieved, but differences remain." Asked about the part France had played, Ashton said that all parties to the talks had played an important role.The Iranian foreign minister, Mohammad Javad Zarif, also sought to play down the disagreements that had surfaced with France, and the divisions between the six-nation group, known as the P5+1.
...

Cancel
Privately, however, other diplomats at the talks were furious with the role of the French foreign minister, Laurent Fabius, whom they accused of breaking ranks by revealing details of the negotiations as soon as he arrived in Geneva on Saturday morning, and then breaking protocol again by declaring the results to the press before Ashton and Zarif had arrived at the final press conference.
...

Cancel
French opposition was focused on a draft text agreement that laid out a short-term deal to slow down or stop elements of the Iranian nuclear programme in return for limited sanctions relief. The French complained that the text, which they said was mostly drafted by Iran and the US, had been presented as a fait accompli and they did not want to be stampeded into agreement.Fabius told France Inter radio yesterday morning that Paris would not accept a "fools' game". "As I speak to you, I cannot say there is any certainty that we can conclude," he said.
...

Cancel
...1 more annotation...
Fabius said one of the key issues was Iran's heavy water reactor at Arak, which is due to reach completion next year after many delays. The west and Israel have called for construction work to stop as part of an interim deal aimed at buying time for negotiations on a more comprehensive long-term deal.Iran says the reactor's purpose is to produce nuclear isotopes that are useful for medical and agricultural purposes. But when operating it would produce plutonium as a by-product in its spent fuel, and that plutonium would represent a serious proliferation risk, giving an alternative route to making a bomb that would not depend on uranium enrichment. Israel has threatened to bomb the reactor before it starts operations, pointing out that once it is fuelled, bombing becomes impossible as it would scatter radioactive fallout around a large region.On the sidelines of the talks, which shifted from Geneva's Palais des Nations to the five-star Intercontinental Hotel after the foreign ministers arrived yesterday, some western officials accused France of sabotaging the hopes of a deal to curry favour with Israel and the Gulf Arab states.
...

Cancel

Paul Merrell on 11 Nov 13

The Israeli propaganda myth of Iranian intent to build a nuclear deterrent, spread in the U.S. and elsewhere by devout Zionists/Neolibs intent on creation of an Israeli empire in the Mideast has achieved such broad acceptance in western nations that western leaders walk through a political minefield in reaching a deal to defuse the nuke myth.

<div class="cArrow"> </div><div class="cContentInner">The Israeli propaganda myth of Iranian intent to build a nuclear deterrent, spread in the U.S. and elsewhere by devout Zionists/Neolibs intent on creation of an Israeli empire in the Mideast has achieved such broad acceptance in western nations that western leaders walk through a political minefield in reaching a deal to defuse the nuke myth. </div>

...

Cancel

Emails to Hillary contradict French tale on Libya war - Al-Monitor: the Pulse of the Mi... - 0 views

www.al-monitor.com/...ench-spies-rebels-support.html

war & peace Libya France Hillary-emails Blumenthal

shared by Paul Merrell on 26 Jun 15 - No Cached

French spies secretly organized and funded the Libyan rebels who defeated Moammar Gadhafi, according to confidential emails to Hillary Clinton that were made public on June 22.
...

Cancel
“In return for their assistance,” the memo states, “the DGSE officers indicated that they expected the new government of Libya to favor French firms and national interests, particularly regarding the oil industry in Libya.” The email goes on to state that Jalil and Younis “accepted this offer” and “have maintained contact with the DGSE officers in Cairo.” The memo is titled, “How the French created the National Libyan Council, ou l’argent parle.” Another memo dated May 5 asserts that individuals close to the council stated “in strictest confidence” that as early as mid-April 2011 French humanitarian flights also included “executives from the French company TOTAL, the large construction from VINCI and the European Aeronautic Defence and Space Company N.V. (EADS).” Subsequent flights have allegedly carried representatives “from the conglomerate THALYS and other large French firms, all with close ties to [Sarkozy].” “After meeting with the [council] these French business executives leave discreetly by road, via Tobruk to Egypt,” the memo states. “These convoys are organized and protected by para-military officers [from the DGSE].” The memo adds that Levy himself came up with the idea and obtained the council’s signature on an agreement to give French firms “favorable consideration” in business matters. He is said to have used “his status as a journalist to provide cover for his activities.”
...

