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The World Bank will be presenting a report to the bi-annual Ad Hoc Liaison Committee (AHLC) meeting on May 27, 2015 in Brussels that highlights the Gaza Strip’s economic status under Israel’s blockade. In 2014, Gaza’s unemployment rate reached 43%, the highest in the world. The youth unemployment in Gaza is at a record high of 60%.

Because of the blockade and the Israeli army’s multiple heavy assaults on the region, economic opportunities are few and far between. Although 4/5 of people in Gaza, nearly 80%, receive assistance, many residents still fall far below the poverty line. Gaza’s exports are nearly nonexistent due to the Israeli blockade and since 2014, Gaza’s manufacturing has shrunk by 60%. The economy of Gaza is crumbling and cannot support it’s 1.8 million residents. It is important to note that after nearly a year since the end of the assault on Gaza, the rate of dispursement of donor pledges is only at 27.5 percent. Under the current status quo, the people of Gaza will continue to suffer under unsustainable conditions. last summer Israeli war on Gaza left more than 2500 people killed and at least 12,000 injured. near 60% of build up areas of the costal region was hit by Israelsi ground, sea, and aireal bombardment. The whole summary of the report that will be presented by the World Bank can be read here:

All votes counted, a total of 61.3% of Greeks voted against the terms of agreement with creditors of Greece; 38% voted in favor of the proposed terms. 62.5% of registered voters participated in the referendum, reports the Greek Interior Ministry. 

Donald Tusk, President of the European Council called for an emergency summit of the Eurozone to be held in Brussels on Tuesday July 7, beginning at 18.00 o’clock local time. Tusk’s call for the summit followed previous calls for an emergency summit by Belgian Prime Minister Charles Michel, French President Francois Hollande, German Chancellor Angela Merkel, and EU Parliament President Martin Schulz. The Eurozone foreign ministers are expected to be holding an extraordinary meeting on Monday or early on Tuesday, before the summit.

Despite unhappiness with his capitulation to European creditors, Tsipras remains in power after snap elections It was a “victory of the people” said Greek Prime Minister Alexis Tsipras as he was swept back to power following a snap general election on Sunday. Despite his failure to rid Greece of the troika as he’d once promised; and instead, dragging the country into a yet another austerity program, Tsipras told a band of over 2,000 Syriza loyalists near Syntagma Square on Sunday night that “justice had been done.”

In comparison to January’s lightning victory for Syriza, and the defiance and righteousness that emerged during the bailout referendum held n July, celebrations were relatively low-key. And no surprise—the government has a mountain of harsh policies to implement, including full reassessment of the welfare system with savings worth 0.5 per cent of GDP, reconstruction of a broken tax collection system and full liberalization of the energy market. Tsipras told the audience that starting on Monday morning he will “fight corruption”—a key strategy plank during the election campaign. Tsipiras lost of some of his strongest comrades in the run up to the election, including the former president of the parliament, Zoe Konstantopoulou who joined several other splitters from Sryiza in a new party called Popular Unity. They were angry about what they saw as Tsipiras’ capitulation to Germany and other creditor nations. But the Prime Minister’s legions of fans remain undeniably behind him. “Tsipras is strong in his game; he’s playing chess and we’re following him”, said 32-year-old Ugur from Athens. “He is a realist, and a leftist; he had to sign the memorandum because we were on the edge and were going to fall over.”

“I’m very happy with the result—Syriza is the only party that will support the poor people and workers rights; he’s one of the best politicians to renegotiate the memorandum,” said 50-year-old Kostas Dianis. Although a former communist, some critics say Tsipras can no longer claim to represent the far left; not after his capitulation in Brussels earlier this summer when he agreed to a third bailout worth over $95 billion based on the demands of European creditors. “Tsipras is an agent for capitalism; he is not from the left; he is part of the system, and will continue the system, rather than changing it”, said 32-year-old Yannis; a taxi driver who voted for Syriza in January, but this time voted for the Communist party because “they’re the only ones that say what they mean.” And although Tsipras was unable to free Greece from austerity, as he had initially promised, the alternative left—the MP’s that split from Tsipras earlier this summer, provided few viable alternatives to Greek voters.

