Thursday, January 20

Day: August 29, 2016

EU is sleep walking off a cliff: Greek PM warns Brussels must change course to survive
ENGLISH, Europe

EU is sleep walking off a cliff: Greek PM warns Brussels must change course to survive

    The country is facing a third bail out since 2010 as it tries desperately to cut its debt and implement rules to help kick start it out of recession. But Mr Tsipras has accused Germany of acting as Europe’s savings bank stockpiling excessive surpluses while at the same time freezing wages and keeping inflation low on purpose. And Prime Minister Tsipras says Britain's decision to quit the EU is indicative of growing disquiet of citizens across the bloc. Now he is demanding German leaders do an about turn and stop sitting on its surplus or face the beginning of the end of the EU. The Prime Minister also said the EU was sleepwalking towards a cliff by sticking to austerity rules. The people of Greece are furiously angry over their continued crisis We are not simply seeking, w...
Ed Balls attacks Jeremy Corbyn’s leftist utopian fantasy
ENGLISH, United Kingdom

Ed Balls attacks Jeremy Corbyn’s leftist utopian fantasy

    Ed Balls has warned that Jeremy Corbyn’s leftist utopian fantasy will not return the Labour Party to government. The former shadow chancellor made the criticism within an analysis of Labour’s 2015 election campaign, which he described as astonishingly dysfunctional. Refusing to listen to the electorate has never been a winning formula, any more than Jeremy Corbyn thinking the volume of the cheering from your core supporters is a reliable guide to wider public opinion, he said.Caution will not win the day; but nor will Jeremy Corbyn's leftist utopian fantasy, devoid of connection to the reality of people's lives. In his memoir, Speaking Out, which is being serialised in The Times, Mr Balls reveals that he and Ed Miliband barely spoke during the 2015 election campaign, and s...
A year on from the death of Aylan Kurdi: we’ve still not done enough to solve the refugee crisis
Arab world, ENGLISH

A year on from the death of Aylan Kurdi: we’ve still not done enough to solve the refugee crisis

    A year ago this week a little boy was washed up dead on a Turkish beach and became a symbol of the refugee crisis caused predominantly by conflict in Syria and Iraq. Pictures of Aylan Kurdi appeared to show not only how bleak was the predicament facing many in war-torn regions, but also how Europe – with its comparative peace and prosperity – had failed to work out a cogent or unified response. As it happened, Aylan Kurdi’s death coincided very nearly with the anniversary of the outbreak of the Second World War. The Independent’s editorial of 2 September, which called on the British government to take a fair share of refugees, noted that the time had come for European countries to work together and to demonstrate how far the continent had come since the dark days of World ...
More than 200 people attend anti Islam protest against Muslim housing estate
ENGLISH, Europe

More than 200 people attend anti Islam protest against Muslim housing estate

    The anti-Islam rally took place in the west of Melbourne, the second most populous city in Australia, over the weekend. Protesters waved flags and held aloft banners before marching to the local council's office. One such banner said: No. Islam sharia law against mankind. The protest was condemned as divisive and religious paranoia or hatred by a leading Australian politician. We don’t think a Muslim-only estate is a wise thing Kane Miller It was organised by the True Blue Crew, which describes itself as an anti-immigration group. The group claims a housing development which will provide 75 homes has been designated a Muslim housing estate despite the city council categorically denying it is a faith-based development. A post on the True Blue Crew’s Facebook page, posted ah...
Brexit could make UK better off says Mervyn King
ENGLISH, United Kingdom

Brexit could make UK better off says Mervyn King

    Britain can be more successful outside of the European Union, a former governor of the Bank of England has said. Lord King of Lothbury also suggested a future decline in UK productivity could be a result of the Remain camp exaggerating the repercussions of the Brexit vote. He maintained we don’t really know how our economy will fare outside of the EU and that any predictions were highly speculative. We are now in a better position to rebalance the UK economy, Lord King told Central Banking magazine. An unfortunate aspect of the campaign was the government forecasts of what the consequences of Brexit might be, which inevitably were highly speculative, in particular for the long run. The problem is that the long-run judgment then feeds back to the short-run forecast because ...