Cancel
The memos from Clinton adviser Sidney Blumenthal contradict the popular French narrative about its intervention in Libya, raising fresh questions about a war that toppled a dictator but left chaos and radicalism in his stead. They were allegedly written by retired CIA operative Tyler Drumheller and released by a special congressional panel investigating the 2012 attack on the US mission in Benghazi. The oft-repeated media tale in France holds that then-President Nicolas Sarkozy was outraged by Gadhafi’s crackdown on protesters in February 2011 but had no clear idea who to support. Enter a swash-buckling “intellectual,” Bernard-Henri Levy, who met with Transitional National Council leader Mustafa Abdul Jalil on March 4, immediately called Sarkozy, and had the French president invite Jalil to the Elysee Palace — and recognize the council as the country’s official government by March 10. The emails to Clinton tell a distinctly less heroic story. According to one entry from March 22, 2011, “officers” with the General Directorate for External Security — the French intelligence service — “began a series of secret meetings” with Jalil and Gen. Abdul Fatah Younis in Benghazi in late February and gave them “money and guidance” to set up the council, whose formation was announced Feb. 27. The officers, “speaking under orders from [Sarkozy] promised that as soon as the [council] was organized France would recognize [it] as the new government of Libya.”
...

Cancel
...2 more annotations...
A later memo, from September 2011, asserts that Sarkozy urged the Libyans to reserve 35% of their oil industry for French firms — Total in particular — when he traveled to Tripoli that month. In the end, however, Italy’s Eni came out ahead with Russian and Chinese firms biding their time, even as the Libyan oil production plummeted because of the civil war. The veracity of the memos’ content is difficult if not impossible to ascertain. While Levy has long been a controversial figure in France, the council was riven by internal rivalries. Younis himself was assassinated in July 2011 — at Jalil’s urging according to an Aug. 8 memo to Clinton. And Drumheller himself has courted controversy for his role in the run-up to the 2003 Iraq war, with liberals celebrating him as a truth-teller and conservatives saying he helped concoct some of the false information he later debunked.
...

Cancel
French spymasters’ role in Libya has been alluded to before, most notably in the 2012 book “The Truth About our War in Libya” by French historian Jean-Christophe Notin. That book said Henry-Levy’s role in the French decision to go to war had been overblown. “All has not been said about this war, because it has only had one narrator: Bernard-Henri Levy,” Notin told L’Express magazine. “Yes, he was one of the Libyans’ interlocutors. But his telling glosses over not only the coalition’s military exploits, but also the underground work of diplomatic and military officials on the ground, sometimes for quite some time, in Libya.” Other memos released June 22 give credence to the notion that Sarkozy was determined from the start of the uprising to get rid of Gadhafi, despite earlier efforts to court him after he abandoned his weapons program and sought closer ties with the West. A March 20 memo, for instance, states that Sarkozy “plans to have France lead the attacks on [Gadhafi] over an extended period of time” and “sees this situation as an opportunity for France to reassert itself as a military power.”
...

Cancel

Being sick in France ; French social security ; retirement in France - 0 views

www.understandfrance.org/...Sick.html

sick in france healthcare financial-oligarchs finacial-crisis OBAMA Banksters banksters

shared by Joseph Skues on 07 Aug 10 - Cached

the system is very efficient : the administrative cost of the health system is around 4,5% (for US private insurance companies : 10 to 13%) and 1,2% for the retirement system (vs. around 10% for most pension funds). The health system reimburses very quickly (after four days).
...

Cancel
22 Euros
...

Cancel
"three best symbols of the French nation" are the flag, the health and the Marseillaise
...