The Belgian government will be suing Facebook. The Commission for the Protection of Privacy states that Facebook violates Belgian and EU law by tracking systems that target both Facebook users as well as non-Facebook users. Facebook is known for cooperating with the U.S.’ National Security Agency. 

The Belgian privacy watchdog’s case against the internet giant Facebook will be heard at a court in Brussels on Thursday. The Commission has repeatedly requested that Facebook should comply with Belgian and EU law. Facebook failed to comply, and the Commission has no power to enforce the law; hence the decision to sue Facebook to attain a a court ruling. The President of the Commission for the Protection of Privacy, Willem Debeuckelaere, told the press that: “Facebook treats its users’ private lives without respect and that needs tackling. It’s not because we want to start a lawsuit over this, but we cannot continue to negotiate through other means. .. We want a judge to impose our recommendations. These recommendations are chiefly aimed at protecting internet users who are not Facebook members.”

The Belgian privacy watchdog alleges that Facebook tracks the web browsing of all visitors, including those who have specifically turned the tracking function off; This gathering of private information allegedly also includes those who do not have a Facebook account. Moreover, the Commission claims that Facebook has the capability to surveil computers without consent, even when users are logged out; and Facebook can monitor every PC of users that use websites with Facebook plugins. The capability to monitor both Facebook users and non-Facebook users allegedly functions via Cookies that store information about user’s internet activities, including preferential settings of websites and which websites internet users have visited. The Commission claims that Facebook installs these Cookies on all computers that visit websites that for example have a Facebook plugin to share internet content. That includes the computers of persons who do not make use of Facebook’s “share” or “like” button.

The UK Independence Party is a truly national force and has "momentum" behind it, Nigel Farage has said after its victory in the European elections. Hailing a "breakthrough" in Scotland and a strong showing in Wales, he said UKIP would target its first Westminster seat in next week's Newark by-election. Lib Dem leader Nick Clegg has said he will not resign after his party lost all but one of its 12 MEPs. He said he was not going to "walk away" from the job despite the poor results. Mr Farage has been celebrating his party's triumph in the European polls, the first time a party other than the Conservatives or Labour has won a national election for 100 years.

The UK Independence Party is a truly national force and has "momentum" behind it, Nigel Farage has said after its victory in the European elections. Hailing a "breakthrough" in Scotland and a strong showing in Wales, he said UKIP would target its first Westminster seat in next week's Newark by-election. Lib Dem leader Nick Clegg has said he will not resign after his party lost all but one of its 12 MEPs.

The UK Independence Party is a truly national force and has "momentum" behind it, Nigel Farage has said after its victory in the European elections. Hailing a "breakthrough" in Scotland and a strong showing in Wales, he said UKIP would target its first Westminster seat in next week's Newark by-election. Lib Dem leader Nick Clegg has said he will not resign after his party lost all but one of its 12 MEPs. He said he was not going to "walk away" from the job despite the poor results.

German prosecutors have opened an investigation into the alleged monitoring of Chancellor Angela Merkel’s cellphone by the U.S. National Security Agency, officials said Wednesday, in a move that could again complicate diplomatic relations between the two allies. It was not immediately clear what the new investigation might mean in terms of possible prosecutions of Americans. Documents provided by National Security Agency leaker Edward Snowden indicated in October that the U.S. was monitoring Merkel’s cellphone conversations, as well as those of 35 other foreign leaders. Merkel expressed outrage and accused Washington of a grave breach of trust. In the ensuing diplomatic fallout, President Barack Obama acknowledged Germany’s anger and promised that new guidelines would cut back on such monitoring, except in the case of a national security interest. “The leaders of our close friends and allies deserve to know that if I want to learn what they think about an issue, I will pick up the phone and call them rather than turning to surveillance,” Obama said at the time.

Following the news of the German probe, Obama’s deputy national security adviser, Ben Rhodes, said the U.S. believes direct dialogue between the two countries rather than an investigation is the best way to address Germany’s concerns. “We believe we have an open line and good communication” with Merkel and her team, Rhodes told reporters aboard Air Force One as Obama flew to Brussels for a meeting of the Group of Seven nations. After mulling for months whether to open a formal probe, Chief Federal Prosecutor Harald Range determined “that sufficient factual evidence exists that unknown members of U.S. intelligence services spied on the mobile phone of Chancellor Angela Merkel,” his office said. In a similarly thorny diplomatic case, Germany got as far as issuing warrants for 13 unidentified CIA agents suspected of kidnapping a German terrorism suspect and taking him to a detention center in Afghanistan. The case was shelved in 2007 after the U.S. Justice Department said extraditing the agents would harm “American national interests.”

In his Wednesday announcement, Range’s office said he was not opening a formal investigation of wider allegations of blanket surveillance of telecommunications data in Germany by U.S. and British intelligence, saying that there was not yet sufficient factual evidence of concrete crimes. His office said that will remain under consideration. Merkel’s spokesman, Steffen Seibert, declined to comment on Range’s decision or on whether the government fears it will weigh on relations with the U.S. The government didn’t exert any influence on the prosecutor, Seibert told reporters. “I am not going to evaluate here the decision he has made,” he said. Separately, the German Parliament earlier this year set up a committee to investigate the scope of spying by the NSA and other intelligence services in Germany.

Published here on February 22 2014: Ukraine: "From the spirits that I called - Sir, deliver me!" The opposition in the Ukraine and its paymasters in the U.S. and EU called up the spirits of the right, the fascist, to wage a coup against the elected president and to push their selfish objectives onto the Ukrainian public. Now those spirits won't go away ... Parts of the Ukraine will soon show signs of anarchy with those that protested and rioted without having any real aim moving towards criminal activities. The opposition, which is now empowered and will have to deliver results, will soon squabble and will again fall apart. The fascist forces, euphemistically called "nationalists" in "western" media, will win more power.

Those predictions have turned into reality and even those who arranged the coup against the legal government of Ukraine can no longer deny the dangers. On Tuesday a member of the imperialists Atlantic Council wrote in the Washington Post about a "new threat" to Ukraine which is not Russia but are "independently operating warlords and armed groups" [N]ow several of these units, especially those linked to oligarchs or the far right, are revealing a dark side. In recent months, they have threatened and kidnapped government officials, boasted that they will take power if Ukrainian President Petro Poroshenko fails to defeat Russia, and they served as armed muscle in illegal attempts to take over businesses or seize local governments. Yesterday thousand of fascists marched with torches (vid) in Kiev and other Ukrainian cities to remember the birth of the fascist mass murderer of Poles and Jews and Nazi collaborator Stephan Bandera. Those forces will not go away and they will drag Ukraine further to the right and further apart.

This spring and summer the fighting in east Ukraine will again flare up in earnest. The coup government in Kiev will likely falter and Ukrainian state will be declared bankrupt. The Washington Post OpEd is the first glimpse of realization of these dangers. More will follow. It will be a rude awakening and after much gnashing of teeth the apprentices will call for help

The Central Bank of Russia (CBR), on Friday, admitted domestic banks to the Russian alternative to the international SWIFT banking system. Domestic banks can access the system after signing agreements with the Central Bank. The Russian alternative to the SWIFT system is expected to be fully developed and operational by May 2015.

The Central Bank of Russia issued a statement saying that the new service would allow credit institutions to transmit SWIFT-format messages through the Bank of Russia in all regions within the Russian Federation without restrictions. The CBR added that the new service had been established to ensure continuous and secure transmissions of financial messages inside the country. The decision to create the domestic alternative to the SWIFT system was made against the backdrop of EU proposals in September, to disconnect Russia from the international SWIFT system as part of the sanctions against Russia over the situation in and about Ukraine. Several U.S. Senators lobbied in support of the measure. Moscow responded by drafting an alternative to the Brussels-based SWIFT system by creating a Russian alternative non-governmental inter-bank communication system.

The Russian Tass news agency reported that the Society for Worldwide Interbank Financial Telecommunications (SWIFT) transmits 1.8 billion transactions per year, remitting payment orders worth $6 trillion a day. Disconnecting Russia from the SWIFT system, as proposed by certain EU members in September, would not only harm the Russian economy. Disconnecting Russia from the SWIFT system before an alternative is operational would also create substantial problems for Russia’s main trading partners within the EU, which include Germany, Italy and France.