Cancel
...20 more annotations...
each regional organization (Caisse) is managed by a board composed 50/50 of representatives of labor unions on one side, employers associations on the other side, with the State playing the role of a referee
...

Cancel
it is not accurate to call it a "socialized
...

Cancel
when a family is expecting a child, it gets approximately 2,000 Euros in three installments (the first two of them corresponding to a mandatory medical visit, the third to the birth) ; then the family receives a monthly allowance till the child is 20 (for two children or more, around 100 Euros/month/child) ;
...

Cancel
minimal pension (in the range of 750 Euros/month) to any person who has worked 40 years
...

Cancel
For the French, it is just unthinkable that, if you lose your job, you also lose your health plan
...

Cancel
This is a typical example of what the French call their "social model" and one of the few where, in my opinion, the USA could learn something from the French experience. Read my opinion about it "Socialized medicine : give me a break".
...

Cancel
all companies, whatever their size, must provide their staff with an annual visit to a doctor ; in big companies it is a in-house doctor, in small companies an external doctor who comes for the annual controls
...

Cancel
(otherwise, you'll be reimbursed a little less)
...

Cancel
SOS Medecin tel. 01 47 07 77 77 : very reasonably priced (around 70 Euros) and efficient, a doctor in your house in less than an hour
...

Cancel
Basic tips for tourists you can see any doctor (they also make house calls for a small supplement) for a cost of around 22 Euros ($ 30) but you will not be reimbursed by Social Security if you are not part of the French Social Security system you can be treated by any French hospital in case of emergency (they will talk about money AFTER treating you...) you can buy certain drugs over the counter in a pharmacy but a lot of them require a doctor's prescription ; don't be surprised if you do not find US drug brand names, you are in another country ! If your French isn't good, there are two hospitals with English-speaking staff : the American Hospital, 63 blvd Victor Hugo 92202 Neuilly, Tel. 33-(0)1 46 41 25 25 ; Email : patient@ahp-paris.com the British Hospital, 3 rue Barbès 92300 Levallois Tel. 33-(0)1 46 39 22 22 Public or private ? For a serious case, it is often wiser to go to a public hospital, especially a CHU (Centre Hospitalo-Universitaire). In case of a (real) emergency call SAMU (this is a day and night emergency service tel. 15) or les pompiers (fire-brigade) who provide 24 hour-emergency service (tel. 18). Useful numbers for emergencies (other than 15) :
...

Cancel
The World Health Organization (WHO) has ranked the health system of its 191 member countries and France tops the list for providing the best overall health care (UK ranks 18 and USA ranks 37) (source : International Herald Tribune June 21,2000).
...

Cancel
Health coverage by Social Security ("Sécurité Sociale") is mandatory and paid both by the employee (1/4) and the employer (3/4).
...

Cancel
In the USA the Emergency staff is a driver whose job is to take you as fast as possible to the hospital, whatever your condition, in a fast ambulance. In France, the SAMU team includes a MD whose job is to do as much as he can before taking you to the hospital in a more heavily-equipped ambulance. Both ways have their pros and cons, but dont be horrified if you see an ambulance NOT moving....
...

Cancel
DID YOU KNOW THAT....? In France, the maternity leave is 16 weeks minimum (of course paid 100% of the salary!), plus one month minimum if the baby is breast-fed ; "paternity" leave is two weeks ; new mothers spend 3 to 6 days in the hospital.
...

Cancel
To related pages : a column of the Health system (#2), an American article on the French health system (#3), etc....
...

Cancel
French doctors are not very different from American doctors, except they make much less money (three or four times?) and are probably much more accessible, less protected by a dragon-secretary.
...

Cancel
All expenses are paid by the company and of course the employee does not pay a cent. The 20-minute visit includes whatever check-up seems appropriate (heart, eyes, stress, depression...). The doctor cannot prescribe medecine but can prescribe a visit to the doctor is something new that is wrong or needs a more thorough check is detected.
...

Cancel
You have to pay ONE Euro more (not reimbursable) for every visit to the doctor
...