Putin announced that Russia has cancelled the South Stream project on December 1, 2014. Instead the South Stream pipeline project has been replaced by a natural gas pipeline that goes across the Black Sea to Turkey from the Russian Federation’s South Federal District. This alternative pipeline has been popularly billed the «Turk Stream» and partners Russian energy giant Gazprom with Turkey’s Botas. Moreover, Gazprom will start giving Turkey discounts in the purchase of Russian natural gas that will increase with the intensification of Russo-Turkish cooperation. The natural gas deal between Ankara and Moscow creates a win-win situation for both the Turkish and Russian sides. Not only will Ankara get a discount on energy supplies, but Turk Stream gives the Turkish government what it has wanted and desired for years. The Turk Stream pipeline will make Turkey an important energy corridor and transit point, complete with transit revenues. In this case Turkey becomes the corridor between energy supplier Russia and European Union and non-EU energy customers in southeastern Europe. Ankara will gain some leverage over the European Union and have an extra negotiating card with the EU too, because the EU will have to deal with it as an energy broker.

For its part, Russia has reduced the risks that it faced in building the South Stream by cancelling the project. Moscow could have wasted resources and time building the South Stream to see the project sanctioned or obstructed in the Balkans by Washington and Brussels. If the European Union really wants Russian natural gas then the Turk Stream pipeline can be expanded from Turkey to Greece, the former Yugoslav Republic (FYR) of Macedonia, Serbia, Hungary, Slovenia, Italy, Austria, and other European countries that want to be integrated into the energy project. The cancellation of South Stream also means that there will be one less alternative energy corridor from Russia to the European Union for some time. This has positive implications for a settlement in Ukraine, which is an important transit route for Russian natural gas to the European Union. As a means of securing the flow of natural gas across Ukrainian territory from Russia, the European Union will be more prone to push the authorities in Kiev to end the conflict in East Ukraine.

From the perspective of Russian Presidential Advisor Sergey Glazyev, the US is waging its multi-spectrum war against Russia to ultimately challenge Moscow’s Chinese partners. In an insightful interview, Glazyev explained the following points to the Ukrainian journalist Alyona Berezovskaya — working for a Rossiya Segodnya subsidiary focusing on information involving Ukraine — about the basis for US hostility towards Russia: the bankruptcy of the US, its decline in competitiveness on global markets, and Washington’s inability to ultimately save its financial system by servicing its foreign debt or getting enough investments to establish some sort of innovative economic breakthrough are the reasons why Washington has been going after the Russian Federation. [13] In Glazyev’s own words, the US wants «a new world war». [14] The US needs conflict and confrontation, in other words. This is what the crisis in Ukraine is nurturing in Europe. Sergey Glazyev reiterates the same points months down the road on September 23, 2014 in an article he authors for the magazine Russia in Global Affairs, which is sponsored by the Russian International Affairs Council — a think-tank founded by the Russian Foreign Ministry and Russian Ministry of Education 2010 — and the US journal Foreign Affairs — which is the magazine published by the Council on Foreign Relation in the US. In his article, Glazyev adds that the war Washington is inciting against Russia in Europe may ultimately benefit the Chinese, because the struggle being waged will weaken the US, Russia, and the European Union to the advantage of China. [15] The point of explaining all this is to explain that Russia wants a balanced strategic partnership with China. Glazyev himself even told Berezovskaya in their interview that Russia wants a mutually beneficial relationship with China that does reduce it to becoming a subordinate to Beijing. [16]

Two days ago we reported of the odd coincidence of a 2nd emergency shutdown at Ukraine's Zaporozhye Nuclear reactor - Europe's largest nuclear power plant - following our earlier fears of disinformation. Today, we get information of a leaked report sourced from three different place - unconfirmed for now (but RT is trying to verify) - that Ukrainian nuclear scioentists misled the public and a radioactive leak has been detected - citing the country’s emergency services claiming that levels of radiation are 16.3 times the legally permitted norm.