Cancel
The system is threefold : Health, Family and Retirement, each of them has different structures and financing ; each of them is financially autonomous (no taxpayer's money -
...

Cancel
The system is threefold : Health, Family and Retirement, each of them has different structures and financing ; each of them is financially autonomous ( no taxpayer's money
...

Cancel

France likely to close more than 100 mosques - Al Jazeera English - 0 views

www.aljazeera.com/...ues-close-151202142023319.html

war & peace France mosque-closures freedom-of-religion

shared by Paul Merrell on 05 Dec 15 - No Cached

France is likely to close up to 160 mosques in the coming months as part of a nationwide police operation under the state of emergency which allows places of worship that promote radical views to be shut down, one of the country's chief imams has said.
...

Cancel
Following news that three mosques have already been closed since the November 13 attacks on the capital, Hassan El Alaoui, who is in charge of nominating regional and local Muslim imams and mediating between the imams and prison officials, told Al Jazeera on Wednesday that more were set to be shut. "According to official figures and our discussions with the interior ministry, between 100 and 160 more mosques will be closed because they are run illegally without proper licenses, they preach hatred, or use takfiri speech," he said. Takfiris are classified as Muslims who accuse others of the same faith of apostasy, an act which has become a sectarian slur.
...

Cancel
The recent mosque closures, he added, were made under "a legal act that the authorities have" and must have happened because "of some illegal things that they found". The imam also rejected those suspected of carrying out the suicide bomb and gun attacks, which left 130 people dead, as "terrorists". "Those terrorists are a bunch of thieves and drug dealers that wore religious clothing," he said. "The whole issue is not about Muslims, but about terrorists. It's an issue of security for everyone." There are a total of 2,600 mosques in France, El Alaoui said.
...

Cancel

Paul Merrell on 05 Dec 15

Freedom of religion falls prey to Islamaphobia in France.

<div class="cArrow"> </div><div class="cContentInner">Freedom of religion falls prey to Islamaphobia in France. </div>

...

Cancel

IMF's Lagarde guilty of 'negligence' but avoids sentence over 2008 payout - France 24 - 0 views

www.france24.com/...008-payout-french-tycoon-tapie

banksters IMF Lagarde France conviction corruption

shared by Paul Merrell on 19 Dec 16 - No Cached

A French court on Monday convicted International Monetary Fund chief Christine Lagarde of "negligence" for her role in a controversial €400 million payout to a French tycoon in 2008 while she was finance minister. The Court of Justice did not hand down a sentence, a decision welcomed by her lawyer, Patrick Maisonneuve, as a "partial" victory. “We wanted a complete acquittal, instead we got a partial one,” said Maisonneuve. “The court has decided to not to penalise her – in fact, the court even decided this should not go on Madame Lagarde’s criminal record.” Lagarde, 60, was accused of approving a controversial €400 million ($425 million) payout to businessman Bernard Tapie in an out-of-court settlement when she was finance minister under former president Nicolas Sarkozy.
...

Cancel
An arbitration panel ordered the payout to Tapie in connection with his sale of sportswear company Adidas. The panel upheld Tapie's claim that the Crédit Lyonnais bank had defrauded him by intentionally undervaluing Adidas at the time of the sale and that the state – as the bank's principal shareholder – should compensate him. It was Lagarde who, in her role as French finance minister, ordered the case to be heard by an arbitration panel instead of proceeding through the regular courts. Critics say that Lagarde ensured Tapie received preferential treatment by referring the matter to arbitration as a quid pro quo for his financial support for Sarkozy during his 2007 presidential bid. They also argue that the state should not have paid compensation to a convicted criminal who was bankrupt at the time and would not have been able to pursue the case in court. Tapie spent six months in prison in 1997 for match-fixing during his time as president of popular French football club, Olympique Marseille.
...

Cancel
Tapie was placed under formal investigation for committing fraud in late June of 2013. He was ordered to pay back the money starting in December of last year. The "Tapie affair" has entangled several other high-profile figures, including Sarkozy’s ex-chief of staff Claude Guéant and Stéphane Richard, Lagarde’s former chief of staff at the finance ministry and now chief executive of Orange. Lagarde was appointed managing director of the IMF in July 2011. Lagarde served as French finance minister from June 2007 and also served as minister of foreign trade for two years. Before entering politics she worked as an anti-trust and labour lawyer, and was a partner with the international law firm of Baker & McKenzie.
...

Cancel

"War is a Racket" by General Smedly Butler - 1 views

www.lexrex.com/...warisaracket.htm

Smedly-Butler

shared by Gary Edwards on 16 Sep 13 - Cached

by MAJOR GENERAL SMEDLEY D. BUTLER, USMC - Retired TWO-TIME Congressional Medal of Honor Recipient FULL TEXT ON LINE FREE
...

Cancel
GET THE NEW PAPERBACK EDITION including two bonus titles.
...

Cancel

Paul Merrell on 16 Sep 13

An accidental find, the full text online of USMC Maj. Gen. Smedley Butler's 1935 book, War Is a Racket. Butler served in the Marine Corps from 1899 to 1931 and at the time of his retirement was the most-decorated Marine in history, for both valor and accomplishments. Following his retirement, he became a vehement anti-war activist and public speaker. This book is easily his most-cited and most-quoted published work. You can capture the flavor from an article he published in a magazine that included the following lines: "I spent 33 years and four months in active military service and during that period I spent most of my time as a high class muscle man for Big Business, for Wall Street and the bankers. In short, I was a racketeer, a gangster for capitalism. I helped make Mexico and especially Tampico safe for American oil interests in 1914. I helped make Haiti and Cuba a decent place for the National City Bank boys to collect revenues in. I helped in the raping of half a dozen Central American republics for the benefit of Wall Street. I helped purify Nicaragua for the International Banking House of Brown Brothers in 1902-1912. I brought light to the Dominican Republic for the American sugar interests in 1916. I helped make Honduras right for the American fruit companies in 1903. In China in 1927 I helped see to it that Standard Oil went on its way unmolested. Looking back on it, I might have given Al Capone a few hints. The best he could do was to operate his racket in three districts. I operated on three continents." http://en.wikipedia.org/wiki/Smedley_Butler#Lectures I look forward to reading this book. The book was reprinted in 2003 and is available from the linked web site, together with two bonus titles.

<div class="cArrow"> </div><div class="cContentInner">An accidental find, the full text online of USMC Maj. Gen. Smedley Butler's 1935 book, War Is a Racket. Butler served in the Marine Corps from 1899 to 1931 and at the time of his retirement was the most-decorated Marine in history, for both valor and accomplishments. Following his retirement, he became a vehement anti-war activist and public speaker. This book is easily his most-cited and most-quoted published work. You can capture the flavor from an article he published in a magazine that included the following lines: "I spent 33 years and four months in active military service and during that period I spent most of my time as a high class muscle man for Big Business, for Wall Street and the bankers. In short, I was a racketeer, a gangster for capitalism. I helped make Mexico and especially Tampico safe for American oil interests in 1914. I helped make Haiti and Cuba a decent place for the National City Bank boys to collect revenues in. I helped in the raping of half a dozen Central American republics for the benefit of Wall Street. I helped purify Nicaragua for the International Banking House of Brown Brothers in 1902-1912. I brought light to the Dominican Republic for the American sugar interests in 1916. I helped make Honduras right for the American fruit companies in 1903. In China in 1927 I helped see to it that Standard Oil went on its way unmolested. Looking back on it, I might have given Al Capone a few hints. The best he could do was to operate his racket in three districts. I operated on three continents." <a href="http://en.wikipedia.org/wiki/Smedley_Butler#Lectures" rel="nofollow" target="_blank">http://en.wikipedia.org/wiki/Smedley_Butler#Lectures</a> I look forward to reading this book. The book was reprinted in 2003 and is available from the linked web site, together with two bonus titles. </div>

...