Recall first of background radiation above the threshold of 14 times in the area of ??Zaporozhye NPP evening of December 28 said the deputy chairman of the People's Council DNI Dennis Pushilin. He explained leak Ukrainian nuclear scientists attempt to install power rod blocks produced by the American company Westinghouse.

Curiously, all this takes place at a peculiar time: just as Ukraine announces it is replacing its nuclear fuel supplier from Russia to US conglomerate Westinghouse: Ukraine on Tuesday sealed an additional nuclear fuel supply deal with US giant Westinghouse in order to ease its energy dependence on Russia.    Westinghouse Electric Company said it signed a deal in Brussels with Ukraine's Energoatom state nuclear power provider "to significantly increase fuel deliveries to Ukrainian nuclear power plants through 2020."   No figures were immediately available for the value of a deal which Ukrainian Prime Minister Arseniy Yatsenyuk had said would take place.    Nor were there details on the quantities of fuel or number of reactors involved.  The two sides had earlier this year extended their existing cooperation agreement through 2020.   A top Energoatom official said this month that Kiev would like to purchase additional Westinghouse nuclear fuel for 13 of its reactors.   US-based Westinghouse currently supplies fuel for only one of Ukraine's 15 operating units -- the third reactor of the South Ukranian Nuclear Power Plant that is located 300 kilometres (185 miles) south of Kiev.   Ukranian media said Energoatom and the US firm had been cooperating on nuclear fuel supplies since 2000.   The former Soviet republic had previously relied on Russian nuclear fuel manufacturer TVEL.

Europe has stumbled into a debate over the end of sanctions on the economically distressed Russia after French President Francois Hollande became the first major leader to dangle the prospect of easing the curbs. Hollande's appeal at a European Union summit Thursday was a reminder that the bans on financing of major Russian banks and the export of energy-exploration equipment will lapse next July unless renewed unanimously by the 28 EU governments. Hollande urged the EU to offer early "de-escalation" to reward expected peace overtures by Russian President Vladimir Putin in eastern Ukraine, while others including German Chancellor Angela Merkel put off sanctions relief until a settlement emerges.

"It will be very difficult to retain that unity among member states" when the sanctions are up for renewal, said Steven Blockmans, an analyst at the Centre for European Policy Studies in Brussels. "We might find the sanctions fizzling out when it comes to summer next year." European leaders papered over the controversy at the first summit chaired by new EU President Donald Tusk, who as Poland's prime minister had spearheaded moves to punish Russia for meddling with Ukraine. A communique said the bloc "will stay the course" and maintained the threat of "further steps if necessary."

Germany’s foreign minister, Frank-Walter Steinmeier, warned against imposing more sanctions on Russia in an interview that was published on Friday, saying bringing Russia to its knees would not make Europe safer. “I can only warn against it,” Steinmeier told Der Spiegel. The diplomat pointed out that Russia is already paying the price for invading Ukraine in the form of falling oil prices and a collapsing currency. He argued, “It cannot be in our interest that this spirals out of control.”

Earlier in the week, German chancellor Angela Merkel, whose conservatives are the senior partners in the ruling coalition with Steinmeier’s Social Democratic Party, insisted the sanctions would not be weakened. Speaking to lawmakers in Berlin ahead of a meeting with other European leaders in Brussels, Merkel said the territorial integrity of Ukraine had to be restored. “As long as this goal is not achieved, the sanctions will stay,” she said. European Union leaders agreed on Friday to keep existing sanctions in place and said they were ready to “stay the course” if Russia did not pull back from Ukraine.

Italian Prime Minister Matteo Renzi has urged revision of the West’s attitude to Russia. Russia should be plugged into addressing major international issues. Embattled Russia will benefit no one,’ Renzi said upon his arrival in Brussels for an EU summit. The Italian prime minister opposed the idea of more sanctions against Russia. “In relations with Russia we stick to our customary stance. We should give up faith in the magic power of the policy that has been conducted for the past few months. The attitude to Russia must be reconsidered and the attitude that has prevailed so far must be changed.”

Imagine – Argentina – and the rest of Latin America – being urged by the EU, ultimate puppet of the US not to supply Russia with food stuff – vegetables, fruit, meat – after Argentina was ‘punished’ by a corrupt court in New York to pay 1.5 billion dollars to the fraudulent NML Capital et al vulture funds – out of its current agreed upon debt of US$29 billion – equivalent to Argentina’s total reserves. And yes, the hedge funds have to be paid 100%, when the remaining 93% of creditors agreed on a 20% reimbursement rate. – And, yes, Mr. Griesa, the bought NY judge, has blocked all of Argentina’s payments to the other creditors, unless his vulture clients are paid in full. So, Argentina is in forced default – having to pay now much higher interest rates on international money markets, if she is indeed still eligible for international credits. Unimaginable but true.

Under these circumstances, the boundless arrogance of Brussels expects Argentina to ascend to the US / EU sanctions on Russia to which Russia responded by banning all imports from the EU? – And is now seeking trading with South America? Not that Russia really needs food from South America – there is an enormous and willing Asia market open to them. Russia’s gesture is a helping hand to Argentina and South America to free themselves from the economic and political pressures constantly exerted on them by Washington. Argentina will laugh at such a ridiculously stupid request from the EU. Good for Russia – and good for Argentina, Brazil, Chile, Peru et al – to finally escape the claws of the predator empire of Washington and go the way of independence, namely towards a new area of economic sovereignty and world monetary system. Good for the BRICS (Brazil, Russia, India, China and South Africa), as they may finally come to a consensus among themselves and issue their own currency, backed by about one third of the world’s economic output and about half the world’s population.

If the BRICS are not yet ready with an alternative, dollar delinked currency to replace the western predatory money machine, Russia and China are. The two countries have forged a solid political and economic alliance during the past few years, have a combined GDP of US$ 21.1 trillion (China – US$ 19 trillion; Russia US$ 2.1 trillion – est. 2014), equal to about 27% of the world economic output – US$ 77.8 trillion (est. 2014). Russia has already announced that the ruble is backed 100% by gold – which is not a reference in itself, but enhances the solidity of their countries’ manufacturing and construction output. This compares with a US GDP of US$ 17 trillion, mostly based on the output of the war and security industrial complex, meaning a GDP of destruction – and on consumption, as well as hollow financial and legal services. While the BRICS are getting their act together, it is conceivable that Russia and China will issue shortly their own combined currency – the ‘Ruyuan’ or the ‘Yuanru’, delinked from the corrupt, predatory western monetary system; a new monetary alliance could also replace the dollar as reserve currency. Controlling more than a quarter of the world’s economic output and a majority chunk of the Asian market, a combined China-Russian currency would have an infinitely more solid backing than has the fiat dollar – as well as meanwhile also the fiat euro – to become a serious reserve currency. – It is only a question of time until much of the rest of the world will jump on the occasion and abandon the dollar.

The U.K. will press European Union leaders to consider blocking Russian access to the SWIFT banking transaction system under an expansion of sanctions over the conflict in Ukraine, a British government official said. The Society for Worldwide Interbank Financial Telecommunication, known as SWIFT, is one of Russia’s main connections to the international financial system. Prime Minister David Cameron’s government plans to put the topic on the agenda for a meeting of EU leaders in Brussels today, according to the official, who asked not to be named because the discussions are private. “Blocking Russia from the SWIFT system would be a very serious escalation in sanctions against Russia and would most certainly result in equally tough retaliatory actions by Russia,” said Chris Weafer, a senior partner at Moscow-based consulting firm Macro Advisory. “An exclusion from SWIFT would not block major trade deals but would cause problems in cross-border banking and that would disrupt trade flows.”

The European Union could significantly scale back sanctions and resume discussions with Russia on issues from visa-free travel, cooperation with the Moscow-led Eurasian Economic Union and the crisis in Libya, Syria and Iraq if Russia moves to end the crisis in eastern Ukraine, according to an EU discussion paper. While insisting the EU cannot return to "business as usual" with Moscow, the paper suggests the EU consider gradually normalizing many aspects of its ties with Russia in what would be a significant shift in relations.