Cancel
Gary Edwards on 18 Sep 13

"WAR IS A RACKET" - free online book CHAPTER ONE WAR is a racket. It always has been. It is possibly the oldest, easily the most profitable, surely the most vicious. It is the only one international in scope. It is the only one in which the profits are reckoned in dollars and the losses in lives. A racket is best described, I believe, as something that is not what it seems to the majority of the people. Only a small "inside" group knows what it is about. It is conducted for the benefit of the very few, at the expense of the very many. Out of war a few people make huge fortunes. In the World War [I] a mere handful garnered the profits of the conflict. At least 21,000 new millionaires and billionaires were made in the United States during the World War. That many admitted their huge blood gains in their income tax returns. How many other war millionaires falsified their tax returns no one knows. How many of these war millionaires shouldered a rifle? How many of them dug a trench? How many of them knew what it meant to go hungry in a rat-infested dug-out? How many of them spent sleepless, frightened nights, ducking shells and shrapnel and machine gun bullets? How many of them parried a bayonet thrust of an enemy? How many of them were wounded or killed in battle? Out of war nations acquire additional territory, if they are victorious. They just take it. This newly acquired territory promptly is exploited by the few - the selfsame few who wrung dollars out of blood in the war. The general public shoulders the bill. And what is this bill? This bill renders a horrible accounting. Newly placed gravestones. Mangled bodies. Shattered minds. Broken hearts and homes. Economic instability. Depression and all its attendant miseries. Back-breaking taxation for generations and generations. For a great many years, as a soldier, I had a suspicion that war was a racket; not until I retired to civil life did I fully realize it. Now that I see the international war clouds g

<div class="cArrow"> </div><div class="cContentInner">"WAR IS A RACKET" - free online book CHAPTER ONE WAR is a racket. It always has been. It is possibly the oldest, easily the most profitable, surely the most vicious. It is the only one international in scope. It is the only one in which the profits are reckoned in dollars and the losses in lives. A racket is best described, I believe, as something that is not what it seems to the majority of the people. Only a small "inside" group knows what it is about. It is conducted for the benefit of the very few, at the expense of the very many. Out of war a few people make huge fortunes. In the World War [I] a mere handful garnered the profits of the conflict. At least 21,000 new millionaires and billionaires were made in the United States during the World War. That many admitted their huge blood gains in their income tax returns. How many other war millionaires falsified their tax returns no one knows. How many of these war millionaires shouldered a rifle? How many of them dug a trench? How many of them knew what it meant to go hungry in a rat-infested dug-out? How many of them spent sleepless, frightened nights, ducking shells and shrapnel and machine gun bullets? How many of them parried a bayonet thrust of an enemy? How many of them were wounded or killed in battle? Out of war nations acquire additional territory, if they are victorious. They just take it. This newly acquired territory promptly is exploited by the few - the selfsame few who wrung dollars out of blood in the war. The general public shoulders the bill. And what is this bill? This bill renders a horrible accounting. Newly placed gravestones. Mangled bodies. Shattered minds. Broken hearts and homes. Economic instability. Depression and all its attendant miseries. Back-breaking taxation for generations and generations. For a great many years, as a soldier, I had a suspicion that war was a racket; not until I retired to civil life did I fully realize it. Now that I see the international war clouds g</div>

...

Cancel

French strikes in Syria may have hit French jihadists: prime minister | Reuters - 0 views

www.reuters.com/...ce-syria-idUSKCN0S60EF20151012

war & peace ISIL France French-jihadis airstrikes

shared by Paul Merrell on 12 Oct 15 - No Cached

French Prime Minister Manuel Valls said on Monday that French jihadists may have been killed during an air strike targeting an Islamic State (IS) camp last week and he deflected criticism, saying the primary objective was to hit the militants.Rafale fighter jets bombed a training camp for suicide bombers near Islamic State's Syrian stronghold of Raqqa on Friday, according to the French Defence Ministry.France announced it was joining what have been U.S.-led air strikes on Islamist insurgents in Syria to prevent Islamic State from carrying out attacks against its interests and to protect Syrian civilians.It says the decision is legal and based on a United Nations charter enabling self-defense, something French media and analysts have started to question since reports that French citizens may have been killed. "Terrorist attacks have taken place (in France) .. In the name of self-defense it is obligatory to strike Daesh and we will continue," Valls told reporters in Amman, Jordan, using the derogatory Arabic acronym for Islamic State.
...

Cancel
"Whether there are French (citizens) among them, it's possible, but we have a responsibility to hit Daesh. Terrorists do not have passports."A French government source said Paris could not confirm a Syrian non-governmental organization's estimate that six French jihadists were killed in the Raqqa-area air strike. France was shaken by a series of deadly Islamist attacks earlier this year, including the killing in January of 12 people at the office of the weekly Charlie Hebdo, which in articles and cartoons had satirized militant Islam. It has become alarmed by Islamic State gains in northern Syria despite more than a year of U.S.-led air strikes and the possibility of France being sidelined in negotiations to reach a political solution in Syria.
...

Cancel

The Netanyahu-Obama Meeting in Strategic Context | STRATFOR - 0 views

www.stratfor.com/...netanyahuobama_meeting_context

israel USA america Obammunism

shared by Gary Edwards on 24 Mar 10 - Cached

Gary Edwards on 24 Mar 10

Israeli Prime Minister Benjamin Netanyahu is scheduled to meet with U.S. Resident Village Idiot, and World renown Marxist, President Barack Obama on March 23. The meeting follows the explosion in U.S.-Israeli relations after Israel announced it was licensing construction of homes in East Jerusalem while U.S. Vice President Joe Biden was in Israel. The United States wants Israel to stop all construction of new Jewish settlements. The Israelis argue that East Jerusalem is not part of the occupied territories, and hence, the U.S. demand doesn't apply there. The Americans are not parsing their demand so finely and regard the announcement - timed as it was - as a direct affront and challenge. Israel's response is that it is a sovereign state and so must be permitted to do as it wishes. The implicit American response is that the United States is also a sovereign state and will respond as it wishes...... Stratfor analyst George Friedman explains, in geopolitical terms, the tensions between Israel and a Socialist America. Good history lesson. For instance, american support for Israel didn't commence until 1967, when someone had to replace France and Britain. Interestingly, in 1956, when Britain and France seized the previously nationalized Suez Canal during another Israel triumph against it's Arab enemies, Eisenhower forced Britain and Franc to return the canal to Egypt! Yet, anti American sentiment surged throughout the middle east.

<div class="cArrow"> </div><div class="cContentInner">Israeli Prime Minister Benjamin Netanyahu is scheduled to meet with U.S. Resident Village Idiot, and World renown Marxist, President Barack Obama on March 23. The meeting follows the explosion in U.S.-Israeli relations after Israel announced it was licensing construction of homes in East Jerusalem while U.S. Vice President Joe Biden was in Israel. The United States wants Israel to stop all construction of new Jewish settlements. The Israelis argue that East Jerusalem is not part of the occupied territories, and hence, the U.S. demand doesn't apply there. The Americans are not parsing their demand so finely and regard the announcement - timed as it was - as a direct affront and challenge. Israel's response is that it is a sovereign state and so must be permitted to do as it wishes. The implicit American response is that the United States is also a sovereign state and will respond as it wishes...... Stratfor analyst George Friedman explains, in geopolitical terms, the tensions between Israel and a Socialist America. Good history lesson. For instance, american support for Israel didn't commence until 1967, when someone had to replace France and Britain. Interestingly, in 1956, when Britain and France seized the previously nationalized Suez Canal during another Israel triumph against it's Arab enemies, Eisenhower forced Britain and Franc to return the canal to Egypt! Yet, anti American sentiment surged throughout the middle east.</div>

...