The paper, which hasn't yet been sent to member states, was prepared by the EU's foreign-policy arm ahead of a meeting of the bloc's foreign ministers in Brussels on Monday. No immediate decisions are expected from that meeting where the EU's medium-term approach to Russia is the main item on the agenda. EU energy chief Maros Sefcovic will visit Moscow on Wednesday for discussions with top officials from the government and the state gas company Gazprom.

with some signs that the situation in eastern Ukraine could stabilize--or at least not deteriorate--there have been growing calls to seek ways out of the stalemate. Within days of taking office, European Commission President Jean-Claude Juncker met with Russian President Vladimir Putin at the Group of 20 leaders meeting in Brisbane, Australia. EU foreign policy chief Federica Mogherini has said that she will visit Moscow in early 2015 and insisted dialogue must be maintained. The paper raises the question of whether the EU needs "a more proactive approach," including a series of possible trade-offs, to induce policy change from Russia. "Such a process would need to be selective and gradual, and commensurate with the degree to which Russia responds positively," the paper said.

PERIES: So, Michael, these international banks represented by the finance ministers now in Brussels, when they were in crisis and we the public treasury bailed them out, they had no problem with that. Why are they now refusing to assist Greece at a time of need when in fact some politicians and even the troika is being more receptive to what Greece is saying? HUDSON: Because what's at issue really is a class war. It's not so much Germany versus Greece, as the papers say. It's really the war of the banks against labor. And it's a continuation of Thatcherism and neoliberalism. The problem isn't simply that the troika wants Greece to balance the budget; it wanted Greece to balance the budget by lowering wages and by imposing austerity on the labor force. But instead, the terms in which Varoufakis has suggested balancing the budget are to impose austerity on the financial class, on the tycoons, on the tax dodgers. And he said, okay, instead of lowering pensions to the workers, instead of shrinking the domestic market, instead of pursuing a self-defeating austerity, we're going to raise two and a half billion from the powerful Greek tycoons. We're going to collect the back taxes that they have. We're going to crack down on illegal smuggling of oil and the other networks and on the real estate owners that have been avoiding taxes, because the Greek upper classes have become notorious for tax dodging.

Well, this has infuriated the banks, because it turns out the finance ministers of Europe are not all in favor of balancing the budget if it has to be balanced by taxing the rich, because the banks know that whatever taxes the rich are able to avoid ends up being paid to the banks. So now the gloves are off and the class war is sort of back. Originally, Varoufakis thought he was negotiating with the troika, that is, with the IMF, the European Central Bank, and the Euro Council. But instead they said, no, no, you're negotiating with the finance ministers. And the finance ministers in Europe are very much like Tim Geithner in the United States. They're lobbyists for the big banks. And the finance minister said, how can we screw up this and make sure that we treat Greece as an object lesson, pretty much like America treated Cuba in 1960?

On February 12, Christine Lagarde, Managing Director of the International Monetary Fund, announced that the IMF had reached an agreement with the Ukrainian government on a new economic reform program. Ms Lagarde’s statement, made in Brussels, came only minutes after peace negotiations between the heads of the German, French, Russian und Ukrainian governments in Minsk, Belarus, had ended. The timing was no coincidence. Washington had been left out of the negotiations and now reacted by sending its most powerful financial organization to the forefront in order to deliver a clear message to the world: that the US will not loosen its grip on the Ukraine, if not by sending weapons, then at least economically and financially.

The loans will be based on the terms of an economic program for Ukraine for 2015 – 2020, passed by the Kiev parliament in December 2014, and are tied to harsh conditions laid down in a letter of intent, signed by prime minister Yatseniuk and president Poroshenko in August 2014. Some of the measures have already been implemented, others will follow. Among those already in force is the flexible exchange rate regime which has not only led to a 67% devaluation of the hrivna, lowering the average monthly wage of Ukrainian workers to less than $ 60, but has also opened the doors for international currency speculators who have already made millions by indebting themselves in hrivnia and repaying their debts in euros and dollars. The rate of inflation, running at 25 % in 2014 and expected to rise even higher in 2015, and a hike in gas prices by 50 % in May 2014 made survival almost impossible for the weakest 20 % of the population who already lived below the poverty line in 2013. Among the measures still to come are the layoff of 10 % of the country’s public employees and the partial privatization of health care and education. The retirement age for women is to be raised by 10 years, that for men by 5 years, most benefits for old age pensioners are to be abolished, the pharmaceuticals market is to be deregulated. Retirement pensions will be frozen, and there will be no more free lunches for school children and patients in hospitals. Benefits for victims of the 1986 nuclear disaster in Chernobyl are to be cut, and the boundaries of the officially designated radioactive hazard zone will be revised. The country’s monthly minimum wage is to remain at 1,218.00 hrivna ($ 46 at the current rate of exchange) until at least November 2015.

According to an Israeli media report, Saudi Arabia has agreed to let Israeli warplanes fly over Saudi territory to save fuel while attacking Iranian nuclear sites, the latest indication of how the two former enemies have developed a behind-the-scenes alliance that is reshaping geopolitics in the Middle East.“The Saudi authorities are completely coordinated with Israel on all matters related to Iran,” a European official in Brussels told Israel’s Channel 2 in a report broadcast on Tuesday and described in other Israeli media outlets.

Riyadh’s only condition was that Israel make some progress in peace talks with the Palestinians, a stipulation that may be mostly cosmetic so the Saudis can save face with other Arab states without really interfering with an Israeli flyover to strike Iran.Disclosure of this Israeli-Saudi military cooperation also comes as the United States and five other world powers rush to finish an agreement with Iran to curtail but not eliminate its nuclear program, which Iran says is only for civilian purposes. Israeli Prime Minister Benjamin Netanyahu is set to appear before the U.S. Congress on March 3 to undercut President Barack Obama’s negotiations.The reported Saudi permission for Israeli warplanes to take a shorter route to bomb Iran also suggests that Netanyahu may be laying the groundwork for his own plans to attack the Iranian nuclear sites if the international negotiations are successful. Netanyahu has denounced a possible deal as an “existential threat” to Israel.

Russia has invited all NATO member States and the NATO leadership to attend a security conference in mid-April, said the Russian Deputy Defense Minister Anatoly Antonov. The invitation comes against the backdrop of deteriorating relations between members of the Atlantic Alliance and Russia. Meanwhile, during a recent symposium, experts warned about the risk of a military escalation that includes the use of nuclear weapons, whether it be wanted or unwanted.  Russian Deputy Defense Minister Anatoly Antonov said on Thursday that NATO cannot be the sole guarantor of freedom and security in a modern world, reports the Russian Tass news agency, Antonov added that some countries now are trying to impose their policy and position on others and that latest developments show how imperfect the world is.

In 2008 NATO and the UN signed a Secretariat Coordination Treaty that implies that NATO has become the de facto military enforcement instrument of the international body, even though NATO is not representative of UN members or their individual rights or policies. The signing of this treaty was largely omitted by most media. Russia has since the reunification of Germany repeatedly complained that it perceives NATO’s eastwards expansion and the deployment of anti-missile systems directed against Russia along its borders as a potential threat and as a violation of the agreements which led to the reunification of Germany. This position has, among others, been stressed by the last Soviet leader Michael Gorbachev. It was confirmed by the former French Foreign Minister Roland Dumas who stressed that the understanding that NATO would not expand eastwards was by all sides understood as “the essence of peace”.

The dispute was to some degree mitigated by the Russian – NATO cooperation within the NATO’s “Partnership for Peace” program which has largely been suspended since the eruption of the conflict in and about Ukraine in 2014. The Tass news agency quotes Antonov as saying that: “Some countries and even associations, such as the European Union, venture to define who and how should behave themselves on the international arena. If anyone voices another stance, which is different from that of Washington, Brussels and Ottawa, then they try to punish this country. … This is what is happening in regard to Russia today.” Antonov stressed that there today is a lack of confidence between the countries and that it would be difficult to mend the international security system which has been seriously undermined by the actions of the United States and its allies in the international arena. He added, however, that the potential of Russian – U.S.’ relations has not yet been exhausted although he never, in his entire diplomatic career that relations had been has difficult as they were today. Antonov stressed that the Ukrainian crisis affects security throughout Europe.