Cancel

"It's Carnage" - Swiss Franc Soars Most Ever After SNB Abandons EURCHF Floor; Macro Hed... - 0 views

www.zerohedge.com/...dons-eurchf-floor-macro-hedge-

economic-collapse Switzerland negative-interest-rate FX bill-and-bond-yields-negative banksters

shared by Paul Merrell on 16 Jan 15 - No Cached

Over two decades ago, George Soros took on the Bank of England, and won. Just before lunch local time, the Swiss National Bank took on virtually every single macro hedge fund, the vast majority of which were short the Swiss Franc and crushed them, when it announced, first, that it would go further into NIRP, pushing its interest rate on deposit balances even more negative from -0.25% to -0.75%, a move which in itself would have been unprecedented and, second, announcing that the 1.20 EURCHF floor it had instituted in September 2011, the day gold hit its all time nominal high, was no more. What happened next was truly shock and awe as algo after algo saw their EURCHF 1.1999 stops hit, and moments thereafter the EURCHF pair crashed to less then 0.75, margining out virtually every single long EURCHF position, before finally rebounding to a level just above 1.00, which is where it was trading just before the SNB instituted the currency floor over three years ago.
...

Cancel
The SNB press release:
...

Cancel
The resultant move across all currency pairs has seen the EUR and USD sliding, the USDJPY crashing, and US futures tumbling even as European stocks plunged only to kneejerk higher as markets are in clear turmoil and nobody knows just what is going on right now. In other asset classes, Treasury yields, understandably plunged across the entire world, and the entire Swiss bond curve left of the 10 Year is now negative, with the On The Run itself threatening to go negative soon as can be seen on the table below: All Swiss government bill and bond yields out to 7 years are negative: pic.twitter.com/b4YCVSDFu7 — Jamie McGeever (@ReutersJamie) January 15, 2015 Crude and other commodities, except gold, are also tumbling, as are most risk assets over concerns what today's epic margin call will mean when the closing bell arrives. An immediate, and amusing, soundbite came from the CEO of Swatch Nick Hayek who said that "words fail me" at the SNB action: "Today's SNB action is a tsunami for the export industry and for tourism, and finally for the entire country." More from Reuters:
...

Cancel
...3 more annotations...
Swatch Group UHR.VX Chief Executive Nick Hayek called the Swiss National Bank's decision to discontinue the minimum exchange rate on the Swiss franc a "tsunami" for the Alpine country and its economy.   "Words fail me! Jordan is not only the name of the SNB president, but also of a river… and today's SNB action is a tsunami; for the export industry and for tourism, and finally for the entire country," Hayek said in an emailed statement on Thursday.   Swiss watchmakers, which are also grappling with weak demand in Asia, are very exposed to moves in the Swiss franc exchange rate because their production costs are largely in Swiss francs, but most of their sales are done abroad.   Shares in Swatch Group fell 15 percent at 1056 GMT, while Richemont CFR.VX was down 14 percent, underperforming a 9 percent drop in the Swiss market index .SSMI following the SNB's announcement.    "Absolutely shocking ... For companies with international operations – translated earnings are going to be lower and if companies make products in Switzerland it is going to hurt margin. It is a terrible day for corporate Switzerland," Kepler Cheuvreux analyst Jon Cox said
...

Cancel
Indeed, in retrospect, it does seem foolhardy that the SNB, whose balance sheet ballooned to record proportions just to defends it currency for over three years would give up so easily. The one silver lining, so to say, is that gold prices in CHF just crashed by some 13%. Some more soundbites from strategists, none of whom foresaw this stunning move:
...

Cancel
However, the best soundbites today will surely come from US hedge funds which are just waking up to the biggest FX shocker in years, and of course, any retail investors who may have been long the EURCHF, and who are not only facing epic margin calls, but are unable to cover their positions, as one after another retail FX brokerage has commenced "Rubling" the Swissy and the CHF pair is suddenly not available for trading for retail accounts. To say that today will be interesting, is an understatement.
...

Cancel

1 - 20 of 313 Next › Last »

Showing 20▼ items per page